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What’s in the News!
The deadline for filing Patient Centered Outcome Research Institute (PCOR) fees is quickly approaching. Group health plans are required to pay the PCOR fee for plan years ending on or after October 1, 2012 and before October 1, 2019. The fee generally applies to Health Reimbursement Arrangements (HRAs) because they are considered group health plans. […]0 comments
Dual Purpose Expenses and Notes of Medical Necessity Pretax spending accounts reimburse many expenses including co-pay, deductible and prescription expenses. These items are typically eligible with standard documentation and nothing additional is needed. However, there are several expenses that are considered dual purpose, and require additional documentation in order to be reimbursed. Dual purpose expenses […]0 comments
Employers – don’t forget your mid plan-year checkup! The middle of the plan year is a great time for employers to review the status of their benefits and make sure everything is still in order for the current plan year. An employer completing a mid-year audit may want to check the following items: Payroll Deductions […]0 comments
Health Savings Account – Contributions vs. Distributions Health Savings Account (HSAs) provide a way for employees to set money aside and pay for qualified medical expenses. HSAs have specific eligibility requirements for those who would like to open and contribute to the account. To be eligible to contribute, the account holder must be enrolled in […]0 comments
Flexible Spending Account Eligible Expenses and Summertime Must-Haves As summer is about to begin, what better way to be prepared for the warmer weather than to stock up on items through your FSA that you’ll need for the summer months. Many participants may not be aware they are able to use their FSA to purchase […]