FSA Eligible Sunscreen with Skincare Benefits
Summer is in full swing and you’ve probably been enjoying the extra daylight, warm temps, and (hopefully) slower days. But sometimes swimming, time spent outdoors, and long walks with your dog can result in damage from the sun like skin irritation from sunburn, dry skin, or even uneven patches. So how do you take care […]
Read MoreHSA vs. FSA: Comparing Strategies
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 […]
Read MoreThe Power of Tax-Advantaged Benefit Accounts
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. Request a Proposal What are tax-advantaged benefit […]
Read MoreMust-have FSA eligible products for your kids’ spring break
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 […]
Read MoreWhat are Qualifying Life Events and How do they affect my FSA?
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 […]
Read MoreCan I have an FSA and HSA? Exploring compatible tax-free account options
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 […]
Read MoreWhich Sunscreen is Right for Me?
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 […]
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. Request a Proposal PPE expenses include items such as, but […]
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. Discover Our Dependent Care FSA Dependent Care FSA Exclusion Limit: For Dependent Care Flexible Spending Accounts, the provision raises the exclusion […]
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. Discover Our FSAs With this Act comes notable changes to Flexible Spending Accounts (FSAs) and Dependent Care Accounts (DCAs), which […]
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