News & Press

What is a qualified medical expense, according to the IRS?

Thu, 26 Sep 2024 16:17:00 GMT

Employee Benefit News

By William Sweetnam, Jr.

We all know that health flexible spending arrangements (FSAs), health reimbursement accounts (HRAs) and health savings accounts (HSAs) provide a tax-effective way of funding an employee's health care expenses.

Views HSAs should be promoted as way to supplement retirement savings

Tue, 9 Apr 2024 19:11:00 GMT

Employee Benefit News

By Christa Day

With the deadline looming for Americans to file their income tax returns, this is as good a time as ever to reflect on the multiple merits of a health savings account.

Raising dependent care FSA limits would help manage child care costs

Fri, 29 Dec 2023 18:10:00 GMT

Employee Benefit News

By Christa Day

It may take a village to raise a child, but what does it take to pay for one? While there are many opinions, most agree that the figure is substantial. Just how large of a sum, what constitutes the highest percentages and why that is the case could fill a mountain of books and articles. One area worth focusing on is the cost of child care and how employers can help with this expense.

How to help employees maximize FSA benefits

Wed, 13 Dec 2023 15:35:00 GMT

Employee Benefit News

By Christa Day

With the prominent rise in health savings accounts (HSAs), it is possible that other consumer-directed benefits are not getting as much consideration — particularly the flexible spending account (FSA).

6 Funds to Add to Your HSA

Thu, 3 Aug 2023 05:00:00 GMT

Money

By Bill Sweetnam

Here's what experts recommend in terms of fund selection for an HSA.

Health care and childcare: What’s ahead for Congress in 2023 for consumer-directed plans

Thu, 22 Jun 2023 05:00:00 GMT

Benefits Pro

By William Sweetnam

With bipartisan consensus in Congress that Americans need help on health care costs, it’s likely bills will be introduced to expand the opportunity for individuals to contribute to a health savings account, says the ECFC.

13 Companies Offering Health Insurance to Part-Time Workers

Thu, 2 Mar 2023 05:00:00 GMT

Money

By Bill Sweetnam

Health insurance benefits are a valuable perk that not many part-time workers get.

Unexpected Ways to Spend Your FSA Dollars Before the Year Ends, From Condoms to Foot Massagers

Tue, 27 Dec 2022 05:00:00 GMT

Money

By Bill Sweetnam

If you have a flexible spending account (FSA), expect to see a big change in 2023 that could help you save money on medical costs — provided you know how to make the most of it.

Helping Families With Tax Credits and Increased Contributions to Dependent Care FSAs

Wed, 2 Nov 2022 05:00:00 GMT

The Well News

By William Sweetnam

Families deserve all the help they can get. The costs of child care are escalating, particularly after the COVID-19 pandemic. The Internal Revenue Code provides a number of tax breaks that help in paying for the expenses of caring for children and other dependents.

Want more employees to enroll in a health savings account? Here’s a simple solution

Tue, 11 Oct 2022 05:00:00 GMT

Benefits Pro

By William Sweetnam

Isn’t it time for Congress to update the HSA rules to allow more people to establish this employer-sponsored account to help pay for their deductibles and out-of-pocket expenses?

The Federal Government Subsidizes Abortions. Will That Last?

Sat, 2 Jul 2022 05:00:00 GMT

The New York Times

By Ron Lieber and Tara Siegel Bernard

Individuals can often use health insurance or flexible spending accounts to pay for abortions or deduct the cost on tax returns. Congress might weigh in.

2022 Advice and Reminders for Comp and Benefits Managers

Wed, 5 Jan 2022 05:00:00 GMT

SHRM

By Stephen Miller, CEBS

Trends and developments to follow in the year ahead

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