Employee compensation in the United States

Market analysis: Nine months in, Individual Coverage HRA signups continue to climb

Retrieved on:

Thursday, October 29, 2020

Healthcare in the United States, Employee compensation in the United States, Corporate taxation in the United States, Health Reimbursement Account, Types of insurance, Insurance, Health insurance, Economy, United States

The Individual Coverage HRA (ICHRA) is based on businesses reimbursing employees for health insurance rather than buying it for them.

Key Points:

The Individual Coverage HRA (ICHRA) is based on businesses reimbursing employees for health insurance rather than buying it for them.
"Despite the uncertainty that we've all faced these past few months, we've seen signups for Individual Coverage HRAs climb steadily and double since January," adds Hooper.
"Carriers are returning to the individual market and individual premium prices are stabilizingcritical factors in the success of this new HRA."
Take Command Health is a recognized leader in QSEHRA administration , launched the first-to-market Individual Coverage HRA platform, and is the only HRA administrator to also offer individual enrollment support.

Health-E Commerce launches petition to support personal protective equipment (PPE) eligibility for consumers with flexible spending accounts and health savings accounts

Retrieved on:

Thursday, October 22, 2020

Healthcare in the United States, E-commerce, Electronics industry, Non-store retailing, Supply chain management, Employee compensation in the United States, Articles, Business, Economy, Flexible spending account, FSA debit card

That's because today, PPE is not formally deemed a qualified "medical care" expense under an FSA or HSA by the IRS.

Key Points:

That's because today, PPE is not formally deemed a qualified "medical care" expense under an FSA or HSA by the IRS.
If passed, this change will last until the end of the year in which the current state of emergency ends.
"As consumer and public health needs change, FSA and HSA eligibility needs to be flexible to meet those challenges," said Rida Wong, president of Health-E Commerce.
Health-E Commerce is the parent brand of FSAstore.com , HSAstore.com , and WellDeservedHealth.com , a family of brands serving the 70+ million consumers with tax-free health and wellness accounts.

KRONOS ADVANCED TECHNOLOGIES UPDATES CUSTOMERS ON LEGISLATION THAT ALLOWS CONSUMERS TO PURCHASE AIR PURIFICATION PRODUCTS UTILIZING FSA OR HSA ACCOUNTS

Retrieved on:

Tuesday, October 20, 2020

Healthcare in the United States, Employee compensation in the United States, Articles, Personal finance, Flexible spending account, Tax, Health savings account, Air purifier, Health Reimbursement Account, Purifier, HSA, FSA debit card

FSA/HSA account users can use these accounts to purchase many new and necessary healthcare-related products and services, including air purifiers, especially for asthma sufferers.

Key Points:

FSA/HSA account users can use these accounts to purchase many new and necessary healthcare-related products and services, including air purifiers, especially for asthma sufferers.
To learn more about Kronos Air Purifiers please visit our shopping portal: https://www.1800safeair.com
The December 31 deadline is quickly approaching.
Air purifiers are eligible for reimbursement with flexible spending accounts (FSA), health savings accounts (HSA), and health reimbursement accounts (HRA) with a Letter of Medical Necessity (LMN).
Historically, Kronos has focused on developing, marketing, and selling the Company's proprietary air movement and purification technology.

Sankaty Light Benefits Launches Unique Health Insurance Plan

Retrieved on:

Thursday, October 15, 2020

Health insurance, Deductible, Insurance, Employee benefits, Finance, Employee compensation in the United States, Healthcare in the United States, Money, Economy, Health insurance in the United States

MIAMI, Oct. 15, 2020 /PRNewswire/ --Sankaty Light Benefits (SLB) announced today the introduction of its Key Employee Health Care Cost Reimbursement Plan: ExectSelect.

Key Points:

MIAMI, Oct. 15, 2020 /PRNewswire/ --Sankaty Light Benefits (SLB) announced today the introduction of its Key Employee Health Care Cost Reimbursement Plan: ExectSelect.
The fully insured, excepted benefits plan provides direct, tax-advantaged reimbursement to key employees and their eligible dependents for health care expenses not covered by their employer's primary medical plan and all premium costs are tax-deductible for employers.
"Additionally," he continued, "ExecSelectprovides corporate health insurance brokers with a new product they can use to leverage and add value to their primary health plan offerings which can help them to increase sales and their competitive edge.
Sankaty Light Benefits is a Miami-based, privately held healthcare and insurance services company dedicated to providing businesses with cost-effective solutions to today's costly health insurance environment, such as its ExecSelectplan.

K92 Mining Announces Grant of Stock Options

Retrieved on:

Wednesday, October 7, 2020

Options, Employee stock option, Employee compensation in the United States, Incentive stock option, Taxation in the United States, Kainantu, OTC Markets Group

VANCOUVER, British Columbia, Oct. 07, 2020 (GLOBE NEWSWIRE) -- K92 Mining Inc.(K92 or the Company) (TSXV:KNT; OTCQB:KNTNF) announces the grant of incentive stock options for the purchase of an aggregate of 3,420,000 common shares to employees, directors and consultants of the Company, pursuant to the terms of the Companys Stock Option Plan.

Key Points:

VANCOUVER, British Columbia, Oct. 07, 2020 (GLOBE NEWSWIRE) -- K92 Mining Inc.(K92 or the Company) (TSXV:KNT; OTCQB:KNTNF) announces the grant of incentive stock options for the purchase of an aggregate of 3,420,000 common shares to employees, directors and consultants of the Company, pursuant to the terms of the Companys Stock Option Plan.
The options are exercisable at $6.73 per share, expire five years from the date of grant, and vest in three installments over twelve months from the date of grant.
The Company declared commercial production from Kainantu in February 2018 and is in a strong financial position.
K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.

WEX Study Finds Improved Perception of Health Savings Accounts and Telemedicine Amid Pandemic

Retrieved on:

Wednesday, October 7, 2020

This year, WEX deepened the study to further capture a picture of how the global pandemic has impacted consumer sentiment about healthcare benefits.

Key Points:

This year, WEX deepened the study to further capture a picture of how the global pandemic has impacted consumer sentiment about healthcare benefits.
View the full release here: https://www.businesswire.com/news/home/20201007005100/en/
WEX Study Finds Improved Perception of Health Savings Accounts and Telemedicine Amid Pandemic (Graphic: Business Wire)
The real power in healthcare benefits is knowing how to best use them, says Robert Deshaies, president, Health, WEX.
In June, WEX performed another survey and learned that the pandemic has prompted a sea change in the value placed on healthcare benefits.
The study has been published just ahead of National Health Savings Account Awareness Day (HSA Day) on October 15.

Principal® to Deliver Equity Compensation Plan Services as Part of Principal® Total Retirement Solutions Expansion

Retrieved on:

Thursday, September 24, 2020

Banking, Professional services, Insurance, Finance, Employee compensation in the United States

The forthcoming Principal Equity Compensation Solutions will address demand for flexible, easy-to-manage retirement and equity compensation plans.

Key Points:

The forthcoming Principal Equity Compensation Solutions will address demand for flexible, easy-to-manage retirement and equity compensation plans.
Our customers are asking for equity compensation plan services, and were excited to deliver employers a new, flexible solution to help them manage retirement plan and compensation programs as part of a unified experience.
With an industry-leading technology and business intelligence platform, Principal Equity Compensation Solutions - integrated with Principal Total Retirement Solutions can help simplify the complexities associated with managing multiple retirement and equity compensation plans, support employee engagement and deliver tailored service to navigate this evolving environment.
Principal Total Retirement Solutions, combined with EQ U.S. market-leading global technology platform for equity compensation plan services creates an experience designed to meet the needs weve heard from plan sponsors, said Patterson.

WEX Announces New Virtual Event for Second Annual HSA Day

Retrieved on:

Wednesday, September 23, 2020

Software, Managed care, Banking, Networks, Professional services, Data management, Consumer, Technology, Other Consumer, Insurance, Finance, Health, Employee compensation in the United States, Healthcare in the United States, Health savings account, HSA, Wex

WEX (NYSE: WEX), a leading financial technology service provider, today announced it will host its second annual National Health Savings Account Awareness Day (HSA Day) event.

Key Points:

WEX (NYSE: WEX), a leading financial technology service provider, today announced it will host its second annual National Health Savings Account Awareness Day (HSA Day) event.
As educational ambassadors for HSA Day, Chatzky, Tartick, and Calveiro, along with WEX and its partners, will share the benefits and value of owning and using an HSA via social media using #HSAHello.
On HSA Day on October 15, Chatzky, Tartick, Calveiro, and WEX will lead a virtual discussion about best practices for building financial preparedness for unexpected healthcare costs.
For more information and to register for the HSA Day virtual event, visit www.lovemyhsa.com and follow along on social media by tracking the hashtag #HSAHello.

PeopleKeep releases decision support tool to aid employers considering an Individual Coverage Health Reimbursement Arrangement (ICHRA) benefit

Retrieved on:

Wednesday, September 9, 2020

Healthcare in the United States, Corporate taxation in the United States, Employee compensation in the United States, Health Reimbursement Account, Employee benefits, Economy

SALT LAKE CITY, Sept. 9, 2020 /PRNewswire/ --PeopleKeep, the leader in personalized benefits for small to medium sized organizations, today announced the availability of an Individual Coverage Health Reimbursement Arrangement (ICHRA) online tool to help employers design and decide on an ICHRA benefit in comparison to a traditional group health insurance plan.

Key Points:

SALT LAKE CITY, Sept. 9, 2020 /PRNewswire/ --PeopleKeep, the leader in personalized benefits for small to medium sized organizations, today announced the availability of an Individual Coverage Health Reimbursement Arrangement (ICHRA) online tool to help employers design and decide on an ICHRA benefit in comparison to a traditional group health insurance plan.
In response to customer requests, PeopleKeep has streamlined the benefit design and decision making process to complement the automated set-up, launch and administration of an ICHRA benefit using the PeopleKeep online platform.
Using the online tool, a PeopleKeep Personalized Benefits Advisor will help an organization understand:
The budgetary trade-offs between their current group plan or quote versus an ICHRA.
For now, PeopleKeep's online ICHRA design and decision tool is only available when working with a PeopleKeep Personalized Benefits Advisor.

Bend Launches Flexible Spending Account (FSA) and Health Reimbursement Arrangement (HRA) Offerings

Retrieved on:

Wednesday, September 9, 2020

Healthcare in the United States, Employee compensation in the United States, Economy, Finance, Tax, Health Reimbursement Account, Flexible spending account, Employee benefits, Insurance, Health insurance, HRA, Reimbursement

Bend's new Flexible Spending Account (FSA) is available to those who receive any type of health insurance coverage through their employer.

Key Points:

Bend's new Flexible Spending Account (FSA) is available to those who receive any type of health insurance coverage through their employer.
A Health Reimbursement Arrangement (HRA) account is designed to help employees pay for medical expenses that are not covered by their health insurance.
The HRA account does not earn interest and any funds in it are forfeited if the employee changes jobs.
Bend Financial helps to improve individuals' financial wellness, while enabling employers, brokers and financial institutions to offer a differentiated benefit offering.