flexible spending accounts Archives

Workplace Benefits Valedictorians: The Graduating Class of 2023 Wants These Benefits

Tim Hennessy

17 May 202317 May 2023

When it comes to employee benefits, tried-and-true offerings like employer-paid health insurance and matching retirement savings plan contributions have remained at the head of the class among soon-to-be U.S. and Canadian college graduates over the years. According to a survey from The […]

Employee Benefits Health Care U.S.

COBRA’s Interaction With HSAs, HRAs and FSAs

Anne Newhouse

17 May 202113 May 2021

The American Rescue Plan Act of 2021 (ARPA), signed into law on March 11, 2021, contains new COBRA provisions, including a subsidy for the full monthly COBRA premium from April 1, 2021 through September 30, 2021. Our March 25, 2021 blog addressed […]

Employee Benefits Health Care Human Resources (HR) U.S.

Can Health FSAs Be Used to Prepay for Orthodontia?

Jenny Gartman, CEBS

12 Nov 202011 Nov 2020

As fall begins, the International Foundation Information Center typically sees an uptick in requests about year-end or new year planning for calendar year plans. Flexible spending account (FSA) participants need to estimate how much they will set aside for medical expenses prior […]

Employee Benefits Health Care

Pros and Cons of Flexible Spending Accounts (FSAs)

Staff

25 Jun 202025 Jun 2020

A flexible spending account (FSA) is an individual account that can reimburse an employee for qualified medical expenses and work-related dependent care expenses. Is offering an FSA plan worthwhile? Let’s look at some of the pros and cons for both employers and […]

DIVORCE Managing Flexible Spending Accounts

Employee Benefits

D-I-V-O-R-C-E (Part 3) – Managing Flexible Spending Accounts

Amanda Wilke

03 Dec 201902 Dec 2019

As the old country song by Tammy Wynette demonstrates, what happens during a divorce can be tough to spell out. Divorce can be the source of great confusion for many, including employers. They have a number of actions to take related to […]

Employee Benefits Health Care

Flexible Spending Accounts: Reminders for Plan Sponsors About Eligible Medical Expenses

Anne Newhouse

08 May 201913 May 2019

According to the International Foundation of Employee Benefit Plans Employee Benefits Survey, more than 61 percent of plan sponsors offer a flexible spending account (FSA) to their participants. As medical costs continue to rise, we all want to save on health care, […]