American Fidelity Blog
Compliance Updates
IRS Announces 2021 HSA Limits, HDHP GuidelinesMay 26, 2020
The IRS recently announced in Revenue Procedure 2020-32 the contribution limits for Health Savings Accounts (HSAs), and guidelines for HSA-Qualified High Deductible Health Plans (HDHPs) for 2021.
Reimbursement Accounts
How HSAs Offer Financial Benefits to MillennialsMay 19, 2020
For millennials, a great way to offset medical costs and contribute to your overall wealth is with a Health Savings Account (HSA).
Reimbursement Accounts
Why is Substantiation Required for Certain Debit Card Expenses?May 12, 2020
The Internal Revenue Code (IRC) allows participants to reduce their taxable income by participating in a Healthcare Flexible Spending Account (HCFSA). In exchange, the IRC requires proof for eligib...
Supplemental Benefits
Should you increase your disability coverage?May 07, 2020
Wondering if you should increase your disability coverage? Learn why your benefits don’t automatically rise with salary increases, how optional riders work, and tips for choosing the right coverage...
Supplemental Benefits
Paid Leave on the Rise: Why Disability Insurance Is Still ImportantMay 05, 2020
If you have access to state paid medical leave, you may question if you need supplemental disability insurance. The short answer is YES.
General
Tips for Dealing with Stress and UncertaintyApril 30, 2020
With the help of CuraLinc, American Fidelity’s Employee Assistance Program partner, we’ve put together tips to help you manage the days ahead.
Customer Stories
Daveen’s Story: Fostering HopeApril 23, 2020
Daveen, a teacher and mother, embraced foster care with her husband, George. They bonded deeply with Allison and her sister, preparing for adoption before life changed.
Supplemental Benefits
Good Forms 101: The Accident Claim FormApril 16, 2020
Filing accident insurance claims doesn’t have to be stressful. Learn how to file online, what qualifies as a covered accident, what documents to submit, and how to enroll in direct deposit. Get ans...
Benefits Strategy
Do you have a way to prove universal availability?April 09, 2020
More and more school districts are facing consequences because of 403(b) Plan compliance regulations. When it comes to proving that all employees are given the chance to make elective deferrals int...
Compliance Updates
Over-the-Counter Items & Menstrual Products Now Eligible for ReimbursementApril 03, 2020
On March 27, a $2 trillion economic relief package (CARES Act) was signed into effect. The Act allows HSA, FSA, and HRA participants to be reimbursed for the purchase of over-the-counter drugs and...
Benefits Strategy
Why Online Enrollment May Not Be EnoughApril 02, 2020
If your organization’s open enrollment results in stress and confusion, it could be due to a lack of enrollment options. Here are some reasons why an online-only enrollment process may not be the b...
Reimbursement Accounts
What to Do with Your HCFSA When Your Job ChangesApril 01, 2020
Are you confused about what to do with your Healthcare Flexible Spending Account (HCFSA) when your job changes? You’re not alone. When your employment ends, whether it was voluntary or not, access...