HRA vs. FSA
HRA vs. FSA What’s the difference between a Health Reimbursement Arrangement (HRA), sometimes called a health reimbursement account, and a Healthcare Flexible Spending Account (FSA)? Whether you’re an employee comparing benefit options or an HR manager evaluating plans for your workforce, that’s likely your first question. An HRA and an FSA are both tax-advantaged benefit accounts, but they […]
Read MoreFSA Use-It-or-Lose-It Rule: Carryover, Grace Period, and What to Know
As your plan year wraps up, you might be thinking about the money sitting in your flexible spending account (FSA). If you haven’t spent it all, will you lose it? It’s a common concern. Many FSA holders are familiar with the use-it-or-lose-it rule. You need to use your funds within the plan year, or you’ll forfeit them. […]
Read MoreHSA vs. FSA: Which Is Right for You?
Both a health savings account (HSA) and a flexible spending account (FSA) offer excellent benefits. The accounts provide an opportunity to pay for healthcare with pretax dollars, making it easier for employees to access the care they need. However, the choice you offer your employees comes with eligibility requirements based on various factors. Explore the differences between HSA and […]
Read More2026 FSA Contribution Limits Announced
The IRS announced the new limits on October 9, 2025. Highlights of changes coming in 2026: FSA Contributions: Contributions to a healthcare flexible spending account have increased $100 to $3,400 – up from $3,300 in 2025. FSA Carryover Amount: If the employer allows for carry-over, FSA participants can now carry over $680 – up $20 […]
Read MoreWhat Are Qualifying Life Events and How Do They Affect My FSA?
Normally, you can only enroll in or make changes to a Flexible Spending Account (FSA) during your employer’s open enrollment period. However, if you experience a qualifying life event (QLE), you may be allowed to start an FSA, change your contribution amount, or cancel your FSA. A QLE can affect the type of coverage and contribution […]
Read MoreTax Benefits of Flexible Spending Accounts for Employers
Flexible spending accounts are an increasingly popular employee benefit that offers tax advantages for employees and employers. FSAs enable employees to put aside pre-tax dollars to cover eligible medical and dependent care expenses. While employees benefit from reduced taxable income and cost savings, employers can also take advantage of tax benefits associated with offering FSAs. […]
Read MoreFSA 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 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 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 […]
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