May 25, 2023 | Announcements, Consumer-driven Health Plans, FSA Store, Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), HSA Store, IRS
The IRS has announced its health savings account (HSA) contribution limits for 2024. The annual cost-of-living adjustments include a 7.8% increase in individual HSA contributions – one of the largest jumps in recent years, and a definite indication of how inflation...
Feb 20, 2023 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), FSA Grace period, FSA Store
If your health plan offers a grace period for members to use any remaining 2022 flexible spending account (FSA) funds, you’ll want to remind them that those funds will no longer be available after March 15, 2023. Any claims submitted before that date will...
Jan 4, 2023 | Affordable Care Act, Cafeteria plans, Consumer-driven Health Plans, Health insurance exchanges, IRS
Once again, the IRS is seeking to increase access to federal Health Insurance Exchange coverage… this time, by offering greater flexibility to sponsors of cafeteria plans. As explained in Notice 2022-41, the IRS has expanded the change-in-status rules for...
Nov 10, 2022 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), FSA Store, Online Services
“How do I spend down my extra FSA funds?” is a question MedBen regularly gets this time of year. Fortunately, there’s a convenient way for your plan members to shop for useful FSA-eligible products before year’s end (or before their grace...
Aug 22, 2022 | Consumer-driven Health Plans, Debit Cards, Flexible spending accounts (FSAs), FSA Store, MedBen Access, Mobile App, Online Services
We’re nearly two-thirds of the way through 2022… so if your plan offers members a MedBen FSA debit card, it’s a good time to remind them about its benefits! When members use their card to pay for qualified purchases, they don’t have to...
Jun 3, 2022 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), FSA Store
With summer just around the corner, it’s an ideal time to check your current FSA balance… and while you’re at it, take care of your summer wellness shopping.FSA Store guarantees 100% item eligibility – and that includes such seasonal staples as...
