Nov 10, 2021 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), IRS
The IRS has announced 2022 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) increases $100 from 2021 to $2,850. The...
Apr 5, 2021 | COVID-19, Flexible spending accounts (FSAs), FSA Store, Health reimbursement arrangements (HRAs), Health Savings Accounts (HSAs), Personal protective equipment (PPE)
The IRS has announced that purchases of personal protective equipment (PPE) qualify for reimbursement under a health flexible spending account (FSA), health reimbursement arrangement (HRA), or health savings account (HSA). Eligible PPE products now include paper and...
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...
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...
Sep 5, 2019 | Debit Cards, Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs)
Hard as it may be to believe, 2019 is two-thirds of the way over, and the holiday season will be here before we know it. Before things get too busy, now would be a good time to double-check your recent health care expenditures and see if you have any payments that...
