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Are Face Masks FSA Eligible

WebThe Internal Revenue Service issued Announcement 2021-7 clarifying that the purchase of personal protective equipment (PPE) on or after January 1, 2020 (e.g., …

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URL: https://www.basiconline.com/blog/are-face-masks-fsa-eligible-yes-ppe-now-reimbursable/

FSA Administration Flex Benefits Flexible Spending

WebFlexible Spending Accounts (FSA) are part of the IRS Section 125, also known as a cafeteria plan. FSAs are an employer sponsored benefit that allows …

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Modern Benefits: Unique Plans Help Employers Stand Out BASIC

WebThese are just a handful of examples of modern benefits that exist beyond traditional accounts like FSA, HSA, and HRA. There are many other benefit options out …

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HSA Administration Health Savings Accounts for Employers

WebHSAs are a tax savings account that is only available if it is paired with a qualified high-deductible health plan (HDHP). IRS Publication 502 contains a list of all …

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Employer Wellness Plan Wellness Accounts Employee Health

WebWellness Plan Account features that benefit you: Improved employee health & wellness. Incereased employee morale and loyalty. BASIC Wellness Rewards and …

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WebFSA – Medical and Dependent Care. FSA Enrollment Booklet – A guide to what is an FSA, the tax benefits, a list of common medical eligible expenses, an outline of Dependent …

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Benefits to Offer Employees: Don’t Overlook an HRA! BASIC

WebEBHRA (Excepted Benefit)*. Designed for employers who offer major medical coverage and can reimburse dental, vision, and STLDI premiums and out-of …

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2024 Employee Contribution and Benefit Limits BASIC

WebThe Internal Revenue Service (IRS) today announced the annual inflation adjustments to contribution and benefit limits for more than 60 tax provisions in 2024. …

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WebBelow are resources for your HRA (Health Reimbursement Arrangement). If you’ve recently upgraded to the new CDA system, please click here!

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There’s More to Section 125 Plans Than the Standard Medical FSA

WebPOP Plans allow employees to pay for their employer’s sponsored health plan premiums before taxes. Regulations require a legal plan document to offer this …

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ACA Reporting Part II – Do I need to report HRA benefits

WebFor a retiree HRA that is provided to retirees who are not yet eligible for Medicare, reporting is required . If you are a small employer, you will report the retirees …

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What It Means If Your Health FSA Is Not An “Excepted Benefit”

WebThe maximum benefit cannot exceed the greater of 1) two times the employee’s annual health FSA election, or 2) the employee’s annual health FSA …

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COBRA Continuation Coverage – Which Plans Are Subject to …

WebThat type of wellness program is subject to COBRA. Teladoc. Often Teladoc is included or wrapped into the health plan, but if it is a standalone plan and employees …

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Doctor's Note: Can An Employer Ask for One

WebThe FMLA permits employers to request a doctor’s note or medical certification when an employee first requests leave under the FMLA. If the employee is …

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FSA Qualified Expenses What are FSA eligible expenses

WebPPE Now FSA Eligible – Announcement 2021-7. This announcement notifies taxpayers that amounts paid for personal protective equipment, such as masks, hand …

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Pet Wellness Reimbursement: A Modern Employee Benefit

WebThe pet wellness reimbursement account is a fringe benefit that is appreciated by all pet owners, giving them financial flexibility to improve the lives of their …

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FSA Account: What Happens in an Asset Sale or Acquisition

WebNothing in Code §125 or the IRS cafeteria plan regulations addresses how an FSA account should be treated in the event of a corporate merger or acquisition. …

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When Does an Employer Have to Provide a HIPAA Privacy Notice

WebProvide a revised notice to individuals then covered by the plan within 60 days of a material revision. Notify individuals then covered by the plan of the availability …

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Nondiscrimination Testing Guide and FAQs

WebEmployees that can be excluded from the 55% test: (allowed only if the employer excludes these employees in the written plan document) o Under 21 years of age o Less than one …

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