How do you explain a CDHP to clients for the first time? The first step is likely to search for definitions and the essential requirements, rules, and facts. That takes time away from building your book of business. To help cut down on the time spent gathering the essentials of CDHPs, we’ve created this quick-reference visual guide.

On December 27th, 2020, President Trump signed the Consolidated Appropriations Act into law. This law has several budget line items, but the important part is how it affects employers who currently offer any kind of Flexible Spending Account (FSA). If your company offers or has offered any type of FSA (Health, Limited Purpose, and Dependent Care) in 2020, take a look at this article to see how this law affects you.

As medical costs continue to rise, many people are looking to save money wherever possible. Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are both tax-advantaged accounts that can help you save money on qualified medical expenses. But there are some key differences when comparing HSAs vs. FSAs that you need to know before you open an account.

Employers that offer Flexible Spending Accounts can choose to provide an FSA rollover or grace period at the end of each plan year, but not both. If you’re nearing the end of the year and have some money remaining in your FSA, it’s important to understand what will happen to it if you don’t use it all.

It’s important to understand the different regulations the IRS imposes on FSAs so you can stay compliant with their guidelines. Learn about the different types of ways you can verify your eligible expenses with the IRS.

Flexible spending accounts are a great way for you to purchase qualified medical expenses. But where exactly can you use these FSA funds? Find out exactly what kind of merchants you can use your FSA.