Apr 5, 2021 | COVID-19, Flexible spending accounts (FSAs), FSA Store, Health reimbursement arrangements (HRAs), Health Savings Accounts (HSAs), Personal protective equipment (PPE)
The IRS has announced that purchases of personal protective equipment (PPE) qualify for reimbursement under a health flexible spending account (FSA), health reimbursement arrangement (HRA), or health savings account (HSA). Eligible PPE products now include paper and...Feb 5, 2021 | Flexible spending accounts (FSAs), Health Savings Accounts (HSAs), MedBen Access, Mobile App, Online Services, Prescription, Wellness
Checking claims and benefits information is easier than ever through the MedBen Access mobile app. Search for “MedBen” in the Apple App Store or Google Play to download to your smartphone or tablet. In addition to claims status and benefit coverages, the app allows...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,...Sep 3, 2020 | Announcements, Compliance, Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), IRS
MedBen Compliance has updated its High Deductible Health Plan (HDHP)/Health Savings Account (HSA) summary to include 2021 IRS guidelines. In 2021, the HDHP minimum required deductible will remain at $1,400 for self-only coverage ($2,800 for family coverage), while the...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...