Category: Reimbursement Accounts
Get tips on how to strategically use Flexible Spending Accounts, Health Savings Accounts, Health Reimbursement Arrangements and more.
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...
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...
Reimbursement Accounts
Should You Invest Your HSA?February 27, 2020
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.
Reimbursement Accounts
Top 5 Reimbursement Claim Denial ReasonsFebruary 03, 2020
Avoid common FSA reimbursement claim denials with these tips. Learn how to submit documentation, check eligibility, and stay within your plan limits.
Reimbursement Accounts
What can employers do with unused FSA funds?January 20, 2020
Healthcare Flexible Spending Accounts (or Healthcare FSAs) can be a great way to help your employees pay for covered medical expenses. But what happens if your employees don’t use all their funds b...
Reimbursement Accounts
FSA Mistakes to AvoidSeptember 20, 2019
The rules surrounding Flexible Spending Accounts (FSAs) can be complex. Here are some of the most common rules to know.
Reimbursement Accounts
Bridge the Generation Gap with Reimbursement AccountsJune 05, 2019
Millennials are projected to become the largest overall generation this year, and some studies predict the generation after them, Gen Z, will prove even larger. With this in mind, it’s important to...
Reimbursement Accounts
IRS Announces 2020 HSA Limits, HDHP GuidelinesMay 29, 2019
The Internal Revenue Service (IRS) recently announced in Revenue Procedure 2019-25 the contribution limits for Health Savings Accounts (HSAs), and guidelines for HSA-Qualified High Deductible Healt...
Reimbursement Accounts
Understanding FSA Benefits Debit Card SubstantiationMay 14, 2019
An American Fidelity Benefits Debit Card provides a convenient way to access reimbursement account funds. It’s designed to be quick and removes the need to pay out-of-pocket, but there are importan...
Reimbursement Accounts
6 Requirements for Health Savings Account ParticipationDecember 11, 2018
High-deductible health plan and Health Savings Account (HSA) enrollment reached 21 million members in 2017 and is expected to continue to climb. But, because the Internal Revenue Code (IRC) sets sp...
Reimbursement Accounts
How to Educate Your Employees on HSAsApril 02, 2018
Many companies have shifted to offering a Qualified High Deductible Health Plan (HDHP) with Health Savings Account (HSA) for employees. Because HSAs are different from Flexible Spending Accounts (F...