Employee Benefits

The financial wellness of your employees is a contributing factor to their success and happiness. And it also impacts your company’s productivity. According to a WEX Health report, nearly 20 percent of employees reported that they lacked confidence in their...

The potential to save is just as important as the time that’s spent to save, and that applies to your employee benefits offerings. By providing an easy-to-use employee benefits experience, you’re encouraging your employees to participate and save, helping you...

In March, many Americans let out a sigh of relief when the IRS announced it was extending the deadline for taxpayers and businesses to file their 2019 taxes from April 15 to July 15 because of the COVID-19 pandemic. But...

COBRA can provide important health insurance security when you’ve experienced job loss or another qualifying event. And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility. In...

If you’re an employer with questions about how to navigate COVID-19 legislation (i.e., the Families First Coronavirus Response Act, the CARES Act and a flurry of new federal notices) while maximizing existing benefits, you’re not alone. We’ve been fielding four...

If you offer a Flexible Spending Account (FSA) or Health Reimbursement Arrangement (HRA), the IRS requires you to perform non-discrimination testing on these plans. The reason is simple: To ensure that there isn’t discrimination between highly compensated employees (HCEs)/key employees...

Before the COVID-19 epidemic, telemedicine (also called telehealth, digital medicine or digital health) was a revolutionary concept that was not used all that much in practice. Of course, everything has changed. The ability to visit with a healthcare provider virtually...

Nearly every state is relaxing its stay-at-home orders and is in the process of re-opening during the COVID-19 pandemic. Your clients or your business might also be weighing what a return to the office for employees looks like. Open enrollment is...

Since the COVID-19 pandemic struck the United States, nearly 40 million American workers have filed for initial unemployment aid. That makes up almost a quarter of the U.S. labor force. Among these, some employees have been laid off, some furloughed...

The IRS has released 2021 Health Savings Account (HSA) contribution limits and 2021 High-Deductible Health Plan limits as part of Revenue Procedure 2020-32. These limits are:  2021 HSA limits:  HSA 2020 2021 Self-only $3,550 $3,600 Family $7,100 $7,200 The 2021...