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...
Dec 7, 2022 | Flexible spending accounts (FSAs), FSA Store, MedBen Access, Mobile App, Online Services
Do you have FSA members who still need to spend down their remaining funds before year’s end? Remind them that many health care products also happen to make great stocking suffers! FSA Store carries a variety of FSA-eligible items that fit perfectly into a...
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...
