Can 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 MoreWhy You Should Leverage a MERP for Your Clients
A medical expense reimbursement plan (MERP) can help employers reduce healthcare costs without sacrificing the level of care employees receive. Employers can also adjust the plans annually and maximize the budget as needed. However, a MERP comes with a set of rules. Noncompliance may affect the plan’s tax-advantaged status. Effectively communicating with employers and working […]
Read MoreSeptember Case Study: Pennsylvania Manufacturer Saves $50,995 on Renewal Using The Difference Card
Using our proprietary MERP (Medical Expense Reimbursement Plan) strategy, the Difference Card helped a Pennsylvania Manufacturer navigate a difficult September renewal. The client was receiving a 19.4% renewal increase from UPMC. This manufacturer’s Health Insurance Broker engaged The Difference Card to help with a solution to reduce this renewal WITHOUT changing the benefits to staff. […]
Read MoreWhat Is an HSA & How Does It Work?
More Americans are starting to use Health Savings Accounts (HSAs) to assist with their healthcare costs. As HSAs gain popularity, you’ll likely want to know if an HSA is right for you, especially if your employer offers an HSA in its benefits package with a Qualified High Deductible Health Plan (QHDHP). Fortunately, understanding a Health […]
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