Remove Blog Remove Flexible Spending Remove Out of Pocket Cost
article thumbnail

It’s Time for a Mid-Year Financial Check-Up

Money Talk

Last year, I wrote a blog post about mid-year financial check-up s for the OneOp Personal Finance team. In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexible spending accounts, financial goal progress, and investment portfolio status. have generally trended up.

401(k) 189
article thumbnail

IRS Loosens Preventive Care Coverage Rules

InterWest Insurance Services

New guidance issued by the IRS expands the types of preventive care benefits that high-deductible health plans are required to cover with no out-of-pocket costs on the part of plan enrollees. The changes are aimed at reducing out-of-pocket costs for diabetes-related expenses, certain cancer screenings and contraceptives.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HRA Gym Cost Reimbursement? Not So Fast Says IRS

InterWest Insurance Services

The bulletin focuses on medical savings accounts that employers will often sponsor, including flexible spending accounts (FSAs), health reimbursement arrangements (HRAs) and health savings accounts (HSAs), which are funded by employees’ untaxed earnings.

article thumbnail

How HRAs Can Help Your Employees Pay for Medical Expenses

InterWest Insurance Services

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Unlike HSAs and flexible spending accounts, though, HRAs are solely funded by employers.

Medical 90
article thumbnail

3 Ways to Survive Your Company’s Benefits Enrollment

Benefit Resource Inc.

But for those who don’t live in a daily world of healthcare jargon, what are out of pocket expenses? An out-of-pocket expense, according to HealthCare.gov , is “Your expenses for medical care that aren’t reimbursed by insurance. Flexible Spending Account. Co-pay or co-insurance health plan.

article thumbnail

My Life in Benefits Age 45: Mammogram Screening

Benefit Resource Inc.

In the mean time, it is a comfort to know that our HSA is there to cover any unexpected out-of-pocket costs. If you liked this blog, you may also like: Negotiating Your Healthcare Bills. 4 Steps to be a Smart Healthcare Consumer.

article thumbnail

7 ways to use up your FSA money in 7 days

Benefit Resource Inc.

One of the most common employer-provided benefits is a Flexible Spending Account (FSA). If you still have outstanding out-of-pocket costs from 2018, you may be able to pay some of them with your FSA. If you took the advice in our last blog , you know to be careful when things get icy. Brace yourself.