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HSA vs. FSA - What's the Difference?
The difference between an HSA and an FSA the most important differences between an HSA and an FSA are as follows. An HSA is owned and controlled by the individual, whereas an FSA is owned and...
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Pros and cons of group health insurance
Group health insurance is a well-known, popular health benefit option. Most full-time workers have heard of group health insurance if not having been directly enrolled in a policy. Because of its...
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Best Practices for Employee Retention and Recruitment
It seems like every week, a new article is published telling you why you should care about employee retention. It's an important topic, and the baseline for employee satisfaction changes continually....
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Special Enrollment Periods for HRAs
Previously, offering a health reimbursement arrangement (HRA) came with difficulty for businesses whose employees didn’t already have health coverage.
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Group HRA vs Excepted Benefit HRA
On June 13, 2019, the final rule from the federal government regarding health reimbursement arrangements (HRAs) was released. The ruling helped to clarify existing HRA rules as well as provide...
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2020 FSA Limits
For 2020, employees can contribute $2,750 to health FSAs, up from the 2019 limit of $2,700, the IRS said in Revenue Procedure 2019-44. The increase also applies to limited-purpose FSAs that are...
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What Health Insurance Premiums Can an HRA Reimburse?
Health Reimbursement Arrangements (HRAs) are federally regulated, employer-sponsored health benefit plans that allow participants to receive reimbursement for eligible out-of-pocket health-care...
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2020 QSEHRA Annual Report
Prefer to listen? Play the audio version of this article and follow along! (00:15) The new year has come and passed, and that signals the return of the annual usage report for the qualified small...
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Does My Employer Have to Provide Health Insurance?
A common question among employees is does my employer have to provide health insurance? The answer? Not necessarily. The health care reform law, called the Affordable Care Act (ACA), requires certain...
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The Top 5 Types of Employee Benefits
Many employers want to offer great benefits to employees, but which ones do employees love most? Here is a list of the top five types of benefits employers can offer to employees - each can be a...
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Health Insurance Reimbursements: What Are the Options?
Small business health insurance is getting more expensive every year. A popular and effective way to avoid these costs is to cancel group coverage and reimburse employees for individual health care...
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Employee Retention - The Top 10 Workplace Perks Employees Want
What do employees value with workplace perks? And do the perks motivate them to stay with the company? In a recent study, twenty-six percent (26%) of employees said that special workplace perks are an...
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The Difference Between HRAs and HSAs
In the health benefits industry, certain benefit options are often confused with one another. Two of the options most commonly mixed-up are HSAs (Health Savings Accounts) and HRAs (Health...
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2020 QSEHRA Annual Report on Nonprofit Organizations
The QSEHRA has been a demonstrably effective health benefits tool for businesses throughout the United States for several years now. However, nonprofit organizations have not received the same...
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Group Health Plan vs. Group Health Insurance Plan
The terms 'group health plan' and 'group health insurance plan' are often used interchangeably, but in fact, they mean different things. This article provides the definitions of a group health plan...
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Is a health reimbursement arrangement a good fit for my organization?
Are you looking into offering health benefits and want to figure out an affordable solution? Or do you already offer benefits, and you’re looking into alternative options? In either case, a Health...
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6 Answers to Common HSA Questions
If you have questions about the regulations behind your health savings account (HSA), you are not alone. There is quite a bit of confusion regarding contribution and distribution rules for HSAs—and...
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How the QSEHRA works for spouses
One advantage of the qualified small employer health reimbursement arrangement (QSEHRA) is that employee spouses can receive value from the benefit, regardless of their situation. Though spouses don’t...
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The CARES Act effect on HRAs, HSAs, and FSAs
What is the CARES Act? The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), is a bill passed by the U.S. federal government on March 27, 2020. The purpose of the act is to address...
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How California's individual mandate affects you
Various state-wide individual mandates have gone into effect in 2020, including California’s, that will ultimately impact residents whether they are insured with a major medical plan or not....
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