Reminder: PCORI Fees are Due by July 31, 2021
Don’t forget to file by the July 31st deadline What are PCORI Fees? Under the Affordable Care Act (ACA), most employer sponsors and insurers are required to pay PCORI fees until 2029, as it applies to plan years ending on or before September 30, 2029. The PCORI fee imposed on sponsors of a self-insured […]
Read MoreWhat the New HSA Limits for 2022 Means For You
The IRS Announces 2022 HSA and Qualified HDHP Limits The IRS announced the 2022 limits for Health Savings Accounts (HSA) and Qualified High Deductible Health Plans (HDHP). This allows employers or plan sponsors sufficient time to prepare for Open Enrollment period for 2022. The New HSA Rules for 2022 Health Savings Account (HSA) contribution limits […]
Read MoreThe Difference Card Announces New Financial Partnership with Northlane Capital
New financial partnership provides opportunity for continued growth and innovation at The Difference Card The Difference Card is growing again with new financial partners, Northlane Capital! By partnering with Northlane Capital Partners, The Difference Card will continue to transform the health insurance marketplace by providing benefit enhancements and cost-savings solutions. Northlane Capital is excited to […]
Read MoreThe Difference Card helps Wisconsin School District save $1 million on their health insurance.
In the first year of using The Difference Card, the Baraboo School District saved $1 million in health insurance premiums. By switching to a high deductible health plan and using The Difference Card, the school district was able to see a 20% reduction in their actual premiums for the 2019-20 school year. Quoted by Dan Lewison […]
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 More