Using HSAs, Health FSAs and HRAs for Over-the-Counter Items
Do you know about using HSAs, Health FSAs and HRAs for over-the-counter items? Health savings accounts (HSAs), health flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) may provide tax-free reimbursements of certain over-the-counter (OTC)...
Read MoreIRS Warning about HSA’s, Health FSA’s, and HRA’s
IRS Warning: HSAs, Health FSAs and HRAs Cannot Pay for Personal Health and Wellness Expenses The IRS recently issued a bulletin to remind taxpayers that tax-advantaged medical savings accounts, such as health flexible spending accounts...
Read MoreTop Priorities and Challenges for 2024 Open Enrollment
Top Priorities and Challenges for 2024 Open Enrollment Do you know the top priorities and challenges for 2024 open enrollment? New research from digital media company Arizent revealed employee benefits leaders’ biggest challenges and strategies...
Read MoreGuidance on Wellness Indemnity Payments
IRS Issues Guidance on Wellness Indemnity Payments. On June 9, 2023, the IRS released OCC Memo 202323006, which advises that wellness indemnity payments under a fixed indemnity insurance policy are wages for purposes of Federal...
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