Opening a Health Savings Account (HSA) could be the best healthcare and retirement planning decision you ever make.Health Savings Accounts and like nothing else in existence when it comes planning for managing healthcare costs – now and in the future.The Power of an HSA is so unique, just take a look at the HUGE key features:• Money you contribute is income TAX FREE !!• Money grows in this account TAX FREE !!• Money in your HSA used to pay for qualified health expenses … [Read More...]
Latest HSA News
Bills Now in House and Senate to Allow Reimbursement for OTC Drug Expenses
Bills Now in House and Senate to Allow Reimbursement for OTC Drug Expenses Thursday, April 11, 2019 (0 Comments) Posted by: Martin Trussell Last month, Reps. Ron Kind (D-WI), Grace Meng (D-NY), … [Read More...]
IRS Expands Preventive Care Allowed Under HDHPs
With the issuance of Notice 2019-45 on July 17, 2019, the Treasury Department and the Internal Revenue Service (IRS) have expanded the types of preventative care that can now be covered under a High Deductible Health Plan (HDHP) for people with certain chronic … [Read More...]
IRS Issues Guidance On Preventive Care And Health Savings Account Plans
If you’ve grown tired of digging into your wallet to pay for out-of-pocket medical expenses, you might be getting a break. The Internal Revenue Service (IRS) has added care for some chronic conditions to the list of preventive care benefits that may be provid…Read More … [Read More...]
Latest Benefit News & Updates
Employers focusing on mental health benefits
WASHINGTON — Mental health conditions impact one in five people in the workforce, which is why well-being programs should be top of mind for employers looking to improve access to care and break down the stigma surrounding behavioral health problems. “We have a long way to … [Read More...]
Reps. Kind, Meng, Walorski, and LaHood Introduce Bill to Lower Health Care Costs
WASHINGTON – On Wednesday, U.S. Reps. Ron Kind (D-WI), Grace Meng (D-NY), Jackie Walorski (R-IN) and Darin LaHood (R-IL) introduced the bipartisan Restoring Access to Medication Act, which will improve access to care and help families afford the medications and other health … [Read More...]
The House Votes to Repeal Cadillac Tax by an Overwhelming Majority
The House Votes to Repeal Cadillac Tax by an Overwhelming Majority Wednesday, July 17, 2019 (0 Comments) Posted by: Martin Trussell This evening, the House of Representatives … [Read More...]
Latest News From Across The Industry
Client-Focused, Market-Driven Reorganization Announced by DataPath
LITTLE ROCK, ARKANSAS (October 22, 2019) – DataPath, Inc., a leading developer of technology solutions for employer-sponsored benefits administration, announced today the completion of a reorganization to more closely align the company’s leadership structure with its client-focused, market-driven approach to product and … [Read More...]
ECFC Submits Comments to Treasury Department on Modification of the FSA Carryover Rule
ECFC Submits Comments to Treasury Department on Modification of the FSA Carryover Rule Friday, November 1, 2019 (0 Comments) President Trump issued an Executive Order in June, which included a directive that the Treasury Department … [Read More...]
DataPath Wins Gold for Captain Contributor Video
DataPath employee engagement program earns gold award for HRA video LITTLE ROCK, ARKANSAS (November 7, 2019) – DataPath, Inc., a leading technology solutions provider in the employer-sponsored benefits industry, announced today that its employee education and engagement program, The Adventures of Captain Contributor, has … [Read More...]
2020 FSA Contribution Limits Raised to $2,750
The IRS announced on November 6, 2019, contribution limits for Flexible Spending Accounts (FSAs) and other tax-advantaged benefits will go up next year. Learn more about 2020 FSA contribution limits below. 2020 FSA Contribution Limits According to the IRS, the 2020 FSA contribution limits have been increased by $50. … [Read More...]
Tax Reform Bill Clears House Ways and Means Committee; Senate Finance Committee Releases its Version
Tax Reform Bill Clears House Ways and Means Committee; Senate Finance Committee Releases its Version Friday, November 10, 2017 (0 Comments) Posted by: Martin Trussell Share | Yesterday, the House Ways and Means Committee … [Read More...]
Commuter Benefits – Tax Savings, Expenses, Advantages, and More
For most people, the transportation costs associated with getting to and from work aren’t in the same ballpark as healthcare costs. Yet, fuel costs, vehicle maintenance, parking fees, transit fares, and other associated expenditures can still add up to a sizeable expense for many. To ease this financial burden for America’s … [Read More...]