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05 Aug
Understand Your Spending Power: What You Can Buy with Your FSA, HSA, or HRA
Posted: August 5, 2024
Medical expense accounts can help you save on all kinds of healthcare costs. Here are some you may not know about yet. HSA, FSA, and HRA can typically be used for: Medical expenses: Doctor visits, surgeries, prescriptions, dental and vision care, and mental health services. Over-the-counter (OTC) medications: Many OTC medications, including pain relievers, allergy […]
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15 Jul
HSAs Made Easy: Learn the Essentials & Protect Your Savings from Mistakes
Posted: July 15, 2024
Health savings accounts (HSAs) have become a vital part of many employers’ benefits packages, offering employees a powerful tool to manage healthcare expenses while benefiting from tax advantages. However, managing HSAs goes beyond just facilitating contributions. It also involves understanding and addressing mistakes with distributions that employees might encounter. This article delves into the basics […]
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01 Jul
Benefits 101: What Is an HDHP?
Posted: July 1, 2024
In today’s world of complex health insurance options, High Deductible Health Plans (HDHPs) have become increasingly popular. But with a name like “high deductible,” it’s natural to have questions. Let’s break down the basics of HDHPs: What is an HDHP? An HDHP is a health insurance plan with a higher deductible than traditional plans. This […]
Innovative Insurance Group