hra

HSA vs. HRA: Which is Better?

Employee Benefits, Health Plans, HRA, HSA

Let’s face it, healthcare has become a major expense for everyone in this country. To help offset a portion of this costly burden for employees, employers typically offer two very popular tax-advantaged savings accounts: HSAs and HRAs. But what’s the difference between these two healthcare savings plans and which is better for your employees and your company?

by Mike Radakovich

IRS Releases 2019 Inflation-Adjusted Limits | California Benefits Agents

FSA, HRA, Inflation, IRS

The Internal Revenue Service (IRS) released its inflation-adjusted limits for various benefits. For example, the maximum contribution limit to health flexible spending arrangements (FSAs) will be $2,700 in 2019. Also, the maximum reimbursement limit in 2019 for Qualified Small Employer Health Reimbursement Arrangements will be $5,150 for single coverage and $10,450 for family coverage.

by Mike Radakovich

PCORI Fee Increase for Health Plans | California Benefits Consultants

ACA, Employers, HRA, HSA, Human Resources, Insurance, Law Updates, PCORI, QSEHRA, Self-insured

On November 5, 2018, the Internal Revenue Service (IRS) released Notice 2018-85 to announce that the health plan Patient-Centered Outcomes Research Institute (PCORI) fee for plan years ending between October 1, 2018 and September 30, 2019 will be $2.45 per plan participant. This is an increase from the prior year’s fee of $2.39 due to an inflation adjustment.

by Mike Radakovich

Choosing the Right Flexible Benefit for Employees | Cupertino Benefits Agency

Dependant Care, Employee Benefits, Employees, Employers, FSA, Health Plans, HRA, HSA, Human Resources, Insurance, Open Enrollment

Trying to decide which of the many employer-sponsored benefits out there to offer employees can leave an employer feeling lost in a confusing bowl of alphabet soup—HSA? FSA? DCAP? HRA? What does it mean if a benefit is “limited” or “post-deductible”? Which one is use-it-or-lose-it? Which one has a rollover? What are the limits on each benefit?—and so on.

by Mike Radakovich