Flyte Blog
Labor Poster Update Requirement
Flyte's automated Labor Law Posters will keep your business up-to-date and compliant! As soon as the laws or regulations change on the State or the Federal Level, a new poster will be sent, and/or an email will arrive alerting you of the update. Posting Update Summary MAY [...]
Health FSA and the IRS Substantiation Requirements
On March 29, 2023, the IRS released Memorandum #202317020, which highlights the need to comply with Health FSA reimbursement requirements when substantiating medical and dependent care expenses. In this discussion, we'll explore the consequences of not following the IRS substantiation requirements correctly under a Health FSA provided in [...]
ICHRA and Section 125 Plans = Greater Tax Savings
Offering employee benefits and more importantly, flexible benefits can be costly. One very affordable solution for employers that offers flexibility in employees choosing their own insurance policies and a menu of benefits is combining a Section 125 Cafeteria Plan with an Individual Coverage Health Reimbursement Arrangement (ICHRA). [...]
ICHRA Reimbursement – 3 Strategies You Should Know
ICHRA, or an individual coverage health reimbursement arrangement, has numerous strategies for how it can reimburse individual premiums. Setting up an ICHRA reimbursement plan for your employees is easy once you know these strategies. Some strategies employ reimbursing a flat dollar amount by class of employee, reimbursing [...]
The End of COVID-19 National Emergencies: What it Means for COBRA, FSA, and Telehealth
President Biden has informed Congress that he plans to end the COVID-19 national emergencies on May 11, 2023. While this is a promising sign of progress, it also means that the temporary extensions introduced during the pandemic will expire. This includes COBRA coverage, FSA and HRA run-out [...]
Common HR Compliance Risks for Start-Ups
HR is Often Overlooked During the Startup Years Often, start-up companies prefer the freedom to focus limited time and resources on their industry specific objectives rather than on becoming subject matter experts on human resource management and compliance. However, it’s imperative across all industries to address these [...]
