As benefits renewal season rolls in, companies across the country are evaluating how best to support their employees. It’s the time of year to build a benefits package that does more than just meet the [...]
The Individual Coverage Health Reimbursement Arrangement (ICHRA) has grown tremendously since its introduction in 2020 due to rising healthcare costs. Initially embraced by small businesses and early adopters, ICHRA has now gained traction among larger [...]
A Health Reimbursement Arrangement (HRA) is a great benefit provided by employers to help cover an employee’s qualified healthcare expenses such as premiums and other HRA eligible expenses. This type of plan allows employees to [...]
Transitioning from traditional group health insurance to a Health Reimbursement Arrangement (HRA) such as an Individual Coverage Health Reimbursement Arrangement (ICHRA), or a Qualified Small Employer HRA (QSEHRA) can be challenging, especially during the first [...]
Juggling work and family responsibilities can be a daunting task for most employees who are parents or caregivers. The financial burden of childcare or elder care can significantly impact quality of life. Fortunately, Dependent [...]
If you’re an employer with 50 or more full-time employees, understanding and complying with the Affordable Care Act (ACA) and its regulations is crucial to avoiding costly penalties and ensuring a smooth year-end reporting process.As [...]
As we near the end of summer, now is the ideal time to conduct a mid-year health account checkup on your FSA and HSA. This proactive step can lead to better financial health and [...]
Back in the 1960s, when healthcare plan deductibles and exclusions became commonplace, employers started reimbursing employees for medical expenses not covered by traditional healthcare plans. In 2002, the IRS formally recognized this practice as [...]
