Flyte Blog

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 employers as […]

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 […]

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 […]

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 […]

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 a Health Reimbursement […]