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
Category: Flexible Spending Accounts
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
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
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
3 Reasons To Offer a P&A Group Flex Spending Account
Flex Spending Accounts are a value-added plan to any employee benefits package. Typically, most companies perform an annual review of their benefits package. During this time, HR departments and business owners evaluate the components of their benefits package. They consider factors like utilization rates, costs and overall value. These factors help guide business decisions for… Continue reading 3 Reasons To Offer a P&A Group Flex Spending Account
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
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
Open Enrollment is Here: 3 Ways to Reduce Anxiety
Open Enrollment only comes once year, and making decisions that will impact your bottom line for the next 12 months can be overwhelming and daunting. Where to start? What to do? According to a research survey conducted by Unum, nearly half of all U.S. workers spend only 30 minutes or less reviewing their benefits prior… Continue reading Open Enrollment is Here: 3 Ways to Reduce Anxiety