…wars, social change, political upheaval and more. But the pandemic caused them to really examine their current life stage and consider retiring early. As a result, retirements were 50% higher…
…savings account. You can keep and use the money even if your employment status changes. In addition, there are several ways to grow the account over your lifetime. As you…
…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…
…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…
…portal, eliminating 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….
…FSA Carryover). Also, unused FSA balances may be forfeited if employment status changes. Cafeteria plans can be a cost-effective benefits strategy for employers. They help businesses save money while keeping…
…contractual obligation with the SHOP exchange to pay all applicable COBRA premiums to the exchange; and (iv) the employer would have received the State mini-COBRA premiums directly from AEIs were…
…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…
…quarter later? Have any participants had a mid-year status change necessitating an adjustment to their consumer-directed healthcare accounts? Have employers planned any layoffs that will need COBRA support? Periodically checking in with employers to identify…
…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…