How a Mid-Year Change of Status Affects HSA Contributions
afforded by HSAs is the ability to change status during the plan year. For example, individuals can change to family status and vice versa in order to adjust to recent…
Search Results for: change of status
Health Savings Account FAQs
…your behalf, including family members. Can you change HSA contributions mid-year? Yes. You may change the amount you deposit into your HSA account at any time during the plan year….
Department of Labor Rule Change Could Impact HSA Account Holders
The United States Department of Labor (DOL) finalized a conflict of interest rule designed to ensure that investment advisors deliver the best available investment information to their clients. A fact…
FSA vs HRA vs HSA – What are the Differences?
…if his or her job status changes due to changing employers, job loss or retirement. Need to know! FSAs are notional accounts, so the employee must incur a qualified medical…
Portability and 9 Other Important Things to Know About an HSA
…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…
IRS Announces 2019 FSA Contribution Limit Increase
…Annual Limit Health FSA $2,700 $2,650 Limited Purpose FSA $2,700 $2,650 Dependent Care FSA $5,000 (no change) $5,000 2019 Transit and Parking Contribution Limits In addition to the FSA limit…
HSA vs FSA – Breaking Down the Differences
…enroll for an account or when your employment status changes. Two popular employer-sponsored benefit accounts are Health Saving Accounts (HSA) and Flexible Savings Accounts (FSA). Both offer valuable benefits, and…
White Paper: Assessing the Benefits of an End-to-End Card Processor in the Consumer Directed Healthcare Market
…their workforce. The transaction was a simple two part process: first, the company paid the physician, and then, employees saw the provider as needed. As healthcare needs changed in the mid-20th century,…
White Paper: How To Revolutionize CDH Account and COBRA Administration with New, Seamless Technology for TPAs
…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…
Connections 2019 Survey
Compared to past years, the Connections 2019 format included more presentations from expert/external speakers. Did you like this change? Yes No No opinion What did you not like about the…
White Paper: How TPAs Can Boost Profits and Balance Their Workload Through Platform Efficiency
…TPA’s workflow. When a comprehensive platform utilizes a singular record, there is no need to ensure each change is updated in multiple places. A change on the CDH side saves…
Whitepaper: Why Employers Should Consider Outsourcing Benefits Administration
…million3 – a substantial risk for any employer. Nondiscrimination testing – For many benefits, employers enjoy a tax-favored status, so long as the plan meets certain requirements. As such, plan…
Cadillac Tax in Limbo Until 2022
…and Health Reimbursement Arrangements (HRAs) – will also figure into the equation. Guidelines for determining the taxable/nontaxable status of a particular coverage is subject to interpretation by the Internal Revenue Service…
Cloud-based COBRA Administration Software with Summit
…Federal compliance regulations. With DataPath’s cloud based Summit platform, you’ll keep on top of all status changes and stay current on key compliance dates, including communications, payments, and other important…
Three Reasons to Consider a Bank-Neutral Card Solution for Workers’ Compensation Payments
…may change banks often, which could lead to a payment processed through EFT never reaching its destination. With a reloadable, bank-neutral debit card, the worker can access his or her…
