HSA Expansion Opens the Door to Millions
…of HSA participation. The Numbers Tell the Story – The HSA Market is Primed for Growth This legislative change represents a seismic shift that will dramatically expand access to HSAs…
Search Results for: change of status
COBRA and Billing Solutions
…requirements, COBRA is perhaps the most challenging benefit to manage. With our straightforward, all-in-one platform, you’ll be on top of status changes and current on key compliance dates, including communications,…
5 Ways to Control Rising Benefit Costs
…Status Changes In addition to determining current needs, workforce demographics should be explored. Are a significant number of workers nearing 65? They will become eligible for Medicare at that age,…
Five Keys to a Successful 2023
…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…
HSA Excess Contributions – What Should You Do?
…change depending on an updated coverage status, due to marriage, divorce, new child, etc. How to Correct HSA Excess Contributions As mentioned, the IRS provides two ways of correcting over-contributions….
ARRA vs ARPA: Comparing COBRA Subsidies and Administrative Challenges
…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…
HSAs as a Retirement Tool
…health insurance coverage at a later date. Plus, you can use the money regardless of your insurance enrollment status. At the end of each calendar year, all unused funds in…
How Much Should I Contribute to My HSA?
…or insurance plan changes. However, you can only make contributions while enrolled in an HDHP, although you can spend or withdraw an existing balance whether or not you are enrolled…
BPO Services
…re-enrollment Participant demographics and status changes Contribution reconciliation Online/mobile claims adjudication Debit card claims adjudication Claims entry for faxed and emailed claims Printing and mailing fulfillment services Preparing raw data…
Missed open enrollment? What’s next?
…Health Savings Accounts (HSAs) Health Savings Accounts require owners to be enrolled at the same time in an HSA-eligible high-deductible health plan (HDHP). As long as that status is in place,…