“greater of” provision of the Full-Contribution rule, an HSA-eligible individual who has a mid-year status change will have his new annual contribution limit determined by whichever of the following two…
…their tax-free status, HSA funds must be used for qualified medical expenses as described in Section 213(d) of the Internal Revenue Service. These include a wide variety of medical services,…
…allows you the flexibility to change as your financial needs change. How Much Should I Contribute to My HSA: Other Factors to Think About What else should you consider when…
new rule is the result of a multi-year regulatory project that the Department of Labor started in 2009 “to address the problems with conflicts of interest in investment advice, balancing…
Designed to help offset the high cost of medical care Enables individuals to take control of their personal healthcare needs Permits tax-advantaged contributions While they have several significant similarities, each…
…the account (HSA portability) should their employment status change due to job loss, changing company, or retirement. Employers may also choose to contribute to the HSA, but the account owner…
or when your employment status changes. Both offer valuable benefits, some of which overlap. But when comparing the benefit accounts, they differ from one another in several important ways. Comparing…
the duplication of data entry and the need for data synchronization. In addition, when an administrator enters a change in employment status, this automatically triggers consecutive actions, e.g. benefit coverage…
…risk of exposure, making protected information far less vulnerable to breach. Increased Flexibility A single entity with only one set of corporate protocols to navigate offers increased flexibility. The single…
year. Even if your employment status changes, the money in the account is yours to keep. Flexibility: You can change the amount you want to invest and the way the…
new format? Which of the following were your FAVORITE sessions? Choose up to THREE (3). Andrew Kerr – Humble Leadership and Change Management Workshop John Hickman – Legislative and Regulatory…
all-in-one solution that offers FSA, HRA, HSA, and COBRA administration in a single platform designed to administer all of these accounts. This all-in-one platform is not a combination of systems…
$7,000 $6,900 Out-of-pocket expense limits (maximium) $13,500 $13,300 Annual deductible(minimum) $2,700 (no change) $2,700 DataPath, Inc. is a leading provider of cloud-based benefits administration solutions for Flexible Spending Accounts, Health…
…of all status changes and stay current on key compliance dates, including communications, payments, and other important COBRA events. With Summit, there is no need for additional COBRA software. Streamlined…
(IRS). Pros and Cons of the Cadillac Tax Supporters of the tax contend it will generate much-needed revenue streams to support the cost of paying for ACA. Many also believe…
