Have you ever tried to use your Flexible Spending Account (FSA) for a health-related expense and been told you needed a formal “Letter of Medical Necessity” for it to qualify? Although that sounds a little intimidating, it’s actually a straightforward document that can unlock FSA eligibility for a wide range
A Health Savings Account (HSA) is a great tool for those with a High-Deductible Health Plan (HDHP). But even people who own an HSA may not realize just how beneficial it can be during tax season. Whether you’re using an HSA for the first time or want to optimize your
Managing healthcare expenses isn’t fun for most of us. Between doctor visits, prescription pickups, and stacks of receipts you’re not sure what to do with, keeping track of your FSA or HSA can feel like a part-time job. But what if there was a way to handle all of it
Every January feels new and fresh and motivating, doesn’t it? And then those credit card statements from the holidays arrive, and … ouch. If that’s how you’re feeling, you’re not alone. Nearly 7 in 10 American workers are stressed about their finances, and it affects their focus, productivity, and mental
Seven in ten full-time workers will switch jobs for better benefits. This startling fact emerges from a recent Economist Impact study, sponsored by Nuveen, which surveyed 1,500 full-time workers at medium- to large-sized U.S. companies. The study exposes critical gaps between what employers offer and what employees need. HR leaders
As we approach the end of the year, it’s time to think about more than just holiday shopping and resolutions. Your employee benefits are important, too! Spending a little time now to review your retirement and healthcare spending accounts can help you save a lot of money. Consider this a
The 2026 annual contribution limits have been set for healthcare and dependent care flexible spending accounts (FSAs), health savings accounts (HSAs), adoption assistance, qualified transportation fringe benefit accounts (commuter/transit), qualified small employer health reimbursement arrangements (QSEHRAs), and excepted benefit health reimbursement arrangements (EBHRAs). Limits for the various types of benefit
Open enrollment is your annual opportunity to choose your benefits that protect your health and finances. Smart decisions now can save you money and ensure you get better care when you need it most. Here are seven tips for making open enrollment season as low-stress and successful as possible. #1:
Family-friendly benefits have become essential for employers looking to attract and keep top talent. Companies that support working parents can enhance employee work-life balance, productivity, and job satisfaction. In fact, 94% of companies reported higher employee satisfaction as a result of offering flexibility and/or family-friendly arrangements to employees. Here are
The annual PCORI fee is a crucial compliance requirement for self-insured health plans. As HR directors and benefits brokers navigate the complexities of healthcare administration, knowing PCORI obligations helps ensure smooth operations and supports valuable healthcare research that benefits plan participants. Let’s take a closer look at PCORI, its fee
