Flyte Blog
HRA Eligible Expenses: Rules for Employers and Employees
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 cover out-of-pocket healthcare costs while […]
Dependent Care Accounts: A Comprehensive Guide
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 Care Accounts (DCAs) offer a tax-advantaged […]
Navigating the Complexities of ACA Compliance: A Comprehensive Guide
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 fall approaches, […]
Traditional HRA: Is it Still a Thing?
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 a Health Reimbursement […]
PCORI Fees: A Step-By-Step Guide
Once set to expire in 2019, the Patient-Centered Outcomes Research Institute (PCORI) fee was renewed for the next 10 years. This fee, paid every year by July 31 until 2029, is sent to the Internal Revenue Service to fund the […]
