Health Reimbursement Account

Vericred Powering Individual Coverage HRA Solutions

Retrieved on: 
Wednesday, September 4, 2019
Data management, Technology, Managed care, General Health, Other Health, Small business, Insurance, Hospitals, Human resources, Finance, Fitness & Nutrition, Professional services, Software, Health, Internet, Federal assistance in the United States, Healthcare reform in the United States, Presidency of Lyndon B. Johnson, Employee compensation in the United States, Healthcare in the United States, Health Reimbursement Account, Medicare, Medicaid, Health insurance, United States, Articles

Vericred , a data services platform delivering digital infrastructure for the distribution and fulfillment of health insurance and employee benefits, today announced the launch of its HRA Development Kit, a suite of APIs enabling InsurTech and HRtech companies to build solutions that empower businesses to take advantage of new Individual Coverage Health Reimbursement Arrangement (ICHRA) rules.

Key Points: 
  • Vericred , a data services platform delivering digital infrastructure for the distribution and fulfillment of health insurance and employee benefits, today announced the launch of its HRA Development Kit, a suite of APIs enabling InsurTech and HRtech companies to build solutions that empower businesses to take advantage of new Individual Coverage Health Reimbursement Arrangement (ICHRA) rules.
  • Beyond offering employees health plan transportability and expanding plan choice, these new regulations offer tech platforms an exciting opportunity to scale their solutions for the individual market.
  • For more information on how Vericred can help your platform take advantage of this new HRA environment, please contact [email protected] .
  • Vericred offers robust solutions for technology companies focused on the under 65 individual, Medicaid and Medicare markets, as well as the group market.

HealthEquity Completes Acquisition of WageWorks

Retrieved on: 
Friday, August 30, 2019
Employee compensation in the United States, Healthcare in the United States, Health Reimbursement Account, Health savings account, Articles, Tax, Employee benefits, Employer transportation benefits in the United States, Economy of the United States

DRAPER, Utah, Aug. 30, 2019 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) ("HealthEquity" or the Company) today completed its acquisition of WageWorks, Inc., (NYSE: WAGE) (WageWorks), to become a leading administrator of health savings accounts (HSAs) and complementary consumer-directed benefits (CDBs), including flexible spending and health reimbursement arrangements (FSAs and HRAs), COBRA and commuter benefits.

Key Points: 
  • DRAPER, Utah, Aug. 30, 2019 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) ("HealthEquity" or the Company) today completed its acquisition of WageWorks, Inc., (NYSE: WAGE) (WageWorks), to become a leading administrator of health savings accounts (HSAs) and complementary consumer-directed benefits (CDBs), including flexible spending and health reimbursement arrangements (FSAs and HRAs), COBRA and commuter benefits.
  • The acquisition establishes HealthEquity as the complete partner for employers, benefits consultants, health and retirement plan providers seeking to help working families connect health and wealth.
  • HealthEquity also announced details of a $80-100 million investment in service.
  • HealthEquity does not undertake any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

LIG Solutions and PeopleKeep announce health benefits partnership

Retrieved on: 
Monday, August 12, 2019
Economy, Finance, Money, Healthcare in the United States, Types of insurance, Corporate taxation in the United States, Employee compensation in the United States, Health Reimbursement Account, Health insurance, Employee benefits, Insurance, Health insurance in the United States

Broadening the membership benefits available to member organizations to include not only health insurance coverage options but also Health Reimbursement Arrangements (HRAs) lets us better meet those differing needs," explains Tim McNichols, director of business development for LIG Solutions.

Key Points: 
  • Broadening the membership benefits available to member organizations to include not only health insurance coverage options but also Health Reimbursement Arrangements (HRAs) lets us better meet those differing needs," explains Tim McNichols, director of business development for LIG Solutions.
  • "PeopleKeep and Lighthouse Insurance Group share a common goal of helping small businesses care for their employees by offering health benefits that work for the business and its employees and their families," adds Victoria Hodgkins, chief executive officer of PeopleKeep, Inc.
    PeopleKeep's work with LIG Solutions through their professional association program enables the two partners to share their respective expertise in health reimbursement arrangements and individual health insurance in a new way.
  • Small businesses and their employees learn about health benefits through their association, society, or affinity group.
  • Headquartered in Cleveland, Ohio, LIG Solutions, a division of Lighthouse Insurance Group, specializes in offering comprehensive, turn-key insurance solutions for associations, societies, NGB, membership organizations and other affinity groups.

BASIC Explains One Benefit All Employers Should Offer: FSAs

Retrieved on: 
Tuesday, August 6, 2019
Employee compensation in the United States, Healthcare in the United States, Flexible spending account, Articles, Tax, Debit cards, Economy, Employee benefits, FSA debit card, Health Reimbursement Account

For businesses evaluating which benefits to offer, a Flexible Spending Account (FSA) plan can be a cost-effective way to provide value for both employers and employees.

Key Points: 
  • For businesses evaluating which benefits to offer, a Flexible Spending Account (FSA) plan can be a cost-effective way to provide value for both employers and employees.
  • An FSA is an employer-owned savings account where employees deposit income on a pre-tax basis to pay for out-of-pocket health and dependent care expenses.
  • FSAs also allow employers to keep any unused funds after the plan year's end (excluding carry-over amounts and balances covered under grace periods).
  • BASIC is offering a free educational webinar covering compliant medical and dependent care Flexible Spending plans on August 14th, 2019.

HSA Bank to Host Webinar on Better Management of Health and Wealth Benefits

Retrieved on: 
Tuesday, July 23, 2019
Employee compensation in the United States, Healthcare in the United States, Articles, Health, HSA Bank, Personal finance, Health savings account, Flexible spending account, HSA, Health Reimbursement Account, FSA debit card, Consumer-driven healthcare

During this time, Kevin Robertson, chief revenue officer of HSA Bank, will share tips on how to better manage medical expenses through offering Health Savings Accounts (HSAs) as an integrated health and retirement benefit for employees.

Key Points: 
  • During this time, Kevin Robertson, chief revenue officer of HSA Bank, will share tips on how to better manage medical expenses through offering Health Savings Accounts (HSAs) as an integrated health and retirement benefit for employees.
  • 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.
  • Discover how we can support your benefits strategy with our comprehensive account-based health benefit solutions that include HSAs, Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Commuter Benefits, COBRA Administration, and HSA investment solutions.
  • HSA Bank inspires nearly 3 million members and more than 35,000 employer groups to "own your health" by making it easy to access, understand, and afford healthcare.

New DataPath whitepaper explores the complexities of benefits administration and why employers should consider outsourcing

Retrieved on: 
Thursday, July 11, 2019
Employee compensation in the United States, Healthcare in the United States, Articles, Tax, Health Reimbursement Account, Personal finance, Flexible spending account, Health savings account, Employee benefits, FSA debit card

A new whitepaper from DataPath, Inc., the longest running software provider in the healthcare benefits administration industry, surveys the potential perils of keeping benefits administration in-house and offers a solution for cost-minded businesses.

Key Points: 
  • A new whitepaper from DataPath, Inc., the longest running software provider in the healthcare benefits administration industry, surveys the potential perils of keeping benefits administration in-house and offers a solution for cost-minded businesses.
  • The whitepaper, "Employers Looking to Save Money, Hire Top Talent, and Deliver Quality Benefits Should Hire a Third Party Administrator" discusses the numerous job responsibilities, expenses, compliance needs, and penalties associated with plan setup and account administration.
  • "Proper benefits administration is a tremendous undertaking that can take a lot of time," says Sean Cox, Chief Revenue Officer at DataPath.
  • DataPath creates solutions for the administration of employer-sponsored benefits including Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts(HSAs), and COBRA.

Final HRA Ruling Could Shake up Health Plan Offerings and Insurance Markets

Retrieved on: 
Monday, July 8, 2019
Healthcare in the United States, Health in the United States, Taxation in the United States, Health, Employee compensation in the United States, Internal Revenue Code, Patient Protection and Affordable Care Act, Corporate taxation in the United States, Health Reimbursement Account, Essential health benefits, Health insurance, Employee benefits

The U.S. departments of Health and Human Services, Labor and Treasury issued a final rule in mid-June to expand the use of HRAs by employers to fund employee premiums in the individual health insurance market.

Key Points: 
  • The U.S. departments of Health and Human Services, Labor and Treasury issued a final rule in mid-June to expand the use of HRAs by employers to fund employee premiums in the individual health insurance market.
  • Several requirements in the ACA, including the creation of essential health benefits and removal of annual and lifetime limits on health insurance, curtailed this option.
  • "Does this mean employers can offer tax-free money for health benefits completely separate from a qualified individual or group plan?
  • For more information, visit http://www.cowdenassociates.com/
    1.Keith, Katie, "Final Rule on Health Reimbursement Arrangements Could Shake Up Markets," HealthAffairs, June 14, 2019.

ConnectYourCare Partners with Winston Benefits to Extend Innovative Health Care and COBRA Administration Offerings

Retrieved on: 
Thursday, May 23, 2019
Healthcare in the United States, Employee compensation in the United States, Articles, Health, Tax, Health savings account, Flexible spending account, Employee benefits, Health Reimbursement Account, Consolidated Omnibus Budget Reconciliation Act, Health insurance in the United States, HSA Bank

With this enhanced set of offerings, employers can anticipate no-noise implementation and seamless benefits administration, paired with knowledgeable customer service.

Key Points: 
  • With this enhanced set of offerings, employers can anticipate no-noise implementation and seamless benefits administration, paired with knowledgeable customer service.
  • "Winston Benefits is excited to team up with ConnectYourCare to improve the overall benefits experience for our clients and their employees.
  • "As a leader in consumer-directed health care and tax-advantaged benefits, ConnectYourCare will help us streamline processes and provide seamless administration of health savings accounts, flexible spending accounts, health reimbursement arrangements, and COBRA."
  • As a consumer-directed health care pioneer and nationally recognized industry leader, ConnectYourCare delivers a comprehensive solution supporting health care savings accounts and expanded tax-advantaged offerings.

Educational SPBA-Hosted Meeting Provides Updates on Health Benefit Regulations & Perspective from Policymakers

Retrieved on: 
Tuesday, April 30, 2019
Healthcare in the United States, Corporate taxation in the United States, Employee compensation in the United States, Health Reimbursement Account

The well-attended Meeting kicked off with candid conversation on proposed legislation related to surprise billing in health care with Congressional staff in the audience.

Key Points: 
  • The well-attended Meeting kicked off with candid conversation on proposed legislation related to surprise billing in health care with Congressional staff in the audience.
  • "It's extremely beneficial for TPAs to hear directly from the policymakers and have an active voice in shaping legislation."
  • Throughout the three-day Spring Meeting, presentations highlighted the latest regulatory happenings on issues like:
    Attendees heard straight from regulators on developments involving Health Reimbursement Accounts (HRAs) and air ambulance billing.
  • It is estimated that over 75% of U.S. workers and their dependents in non-federal health coverage are in plans administered by TPAs.

Wellsource Health Risk Assessment Data Reveals Link Between Happiness, Good Habits and Health

Retrieved on: 
Wednesday, April 17, 2019
Articles, Health, Personal life, Health promotion, Health risk, Health risk assessment, Positive psychology, Happiness, Mental health, Health Reimbursement Account

PORTLAND, Ore., April 17, 2019 /PRNewswire/ -- Good lifestyle habits are positively associated with happiness and mental health, according to data from Wellsource , a premier provider of evidence-based, NCQA-certified Health Risk Assessments (HRA) and self-management tools.

Key Points: 
  • PORTLAND, Ore., April 17, 2019 /PRNewswire/ -- Good lifestyle habits are positively associated with happiness and mental health, according to data from Wellsource , a premier provider of evidence-based, NCQA-certified Health Risk Assessments (HRA) and self-management tools.
  • The company examined self-reported HRA data from more than 270,000 individuals from the ages of 18 to 85 to see what influences mental health, specifically happiness.
  • The Wellsource Data Review revealed several "happiness habits" such as:
    Sleepis highly associated with happiness.
  • Wellsource Inc. has been a premier provider of evidence-based health risk assessments (HRAs) and self-management tools for four decades.