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Health Savings Account vs. a 401k
Should I max out my HSA contributions? Most people don’t think about an HSA as a savings account. Instead, they think of it as an account used to set aside money, tax-free, to pay for health expenses. But the reality…
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Spotlight of the Month on Difference Card Broker Partner, Richard Pierro
Congratulations to Richard Pierro, of K&P Benefits, for being recognized as our Broker Partner of the Month for June 2022! Richard Pierro is the CEO of K&P Benefits, a United Benefits Advisor (UBA) firm. Richard partnered with Difference Card Senior…
Read MoreThe Department Health and Human Services Announced Increased Health Plan Out-of-Pocket Limits by Over 4% The 2023 Health Insurance renewal season is under way and those employers that are currently at the Affordable Care Act (ACA) limits will find additional…
Read MoreUsing our proprietary MERP (Medical Expense Reimbursement Plan) strategy, The Difference Card helped a Marketing Agency build the most cost-effective healthcare plan for their June renewal. The client was receiving a 12.6% renewal increase from Allways Health Partners. The agency’s…
Read MoreIf 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…
Read MoreJoin us for a live webinar to take a look at our new Benefits Administration System. We are excited to launch our brand-new Difference Benefits Admin System and would like to take you on a behind the scenes tour! …
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Spotlight of the Month on Difference Card Broker Partner, Lisa J. Severo
Congratulations to Lisa Severo, of The DJB Group, for being recognized as our Broker Partner of the Month for May 2022! Lisa Severo partnered with Difference Card Senior Consultant, Rachel Wilburn, from The Difference Card Midwest Team, to help an…
Read MoreA New York-based not-for-profit organization streamlines benefit administration with The Difference Benefits Admin System. A Difference Card Client focused on the education, wellbeing, and development of vulnerable families across Metro New York was looking for a way to streamline and…
Read MoreThe Difference Card is excited to announce the launch of our new Employee Benefit Administration System! The Difference Benefits Admin System is a comprehensive suite of products including a new online enrollment services platform, HR Portal, COBRA Administration, and our…
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What are the 2023 Limits for HSAs and High-Deductible Health Plans?
IRS Announces increase for Health Savings Account Contribution Limits On April 29, the IRS released the HSA contribution limits for the 2023 calendar year, along with the minimum and maximum out-of-pocket expenses for High Deductible Health Plans (HDHPs). HSAs must…
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