Feb 4, 2021 | Cost Savings, Flexible spending accounts (FSAs), Online Services, Savings
Not only is the FSA Store an easy way to shop for FSA-eligible products with your MedBen Debit Card, it’s a convenient way to check what is eligible! The comprehensive FSA Eligibility List contains thousands of items FSA users can purchase with tax-free funds....
Jan 8, 2021 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), FSA Store
FSA users who just replenished their funds now have a convenient way to shop for FSA-eligible products. FSA Store offers 4,000 health items that don’t require substantiation when using a MedBen FSA debit card. In addition to first aid, personal health items and...
Dec 28, 2020 | Consumer-driven Health Plans, COVID-19, Dependent care assistance plan (DCAP), Flexible spending accounts (FSAs), IRS, Regulatory
The Consolidated Appropriations Act of 2021 (also called the COVID-19 relief bill) includes temporary provisions that allow employers to provide for a carryover of unused health flexible spending arrangements (FSA) and dependent care assistance flexible spending...
Dec 4, 2020 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health Savings Accounts (HSAs), MedBen Access, Online Services
MedBen has partnered with FSA Store and HSA Store, the largest online marketplace for FSA and HSA products. The FSA and HSA Stores: Remove the guesswork of determining if purchase qualifies for reimbursement; Offer a 100% product eligibility guarantee. December 31,...
Nov 10, 2020 | Announcements, Consumer-driven Health Plans, Flexible spending accounts (FSAs), MedBen.com, Over-the-counter (OTC) drugs
If your plan has a January effective date and you offer a flexible spending account (FSA), it’s a good time to remind members that December 31, 2020 is the final day they can use any remaining 2020 funds. Additionally, for most plans, March 31, 2021 is the last...
Oct 29, 2020 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), IRS, News
The IRS has announced 2021 cost-of-living adjustments for certain tax provisions related to consumer-driven plans: The limit on voluntary employee salary reduction contributions to a health flexible spending account (FSA) remains unchanged from 2020 at $2,750. The...