Dec 28, 2020 | Consumer-driven Health Plans, COVID-19, Dependent care assistance plan (DCAP), Flexible spending accounts (FSAs), IRS, Regulatory
The Consolidated Appropriations Act of 2021 (also called the COVID-19 relief bill) includes temporary provisions that allow employers to provide for a carryover of unused health flexible spending arrangements (FSA) and dependent care assistance flexible spending...
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...
May 29, 2020 | Coronavirus, COVID-19, Flexible spending accounts (FSAs), IRS
The IRS recently released two notices of interest to employers offering flexible spending accounts (FSAs). Notice 2020-29 relates to cafeteria plan elections and FSA grace periods, both of which are optional. These plan amendments must be adopted before December 31,...
