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Advantages of Offering an FSA with Your HSA

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Some employers consider discontinuing the Health Care Flexible Spending Account (HCFSA) once they begin offering a Health Savings Account (HSA) qualified high deductible health plan. Doing this actually limits access to pre-tax benefits for both the employer as well as plan participants. Rather than discontinuing an HCFSA, consider offering an HSA compatible HCFSA for dental and vision expenses. This provides a richer benefits package and maximizes the tax savings for both employer and employ...
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Categories: Benefits in General, Compliance, Health Care in General | Tags: HSA , limited health care FSA , FSA , limited purpose , tax savings , stacking

Ensure Your HRA is HSA Compatible in 2020

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The new year is fast approaching! Employers who currently offer a Health Reimbursement Arrangement (HRA) paired with a high deductible health plan (HDHP) and a Health Savings Account (HSA), or are considering doing so for the upcoming plan year, should pay special attention to the fact that the minimum HDHP deductible limits have changed! In order to maintain HSA compatibility, your HRA may need to be amended for 2020.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: Health Reimbursement Arrangement , HRA , Health Savings Account , HSA , Stacking Benefits , 2020 Limits , HSA Compatible