As we step into a new year, we are excited to reflect on the strides we made in 2023 to elevate your experience with EBC. Our valued partners, employers, and participants…
EBC Insights
HSA Security: Protect Your Account From Fraud
Health savings accounts (HSAs) have been rapidly growing in popularity over the last several years, with more than 35.5 million active accounts totaling $104 billion in assets. Since many people…
2024 FSA and Commuter Limits
The IRS has officially announced, under Revenue Procedure 2023-34, the 2024 flexible spending account (FSA) and commuter limits. FSA Limits The Health Care (standard or limited) FSA annual maximum plan contribution limit will increase from $3,050…
4 Ways Employers Can Prepare for the End of the Year
With the end of the year quickly approaching, it’s more important than ever for employers to stay on top of their benefits administration. Depending on what types…
Unlocking the Full Potential of an HSA
While most employees are familiar with, and may even use, a health savings account (HSA), there’s a good chance they aren’t reaching the full potential of the account. Average contributions are just above the minimum allowable deductible amount…
Offer a Streamlined Experience with an HSA Bulk Transfer
A simplified experience for increased savings and satisfaction. Offering a health savings account (HSA) to participants is a great way to encourage them to start…
Illinois Employers Required to Offer Pre-Tax Commuter Benefits
On January 1, 2024, employers who match certain criteria will be required to offer their employees a transportation benefits program to help provide commuting expenses…
Medicare Secondary Payer Reporting and HRAs
Medicare Secondary Payer (MSP) rules require that Medicare pay secondary to employer-sponsored group health plans when an active employee and their dependents are enrolled in both a group health…
Filling the Gaps: Enhancing Your Benefits Offering
In an era where employee benefits are consistently gaining significance, employers must evolve to align with their employees’ requirements, as those who are satisfied…
Mid-Year Check-In: How are Your Benefits Doing?
The year is halfway over, which means most benefit plan years are at their midpoint as well. With that in mind, it’s never too early to start preparing for next year to ensure benefit offerings are useful…