FSA Eligible Expenses and Other Important Information

For many Americans, Flexible Spending Accounts (FSAs) are an important benefit that helps reduce their out-of-pocket healthcare costs and save money on their taxes. An estimated 43 percent of all civilian (non-government) workers have access to an FSA through their employers. These employer-sponsored, tax-advantaged accounts allow participants (employees) to set aside money before taxes to pay for … Read more

COBRA FAQs – Questions and Answers about COBRA Insurance

Among the benefits that American workers receive, one of the most important options is COBRA insurance. COBRA allows workers to keep their healthcare coverage in case they experience a qualifying event that may cause them to lose coverage. For more information about COBRA insurance, see the following COBRA FAQs. What is COBRA? Now over three … Read more

FSA Terminology: Use It or Lose It, Grace Period, Carryover, and More

Whether you’re new to or familiar with Flexible Spending Accounts (FSAs), there are some key terms you should know. FSAs are employer-sponsored benefit plans. When the plan is setup, the employer has several spending options to choose from: use it or lose it, grace period, and carryover. In order to max out your tax-free benefit … Read more

2018 Healthcare Trends: What’s In Store for Healthcare Consumers

With the start of a new year, we can’t help but wonder which healthcare trends are in store for 2018. Coming off an interesting 2017, the next twelve months looks to be even more exciting. This year, attempts to manage escalating insurance and medical costs are at the center of industry trends. Contributing to the … Read more

Healthcare Consumerism: What is it and How Does it Affect Healthcare?

Healthcare consumerism, a movement designed to refine the efficiency and affordability of healthcare services, is working to change how people prioritize their personal healthcare. Imagine a system where savvy patients use their knowledge to take a more active role in purchasing and utilizing healthcare services. Healthcare consumerism is getting closer to making this a reality. … Read more

Can Employees Have HRAs and HSAs at the Same Time?

Healthcare spending accounts, such as Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs), help individuals and families pay for medical expenses. They also provide more control over how and where to pay for those expenses. Some employees have the opportunity to have both an HRA and an HSA, either through their own employer or … Read more