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
Category: Flexible Spending Accounts
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
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
Employer Savings Case Study: How to Increase Your FSA Participation
P&A Group helps grow your FSA plan with educational tools for participants. With rising healthcare costs, companies are taking a closer look at employer savings strategies. For example, one area worth examining is Flexible Spending Accounts. Yes, that’s right – Flex plans offer significant saving opportunities, especially for medium to large size employers. Here’s what… Continue reading Employer Savings Case Study: How to Increase Your FSA Participation
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
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
FSA Login & Other Tools for First-Time Users
Whether you’re trying to get your FSA login or you need to submit a claim, we're here to help you navigate your plan. Here are five things that will help you manage your account. FSA Login In order to log into your FSA account, you must first create your login credentials. To establish your FSA… Continue reading FSA Login & Other Tools for First-Time Users
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
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
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