Health Reimbursement Account

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.

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.

zizzl Launches Budget Friendly Health Insurance Solution For Business

Retrieved on: 
Monday, October 5, 2020
Healthcare in the United States, Health Reimbursement Account, Insurance, Health insurance, Articles, Economy, Health insurance in the United States

"Gone are the days of nervously waiting for that health insurance renewal to arrive with an increase that breaks your budget," says Ray Seaver, CEO of Milwaukee-based zizzl.

Key Points: 
  • "Gone are the days of nervously waiting for that health insurance renewal to arrive with an increase that breaks your budget," says Ray Seaver, CEO of Milwaukee-based zizzl.
  • "With zizzl Health, simply set your health insurance budget each year based on what the business can afford, and employees get a choice of high-quality plans they can afford."
  • Utilizing the newly available Individual Coverage Health Reimbursement Arrangement (ICHRA) https://zizzl.com/wp-content/uploads/2020/09/zizzlhealth.com_.pdf , zizzl Health makes it easy for businesses to give employees pre-tax money they use to buy their own health insurance plan.
  • The competitive dynamics of zizzl Health, where many insurance companies compete against each other for each employee, sets the stage for long-term budget control.

Hall Render Relaunches Consulting Services

Retrieved on: 
Wednesday, September 23, 2020
Articles, Business, Economy, Hall Render, Healthcare in the United States, Health Reimbursement Account, Consultant

INDIANAPOLIS, Sept. 23, 2020 /PRNewswire/ -- Hall, Render, Killian, Heath & Lyman , the nation's largest health care-focused law firm, is pleased to announce the relaunch of its consulting arm, Hall Render Advisory Services (HRAS) with a new website hallrenderAS.com.

Key Points: 
  • INDIANAPOLIS, Sept. 23, 2020 /PRNewswire/ -- Hall, Render, Killian, Heath & Lyman , the nation's largest health care-focused law firm, is pleased to announce the relaunch of its consulting arm, Hall Render Advisory Services (HRAS) with a new website hallrenderAS.com.
  • Hall Render Advisory Services is a national consultancy that combines the breadth and depth of the Hall Render legal team with specialized consulting expertise in health care for matters related to information technology best practices, mergers and acquisitions, compliance, Medicare reclassification, real estate and construction and payment and reimbursement.
  • With years of extensive experience, our consultants provide time-tested knowledge of the complex, highly regulated health care landscape and specific insights and recommendations to further your business objectives.
  • HRAS consultants assist health care organizations with a variety of strategic and educational initiatives, including:

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.

PeopleKeep and Family Promise Partner to Provide Health Reimbursement Arrangements to Families Battling Homelessness

Retrieved on: 
Wednesday, July 29, 2020
Homelessness in the United States, Family Promise, Summit, New Jersey, Housing, Homelessness, Health Reimbursement Account, American society, United States

Family Promise pursues its mission to help low-income families experiencing homelessness achieve sustainable independence through a community-based response.

Key Points: 
  • Family Promise pursues its mission to help low-income families experiencing homelessness achieve sustainable independence through a community-based response.
  • The partnership with PeopleKeep helps Family Promise address these challenges in providing health benefits.
  • Victoria Hodgkins, CEO, PeopleKeep, adds, "PeopleKeep helps hundreds of nonprofits across the country with health reimbursement arrangements but our partnership with Family Promise is special to us.
  • Family Promise envisions a nation in which every family has a home, a livelihood, and the chance to build a better future.

Transamerica Bolsters Workplace Benefits with a Suite of Health Savings and Spending Accounts

Retrieved on: 
Monday, July 27, 2020
Healthcare in the United States, Employee compensation in the United States, Personal finance, Flexible spending account, Tax, Articles, Health savings account, Health Reimbursement Account, Transamerica, HSA, FSA debit card, Inventory Information Approval System

Employers can now select Transamerica as their provider for Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs), Health Flexible Savings Accounts (FSAs), Limited Purpose FSA, Dependent Care FSAs, and Qualified Transportation Accounts (also known as QTAs or "Commuter Accounts").

Key Points: 
  • Employers can now select Transamerica as their provider for Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs), Health Flexible Savings Accounts (FSAs), Limited Purpose FSA, Dependent Care FSAs, and Qualified Transportation Accounts (also known as QTAs or "Commuter Accounts").
  • Health Savings and Flexible Spending Accounts are a big part of the solution to that problem.
  • Transamerica is excited to bring these valuable options to our customers," said Kent Callahan, CEO of Workplace Solutions at Transamerica.
  • Products and services offered through Transamerica Health Savings Solutions, LLC (d/b/a/ Transamerica Health Solutions, LLC in Montana).

DataPath's Captain Contributor Program Earns Web-based Digital Health Award

Retrieved on: 
Tuesday, July 21, 2020
Employee compensation in the United States, Healthcare in the United States, Tax, Health Reimbursement Account, Employee benefits, Health savings account, Flexible spending account, Finance

The company was honored with a Silver Award in Web-based Digital Health for captaincontributor.com , the company's official website for its employee education and engagement program, The Adventures of Captain Contributor.

Key Points: 
  • The company was honored with a Silver Award in Web-based Digital Health for captaincontributor.com , the company's official website for its employee education and engagement program, The Adventures of Captain Contributor.
  • This is the second award that the Captain Contributor program has received in 2020 and the seventh award overall.
  • The Captain Contributor program covers a range of employee healthcare benefits, including Flexible Spending Accounts, Health Savings Accounts, Health Reimbursement Arrangements, and COBRA, among other employee-sponsored benefits.
  • The Digital Health Awards program is organized by the Health Information Resource Center (HIRC), a national clearinghouse for professionals who work in consumer health fields.

LukeJackson Benefit and HR Solutions Introduces Individual Coverage HRAs as an Alternative to Group Health Benefits

Retrieved on: 
Wednesday, July 15, 2020
Economy, Finance, Money, Corporate taxation in the United States, Employee compensation in the United States, Health Reimbursement Account, Healthcare in the United States, Insurance, Employee benefits, Health insurance

BROCKTON, Mass., July 15, 2020 /PRNewswire-PRWeb/ --LukeJackson, a leading independent insurance brokerage and human resource services firm, introduces individual coverage HRAs (ICHRA) as an alternative to group health benefits.

Key Points: 
  • BROCKTON, Mass., July 15, 2020 /PRNewswire-PRWeb/ --LukeJackson, a leading independent insurance brokerage and human resource services firm, introduces individual coverage HRAs (ICHRA) as an alternative to group health benefits.
  • "The Covid-19 economy is a catalyst for employers to explore new solutions to improve the affordability of health insurance," stated Jack Myers, President of LukeJackson.
  • "As benefits and HR consultants, we work with clients to assess their workforce and evaluate which health and benefits solutions meet their needs.
  • Group health insurance is the standard choice for employee health benefits, but it doesn't work for everyone.