Month: September 2019

Avoid the HSA-Health FSA Compliance Collison

September 19th, 2019

“An employer best practice is to run the medical plan and the Health FSA concurrently. That way, employees can review changes in cost-sharing in medical plan each year to make the appropriate health FSA election. They usually can’t open their Health FSA mid-year to alter their elections to reflect changes in their projected out-of-pocket costs.”.. Read more

Age 65 in Sight? Avoid Some Pitfalls

September 5th, 2019

“The decision around when to sign up for Social Security benefits is complicated . . . Just be aware that one of the negative consequences of collecting Social Security benefits is that if you’re age 65 or older, you can’t make or receive additional Health Savings Account contributions.” William G. (Bill) Stuart Director of Strategy.. Read more

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Benefit Strategies
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