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Transit reimbursement allows you use pre-tax salary dollars towards work-related commuting costs like transit passes and van-pools. In 2024, this allows you to save: • Up to $315 (max) per month for van pooling and transit passes. Transit ...
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HSA Health Savings Account HRA Health Reimbursement Arrangement FSA Flexible Spending Account Who is Eligible? An individual who is covered under a qualified HDHP, is not covered by Medicare, and cannot be...
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You can access your company's Plan Highlight (plan overview) in the Plan Statements & Forms section of the website. To access the report you will need to: Select Report Group - Plan Level Report Select Report - Plan Highlight Enter da...
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Last Updated: 12/29/2020
in FSA/HRA/HSA Medical FSA “Stockpiling” of OTC medications is not permitted, and expenses resulting from stockpiling are not reimbursable (i.e., there must be a reasonable expectation that such items can be used during the plan year). A product you’re purchasing should be fo...
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Catch-up contributions are salary deferrals (also referred to as “elective deferrals”) that employees age 50 or older can make in addition to their regular retirement plan contributions. Like regular elective deferrals, catch-up contributions ...
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Last Updated: 11/15/2023
in FSA/HRA/HSA FAQ's No, they do not. Orthodontic expenses are reimbursed when actual payments have been made, even if the services have not yet been rendered. Orthodontic expenses typically are payable to the orthodontist at the onset of treatment or through an install...
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A prospectus is a document that is required by and filed with the Securities and Exchange Commission (SEC). A prospectus is issued to provide information about an investment and informs investors or potential investors about the risks involved with ...
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Last Updated: 03/28/2019
in FSA/HRA/HSA FAQ's A grace period is a timeframe in the new plan year during which you can incur new expenses and file claims. This timeframe, established by your employer, is up to 2½ months after the end of the plan year. If your plan year ends on December 31, and...
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If you requested a distribution through the CARES Act Provision that permitted withdrawals due to hardship related to Coronavirus, you may repay all or part of the amount of a coronavirus-related distribution. Repayments must be made within three...
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What is multi-factor authentication (also know as MFA)? Multi-factor authentication (MFA) is an added layer of online account security that couples a time sensitive one-time PIN (OTP) with standard login credentials (user ID and password). ...