For many of us, our children are our greatest gifts. But caring for even the happiest and healthiest children can take a toll on parents. Add full-time work (or multiple part-time jobs) into the mix, and some days may feel like a challenge you can’t overcome. Now imagine taking care of an aging parent at … More >>
Did you know that it’s National Children’s Dental Health Month? Parents have a lot of questions about their kids’ teeth. Each February, the American Dental Association (ADA) takes this opportunity to raise awareness regarding children’s dental health with tips and tricks. And, you can use your benefit accounts to pay for much of it! Children’s … More >>
The Health Resources and Services Administration (HRSA) of the U.S. Dept. of Health and Human Services (HHS) recently announced new preventive care and screening guidelines aimed at reducing out-of-pocket expenses for women, infants, children, and adolescents. The new guidelines take effect for plan years beginning in 2023. Under the Affordable Care Act (ACA), certain group … More >>
The Cures Act allows small employers to offer Health Reimbursement Arrangements (HRAs) to their workforce to help cover the cost of medical expenses and health insurance premiums for themselves and their families. Employers and workers alike have questions about how a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) will affect them. Legal experts are in the process of interpreting the law, but here’s a list of some QSEHRA FAQs and their answers that are generally agreed upon.
Given the important role that the software solution can hold in the user experience equation, what should benefits brokers, TPAs and employers expect from their software providers? By John Robbins Jr. Originally Posted by BenefitsPRODecember 22, 2021 Benefit brokers, third-party administrators (TPAs) and human resource managers provide, administer and manage benefits packages for companies of … More >>
Healthcare costs are expected to trend higher by about 6.5 percent this year. COVID-19 and mental health care will drive the increase, among other health issues. But some relief is already here. Effective January 1, the No Surprises Act aims to protect patients after a service or product has already been provided by banning certain out-of-network billings and … More >>
Companies spend a lot of time and money creating valuable benefits plans for employees. But even after all that work, they still often get low participation. Good benefit choices require employers to help employees understand their benefits. PlanSponsor recently reported that two-thirds of employees want year-round help understanding and using their benefits. That number goes up … More >>
The Affordable Care Act has impacted American lives for over a decade. How has it affected the Consumer-Directed Healthcare account market? Healthcare reform has been a topic of debate since the early 20th century. Many recent U.S. presidents have endeavored to reshape the American system in varying ways. The Affordable Care Act (ACA), which became … More >>
The ACA is in its second decade of affecting healthcare across the country. This legislation continues to have a major impact on Americans across a range of economic groups and industries. Its affects can also be felt in the CDH market. Originally Posted by BenefitsPRONovember 22, 2021 Healthcare reform has been debated for years, with … More >>
On November 10, 2021, the Internal Revenue Service (IRS) announced 2022 annual limits for Flexible Spending Account (FSA) contributions, maximum carryover amounts, Transportation benefit (Transit/Commuter/Parking) contributions, and Qualified Small Employer Health Reimbursement Arrangement (QSEHRAs) amounts. The announcement was made in Rev. Proc. 2021-45. 2022 FSA Contributions The maximum health FSA contribution limit will be $2,850. … More >>
LITTLE ROCK, ARKANSAS (Nov. 1, 2021) – DataPath, Inc., a leading developer of technology solutions for employee benefits administration, has published a whitepaper titled, “Eleven Years After the Affordable Care Act, The Consumer-Directed Healthcare Market Thrives.” The paper explores the health of CDH accounts after a decade of the ACA – and concludes that it … More >>
COBRA coverage can work with healthcare benefit accounts such as HSAs, HRAs, and FSAs to help former employees meet their eligible medical expenses.
Although COVID-19 was a top health story in 2020, another disturbing health trend also emerged with fewer people quitting smoking. The health dangers of smoking cigarettes have been well-documented since the U.S. surgeon general’s groundbreaking report in 1964. The number of adults who smoke was down to an estimated 14 percent in 2019, and cigarette sales … More >>
On Monday, May 10, the Internal Revenue Service (IRS) published the 2022 HSA contribution limits, out-of-pocket limits, and High Deductible Health Plan (HDHP) minimum deductibles. Rev. Proc. 2021-25 also includes the excepted benefit Health Reimbursement Arrangement (EBHRA) limit for 2022. 2022 HSA Contribution Limits In 2022, Health Savings Account (HSA) owners will be able to … More >>
The fight against COVID-19 has expanded to the purchase of personal protective equipment (PPE) items. On Friday, March 26, the IRS released Announcement 2021-7, which qualifies PPE purchased for the primary purpose of preventing the spread of COVID-19 as medical expenses under section 213(d) of the Internal Revenue Code. The regulation allows specific items to be … More >>