” Good news! Your FSA or HSA account now has even more spending power! The CARES Act of 2020 expanded the use of Health Savings Accounts and Flexible Spending Accounts to include more eligible healthcare items. Watch this video to learn more about eligible healthcare expenses! Captain Contributor – Benefits Super Hero
Health Savings Account (HSA) owners are usually keenly aware of the account’s triple tax advantage: pre-tax contributions, tax-free withdrawals for eligible expenses, and tax-free growth. What you may not know is that you can take advantage of tax-free contributions for the previous year all the way up to the tax
The fight against COVID-19 has expanded to the purchase of personal protective equipment (PPE) items. On Friday, March 26, the IRS released Announcement 2021-7, which qualifies PPE purchased for the primary purpose of preventing the spread of COVID-19 as medical expenses under section 213(d) of the Internal Revenue Code. The regulation
” 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
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
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 it a bird? A plane? A flying tax man?!?After a sequence of freakishly unlucky events, a once meek tax man is transformed into a superhero! Captain Contributor’s origin story and his mission to help people save on their taxes is out of this world.And what’s with that form-fitting leotard? Watch
” A Health Savings Account is a tax-advantaged benefit account for people enrolled in a high-deductible health plan. You can make pre-tax contributions each payday in order to pay for IRS-approved eligible expenses for yourself and your dependents. Learn more! Captain Contributor – Benefits Super Hero Read HSA Comic Vol 2 Read
” Benefits debit cards can link to any employer benefit account and give you access to your funds in FSAs, HSAs, HRAs, Dependent Care Assistance Plans and Transit Accounts. Captain Contributor – Benefits Super Hero Read Comic Book Read Fact Sheet Captain Contributor Explains Benefits Debit Cards Captain Contributor Explains Lifestyle Spending
” If your company offers an FSA or HSA, it’s a good idea to sign up for one. They can help you save on taxes while putting aside money for healthcare expenses. But the question always comes up – how much money do I need to set aside? Watch this
