Archive | Benefit Flex Debit Card

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End of Year Remaining Balances and Eligible Expenses

End of Year Remaining Balances and Eligible Expenses With the end of the plan year less than a month away for many pretax reimbursement plans such as flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) participants may be looking to confirm how they can spend their remaining balance to avoid the forfeiture of funds. […]

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Terminated Employees and Flexible Spending Accounts

Terminated Employees and Flexible Spending Accounts It’s the middle of the plan year, and an employee who is enrolled in the company’s flexible spending account (FSA) decides they are going to leave and go work for another employer. When they are no longer an employee, what happens to the FSA? Once the person is no […]

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Medical Costs

What is the benefit of offering a flex card?

What is the benefit of offering a flex card? Employers have many options available when designing their benefit plans. One option commonly used is adding the flex card, or debit card feature to flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs). The main benefit of offering a flex card as part of a benefits […]

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Transit

Transit Flex Cards Now Accepted by UberPOOL

Transit Flex Cards Now Accepted by UberPOOL Employees enrolled in the transit benefit can now use their Flex Cards for transit expenses via UberPOOL! UberPOOL uses an eligible van pool vehicle to transport people traveling to the same place at the same time.  This allows commuters to save money on their trip and now they […]

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Making the Most of your Flex Debit Card

Making the Most of your Flex Debit Card Many employers offer the convenience of a flex debit card as part of their pre-tax spending accounts. With the flex debit card comes the convenience of being able to pay for out of pocket medical expenses at the point of sale without having to wait for a […]

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Congress Makes Last Minute Updates to Pre-Tax Plans in 2015

Congress Makes Last Minute Updates to Pre-Tax Plans in 2015 December was a busy month for pre-tax plans. Many employers, participants, and administrators made their voices heard in Washington, DC by reaching out to their representatives asking them to vote to make changes to the upcoming Cadillac Tax. The tax was originally scheduled to  take […]

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Durbin Amendment and your myCafeteriaPlan Flex Card | PIN Access FAQs

The Durbin Amendment (Section 1075) of the Dodd-Frank Wall-Street Reform and Consumer Protection Act and Its Effects on the myCafeteriaPlan Card. Effective April 1, 2013 a new regulation goes into effect as part of the Dodd-Frank Wall-Street Reform and Consumer Protection Act that requires consumers to be provided with the ability to pay using a […]

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