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HSA vs. FSA: Comparing Strategies

June 20, 2022

What is the difference between a Health Savings Account and a Flexible Spending Account? A health savings account (HSA) and a flexible spending account (FSA) are both great savings vehicles to make your dollars stretch further for healthcare costs. With either option, your employer can contribute pretax dollars into your account, and you can use […]

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The Power of Tax-Advantaged Benefit Accounts

June 7, 2022

If you’re confused and overwhelmed by tax-advantaged benefit accounts that are offered alongside your health insurance plan, you’re not alone. With July open enrollment season quickly approaching, you may find yourself wondering what tax-advantaged accounts are, how they can help you, and what the differences are among them. What are tax-advantaged benefit accounts? Several types […]

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Must-have FSA eligible products for your kids’ spring break

March 14, 2022

As March gives way to April, it is officially spring and before you know it, your kids will be home from school for their annual spring break. This is typically a very busy week for most families, as they are beginning to enjoy the great outdoors, taking vacations and generally enjoying everything the new season […]

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What are Qualifying Life Events and How do they affect my FSA?

November 24, 2021

Can I change contribution amounts to my Flexible Spending Account? As a Flexible Spending Account (FSA) holder, you rely on your benefit to cover a huge range of qualifying products and services, so finding ways to maximize your payroll allocations throughout the year is pivotal to reducing your bottom line. Unfortunately, outside of the open […]

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Can I have an FSA and HSA? Exploring compatible tax-free account options

September 29, 2021

Whether you’re single, married, or have a growing family, healthcare may be a large chunk of your budget every year, and it can be particularly costly with a high-deductible health insurance plan. Fortunately, there are a couple of tax-friendly accounts, Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) that can make medical expenses more […]

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The Difference Card announces new partnership with GoodCell: A blood-based health screening company

August 17, 2021

The Difference Card is now offering opportunities for members to use their tax-free Flexible Spending Accounts or Health Savings Accounts to purchase discounted preventative health services through GoodCell.   The Difference Card is partnering with GoodCell to help members take a proactive approach to their health and well-being. This partnership will enable members to obtain at […]

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Which Sunscreen is Right for Me?

July 16, 2021

What SPF Should I Use? The sun plays a very important role in our everyday lives. It helps keep our sleep pattern on track and helps our bodies produce Vitamin D, which is important for bone function and healthy skin. But like most things, it’s only good in moderation. And for those who love the […]

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Covid-19 Personal Protective Equipment (PPE) Now Qualifies as a Medical Expense

April 1, 2021

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 […]

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New Relief Provisions for FSAs in Consolidated Appropriations Act of 2021

December 30, 2020

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 […]

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