Drew Bowker

HR Advisor

32 articles

How does my company decide which dental plan is best for us?

The best network and plan will have providers in your area who offer the services you need within an affordable plan. So finding the one that’s best for you will satisfy the following four key factors: Services Required Basically, you must decide what dental services you want your insurance to cover. There are Dental HMO-style […]

Are summer camps eligible for dependent care?

As long as the child is under 13-years-old, and the camp is a day camp, then yes, the expense will qualify. However, overnight camps do not qualify as an eligible expense. How it works Enrolling in a dependent care Flexible Spending Account (FSA) means the employee can use pre-tax dollars to pay for any child […]

How do Archer MSAs work?

How to Qualify for an Archer MSA Your company has 50 employees or less, or you’re self-employed, Your medical insurance is a high-deductible health plan, and You don’t have any other healthcare coverage, such as Medicare. For more information, check out the relevant Federal regulations. Few states have regulations concerning Archer MSAs, but to be […]

Which is better: a dependent care FSA or a tax credit for childcare expenses?

A dependent care FSA is better for employees who can access it because these pre-tax deductions can substantially reduce the employee’s income, social security and medicare taxes. Plus, it saves even more if your state imposes income tax and other types of taxes. Dependent care tax credit is for those who can’t access a dependent […]

Can an employee use her FSA, HSA or HRA to pay for her Lasik eye surgery?

Short Answer Yes, generally, but check with your healthcare plan administrator on individual situations. IRS Publication 969, which explains FSAs, HSAs, HRAs and other tax-favored health plans, states that medical procedures are eligible if they are considered medical expenses. This includes Radial Keratotomy (RK), as well as other types of corrective eye surgery like Lasik. […]

How much can an employee and employer contribute to an employee’s FSA each year?

Employees decide how much they would like to contribute to their FSA every year. The 2015 Medical FSA contribution limit is $2,550. If the employee is married, filing jointly, the dependent contribution limit is $5,000. If the employee, is married, filing separately, the limit is $2,500. Employers can decide to match employee contributions in the […]

Can an employee use their HSA for non-medical expenses?

In addition to being used for medical expenses, HSAs can also serve as investment or retirement accounts, as the account belongs to the employee. The funds in an HSA can be used for general non-medical purposes, without penalty, once the employee reaches age 65. Any withdrawn funds used for non-medical purposes are still subject to […]

What is the average cost of dental insurance?

The cost of dental insurance varies considerably based on the number of employees, coverage, and location. Though, an average cost that a smaller employer in California would pay to provide dental insurance ranges from $20 and $50 per person per month. The employer can contribute towards the premium to lower employee costs and encourage higher […]

Most of my employees don’t wear glasses; is vision insurance a benefit I should be offering?

Short answer-yes, it is. Vision is crucial to the overall health of employees even if their eyesight is 20/20. Are you sure your staff don’t wear glasses?: The first thing to consider is, how do you know your staff doesn’t wear glasses? It seems likely that a high proportion of them will require some form […]

Can an employee use dental insurance for restorative care?

Yes, most dental plans cover some types of restorative care to some degree. Restorative dental care includes everything that has to happen if preventative care breaks down. It ranges from basic work like fillings to major work like bridges. The types of restorative work covered and the cost depend on whether the procedures are considered […]