by Karen Taylor Smith | Feb 19, 2015 | Employee Benefits, Healthcare Spending Accounts
A healthcare spending account (HCSA) is a practical, affordable, and flexible benefits plan option that has a multitude of advantages for business owners like you. It comes as no surprise, then, that HCSAs are gaining popularity as an alternative (or addition!) to...
by Karen Taylor Smith | Jan 14, 2015 | Benefits Costs, Employee Benefits, Healthcare Spending Accounts
Some employers believe they can save money on administration by self-managing their healthcare spending account (HCSA) benefits plan. However, it’s important to know that self-administration often results in high costs, lost time, and other drawbacks. Before you...
by Karen Taylor Smith | Apr 23, 2014 | Employee Benefits, Flexible Benefits, Healthcare Spending Accounts
A healthcare spending account (HCSA or HSA) is a practical and effective benefits plan option that can serve as an alternative to, or an addition to, a conventional group health and dental plan. A plan design that includes HCSAs allows the employer to set a fixed...
by Karen Taylor Smith | Aug 15, 2013 | Employee Benefits, Executive Benefits, Healthcare Spending Accounts
The Canada Revenue Agency (CRA) has replaced their former Interpretation Bulletins (IR) with Income Tax Folios. The former bulletin used by many providers (including The Benefits Trust) as a common reference for determining eligible and ineligible expenses for Health...
by Karen Taylor Smith | Jun 11, 2013 | Employee Benefits, Flexible Benefits, Healthcare Spending Accounts
Hybrid benefits plans are catching the interest of advisors and employers alike. After hosting four sold out seminar sessions about hybrid plan design, we can testify that these plans are gaining momentum as a viable alternative to both traditional benefits plans and...
by Karen Taylor Smith | Apr 29, 2013 | Benefits Costs, Custom Plan Design, Employee Benefits, Healthcare Spending Accounts
Our blog today is the last installment in The Many Ways to Share Benefits Plan Costs series. The final topic is an explanation of health care spending accounts. In case you have missed the previous blogs in this series, please check them out: Part One: Payroll...