A Health Reimbursement Arrangement (HRA) is an employer funded benefit that is used to reimburse employees for medical expenses as defined in IRS Code 213(d). A Health Reimbursement Arrangement (HRA) is an employer funded benefit that is used to reimburse employees for medical expenses as defined in IRS Code 213(d). You as an employer are…
Last week the IRS released the inflation-adjusted limits for Health Savings Accounts (HSAs) in 2018. The increases for the 2018 are as follows: Annual Contribution Single: $2,450 Family: $6,900 HSA Minimum Deductible Single: $1,350 Family: $2,700 HSA Maximum Out-of-Pocket Expenses Single: $6,650 Family: $13,300 Looking Ahead If the ACA replacement bill…
Do the majority of your employees have monthly out-of-pocket parking and transit expenses to get to and from work? P&A offers a commuter plan that allows your employees to set aside pre-tax dollars to use for these expenses. Do the majority of your employees have monthly out-of-pocket parking and transit expenses to get…
You’ve received the glossy brochures. You’ve heard the sales pitch, you’ve shook hands, and you’ve received promises of lower costs, increased efficiency and less “headaches.” Naturally, you decide to give a new vendor a chance – why not – and you sign up for a new service. It’s too good an opportunity to miss. Or,…
April 3 is recognized as National Employee Benefits Day (NEBD) by the International Foundation of Employee Benefit Plans, a nonprofit organization which provides research and education to the benefits community. This year, NEBD emphasizes communication and examines how important benefit choices and changes are provided to employees. We are sharing some communication tips and practices…
How to Use Your 2016 Funds Before March 15! If your Flexible Spending Account (FSA) plan is on a calendar plan year (January 1 – December 31) and your plan offers the grace period, you have until March 15, 2017 to spend any unused money currently available in your 2016 Health FSA. After March 15,…