Aug 1, 2024 | Cost Savings, Debit Cards, Flexible spending accounts (FSAs), FSA Store, Health care costs, Health flexible spending account (FSA), Savings
Offering your plan members a flexible spending account (FSA) option is not only an effective way to help them lower their health care spend (qualified purchases are made using tax-free dollars), but by adding a MedBen debit card, it’s a convenient way to do it!...
Jun 4, 2024 | Announcements, Consumer-driven Health Plans, FSA Store, Health Savings Accounts (HSAs), HSA Store, News
The IRS has announced its health savings account (HSA) contribution limits for 2025. The annual cost-of-living adjustments include a 3.6% increase in individual HSA contributions. This stands in sharp contrast to 2024, which saw a change of nearly 8% – the biggest...
Mar 28, 2024 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), FSA Store, Health reimbursement arrangements (HRAs), Member engagement, Mobile App, Online Services, Plan members, Substantiation
A flexible spending account (FSA) member can save up to 30% for every dollar they contribute. Likewise, health reimbursement arrangement (HRA) members can greatly lower out-of-pocket costs by using their employer-funded plan to pay for medical expenses. But...
Feb 16, 2024 | Flexible spending accounts (FSAs), FSA Grace period, FSA Store, MedBen Access, Mobile App, Online Services
If your health plan offers a grace period for members to use any remaining 2023 flexible spending account (FSA) funds, you’ll want to remind them that those funds will no longer be available after March 15, 2024. Any claims submitted before that date will...
Nov 9, 2023 | Blood pressure, Chronic conditions, Flexible spending accounts (FSAs), FSA Store, Hypertension, Preventive Care
As chronic conditions go, hypertension is one that many of us deal with on a daily basis. Nearly half of Americans adults in the U.S. suffer from high blood pressure, but only about 1 in 4 have the condition under control, many through the use of prescription drugs....
Nov 8, 2023 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), FSA Store, MedBen Access, Mobile App, Online Services
If your plan has a January effective date and you offer a flexible spending account (FSA), please remind your members that December 31, 2023 is the final day they can use their 2023 funds. The best way for FSA members to check their current balances is by visiting...
