Despite High Deductible Health Plans (HDHPs) being around for two decades, employee satisfaction is not as high when compared to more traditional health plans. A recent Employee Benefit Research Institute survey found that only 52% of employees enrolled in an HDHP were extremely satisfied with their plan compared to 66% …
The IRS recently released a list of frequently asked questions (FAQs) regarding what expenses can be paid or reimbursed by a health savings account (HSA), health flexible spending account (FSA), or health reimbursement account (HRA). Typically, under Internal Revenue Code Section 213, expenses that qualify as medical care are eligible …
When preparing for open enrollment, it is important to understand your options. Health Saving Accounts (HSAs), Health Reimbursement Arrangements (HRAs), and Flexible Spending Accounts (FSAs) are often offered in conjunction with a health plan. Knowing the advantages of each can allow for an easier open enrollment process. Health Savings Account …
