FSA debit card

HealthEquity to Acquire Further

Retrieved on: 
Thursday, April 8, 2021
Healthcare in the United States, Employee compensation in the United States, Health savings account, HSA, HealthEquity, Finance, United States, Health care, HSA Bank, FSA debit card

DRAPER, Utah, April 08, 2021 (GLOBE NEWSWIRE) -- HealthEquity, Inc.(NASDAQ: HQY) ("HealthEquity"), the nation's largest independent health savings account ("HSA") custodian, today announced that it had entered into a definitive agreement to acquire Further, a leading provider of HSA and consumer directed benefit administration services, and the nations ninth largest HSA custodian overall.

Key Points: 
  • DRAPER, Utah, April 08, 2021 (GLOBE NEWSWIRE) -- HealthEquity, Inc.(NASDAQ: HQY) ("HealthEquity"), the nation's largest independent health savings account ("HSA") custodian, today announced that it had entered into a definitive agreement to acquire Further, a leading provider of HSA and consumer directed benefit administration services, and the nations ninth largest HSA custodian overall.
  • Further also brings approximately 28,000 employer clients and over 300,000 consumer-directed benefit accounts (CDBs), including FSAs, HRAs and VEBAs.
  • VEBAs are triple-tax advantaged health accounts like HSAs, that cover medical costs while employed or post-retirement.
  • We know our partners, employers, members and associates will be in great hands with HealthEquity.

Health-E Commerce applauds new IRS guidance making masks, hand sanitizer and sanitizing wipes FSA/HSA eligible

Retrieved on: 
Wednesday, March 31, 2021
Healthcare in the United States, Debit cards, Employee compensation in the United States, Inventory Information Approval System, FSA debit card

That changed on March 26, 2021, when the IRS released Announcement 2021-7 that now makes masks, hand sanitizer and sanitizing wipes that help prevent the spread of COVID-19 fully eligible for FSA/HSA reimbursement.

Key Points: 
  • That changed on March 26, 2021, when the IRS released Announcement 2021-7 that now makes masks, hand sanitizer and sanitizing wipes that help prevent the spread of COVID-19 fully eligible for FSA/HSA reimbursement.
  • Health-E Commerce , parent brand of FSAstore.com and HSAstore.com , the first and leading online marketplaces for exclusively eligible FSA and HSA products, applauds the IRS for making this much-needed change to product eligibility at a time when Americans need it most.
  • FSA holders should check with their HR department of benefits provider to make sure that these expenses will be eligible with their plan.
  • To learn more about IRS Announcement 2021-7 and product eligibility for FSAs and HSAs, visit FSAstore.com or HSAstore.com .

New data from FSAstore.com shows FSA users are increasing contributions and anticipating approval of PPE eligibility

Retrieved on: 
Monday, March 8, 2021
Healthcare in the United States, Employee compensation in the United States, Health savings account, Debit cards, CARES Act, Finance, Money, United States, Flexible spending account, FSA debit card

In March 2020, the CARES Act expanded eligibility for FSAs and health savings accounts (HSAs) to include over-the-counter medicines and menstrual care products.

Key Points: 
  • In March 2020, the CARES Act expanded eligibility for FSAs and health savings accounts (HSAs) to include over-the-counter medicines and menstrual care products.
  • In January 2021, the CCA legislation introduced a series of optional, temporary changes related to spending deadlines, enrollment, and contributions that employers can implement to help employees maximize their contributions.
  • Average contributions (which could include multiple FSA accounts and employer matching) among FSAstore.com customers increased from $1,800 in 2020 to $1,860 for the 2021 benefit year.
  • The FSA Grace Period Spending Guide will help FSA users find the hottest eligible products they need to stay healthy, including:

FSAstore.com advises consumers to spend down unused FSA dollars before December 31 use-it-or-lose-it deadline

Retrieved on: 
Monday, November 9, 2020
Debit cards, Healthcare in the United States, FSA debit card, Economy, Financial services, Finance, Flexible spending account, Financial Services Authority

According to FSAstore.com's own internal research conducted this past October, more than 50% of FSA users will have more FSA funds to spend this deadline period than they did last year, so making an end-of-year plan is especially important for 2020 FSA deadline season.

Key Points: 
  • According to FSAstore.com's own internal research conducted this past October, more than 50% of FSA users will have more FSA funds to spend this deadline period than they did last year, so making an end-of-year plan is especially important for 2020 FSA deadline season.
  • According to the experts at FSAstore.com, here are 10 ways consumers can spend down remaining funds before year end:
    1.
  • An FSA can allow a Carryover Option, a Grace Period and/or a Run-out Period option or none of the above.
  • When using an FSA debit card on FSAstore.com, you reduce your chance of having to supply purchase documentation, as all products sold on the site are guaranteed FSA eligible.

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.

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).

Conduent Redesigns BenefitWallet® App to Support COVID-19 Related Government Changes to Health Accounts

Retrieved on: 
Wednesday, May 27, 2020
Healthcare in the United States, Employee compensation in the United States, Tax, Articles, Personal finance, Flexible spending account, Health savings account, Health Reimbursement Account, HSA, HRA, Employee benefits, FSA debit card

The enhanced app comes at a time when rules around Health Savings Account (HSA), Flexible Spending Account (FSA) and Health Reimbursement Arrangement (HRA) accounts are impacted by COVID-19 related IRS and legislative changes.

Key Points: 
  • The enhanced app comes at a time when rules around Health Savings Account (HSA), Flexible Spending Account (FSA) and Health Reimbursement Arrangement (HRA) accounts are impacted by COVID-19 related IRS and legislative changes.
  • With a new look and a more intuitive interface, the redesigned BenefitWallet app allows members to easily take advantage of government changes for HSA, FSA and HRA accounts, said Todd Berkley, Vice President and Portfolio Leader, BenefitWallet, at Conduent.
  • Conduent has also launched a COVID-19 microsite to help members stay informed about changes impacting their BenefitWallet health accounts.
  • BenefitWallet offers a personalized and simplified approach to help members manage their health care costs and accumulate wealth with tax-advantaged health accounts.

Health-E Commerce applauds passage of legislation that allows consumer to purchase over-the-counter medications, menstrual care products with an FSA or HSA

Retrieved on: 
Monday, March 30, 2020
Healthcare in the United States, Occupational safety and health, Workplace, Workplace wellness, Articles, Human activities, Employee compensation in the United States, Debit cards, Humans, FSA debit card, Flexible spending account

Health-E Commerce , the parent brand to FSAstore.com , HSAstore.com and WellDeservedHealth.com which exclusively sell products eligible with FSAs, HSAs and corporate wellness dollars, applauds the legislation for addressing these critical issues.

Key Points: 
  • Health-E Commerce , the parent brand to FSAstore.com , HSAstore.com and WellDeservedHealth.com which exclusively sell products eligible with FSAs, HSAs and corporate wellness dollars, applauds the legislation for addressing these critical issues.
  • "In addition, the inclusion of menstrual care products as qualified expenses will help correct the gender imbalance in healthcare reimbursement by reclassifying menstrual care products as what we all know they are essential health products that should be open to tax-free healthcare spending."
  • It's both the largest e-commerce destination for guaranteed FSA-eligible products and an educational resource that you can actually understand.
  • Health-E Commerce is the parent brand of FSAstore.com, HSAstore.com and WellDeservedHealth.com, a family of brands serving the 60+ million consumers with tax-free health and wellness accounts.

Alegeus Announces Employee Care Card Program to Enable Employers to Financially Support Employees During COVID-19 Crisis

Retrieved on: 
Wednesday, March 25, 2020
Professional services, Health, Infectious diseases, Insurance, Other Health, Finance, General Health, Economy, Payment systems, Money, Financial services, Debit cards, Gift card, Payment card, FSA debit card

Employees receive these relief funds via a convenient debit card, supported by a simple online experience to check their balance and view transactions.

Key Points: 
  • Employees receive these relief funds via a convenient debit card, supported by a simple online experience to check their balance and view transactions.
  • The Employee Care Card offers employers more flexibility than cash or gift cards to provide financial aid to their employees as they navigate this crisis.
  • Unlike cash or gift cards, employers control how the dollars can be spent, preserve unspent dollars, and gain real-time insight into employee spending trends.
  • The Employee Care Card gives them a highly flexible and configurable way to provide meaningful assistance during an unprecedented time.