What Is an HSA & How Does It Work?
More Americans are starting to use Health Savings Accounts (HSAs) to assist with their health care costs. As HSAs gain popularity, you’ll likely want to know if an HSA is right for you, especially if your employer offers an HSA in its benefits package with a Qualified High Deductible Health Plan (QHDHP). Fortunately, understanding HSAs […]
Read MoreCovid-19 Personal Protective Equipment (PPE) Now Qualifies as a Medical Expense
On Friday March 26th, The Internal Revenue Service (IRS) released an Announcement 2021-7 that Covid-19 Personal Protective Equipment (PPE) qualifies as medical expenses under section 213(d). These items are now eligible for payment or reimbursement under Healthcare Flexible Spending Accounts, Health Reimbursement Arrangements and Health Savings Accounts. PPE expenses include items such as, but not limited to […]
Read MoreAmerican Rescue Plan Act of 2021 Allows for Temporary Increase to Dependent Care Elections
On Thursday, March 11, 2021, the American Rescue Plan Act of 2021 was signed into law, which allows employers to amend their Dependent Care FSA plan to allow employees to increase their elections amounts for 2021. Dependent Care FSA Exclusion Limit: For Dependent Care Flexible Spending Accounts, the provision raises the exclusion limits for the plan year […]
Read MoreNew Relief Provisions for FSAs in Consolidated Appropriations Act of 2021
Welcomed Updates Pertaining to Flexible Spending and Dependent Care Accounts Announced On December 27th, 2020, The President signed the Consolidated Appropriations Act of 2021 to fund the government and provide economic relief in response to the pandemic. With this Act comes notable changes to Flexible Spending Accounts (FSAs) and Dependent Care Accounts (DCAs), which include: Permitting employers […]
Read MoreHappy Holidays from The Difference Card!
Making a Difference. Giving back to those in need this year. This year, we have decided to give back to people that need it the most- from coast to coast. We are making donations to organizations in need in three of our major markets. On the East Coast: We have donated to a nonprofit organization […]
Read MoreIntroducing Health Savings Accounts from The Difference Card!
Super savings with a Difference Card HSA! The combination of an HSA + The Difference Card is a powerful healthcare tool. With a Difference Card HSA, you can stack multiple benefits onto ONE CARD. Difference Card members can use their card to spend HSA funds, LPFSA funds and employer funded dollars- all with the swipe […]
Read MoreVirtual Open Enrollment is easy with The Difference Card!
Digital Member Education It’s as easy as 1, 2, 3! This year, we are meeting our members where they are: at home. We are rolling out three new tools to help our clients onboard new employees to The Difference Card. 1. Open Enrollment Meetings hosted via Zoom Virtual open enrollment meetings will be hosted through […]
Read MoreDifference Card Creates All-Star Revenue Management Team to Boost Growth and Increase Retention
FOR IMMEDIATE RELEASE EB Employee Solutions, LLC The Difference Card 245 Main Street | Suite 605 White Plains, NY 10601 888.343.2110 Difference Card Creates All-Star Revenue Management Team to Boost Growth and Increase Retention Top Sales Leaders promoted to newly created positions as Difference Card ramps-up nationwide expansion plan. White Plains, NY – EB Employee Solutions, […]
Read MoreComing soon! The New Difference Card Smart Mobile App!
We are excited to announce the launch of our brand new mobile app in mid-July! This new mobile app experience will make it easier for our Difference Card Members to make smarter healthcare spending decisions. New features of the DC Smart Mobile App include: A personalized experience that helps you navigate your unique health and […]
Read MoreIRS releases updated PCORI fees for plan years ending after October 1, 2019
On June 8, 2020, the IRS issued Notice 2020-44 announcing the revised PCORI fee amount for plan years ending between October 1, 2019 and before October 1, 2020. For affected plans within this timeframe, the new “applicable dollar amount” used to calculate the PCORI fee is $2.54. Notice 2020-44 states: “The applicable dollar amount that […]
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