The Internal Revenue Service advised that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, … [Read more...]
401k Hardship Distribution Changes
September 4, 2019
The Bipartisan Budget Act of 2018 will modify the way your 401k hardship distributions are handled after January 1, 2019. Plan Amendments will be needed to … [Read more...]
An Overview of COBRA On-Demand
August 21, 2019
Check out this infograph that provides an overview of the COBRA administration process. Our COBRA On-Demand experts can keep you in … [Read more...]
Protecting Your Plan Assets with an ERISA/Fidelity Bond
August 19, 2019
To comply with ERISA, every fiduciary of an employee benefit plan and every individual who handles plan funds must be bonded. Being bonded protects plan assets … [Read more...]
HSAs and Flex Plans Don’t Mix!
August 19, 2019
If you or your spouse contribute to a FULL Medical FSA, neither of you can have contributions to a Health Savings Account (HSA) during the calendar … [Read more...]
Medical Mileage Reimbursement
August 19, 2019
Did you know that mileage for travel, primarily for medical care, can be reimbursed from a medical Flex Spending Account (FSA) or a Health Savings Account … [Read more...]
Eligibility Requirements for FSA Reimbursement
April 9, 2019
A Flexible Spending Account (FSA) is funded by pre-tax contributions, therefore the IRS requires participants to comply with guidelines for reimbursement … [Read more...]
