What Happens if I Don’t Use My FSA Funds by the End of the Plan Year?
Posted: May 13, 2024
Given the complexities associated with the health insurance industry in the United States, more people are turning to tax-advantaged alternatives like Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). Employers offer FSAs as part of a group benefits package. Unfortunately, funds in an FSA are subject to a “use-it-or-lose-it” rule, where unused funds are forfeited at the end of the plan’s term. Therefore, strategic...
10 Group Benefits with Tax Credits
Posted: April 13, 2024
With Tax Day just around the corner, many businesses are looking for ways to maximize employee tax savings and benefits. While it may be too late to enjoy these tax savings for 2023, there are still valuable opportunities to explore for future tax years. Here are 10 group benefits options that receive tax credits that your business should consider: 1. Health Insurance Offering health insurance...
Take the Leap: Group Benefits that Elevate the Employee Experience
Posted: February 28, 2024
Once every four years, we get to experience the unique event of a leap year, which adds an extra day to our calendars, making February a 29-day month. As we approach this rare occurrence, it's worth drawing a parallel between it and the challenge of finding the right employees for your company. Just like a leap year, securing top talents doesn't happen every day, but...
A Health Insurance Guide for Low-Income Individuals & Families
Posted: January 25, 2024
Navigating the world of health insurance can be challenging, especially for individuals and families with limited financial resources. There exists a range of affordable programs and options that are designed to offer good coverage options. Here’s a guide to help low-income individuals and families access the healthcare they need: Medicaid: A Vital Safety Net Medicaid is a state and federally-funded program that offers health coverage...
New Coverage in the New Year? Remember to Do These Five Things
Posted: January 10, 2024
As we welcome the New Year, it's a critical time to revisit your health and wellness objectives in relation to your insurance coverage. By being ahead of potential issues, you can maintain your safety and prevent future troubles. Here are five essential things to remember as you consider new coverage in the New Year: 1. Update Your Insurance Policy Information Life is dynamic, and so...