The HSA / HRA / FSA Administration & Finance community showcases the latest news and innovative trends employers use and the best technology platforms available for administering and financing personal-care accounts (FSA/HSA/HRA). The community features articles, press releases, white papers, case studies, blogs, videos and podcasts.
But even though employers have offered FSAs as part of their benefit plans since the 1970s, plan design options have recently changed. In 2013, the U.S. Treasury Department and IRS made some changes to FSAs that make the plans a bit more flexible.
With health savings account assets growing rapidly to almost $23 billion among 12 million accounts, HSAs have been increasingly in the spotlight lately. With their new-found fame, many have wondered how to classify HSAs: are they a spending account or a savings account?
Now that some of the bigger issues related to health care reform have simmered down, attention is turning to provisions of the ACA that go into effect in 2018. Specifically, Wells Fargo clients have begun asking about the impact to their health savings account programs of an excise tax on
The Affordable Care Act (ACA) created many changes and opportunities within the health care system, including payment processing. Payments come from many different entities, including employers, individuals, health plans and the government, and the types of payments are varied, as well, covering premium payments, subsidies, wellness dollars, patient responsibility amounts,
Evolution1 – a WEX Company, a leading provider of cloud-based, consumer-directed health care and defined contribution payments and technology solutions, continues to strengthen its partner base with the addition of marquee partners such as CBIZ, Inc.
Innovative multi-bank HSA platform from Alegeus boasts the industry’s most flexible HSA banking network, giving consumers ultimate flexibility to choose the HSA custodian that is right for them
Innovative payment program now being piloted in select markets
In a white paper released by Change Healthcare, 91 percent of employees with families and 65 percent of employees overall would have spent less under a CDHP than a PPO. Families averaged $140 per month in savings.
In 2008, PriceWaterhouseCoopers' research team surveyed senior executives at more than 100 large US-based multinational companies and more than 250 privately held small companies. The large companies each have an average of 8,000 employees and revenue of about $3 billion. The small employers each have
Recent changes in financial accounting reporting obligations have caused many employers, both public and private, to re-examine the overall economics of pre-funding retiree medical benefits.