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Category: Reimbursement Accounts

Get tips on how to strategically use Flexible Spending Accounts, Health Savings Accounts, Health Reimbursement Arrangements and more.

Reimbursement Accounts

FSA Mistakes to Avoid: Spouse & Dependent Rules

If both you and your spouse have elected to participate in either Healthcare Flexible Spending Accounts (Healthcare FSAs) or Dependent Care Accounts (DCAs), there are specific rules for annual cont...

Reimbursement Accounts

Why is documentation required for every HCFSA purchase?

FSA and HRA participants often struggle with documentation requirements, but the solution is simple: every purchase must be substantiated to ensure compliance and proper account use.

Reimbursement Accounts

HSA Mistakes to Avoid: Spouse Rules

HSA Rules for married spouses can be confusing, especially if spouses have more than one reimbursement account, or if they work for the same employer.

Reimbursement Accounts

How Your HSA Can Help You Prepare for Retirement

Did you know that a Health Savings Account (HSA) can help you prepare for retirement?

Reimbursement Accounts

How much should you contribute to your HSA?

Learn how to determine the ideal contribution amount for your HSA, maximizing your healthcare savings and tax benefits effectively.

Reimbursement Accounts

What Are Dependent Care FSA-Eligible Expenses?

Discover which expenses qualify for reimbursement under a Dependent Care FSA, including daycare, summer camps, and elder care, to help you maximize your savings.

Reimbursement Accounts

How HSAs Can Benefit Single Parents

A Health Savings Account (HSA) may benefit single parents by helping them manage medical expenses, save for emergencies, and support physical and mental health. Share this with your employees to he...

Reimbursement Accounts

FSA Carryovers, Grace, and Runoff Periods Explained

“Use or Lose!” – Deciphering the difference between carryover provisions, grace periods, and runoff periods.

Reimbursement Accounts

Avoid Losing Unused FSA Funds: Key Tips

While FSAs must adhere to the “use-or-lose” rule, employers may offer one of two options to help you avoid having to forfeit your unused funds.

Reimbursement Accounts

2025 Reimbursement Account Limits Announced

The IRS announced annual inflation adjustments for FSAs and HSAs. These increases are effective for plan years beginning January 1, 2025, and later.

Reimbursement Accounts

Dependent Care Account (DCA): Basics & Benefits

Learn how a Dependent Care Account (DCA) can help you save on taxes and manage childcare or eldercare expenses. Discover eligible uses, contribution limits, and how DCAs support work-life balance f...

Reimbursement Accounts

The Top 7 of 2024: FAQs on HSAs

HSAs can be confusing to navigate. But understanding the perks of these accounts can lead to job satisfaction in several ways. It may help employees feel valued, make informed decisions about their...

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