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FSA eligible expenses — what purchases count?

Business Management Daily

They may also be questioning whether they have a need for an FSA and if so, how much they should choose to have deducted each month. Here is what you need to know to figure out if an expense is FSA eligible. Limited Purpose FSA: An FSA that covers out-of-pocket costs for dental and vision care, but not standard medical care.

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8 Ways Employers and Employees Can Save On Prescription Medications

Griffin Benefits

With over half of today's workforce enrolled in high-deductible health plans (51%), a majority of insured individuals are now on the hook for deductibles of at least $1,400. In doing so, you'll be helping them to become better consumers of healthcare and more satisfied enrollees in high deductible health plans. Pill-splitting.

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Benefits Advocate: The Secret to Healthcare Literacy and Cost Control

Corporate Synergies

If an employee calls to ask what their emergency room visit deductible is, for example, a benefits advocate will provide that information and also educate the caller on when it’s appropriate to go to the emergency room versus using urgent care. VIDEO: Understanding Employee Engagement in Health & Wellness.

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“Free” COVID tests are causing headaches for employers

Business Management Daily

We’ve written many times about the tax code’s prohibition on double-dipping — getting a double tax benefit on the same tax item, like taking a deduction and a tax credit for the same wages paid to the same employee. Employees, on the other hand, would probably prefer safe harbor #1, since they incur no immediate out-of-pocket costs.

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How Your Employees Can Get Free COVID Test Kits

InterWest Insurance Services

But for employees in your group health plan, they have many options for obtaining a test with no out-of-pocket costs. Under an executive order issued by President Biden, employees in a group health plan are eligible to receive COVID-19 at-home test kits with no cost-sharing, copay, coinsurance or deductible.