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ECFC Requests Congressional Leadership Include Cadillac Tax Repeal in Year-End Legislation

12/06/2019 By admin

[ad_1] ECFC Requests Congressional Leadership Include Cadillac Tax Repeal in Year-End Legislation Wednesday, December 4, 2019   (0 Comments) Posted by: Staff ECFC sent  this letter to the leadership of the House of Representatives and the Senate, with copies to the leaders of the House and Senate […]

Filed Under: ECFC Updates, Health Savings Account

How Much Should I Contribute To My HSA?

12/05/2019 By admin

[ad_1] During enrollment season, people who own a Health Savings Account (HSA), or have recently opened one, wonder, “How much should I contribute to my HSA?” HSAs are a unique tax-advantaged tool for healthcare consumers to pay for qualified healthcare expenses. Understanding how funding works with this account is key to answering the contribution question. […]

Filed Under: Health Savings Account

FBI Releases an Intelligence Bulletin Outlining Methods Used to Commit Fraud Against HSAs

11/29/2019 By admin

[ad_1] FBI Releases an Intelligence Bulletin Outlining Methods Used to Commit Fraud Against HSAs Friday, September 27, 2019   (0 Comments) Posted by: Staff Several HSA service providers (including some ECFC members) have become victims of fraud relating to the establishment of new HSA account programs […]

Filed Under: Health Savings Account

ECFC Submits Comments to Treasury Department on Modification of the FSA Carryover Rule

11/15/2019 By admin

[ad_1] 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 review the FSA carryover rules to determine whether the rules […]

Filed Under: ECFC Updates, Health Savings Account

HSA as a Financial Planning Tool | Healthcare Business Today

08/12/2019 By admin

[ad_1] Why Millennials Should Embrace HSA as a Financial Planning Tool June 22, 2019 By Thomas O’Banion Originally Posted on Healthcare Business Today A Health Savings Account (HSA) is a smart investment for anyone at any age.  But for Millennials in the early stages of their adult lives, opening an HSA in conjunction with a […]

Filed Under: Health Savings Account

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Are you Aware of Transit Benefits?

Commuter Company Benefits

Transit / Transportation Company Benefit Up to $260/month* for transit benefit expenses The Commuter Transit Account / Transportation company benefit is a pre-tax benefit account used to pay for public transit—including train, subway, light rail, bus, and ferry—as part of

breakdown of benefit options:

Employee Benefit Plan Type Comparison

Flexible Spending Account, Health Reimbursement Arraignments, & Health Savings Account Comparison The chart below is a brief comparison of the various components of each of these important health care options. Description FSA HRA HSA History IRS Code … more

Savings

Employee Benefits and Tax Savings

Benefit to Employee HOW DOES THE EMPLOYEE BENEFIT? The employee can choose to participate in the plan or not. If the employee participates in the plan part of his/her taxable wage is converted into tax-free benefits. This can be a big tax savings for the employee and … more

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