Apr 7, 2020 | Announcements, Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), Health Savings Accounts (HSAs), News, Over-the-counter (OTC) drugs, Prescription, Regulatory
The CARES Act signed into law by President Trump on March 27 permanently reinstates coverage of over-the-counter (OTC) medications as eligible for reimbursement from FSAs, HRAs and HSAs without need for a prescription. Under the reinstated coverage, account funds can...
Apr 5, 2020 | Announcements, Caroline Fraker, Compliance, Consumer-driven Health Plans, Coronavirus, COVID-19, Dependent care assistance plan (DCAP), Family and Medical Leave Act (FMLA), Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), Kentucky, News, Ohio, Over-the-counter (OTC) drugs, Prescription, Regulatory, Telemedicine
The COVID-19 pandemic has resulted in a rush of new federal and state laws to address the need for testing and treatment of the coronavirus, in addition to resulting issues from work and child care changes. Many of these rules directly affect MedBen clients, so it’s...
Dec 11, 2019 | Announcements, Consumer-driven Health Plans, Flexible spending accounts (FSAs), IRS
Just a reminder that if your plan offers a health flexible spending account (FSA), plan members need to use their tax-free contributions by December 31, 2019 before the remaining funds are forfeited… unless your plan offers a grace period or allows members to...
Nov 8, 2019 | Announcements, Consumer-driven Health Plans, Flexible spending accounts (FSAs), IRS, News
The Internal Revenue Service (IRS) has announced the annual inflation adjustment for flexible spending accounts (FSAs) for the 2020 tax year. As has been the case in previous years, contribution limits will see only modest increases or remain unchanged. The 2020...
Oct 6, 2019 | Announcements, Compliance, Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health Savings Accounts (HSAs), MedBen Access, MedBen WellLiving, Mobile App, News, Online Services, Prescription, Wellness
MedBen clients can now get detailed information about their health care coverage direct to their mobile device! Just search for “MedBen” in the iTunes or Google Play app store and download MedBen Access Mobile to your smartphone or tablet. When you log in, you’ll see...
Jun 4, 2019 | Announcements, Consumer-driven Health Plans, Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), IRS, News
The IRS has announced its annual cost-of-living adjustments affecting health savings accounts (HSAs) for calendar year 2020. The annual limit on deductible contributions to an HSA will go up by $50 for individual coverage and $100 for families next year. HSA...
