Benefits Blog

The Most Common FSA Card Misconceptions

Posted by Meri Christenson on Wednesday, December 05, 2018 @ 02:15 PM

As an FSA customer, your 24HourFlex Debit Card can help make your life easier!

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Tags: FSA, eligible expenses

2019 FSA Contribution Limits Announced

Posted by Meri Christenson on Wednesday, November 28, 2018 @ 11:49 AM

IRS_logo-300x300-80x80On Thursday, November 15, 2018, the IRS released a statement that officially increased the annual contribution limit for Healthcare Flexible Spending Accounts (FSA) - both Medical FSAs and Limited Purpose FSAs - and the monthly contribution limits for Qualified Parking and Transportation Accounts for any plan years beginning in 2019. There was no change to the Dependent Care Flexible Spending Account. 

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Tags: FSA, IRS, contribution limits

Unbundled: Why an Independent Benefit Administrator is the Best Choice for Your Pre-Tax Accounts

Posted by Lindsay Barnard on Wednesday, July 25, 2018 @ 03:45 PM

As consumer-driven benefits continue to rise in the market, so the options for benefit administrators continue to expand for employers. Carriers, banks, HR software companies—it seems that more and more providers are adding FSA and HSA administration to their list of services. With so many choices, it can be difficult to decide who to trust with your pre-tax benefits, but in this dynamic, complex benefit world, it’s more important than ever to have a provider that offers stability, compliance expertise, security, and personalization.

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Tags: HSA, FSA, hra, benefits, Benefit Administration, third party administrator, TPA, Compliance

EDUCATION: Retirement Planning Services Hosts Exclusive Lunch and Learn with ERISA Expert, Sal Tripodi

Posted by Lindsay Barnard on Wednesday, June 13, 2018 @ 11:15 AM

Our parent company, Retirement Planning Services, was honored to host an exclusive ERISA Lunch and Learn training session on Monday for area attorneys and CPAs, held by one of ERISA's finest (and fellow Coloradan), Sal Tripodi! A special thanks to Sal for extending this honor, since he now only speaks once a year at his Annual ERISA Seminar in Hawaii.

We'd also like to extend a big thank-you to our co-sponsors, Empower Retirement, Millennium Trust Company, and DFA Funds!

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Tags: retirement, Retirement Planning, ERISA, Education, continued education, sal tripodi, empower retirement, dfa funds, millennium trust company, brokers

An Improved User Experience: Software and Design Updates Coming June 2018

Posted by Lindsay Barnard on Thursday, June 07, 2018 @ 09:09 AM

At 24HourFlex, we are always looking for ways to make your day better and simplify your life. That's why we partner with WEX Health to bring you to the most powerful and intuitive software to help you manage your benefits.

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Tags: FSA, HSA, COBRA TPA, COBRA, COBRA Administration, third party administrator, software, wex health, technology, mobile app, online resources

3 Ways to Help Employees Manage Their Healthcare Expenses

Posted by Lindsay Barnard on Wednesday, May 30, 2018 @ 12:09 PM

The United States now spends almost twice as much on healthcare as other advanced industrialized countries, even though just a few decades ago our healthcare spend was closely aligned to that of other countries. As a result of the rising cost of healthcare, changes to employment and benefits laws and the availability of new benefits options, the employee benefits landscape in the U.S. has also been dramatically altered. One in four Americans now report that the cost of healthcare is the biggest concern facing their family, according to a Monmouth University poll. This makes it more important than ever for employers to offer their employees the guidance and tools they need to manage their healthcare plans and costs. Here are three approaches to help employees manage their healthcare expenses:

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Tags: HSA, HDHP, cdhp, consumer, Employee Engagement, employees, employers, Healthcare, FSA, hra, tax savings

Legislative Update: IRS Revises HSA Family Contribution Limit for 2018

Posted by Lindsay Barnard on Wednesday, March 07, 2018 @ 09:25 AM

On Monday, the IRS released Bulletin 2018-10, which included a revision to the 2018 Family contribution limit for Health Savings Accounts (HSA).

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Tags: tax return, taxes, HSA, Health Savings Accounts, Education, employers, IRS, legislative updates, legislation, contribution, contribution limits, irs bulletin

Filing Your 2017 Tax Return? Here are our HSA tips and tricks.

Posted by Lindsay Barnard on Wednesday, February 28, 2018 @ 05:42 PM

Tax season is here! As we get closer to the deadline for filing (in 2018, it’s April 17 instead of the traditional April 15), we wanted to share three tips about Health Savings Accounts you’ll need to know before you file your return, along with a suggestion for using your refund.

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Tags: Health Savings Accounts, taxes, tax return, third party administrator, TPA, HSA, brokers, savings, Healthcare, Benefit Administration, HDHP, Health Care, Benefits Information, Compliance

Who is 24HourFlex? [Infographic]

Posted by Lindsay Barnard on Wednesday, January 17, 2018 @ 08:37 AM

Knowing who you work with -- and providing your clients the resources to choose who they work with -- is important. But in the increasingly complex healthcare industry, it can be a challenge to juggle information from so many partners and vendors.

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Tags: third party administrator, brokers, employers, benefits, employees, Benefit Administration, TPA, HSA, Health Savings Accounts, FSA, Colorado, Compliance, COBRA, Cafeteria Plans, COBRA Administration, Infographic

Video Spotlight: What is a Health Savings Account?

Posted by Lindsay Barnard on Tuesday, August 08, 2017 @ 03:34 PM

One of the biggest barriers to increasing employee engagement with and enrollment in pre-tax benefits is simply a lack of education. At 24HourFlex, it is one of our priorities to make sure that employers are equipped with the tools they need to inform their employees about their benefits with high-quality, accessible content.

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Tags: HSA, Video, Health Savings Accounts, Education, Employee Engagement

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