1.5 minute read

The IRS issued a bulletin which reminds taxpayers that tax-advantaged medical savings accounts (health flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and...

1.5 minute read

The IRS issued Notice 2024-2 which gives guidance regarding the “SECURE 2.0” Act. SECURE 2.0 is part of the Consolidated Appropriations Act of 2023 which was signed in December of...

3.5 minute read

A Health Savings Account (HSA) is a powerful tool for employees to save money. It can be used to cover qualified medical expenses such as deductibles, co-pays, dental and vision...

1.5 minute read

Employers are starting to recognize that employee well-being is important to achieving long-term success. Financial wellness programs have become a valuable tool for employers to...

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President Biden signed a resolution which ended the COVID-19 national emergency as of April 10, 2023. Both the national emergency and public health emergency (PHE) were supposed to...

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An Employee Benefit Research Institute study found that retirees will need to save hundreds of thousands of dollars to cover Medicare costs. These costs include prescription drugs,...

This is an update to our December 2016 blog post (IRS Updates Will Impact School, City and County HRA Plans in 2017) regarding IRS Notice 2015-84 – Dependents seeking reimbursements from an HRA.

There are two changes effective January 1, 2017, for those schools, cities and counties who have an “Integrated” HRA Plan. Integrated HRAs are Health Reimbursement Arrangements tied to health...

Many schools, cities and counties offer early retirees the option to continue on their group health insurance plan. They may also consider using a High Deductible Health Plan with an HSA (Health...

School districts, cities and counties have historically provided some type of employer-paid health insurance benefit for early retirees – those retiring prior to age 65 – as a bridge from early...