Benefits and Morale Go Hand In Hand
Stephen Hawking once said, “When the going gets tough, the tough take a coffee break.” Ok, maybe it takes a little more than a cup of coffee to get people motivated. Many factors create high morale in the workplace. Pay, flexibility, health care choices, company provided lunches, and ping pong tables can all affect how […]
American Health Care Bill: What does it mean for Pre-tax Benefit Accounts?
Almost eight years after the passage of the Affordable Care Act, Republicans put forth their plan to repeal and replace it in the form of the The American Health Care Bill. While there are many different perspectives and certainly pros and cons to the bill as a whole, we will focus on the impact the […]
Five Basic Questions to Ensure Your Receipt Is Accepted
You enrolled in a Flexible Spending Account (FSA) and made your election for the year. A month into the plan year, you have an eligible dental expense and use your benefits card to pay it. A week passes and you receive a request for documentation of the expense. You quickly pull out the BRiMobile app, snap […]
New Health Care Financing Solutions For Small Employers
The 21st Century Cures Act was signed into law on December 13, 2016, establishing a “Qualified Small Employer Health Reimbursement Account” (QSEHRA). Under this law, qualified small employers will be permitted to reimburse employees for insurance premiums and other qualified medical expenses defined by Section 213(d). This is welcome news for many small employers. However, […]
Taxes, Policies, and Politics
The political cycle is in full swing (exciting I know). Tax deductions, tax liability, health care, tax code reform, and childcare are all buzz words you will hear throughout the election cycle. You may have heard some political figures mention Health Savings Accounts (HSA), or Flexible Spending Accounts (FSA) as part of their Health Care Plan. Child […]
Ideas for a Better Physical, Mental and Financial Health in 2015
With January coming to an end, so too is “National Weight-loss Month”. You start out the year ambitious. You are going to workout. Eat better. Make a better you. Then, you have a slip-up. By late January, most people have given up altogether. It is estimated that 85-95% of all New Year’s Resolutions fail. The […]
Understanding Plan Trends this Enrollment Season
Somewhere between the occasional days of summer fun and working through the daily grind, year-end has once again come upon us. For many of us, it means we will be bombarded with information regarding benefit options. While the specific options provided may vary, there are several key trends that are occurring this enrollment season. Key […]
Will HRAs Survive Healthcare Reform?
Since the passage of Health Care Reform, we have kept close watch on the treatment of Health Reimbursement Accounts (HRAs) and what will be considered an “Integrated HRA.” Understand the difference and if your HRAs will survive healthcare reform in 2014 and beyond. Background Under Health Care reform legislation (specifically PHS Act section 2711), health […]
