HIPAA compliance for FSAs and HRAs explained. Learn employer responsibilities, PHI rules, and common workplace misconceptions.
EBC Insights
Benefits in Uncertain Times
In today’s volatile economic landscape, businesses are grappling with unprecedented challenges. The recent imposition of tariffs and the elimination of government contracts have led to significant disruptions, particularly for small businesses. For some…
Spousal Incentive Health Reimbursement Arrangements (SIHRA) as a Way to Curb Rising Health Costs
As health care costs continue to rise, employers look for creative ways to meet employee needs while also reduce benefit costs. One option employers are…
From Gym Memberships to Saunas: IRS Criteria for Reimbursing Wellness Expenses
Gym memberships. Fitness equipment. Red light devices. Supplements. Yoga. Cold plunge tubs. Saunas. What do these all have in common? They are sold for general health and well-being. And, the IRS has…
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…
Understanding Claim Substantiation
Someone makes a purchase using funds from their health reimbursement arrangement (HRA) or flexible spending account (FSA). Then, they get a request asking for proof that the purchase is eligible. Why do we ask for documentation? The short answer…
Creating Value with an HRA for Retirees
Get the most out of an HRA Health reimbursement arrangements (HRAs) are a great way to offer benefits within a budget, but did you know that this benefit can be provided to retirees? With an HRA for retirees, participants use employer funds to help pay…
DOL Releases Guidance on Deadline Extension
On February 26, 2021, the Department of Labor (DOL) released guidance on the duration of deadline extensions provided under a joint rule issued with the Internal Revenue Service (IRS) in April of 2020.