Category: Reimbursement Accounts

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

How HSAs Offer Financial Benefits to Millennials

For millennials, a great way to offset medical costs and contribute to your overall wealth is with a Health Savings Account (HSA).

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HSA

Why is Substantiation Required for Certain Debit Card Expenses?

The Internal Revenue Code (IRC) allows participants to reduce their taxable income by participating in a Healthcare Flexible Spending Account (HCFSA).

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FSA

What to Do with Your HCFSA When Your Job Changes

When your employment ends, whether it was voluntary or not, access to your HCFSA also ends unless you’re eligible to continue coverage through COBRA.

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HCFSA
DCA
FSA
LPFSA

Should you invest your HSA?

Learn more about the pros and cons of investing your HSA, and why this may be a beneficial strategy to consider for your overall financial wellness.

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Retirement
HSA

Top 5 Reimbursement Claim Denial Reasons

Often, simple oversights or misunderstandings can result in claim denials for your Flexible Spending Account.

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FSA
HCFSA
DCA
LPFSA

What can employers do with unused FSA funds?

HCFSAs can be a great way to help employees pay for covered medical expenses. But what happens if they don’t use all their funds by the plan year end?

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FSA
HCFSA
DCA
LPFSA

FSA Mistakes to Avoid – Other Reimbursement Accounts

The rules surrounding Flexible Spending Accounts (FSAs) can be complex. Here are some of the most common rules to know.

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FSA
HSA
HCFSA
LPFSA
DCA

How Your HSA Can Help You Prepare for Retirement

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

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HSA
Retirement

Bridge the Generation Gap with Reimbursement Accounts

It’s important to make sure your benefits package reflects the needs of your changing workforce to encourage participation and stay competitive.

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FSA
HRA
HSA

IRS Announces 2020 HSA Limits, HDHP Guidelines

The Internal Revenue Service (IRS) recently announced in Revenue Procedure 2019-25 the contribution limits for Health Savings Accounts (HSAs).

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HSA

Understanding FSA Benefits Debit Card Substantiation

An American Fidelity Benefits Debit Card provides a convenient way to access reimbursement account funds.

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FSA
HCFSA
DCA
LPFSA

Why is documentation required for every FSA purchase?

Providing documentation is one of the most common points of confusion and frustration for FSA and HRA participants.

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FSA
HCFSA
DCA
LPFSA