Blog Category

Health Care Cost

What is an HSA?

March 13, 2019

What is an HSA?

A health savings account (HSA) is a tax-advantaged medical savings account for U.S. taxpayers who are enrolled in high-deductible health plans (HDHPs). Employers may make contributions to their employees’ HSAs, and the funds that an individual or business contributes to a given account aren’t subject to federal income tax. Also, funds that aren’t spent roll […]

what's a limited expense fsa?

March 12, 2019

What is a Limited Expense FSA?

A flexible spending account is a fairly straightforward way to set aside money for healthcare expenses. However, things get a bit more complicated when you consider that there are different types of FSA accounts for different situations. Here’s what you should know about a limited expense FSA. What is a Limited Expense FSA? You might […]

working out after fsa enrollment

February 25, 2019

FSA Enrollment: Employer FAQs Explained

FSA enrollment can be a stressful period for both employers and employees, especially when it comes to changes in eligibility. The good news is that, with a little information and knowledge, employers can be readily prepared for FSA enrollment. Here, we answer the most important questions regarding this topic. Can You Sign up for an […]

what is an FSA?

February 15, 2019

What is an FSA? Common FAQs Explained

An FSA, or flexible spending account, is a great way for employees to save costs on health insurance, sometimes with help from their employer. However, many employers have questions about how FSA contributions work. Here’s what’s covered by an FSA, and how your employees can use them. What is an FSA? First, what is an […]

411 on FSA reimbursements

February 12, 2019

The 411 on FSA Reimbursements

If you or your employees have an FSA, it’s important to brush up on FSA reimbursements. If you’re wondering what FSA reimbursements are, how your health provider handles these queries and what you should do for submitting claims, here’s what you need to know. How do FSA reimbursements work? Having an FSA means that you’ll […]

the new 2019 health fsa contribution limit

January 3, 2019

The New 2019 Health FSA Contribution Limit

The new 2019 health FSA contribution limit has been announced. Take a look at the new regulations, how they’ve changed from last year, and the benefits of opening an FSA account versus an HSA account. 2019 Health FSA Contribution Limit For 2019, the FSA contribution cap is rising to $2,700. The IRS announced the increase in […]

What will the implications be of the new HRA proposal?

December 11, 2018

What the New HRA Proposal Could Mean for Small Businesses

Small businesses and their employees who have been shut out of the health reimbursement arrangements (HRAs) market because of increases in healthcare costs and burdensome administrative tasks could find a way in under Trump’s new HRA proposal, which looks somewhat similar to past President Obama’s Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) with a few […]

Can I offer cash in lieu of benefits?

December 6, 2018

Can Employers Offer Cash in Lieu of Benefits?

Offering health insurance to employees is a great way to provide value and retain a skilled workforce. But since offering high-quality health insurance can be extremely expensive, some employers may consider offering cash in lieu of benefits– that is, instead of offering traditional health insurance packages. But is this really the easier route? Here’s what […]

sick employee missed open enrollment

November 27, 2018

Your Employee Missed Open Enrollment. Now What?

For businesses that provide health care insurance for staff, open enrollment is a hectic time of year. Collecting all the documents needed to assure employees are enrolled properly is a complex process that requires a lot of organizational ability. Whether you manage open enrollment on your own or use an outside consultant, numerous reminders are […]

small business benefits packages

November 13, 2018

4 Steps to Rock Your Small Business Benefits Offering

One of Fireclay Tile’s goals is to offer the best, most beneficial and comprehensive benefits package in the design industry to our 150+ team members. That’s challenging, especially given we are still a relatively small company with many financial needs across each and every department. We do have a few things going for us that […]

Whats the difference between an HMO vs PPO vs POS

November 6, 2018

What’s the Difference Between an HMO, PPO and POS?

One thing is true across the board about health insurance in the United States—it’s a complicated system to navigate, to say the least. Between benefits tied to various jobs, employees coming and going, and endless policy changes, it can be a lot to keep up with. However, there are a few things that won’t be changing […]

what the affordable care act means for small businesses

November 5, 2018

What is the State of the Affordable Care Act for Small Businesses?

Most of the news once surrounding the Patient Protection and Affordable Care Act (ACA), also known as Obamacare, was about Republican lawmakers looking to repeal the law and Democratic lawmakers holding firm to preserve it. The law’s constitutionality is expected to be challenged again at some time in the not-so-distant future. But for now, much […]