Do you pay for out-of-pocket healthcare expenses using a health savings account, health reimbursement account and/or a flexible spending account? Confused over which to use, how they overlap or whether to tap into them? You’re not alone. The rules can be complicated and unclear. If you’re not careful, you could leave money on the table. … Continue reading Know your HSA, HRA & FSA plans
An ounce of prevention is worth a pound of cure. Preventive healthcare is important, especially to identify and treat symptoms or diseases BEFORE they get turn into prolonged, expensive and potentially life-threatening situations. Now is the time to schedule your annual preventive care visit with your doctor. Employer and group insurance plans may not require … Continue reading Preventive Healthcare: Are you getting your free screenings?
If you have a Healthcare Flexible Spending Account, you may be familiar with the Use it or Lose It concept. What exactly does this mean for you? As you approach the end of the year, focusing on your Healthcare Flexible Spending Account now may help save you money before it’s too late. A Healthcare Flexible … Continue reading Use it or Lose It: Healthcare Flexible Spending Account
The open enrollment benefits period is the one time of the year employers allow you to make changes to your benefit elections with very few questions asked. Take advantage of it. It’s not uncommon for our own benefit elections to run on auto pilot rolling over each year. Take a few minutes to run an … Continue reading Top 5 Benefits Open Enrollment Must-Dos
Do you know what your health plan covers and what your costs may be when using your health plan? The Affordable Care Act requires insurance companies and job-based health plans to provide covered members with a short, plan-language Summary of Benefits and Coverage (SBC) that summarizes health plan information and provides estimated costs of commonly … Continue reading Use a Summary of Benefits and Coverage to stay informed about your health plan