Feb 16, 2024 | Flexible spending accounts (FSAs), FSA Grace period, FSA Store, MedBen Access, Mobile App, Online Services
If your health plan offers a grace period for members to use any remaining 2023 flexible spending account (FSA) funds, you’ll want to remind them that those funds will no longer be available after March 15, 2024. Any claims submitted before that date will...
Jan 2, 2024 | Biometric recognition, Claims, Drug costs, Flexible spending accounts (FSAs), Health Benefits, Health reimbursement arrangements (HRAs), ID Card, MedBen Access, Mobile App, Online Services, Wellness
Based on client survey feedback, some plan members aren’t aware that MedBen offers a mobile app… so we’ve created a flyer to help spread the word! MedBen Access has long been available online, but for those who prefer smartphone convenience, the...
Nov 9, 2023 | Announcements, Flexible spending accounts (FSAs), IRS, News
On November 9, the IRS announced cost-of-living adjustments for FSAs. The annual employee contribution limit will increase to $3,200 in 2024, up from $3,050 in 2023. If your FSA allows a carryover of unused amounts, the maximum carryover amount is $640 in...
Nov 9, 2023 | Blood pressure, Chronic conditions, Flexible spending accounts (FSAs), FSA Store, Hypertension, Preventive Care
As chronic conditions go, hypertension is one that many of us deal with on a daily basis. Nearly half of Americans adults in the U.S. suffer from high blood pressure, but only about 1 in 4 have the condition under control, many through the use of prescription drugs....
Nov 8, 2023 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), FSA Store, MedBen Access, Mobile App, Online Services
If your plan has a January effective date and you offer a flexible spending account (FSA), please remind your members that December 31, 2023 is the final day they can use their 2023 funds. The best way for FSA members to check their current balances is by visiting...
Sep 14, 2023 | Consumer-driven Health Plans, Debit Cards, Flexible spending accounts (FSAs), FSA Store, IRS, Substantiation
Substantiating purchases made with a health flexible spending account (FSA) is crucial for ensuring eligibility for pre-tax status…so much so, that earlier this year the IRS released a memorandum stressing its importance. To make the process as straightforward...
