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Category Archives: Health Savings Accounts (HSA)

TaxFreePremiums your Section 125 Premium Only Plan (POP) Provider

Every penny counts when you’re running a business, so why would you want to pay your attorney to create a Section 125 POP Plan document that you can generate in just a few minutes? [read more...]

December 24th, 2014 • 0 Comments

ERISA & SPD Wrap or Summary Plan Description Wrap Documents

Recently we joined forces with a company to assist in additional forms of compliance.  These compliance issues fall directly in line with the rumors of the ERISA DOL Audits.  HR Service Inc and ERISA Solutions are those companies.  The professional atmosphere, experienced employees, and customer service oriented environment is appealing; yet the powerful and user-friendly tools/documents they offer is what swayed the decision.  For more information on how to pass an ERISA Compliance Audit watch this presentation:  http://j.mp/ErisaAuditSpdWrapDemo [read more...]

November 17th, 2014 • 0 Comments

Proposed Changes to Cafeteria Premium Only Plan Elections & Look-Back Period

PROPOSED CHANGES TO CAFETERIA PREMIUM ONLY PLAN ELECTIONS & LOOK-BACK PERIOD [read more...]

November 12th, 2014 • 0 Comments

Use Your Section 125 Plan as a Recruiting Tool

Benefits matter a great deal when it comes to recruiting and retaining quality candidates yet many companies don’t use that to their advantage. They’ll spend a fortune on all their offerings but fail to highlight it in their recruiting material and even worse make it too hard for employees to take advantage of the benefits once they do come on board. Maybe it’s the Affordable Care Act or more of the healthcare costs being passed on to the employees but regardless, workers are ranking a good benefits package as high as a competitive salary. [read more...]

September 22nd, 2014 • 0 Comments

HSA vs. FSA: Which is the best option for me?

Chances are you have the option of choosing from a Health Savings Account (HSA) or Flexible Spending Account (FSA) through your employer's benefit package.  Especially if you have access to both, you probably have asked yourself the question, "Which is the best option for me?" [read more...]

May 7th, 2012 • 0 Comments

Health Savings Accounts for Businesses Explained

As the cost of health care premiums continues to rise, many small businesses are looking even more intently for ways to control health costs. As such, health savings accounts, or HSAs, are receiving additional scrutiny. What are HSAs? At its most basic, an HSA is health care coverage that combines a high-deductible health plan with a tax-free savings account designed for medical expenses, with the goal of reducing health insurance costs for both employers as well as employees. [read more...]

July 13th, 2011 • 0 Comments