How Work Furloughs Affect FSA Accounts

…an employee’s job status changes due to layoff, termination, or retirement, FSA benefits stay behind. Furloughed employees may wonder how their status impacts FSA availability. How is a furlough different…

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Health Savings Account FAQs

Health Savings Account FAQs

…a contribution on 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…

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How Much Should I Contribute to My HSA?

…year. This 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…

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COVID-19 relief health plans

Where We Are: COVID-19 Relief and Health Plans

…and benefits consultant: Public Health Emergency Status In January 2020, a Public Health Emergency (PHE) was declared by the Secretary of the Department of Health and Human Services (HHS). During…

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FSA vs HRA vs HSA

FSA vs HRA vs HSA – What are the Differences?

…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 expense before any…

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Taxes and HSAs – What You Need To Know

…the correct amount. If you had a change in status last year (i.e., single to married or married to single), learn how a mid year change of status changes how…

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Health FSA and DCAP Carryover Rules Approved for 2021

…years ending in 2021 without a corresponding qualifying life event (change to marital status, birth/adoption or death of a dependent, change in employment status, etc.) Plan Amendments Required These changes…

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2022 HSA Contribution Limits Published by IRS

…coverage and $14,100 for family coverage. 2022 HDHP Minimum Deductibles and Out-of-Pocket Limits HDHP Minimum DeductibleOut-of-Pocket Limits2022$1,400 for single coverage (no change) $2,800 for family coverage (no change)$7,050 for single…

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How Does Medicare Enrollment Impact My HSA Eligibility?

…Medicare coverage to under 65 as an optional enrollment. Reducing prescription drug prices under Medicare is another possible change. Biden will be trying to work with Congress to change a law that…

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