Dec 4, 2020 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health Savings Accounts (HSAs), MedBen Access, Online Services
MedBen has partnered with FSA Store and HSA Store, the largest online marketplace for FSA and HSA products. The FSA and HSA Stores: Remove the guesswork of determining if purchase qualifies for reimbursement; Offer a 100% product eligibility guarantee. December 31,...
Nov 10, 2020 | Announcements, Consumer-driven Health Plans, Flexible spending accounts (FSAs), MedBen.com, Over-the-counter (OTC) drugs
If your plan has a January effective date and you offer a flexible spending account (FSA), it’s a good time to remind members that December 31, 2020 is the final day they can use any remaining 2020 funds. Additionally, for most plans, March 31, 2021 is the last...
Oct 29, 2020 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), IRS, News
The IRS has announced 2021 cost-of-living adjustments for certain tax provisions related to consumer-driven plans: The limit on voluntary employee salary reduction contributions to a health flexible spending account (FSA) remains unchanged from 2020 at $2,750. The...
Aug 21, 2020 | Announcements, Consumer-driven Health Plans, Flexible spending accounts (FSAs), MedBen Access, MedBen WellLiving, Preventive Care, Wellness
MedBen will be closed on Monday, September 7 in observance of Labor Day. We will reopen at 8:00 a.m. EST Tuesday, September 8. Even when we’re closed, MedBen Access stays open. You can find fast answers for your claims and benefits questions by going to our online...
Jun 9, 2020 | Announcements, Consumer-driven Health Plans, Health Savings Accounts (HSAs), IRS
The IRS recently announced its annual cost-of-living adjustments affecting health savings accounts (HSAs) for calendar year 2021. HSA Contribution Limits – The annual HSA contribution limit for individuals with self-only HDHP coverage increases to $3,600, while the...
Apr 7, 2020 | Announcements, Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), Health Savings Accounts (HSAs), News, Over-the-counter (OTC) drugs, Prescription, Regulatory
The CARES Act signed into law by President Trump on March 27 permanently reinstates coverage of over-the-counter (OTC) medications as eligible for reimbursement from FSAs, HRAs and HSAs without need for a prescription. Under the reinstated coverage, account funds can...
