Nov 29, 2022 | Debit Cards, Flexible spending accounts (FSAs), FSA Store, Mobile App, Online Services
In 2021, U.S. consumers spent $491 billion on out-of-pocket health care costs… but only $95 billion of those expenses were paid for with pre-tax dollars. For health plan members who have a flexible spending account (FSA) and aren’t taking full benefits of...
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...
Oct 31, 2022 | Flexible spending accounts (FSAs), Health flexible spending account (FSA), IRS, Qualified small employer health reimbursement (QSEHRA), Qualified transportation fringe benefits
The IRS has announced 2023 cost-of-living adjustments for health flexible spending accounts (FSAs) and other tax provisions related to consumer-driven plans. The maximum voluntary employee salary reduction contribution to Health FSA gets a $200 bump, reflecting...
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...
Aug 9, 2022 | Benchmarks, Flexible spending accounts (FSAs), Health Benefits, Health Savings Accounts (HSAs), Mental Health, Telehealth, Telemedicine
Already ranked as the most important employee benefit an organization can offer its workers, health-related benefits have taken on even greater significance since the onset of COVID-19, according to the 2022 SHRM Employee Benefits Survey. As shown in the graph below,...
Jul 11, 2022 | Explanation of benefits (EOB), Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), MedBen Access, Online Services
If you’ve used MedBen Access lately – either online or via or our mobile app – you’ve probably noticed a number of improvements. In additional to a NEW look, these changes include: NEW quick-access icons – Jump to our most popular features right from the...