In the News

Planning for End of Year Expenses for Flexible Spending Accounts
11/19/2016

Planning for End of Year Expenses for Flexible Spending Accounts The end of the plan year is quickly approaching for many flexible spending accounts (FSAs).   Many participants may be wondering what happens at the end of the plan year and how do I wrap up any outstanding claims. There are three primary scenarios (determined by […]

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Maximize Your Flexible Spending Account with Correct Claim Documentation
09/06/2016

Maximize Your Flexible Spending Account with Correct Claim Documentation When submitting documentation for claims, it is important to remember the requirements for substantiating eligible expenses. There are five pieces of information required by the IRS in order to confirm an expense is eligible to be reimbursed pre-tax from a flexible spending account (FSA). The required […]

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The Small Business Healthcare Relief Act May Provide Additional Options
08/30/2016

The Small Business Healthcare Relief Act May Provide Additional Options   When IRS Notice 2013-54 was released at the end of 2013, it contained information that put an end to most stand-alone Health Reimbursement Arrangements (HRAs). Many employers used HRAs to provide additional benefits to their employees.  Small employers used HRAs to provide funds for […]

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Making the Most of your Flex Debit Card
08/18/2016

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
04/18/2016

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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