Over-the-Counter Expenses and Pre-Tax Spending Accounts 03/03/2017 Over-the-Counter Expenses and Pre-Tax Spending Accounts Many people rely on various over-the-counter (OTC) medications to help with symptoms when suffering from allergies, the flu, or general aches and pains. While these types of expenses are generally not eligible to be reimbursed from a pre-tax plan such as a Flexible Spending Account or Health Savings Account, […] Read More >
How to Clear Outstanding Flex Card Claims 02/24/2017 How to Clear Outstanding Flex Card Claims As the 2016 pre-tax benefit plan year comes to a close, it is a good time to review the plan year and remember that end of year reporting is extremely important for pre-tax plans that offer a flex card. The IRS has outlined the steps that should be […] Read More >
Top 3 Ways to Make the Most of Your Flex Card 02/17/2017 Top 3 Ways to Make the Most of Your Flex Card Many employers offer the use of a flex card along with their pre-tax benefits. The flex card can add a level of convenience to the benefit, and here are some tips for how to make the most of your flex card. Save all documentation […] Read More >
What is the benefit of offering a flex card? 02/10/2017 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 […] Read More >
What is a Health Savings Account? 02/03/2017 What is a Health Savings Account? Health savings accounts, or HSAs, have been growing in popularity over the past few years. You may be considering offering this as part of your benefit package for your employees and wondering what makes an HSA. Here are some key points to know about this benefit. HSAs are savings […] Read More >
Transit Flex Cards Now Accepted by UberPOOL 02/01/2017 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 […] Read More >
The Top 4 To-Dos on an Employer’s New Plan Year Checklist 01/27/2017 The Top 4 To-Dos on an Employer’s New Plan Year Checklist The new plan year is well under way for many employer offered benefits. This is a good time for employers to review their plans and ensure important details were not missed during the busy open-enrollment time period. Payroll Deductions – after the first payroll […] Read More >
W-2 Reporting Requirements for Reimbursement Accounts – What has to be Included? 01/20/2017 W-2 Reporting Requirements for Reimbursement Accounts – What has to be Included? It’s that time of year when employers and employees begin thinking about deadlines for W-2s and reporting information for taxes. Healthcare reform has brought about many changes to the reporting requirements for healthcare costs and you may be asking yourself what requirements, if […] Read More >
IRS Announces 2017 Mileage Rate for Medical Purposes 12/29/2016 The IRS has announced the mileage rate for 2017 for medical purposes. The mileage rate for 2017 will be $0.17 per mile driven. This is a 2 cent decrease from the 2016 limit of $0.19. The new rate of $0.17 is effective January 1, 2017. […] Read More >
What is a flexible spending account? 12/10/2016 What is a flexible spending account? A flexible spending account, or FSA, is a benefit which allows employees to have funds deducted from their paycheck pre-tax to pay for out-of-pocket medical, dental and vision expenses. Depending on the type, a plan may also be established to reimburse out of pocket daycare expenses. These plans are […] Read More >