On Thursday, March 11, President Biden signed the American Rescue Plan Act (ARPA) of 2021. In addition to other features, ARPA provides full COBRA subsidies under specific circumstances and creates significant additional COBRA enrollment eligibility rules. The following is a list of common ARPA COBRA subsidy frequently asked questions (FAQs). This blog is not intended to be used as … More >>
Employers, you know it’s true. Your benefits plan can make your company look more attractive, help you recruit and keep top talent, and improve the morale of your workforce. While there are standard benefit plan options such as group health coverage, life insurance, and retirement plans, there are other options that can put you over … More >>
” You probably already know that by using a Flexible Spending Account (FSA) you can get significant tax savings, but did you know that with a health or limited purpose FSA, you do not have to wait for that money to build up before it’s available? Watch this video to learn more about the uniform … More >>
The Consolidated Appropriations Act, 2021 was recently approved by Congress and the President. The bill provides a number of relief measures to help people cope with the ongoing COVID-19 healthcare crisis. Among the provisions are new temporary rules for health and dependent care Flexible Spending Accounts (FSAs). The new rules allow for increased carryover amounts, … More >>
When you have a Flexible Spending Account (FSA), you set aside money before taxes to cover qualified out-of-pocket healthcare expenses for yourself and your family. As the year comes to an end, there are a few things you should be aware of so you can maximize your account’s benefits. Here are 4 things to know … More >>
” A Health Savings Plan (HSA) is a great compliment to a High Deductible Health Plan (HDHP). But HSA funding can be confusing. How do you build up your HSA account balance while using it for healthcare expenses at the same time? Watch this video to learn more about funding your HSA! Captain Contributor – Benefits Super Hero … More >>
During the pandemic, a lot of people spent more time at home and didn’t keep up with their normal spending habits. Because of that, your remaining FSA balance may be larger than that of a normal year. In fact, FSAStore.com estimates that the average FSA account holder has 30-35 percent more in their account balance … More >>
During enrollment season, a question people commonly ask is, “Can I have an FSA and HSA at the same time?” Both benefit accounts are popular because people want to maximize their tax savings and lower their healthcare costs. Let’s take a look at both accounts and see if you can have an FSA and an … More >>
A company’s benefits package is a vital tool for attracting and keeping talented employees. It can also improve workforce health and engagement. But with workers who span four generations in today’s labor force, building a benefits plan can be a challenge for employers. Baby Boomers are nearing retirement while Gen Z is just entering the workforce. Meanwhile, … More >>
Flexible Spending Accounts (FSAs) are an important benefit that helps people reduce out-of-pocket healthcare costs and save money on taxes. An estimated 43 percent of all civilian (non-government) workers have access to an FSA through their employers. These employer-sponsored, tax-advantaged accounts allows participants (employees) to set aside money before taxes to pay for eligible medical … More >>
Debit Card Replenishment Process Answers common questions about the process of replenishing the employer group debit card account in response to participant transactions.
Convenient, Secure Access Explains how offering the Summit debit card can increase employer FICA savings and the overall success of offering a tax-advantaged benefits account plan.
” An HRA, or Health Reimbursement Arrangement, is an employer-sponsored benefit account funded ONLY by the employer. It allows employees to pay for qualified healthcare expenses. Learn more! Captain Contributor – Benefits Super Hero Read Comic Book Read Fact Sheet Captain Contributor Explains ICHRAs Captain Contributor Explains Lifestyle Spending Accounts Captain Contributor Explains Eligible Expenses Captain Contributor Explains … More >>
How to submit a claim for for recurring medical expenses. **All sections of the claim form must be completed in order to receive reimbursement, including signature and date.** Claim Form Section A: Declaration of Services Enter the start and end date of the services provided Complete the provider’s charges (you will need to include the … More >>
Legislation creating the ICHRA was passed to help employees pay premiums for individual insurance coverage in June 2019 and goes into effect January 1, 2020. This guide outlines the requirements to sponsor an ICHRA.
Estimate how much you can save with this HSA savings calculator! An HSA is a tax-advantaged benefit account for people enrolled in a high-deductible health plan (HDHP). Account owners make pre-tax contributions each payday (or post-tax, which can be deducted on tax returns) to their HSA in order to pay for IRS-approved eligible expenses for … More >>
Estimate how much you can save with this FSA savings calculator! An FSA is an employer-sponsored benefit account that enables employees to set aside funds from each paycheck, before taxes, to help pay for out-of-pocket medical expenses for themselves and their dependents. This handy FSA Savings Calculator will help you estimate your health spending for … More >>
Dental care is costly, starting with your premium payments. That coverage may provide you may with a checkup, cleanings, and x-rays once or twice a year. But what happens when you, your spouse, or your child needs a filling, root canal, orthodontia, or an emergency extraction? Insurance probably won’t cover the entire cost of those … More >>
Tax-Free Talk is a three-part enrollment season podcast series featuring Captain Contributor, and hosted by Kathy Claimant. In this series, Captain Contributor addresses concerns about benefits enrollment for administrators, employers, and employees. Featuring the Captain’s unique wit and in-depth knowledge, and packed with action and suspense, this enrollment season podcast is like no other. Enrollment … More >>
During benefits enrollment season you may be offered health, dental, and vision insurance. Some companies offer other benefit options like commuter benefit accounts and consumer directed healthcare (CDH) accounts. Depending on your company’s benefit plan, you may be wondering – should I sign up for an FSA? What is an FSA? An FSA, or Flexible … More >>
Award-winning Employee Education and Engagement ProgramEmployer-sponsored healthcare accounts can be hard to understand. That’s why DataPath Administrative Services has adopted a year-round employee education and engagement program for our groups. The Adventures of Captain Contributor, a national-award winning program, is both informative and entertaining. In a series of comic books and videos, Captain Contributor and … More >>
Forms and Materials Library for EmployersWelcome to the Forms and Materials Library. You will find a wealth of information about tax-advantaged benefit accounts, compliance questions and answers, commonly used forms, benefit card and system information, and more. FSA HSA HRA COBRA
