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There are two plan design issues: You may run afoul of the Mental Health Parity and Addiction Equity Act of 2008 if you reimburse for medically necessary travel but not for travel related to employees’ mental health. Employees can use healthsavingsaccounts to cover the cost and you can contribute to those, too.
Even amid economic uncertainty caused by the pandemic, only 18% of employers say they will shift more healthcare expenses to employees, such as raising deductibles or co-pays. In fact, 57% of survey respondents will make no changes whatsoever to the cost of their health plans in 2021.
Healthsavingsaccounts are designed for the long term, but most employees use funds for current healthcare expenses. Healthsavingsaccounts (HSAs) continue to increase in popularity, but not without issues for both employees and employers. From 2008 to 2018, the total amount deposited in HSAs rose from $5.3
Healthsavingsaccount (HSA) eligibility is determined on an individual basis. If the employee is enrolled in a qualifying high-deductiblehealth plan (HDHP) , does not have any disqualifying coverage, and cannot be claimed as another’s tax dependent, the employee is eligible to contribute to an HSA.
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