Employee Benefits, Flexible Spending Accounts

Changing Your FSA Election During the Coronavirus Crisis

Some FSA participants may be allowed to change their FSA election(s) during the coronavirus pandemic. Recently, there have been many changes happening in the benefits industry to help provide relief for Americans impacted by COVID-19. Under IRS Notice 2020-29, employers can allow for mid-year changes to 2020 Health FSAs and Dependent Care FSAs. If your… Continue reading Changing Your FSA Election During the Coronavirus Crisis

Employee Benefits, Flexible Spending Accounts, P&A Group

P&A Group’s SmartFlex Program: How to Increase FSA Participation

P&A Group's SmartFlex e-mail program keep your workforce connected during Open Enrollment. Many employers and employees have quickly adapted to working from home during the coronavirus pandemic.  As the country continues to rebuild and operate in a COVID-19 era, many employees are still working remotely. With more employees home, communicating with your workforce is more… Continue reading P&A Group’s SmartFlex Program: How to Increase FSA Participation

P&A Group, Retirement Plan Services

CARES Act: Changes to Retirement Plans

The Coronavirus Aid, Relief and Economic Security Act, or CARES Act, contains important changes to retirement plan vehicles, including changes to defined contribution and defined benefit retirement plans. Americans can expect the following changes to retirement plans. Early Withdrawals Waived for Coronavirus-Related Distributions Under Section 2202 of the CARES Act, the 10% early withdrawal penalty is… Continue reading CARES Act: Changes to Retirement Plans

Employee Benefits, Flexible Spending Accounts, Health Care Reform, Health Reimbursement Arrangements, P&A Group

2020 CARES Act: Employee Benefits Update

President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act or CARES Act on Friday, March 27. This bill is intended to help Americans by providing some financial relief as we continue to face the coronavirus pandemic. We are especially happy to see these legislative changes provide greater flexibility for account holders.   Employees enrolled… Continue reading 2020 CARES Act: Employee Benefits Update

Employee Benefits, Flexible Spending Accounts, Health Reimbursement Arrangements

Coronavirus Testing & Treatment Identified as Preventative Care for HDHPs

Coronavirus testing is considered a preventive service for individuals under high deductible health plans (HDHP)s. On March 11, 2020, the IRS released guidance concerning the widespread COVID-19 coronavirus as it relates to the testing and treatment of individuals enrolled in a high deductible health plan (HDHP). The decision came swiftly due to the public health… Continue reading Coronavirus Testing & Treatment Identified as Preventative Care for HDHPs

Flexible Spending Accounts

California FSA Notice Requirement

Are you familiar with the new California FSA notice requirement for employers? If not, keeping reading.  Here’s everything you need to know about the new rule that went into effect on January 1, 2020. What is the California FSA Notice Requirement? Under Assembly Bill 1554, California employers must notify all FSA participants of their plan’s… Continue reading California FSA Notice Requirement

Employee Benefits, Flexible Spending Accounts, Health Reimbursement Arrangements, Pre-Tax Commuter Plans

Benefits Card: Five Things to Know Before You Swipe

Card terminal at a local physician's office where patients can use their Benefits Card for expenses. When your employer partners with P&A Group, your benefit plan will more than likely come with a P&A Group Benefits Card.  Your benefit plan may also cover your dependents' expenses – and they can have their own Benefits Card,… Continue reading Benefits Card: Five Things to Know Before You Swipe

Employee Benefits, Flexible Spending Accounts

FSA Grace Period & Other Rules to Know

FSA participant reviews her company's FSA plan rules online to see if her plan offers the FSA grace period. Whether Open Enrollment is already over or you’re in the middle of your plan year, it’s helpful to know if your FSA plan offers special provisions like an FSA grace period.  Understanding how your plan works… Continue reading FSA Grace Period & Other Rules to Know

P&A Group

5 Things We’re Thankful for this Thanksgiving

November – a time of reflection and gratitude; an appreciation for our blessings and our setbacks (for they sometimes offer the best lessons).  While many people are in the middle of Open Enrollment, or in the home stretch of finishing what is usually a busy time of year, Thanksgiving is, suddenly, here.  Before we’re filled… Continue reading 5 Things We’re Thankful for this Thanksgiving

Employee Benefits, Flexible Spending Accounts, Health Reimbursement Arrangements, Pre-Tax Commuter Plans, Retirement Plan Services

IRS 2020 Contributions Limits: What’s Changing

The IRS 2020 contribution limits were released on November 6, 2019. Here's what's changing for certain employee benefit plans beginning January 1, 2020. 2020 Contribution Limits for FSAs Health FSA  For 2020, the Health Flexible Spending Account annual maximum contribution will increase by $50 to $2,750 per plan year.  Adoption Assistance FSA The maximum amount… Continue reading IRS 2020 Contributions Limits: What’s Changing

Flexible Spending Accounts, Health Reimbursement Arrangements, P&A Group

P&A’s Mobile App Adds EZ Scan Eligibility Checker

Use EZ Scan to scan the barcode of any product to see if it's eligible or ineligible under IRS guidelines. Determining product eligibility just got a little easier thanks to the latest enhancement with P&A's mobile app. Using EZ Scan, participants can scan the barcode of any product to see if it's an eligible or… Continue reading P&A’s Mobile App Adds EZ Scan Eligibility Checker

Employee Benefits, Flexible Spending Accounts, P&A Group

Adoption Assistance FSA: Save Money as Your Family Grows

Enrolling in an Adoption FSA can save you significant money on adoption expenses. One of the biggest challenges facing families who are considering adoption is the cost. According to sources, parents can expect to spend at least $40,000 adopting one child. Luckily, resources like an Adoption Assistance FSA can help reduce expenses. If you're not… Continue reading Adoption Assistance FSA: Save Money as Your Family Grows

Employee Benefits, Flexible Spending Accounts

FSA Open Enrollment: 5 Ways to Reach Employees

An employee communication strategy is important to a successful FSA Open Enrollment. FSA Open Enrollment is in full swing for many employers and employee communication is more important than ever.  Effective employee communication impacts employee satisfaction by reducing uncertainty and confusion.  But, that’s not all.  How well benefits are communicated to workers is key for… Continue reading FSA Open Enrollment: 5 Ways to Reach Employees

Employee Benefits, Pre-Tax Commuter Plans

NJ Commuter Benefits to be Offered for Workers in 2020

In 2020, most New Jersey employers will be required to offer a pre-tax parking and transit plan. How to get to and from work can be challenging and expensive for many workers.  In order to ease the financial burden of commuting, many employers offer a pre-tax commuter benefits program for employees - also known as… Continue reading NJ Commuter Benefits to be Offered for Workers in 2020

Employee Benefits, P&A Group

6 Reasons to Partner with P&A Group

Do you find yourself swamped with participant complaints and questions?  Are employees’ accounts not accurate, leaving you with extra work to do? Do your phone calls and e-mails to your vendor go answered?  If the company you’re using isn’t working with you the way it should, then it’s time for a change.  Partnering with the… Continue reading 6 Reasons to Partner with P&A Group

Flexible Spending Accounts

FSA Savings 101: 5 Ways to Save

For many parents, back-to-school means juggling a new routine, extracurricular activities, and new school expenses: supplies, field trips, lunch money.  The costs add up quickly, but luckily there’s savings available –in unexpected places – if you look hard enough.  Take, for instance, your Flexible Spending Account or FSA.  Here are five ways to experience FSA… Continue reading FSA Savings 101: 5 Ways to Save

Employee Benefits, Health Reimbursement Arrangements

Health Reimbursement Arrangements: Why Employers Are Giving Them a Second Look in 2020

The IRS announced two new Health Reimbursement Arrangement options will be available in 2020. You may have heard the exciting news last month about Health Reimbursement Arrangements (HRAs) – or did you?  Recently, the IRS announced that employers will be able to offer two new variations of HRAs – the Individual Coverage HRA and the… Continue reading Health Reimbursement Arrangements: Why Employers Are Giving Them a Second Look in 2020

Employee Benefits, Flexible Spending Accounts, Health Reimbursement Arrangements, P&A Group, Pre-Tax Commuter Plans

P&A Group Mobile App: Built Just for You

Manage your plan(s) easily with the P&A Group mobile app - now available on the App Store and Google Play! You're a busy person and your time is valuable. That's why we built an app specifically with you in mind - one that's helpful and easy to use. The P&A Group mobile app offers easy… Continue reading P&A Group Mobile App: Built Just for You

Employee Benefits, Flexible Spending Accounts, P&A Group

Why Wait? P&A Group Offers a Mid-Year Plan Takeover

June is here and before we know it the busy fall season will be upon us.  But, as we try to savor the summer months, remember you can still make changes now ahead of annual Open Enrollment.  P&A Group, a Third Party Administrator or TPA, welcomes clients all year round – even if you’re in… Continue reading Why Wait? P&A Group Offers a Mid-Year Plan Takeover

P&A Group

Hilary Grace Foundation Receives $10,000 Donation from P&A Group

P&A Group presents donation to the Hilary Grace Foundation in May 2019. From left to right:  Sandra White, Michael Rizzo, Dr. Thomas White, Lizzie White. Not pictured: Joe Priselac. P&A Group first began supporting the Hilary Grace Foundation (HGF), a non-profit organization based in Buffalo, NY, last year.  The foundation is especially meaningful to our… Continue reading Hilary Grace Foundation Receives $10,000 Donation from P&A Group