…high deductible health plan (HDHP). The agency said that high deductible health plans (HDHPs) will not lose their status if they cover the cost of COVID-19 treatments before plan deductibles…
…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,…
…can change as often as your circumstances change Employers can contribute to your account However, not all employers offer a 401(k) program, so this option may not be available for…
…payments, and that list doesn’t often change. For example, in 2011, over-the-counter (OTC) drugs and medications were made ineligible as a move by Congress to help fund the Affordable Care…
…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…
…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…
…2025. Workers Have Changed Even More But the changes to workers are perhaps even more dramatic than those to the workplace. The pandemic has fundamentally affected American attitudes toward work….
…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…
Set Your Clients Apart with Lifestyle Spending Accounts Employers are looking for every possible advantage to recruit and retain top-quality employees in a dramatically changed workplace. Many are finding new…
…Accounts Extension of public health emergency status automatically extends the temporary rule changes regarding COBRA, HIPAA, and group health plans (including FSAs and HRAs). Decreed jointly by the Internal Revenue…
…Existing Benefits Their post-tax status and lack of regulatory restrictions allow LSAs to be offered alongside other benefit accounts without interference. Enrollment at Any Time Lifestyle Spending Accounts can be…
Set Your Clients Apart with Lifestyle Spending Accounts Employers are looking for every possible advantage to recruit and retain top-quality employees in a dramatically changed workplace. Many are finding new…
Set Your Clients Apart with Lifestyle Spending Accounts Employers are looking for every possible advantage to recruit and retain top-quality employees in a dramatically changed workplace. Many are finding new…
…the end of the year. Either situation makes you eligible for less than the full year, which can cause an HSA excess contribution. Contribution limits can also change depending on…
…reduction in hours, change in employment status, death of the covered employee, divorce or separation from the covered employee, among other events. To be eligible for the ARRA subsidy, AEI’s…