Using HSAs, FSAs, and HRAs for Over-the Counter Items

Health savings accounts (HSAs), health flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) may provide tax-free reimbursements of certain over-the-counter (OTC) items. OTC items are generally available to consumers without a...

Mental Health & Wellness

What is mental health? Your mental well-being includes how you think, act and feel. It also helps you cope with stress, relate to others and make decisions. According to the World Health Organization, there’s not a specific definition of mental well-being. However,...

PCORI Fees Due July 31st, 2024

The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720, the Quarterly Federal Excise Tax...

New York Passes Paid Prenatal Leave and Lactation Time

The recently enacted New York budget for fiscal year 2024-25 includes provisions mandating paid employee prenatal leave and lactation break time. The provisions have different effective dates in 2024 and 2025. Paid Prenatal Personal Leave The budget amends...

HSA Limits Increase for 2025

On May 9, 2024, the IRS released Revenue Procedure 2024-25 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2025. The IRS is required to publish these limits by June 1 of each year....

Health Care Costs and Your Employee Health Plan

Health care costs, and consequently employee health benefits costs, have been increasing at an alarming rate for nearly a decade. Avoiding rising health care costs is nearly impossible, but you can learn about why they continue to rise and what you can do to manage...