Employee compensation in the United States

Lively Opens Second Office in Boise To Meet HSA Growth Demands

Retrieved on: 
Thursday, December 3, 2020
General Health, Health, Professional services, Insurance, Human resources, Employee compensation in the United States, Healthcare in the United States, Health savings account, HSA, Lively, HSA Bank

Lively, Inc. , creators of the modern Health Savings Account (HSA), today announced plans to open a second office location in Boise, ID.

Key Points: 
  • Lively, Inc. , creators of the modern Health Savings Account (HSA), today announced plans to open a second office location in Boise, ID.
  • Livelys expansion is a testament to the companys growth as a top HSA provider , seeing triple digit growth in account sign-ups in 2020 Open Enrollment to-date compared to those in 2019.
  • With this rapid growth and a commitment to providing top-notch HSA customer experience, Lively will be expanding its customer experience team from Boises top talent pool.
  • Lively is the modern HSA experience built forand bythose seeking stability in the ever-shifting healthcare landscape.

GreenPower Announces Grant of Stock Options

Retrieved on: 
Friday, November 20, 2020
Options, Taxation in the United States, Employee compensation in the United States, GreenPower Motor Company, Incentive stock option, Toronto Stock Exchange, Electric vehicle, Economy, Transport, Companies

VANCOUVER, BC, Nov. 19, 2020 /PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) (the "Company") a leading manufacturer and distributor of zero emissions electric powered vehicles serving the cargo and delivery, transit and school bus marketsannounces that the Company has granted an aggregate of 300,000 incentive stock options with 100,000 stock options to each of Brendan Riley, Michael Sieffert and Fraser Atkinson.

Key Points: 
  • VANCOUVER, BC, Nov. 19, 2020 /PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) (the "Company") a leading manufacturer and distributor of zero emissions electric powered vehicles serving the cargo and delivery, transit and school bus marketsannounces that the Company has granted an aggregate of 300,000 incentive stock options with 100,000 stock options to each of Brendan Riley, Michael Sieffert and Fraser Atkinson.
  • The stock options are subject to the approval of the TSX Venture Exchange and are exercisable for a period of five years at a price of US $20 per share.
  • Thestock options vest as to 25% four months after the grant date, 25% one year after the grant date, 25% two years after the grant date and 25% three years after the grant date.
  • GreenPower employs a clean-sheet design to manufacture all-electric buses that are purpose built to be battery powered with zero emissions.

Bend Financial Selected as Premier HSA Provider for Tufts Health Plan Members and Employees

Retrieved on: 
Wednesday, November 18, 2020
Health insurance in the United States, Employee compensation in the United States, Healthcare in the United States, Health in the United States, Health savings account, High-deductible health plan, Health, Tufts Health Plan, Tufts University

BOSTON, Nov. 18, 2020 /PRNewswire/ -- Bend Financial (Bend), a leading-edge health savings account (HSA) provider, today announced that Tufts Health Plan has selected Bend as the premier HSA vendor for high-deductible health plan (HDHP) options offered to their employer-sponsored commercial members, as well as to their own employees.

Key Points: 
  • BOSTON, Nov. 18, 2020 /PRNewswire/ -- Bend Financial (Bend), a leading-edge health savings account (HSA) provider, today announced that Tufts Health Plan has selected Bend as the premier HSA vendor for high-deductible health plan (HDHP) options offered to their employer-sponsored commercial members, as well as to their own employees.
  • Through this collaboration, Bend continues to grow its presence in the HSA marketplace while providing Tufts Health Plan members and employer groups access to their next-generation HSA platform that simplifies health care saving and offers personalized guidance that makes it easy for anyone to maximize their HSA.
  • Bend Financial and Tufts Health Plan unite with shared vision to providing innovative, high-quality health care tools
    "We're excited to offer this best of breed HSA platform to our commercial membership," said Jim Gallagher, vice president of product, marketing and sales administration at Tufts Health Plan.
  • "It's an honor to be selected to be the premier HSA choice for their commercial membership, which also includes their own employees.

HSA Bank Announces Innovative Safety Net Solution through MedPut Partnership

Retrieved on: 
Tuesday, November 17, 2020
Employee compensation in the United States, Healthcare in the United States, Expense, Finance, Economy, Tax, Health savings account, HSA Bank, Flexible spending account, Payroll, Health Reimbursement Account, HSA

MedPut is an innovative employee benefit that makes healthcare expenses more manageable for employees.

Key Points: 
  • MedPut is an innovative employee benefit that makes healthcare expenses more manageable for employees.
  • By paying healthcare expenses upfront on employees' behalf, MedPut helps the employee spread the expense out via payroll deductions over time.
  • Through the new partnership with MedPut, HSA Bank gives employees the option to pay for healthcare expenses with their Health Savings Account (HSA), Flexible Spending Account (FSA), or Health Reimbursement Arrangement (HRA), resulting in maximized tax savings.
  • "We're excited to debut our new partnership with MedPut," said Chad Wilkins, President of HSA Bank.

Employers express interest in individual coverage health reimbursement arrangements

Retrieved on: 
Monday, November 16, 2020
Healthcare in the United States, Employee compensation in the United States, Corporate taxation in the United States, Health Reimbursement Account, Employee benefits, Patient Protection and Affordable Care Act, Tax, Health, Defined contribution health benefits, Health insurance in the United States

ARLINGTON, Va., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Individual coverage health reimbursement arrangements (ICHRAs), a new employer-sponsored health care benefit program for active employees that became available this year, are drawing the attention of U.S. employers, particularly wholesale and retail employers and those in education and the public sector.

Key Points: 
  • ARLINGTON, Va., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Individual coverage health reimbursement arrangements (ICHRAs), a new employer-sponsored health care benefit program for active employees that became available this year, are drawing the attention of U.S. employers, particularly wholesale and retail employers and those in education and the public sector.
  • With an ICHRA, employees choose where their medical benefit dollars are spent by purchasing individual insurance coverage and then receiving a reimbursement through an employer-sponsored health reimbursement arrangement.
  • The survey found growing interest in this new benefit as a way for employers to keep their costs fixed by giving employees the opportunity to manage their own health care benefit choices and spend.
  • However, we expect to see interest grow as companies learn more about ICHRAs and the market for individual health plans continues to grow more robust each year.

Jellyvision and HSA Bank Launch ALEX HSA to Increase Education and Savings

Retrieved on: 
Thursday, November 12, 2020
Employee compensation in the United States, Healthcare in the United States, HSA Bank, Health savings account, HSA, Webster Bank, Economy of the United States, Jellyvision, United States, Health Reimbursement Account, Finance, The HSA Coalition

CHICAGO, Nov. 12, 2020 /PRNewswire/ -- Today, Jellyvision and HSA Bank , a division of Webster Bank, N.A., announced the official launch of ALEX HSA , a new type of HSA empowering employees to make smart healthcare and savings choices year-round.

Key Points: 
  • CHICAGO, Nov. 12, 2020 /PRNewswire/ -- Today, Jellyvision and HSA Bank , a division of Webster Bank, N.A., announced the official launch of ALEX HSA , a new type of HSA empowering employees to make smart healthcare and savings choices year-round.
  • According to the third annual HSA Bank Health & Wealth IndexSM, 42% of employees didn't know if their healthcare plan was HSA-eligible2.
  • ALEX HSA aims to address these challenges by pairing HSA Bank's world-class suite of account solutions, including HSAs, FSAs, HRAs, Commuter Benefits and COBRA accounts with Jellyvision's benefits education expertise.
  • HSA Bank is a trusted leader in consumer-directed healthcare (CDH), focusing on Health Savings Accounts (HSAs) for over two decades and serving as both the bank and administrator.

RxSaver and First Dollar to Launch First-of-Its-Kind HSA Debit Card

Retrieved on: 
Thursday, November 12, 2020
Debit cards, Banking, Economy, Finance, Healthcare in the United States, HSA Bank, Employee compensation in the United States

AUSTIN, Texas, Nov. 12, 2020 /PRNewswire/ -- Consumer-first health care savings platform First Dollar has joined forces with prescription coupon company RxSaver to launch its first HSA debit card.

Key Points: 
  • AUSTIN, Texas, Nov. 12, 2020 /PRNewswire/ -- Consumer-first health care savings platform First Dollar has joined forces with prescription coupon company RxSaver to launch its first HSA debit card.
  • The first-of-its-kind, First Dollar's HSA debit card has RxSaver's network information inscribed onto the back, making it easy for customers to save up to 85% on prescriptions by simply flashing their HSA card at checkout.
  • The card is available to First Dollar HSA members starting this month.
  • "We're thrilled to work with First Dollar, allowing us to reach so many more Americans through an easy-to-use HSA debit card," said Kim Read, Senior Vice President and General Manager of RxSaver.

Bonanza Creek Energy Adopts Tax Benefits Preservation Plan Designed to Protect the Availability of Its Tax Benefits

Retrieved on: 
Monday, November 9, 2020
Personal finance, Taxation in Canada, Employee compensation in the United States, Executive compensation

The Plan reduces the likelihood that changes in the Companys investor base would limit the Companys future use of its Tax Benefits, which would significantly impair the value of such Tax Benefits.

Key Points: 
  • The Plan reduces the likelihood that changes in the Companys investor base would limit the Companys future use of its Tax Benefits, which would significantly impair the value of such Tax Benefits.
  • The Plan is similar to plans adopted by other publicly held companies with significant NOLs or other substantial Tax Benefits and has a limited duration of three years.
  • The Plan is not designed to prevent any action that the Board determines to be in the best interest of the Company and its stockholders.
  • The Board will consider an earlier termination of the Plan under certain conditions as described in the Plan.

14th edition of The Complete HSA Guidebook now available

Retrieved on: 
Monday, November 2, 2020
Employee compensation in the United States, Healthcare in the United States, Health savings account, HealthEquity, HSA, Neeleman, Finance, United States

DRAPER, Utah, Nov. 02, 2020 (GLOBE NEWSWIRE) -- HealthEquity today announced the release of the 14th edition of The Complete HSA Guidebook, an industry leading educational tool that helps organizations and individuals improve their health and financial wellbeing through the better understanding and adoption of health savings accounts (HSAs).

Key Points: 
  • DRAPER, Utah, Nov. 02, 2020 (GLOBE NEWSWIRE) -- HealthEquity today announced the release of the 14th edition of The Complete HSA Guidebook, an industry leading educational tool that helps organizations and individuals improve their health and financial wellbeing through the better understanding and adoption of health savings accounts (HSAs).
  • First published in 2004, The Complete HSA Guidebook is written by HealthEquity founder Steve Neeleman, with key contributions from Hazel Witte, J.D., and the late Sophie Korczyk, Ph.D.
  • The release comes as the industry reaches 29.3 million HSAs with $73.5 billion in assets, according to the 2020 Midyear Devenir HSA Research Report .
  • Were pleased to share the latest edition of The HSA Guidebook at a time when it has the greatest relevance to Americans, said Neeleman.

PeopleKeep Issues Report Following The First Nine Months of the Individual Coverage HRA

Retrieved on: 
Monday, November 2, 2020
Healthcare in the United States, Employee compensation in the United States, Corporate taxation in the United States, Health Reimbursement Account, Health insurance, Employee benefits, Out-of-pocket expense, Tax, Economy, Finance

SALT LAKE CITY, Nov. 2, 2020 /PRNewswire/ --PeopleKeep, the first company to bring automated administration of Individual Coverage HRAs to market, has released its report, The First 9 Months of ICHRA.

Key Points: 
  • SALT LAKE CITY, Nov. 2, 2020 /PRNewswire/ --PeopleKeep, the first company to bring automated administration of Individual Coverage HRAs to market, has released its report, The First 9 Months of ICHRA.
  • The report details how employers throughout the United States have used the new health benefit in the first nine months of its availability based on data analyzed from the PeopleKeep software platform.
  • The new HRA became available January 1, 2020 to employers of all sizes and enables employers to reimburse employees for individual health insurance premiums and out-of-pocket expenses.
  • Unlike the Qualified Small Employer HRA, it satisfies the employer mandate and does not have allowance caps.