In our latest webinar, Legislative Frenzy: COBRA Subsidies, pandemic periods, FSA relief and more, we discussed the most recent legislative changes rolled out by Congress in the American Rescue Plan Act. One of the major changes was the introduction of a government-funded COBRA subsidy. In its wake, many benefits consultants and brokers have been left… Read More
Category: COVID-19
Congress temporarily changes limit for dependent care
The limit for dependent care flexible spending accounts has been stuck at $5,000 since the account’s inception in the 1980s. But a new bill from Congress passed last week and is changing that. The American Rescue Plan Act of 2021 has affected both continuation coverage and the limit for dependent care FSAs. What is the… Read More
8 Things to Know About the New COBRA Subsidy
The American Rescue Plan Act of 2021 (ARPA) was passed through the House and Senate this week. The bill was signed into law on March 11, 2021. While the specifics are still developing, here are 8 things to know about the COBRA subsidy that is included in the bill. 1. It’s a 100% subsidy. While… Read More
How would a government funded COBRA subsidy work?
UPDATE 3/10/2021: The American Rescue Plan Act has now passed the House and Senate. It is headed to President Biden’s desk for signature. It is expected to be signed into law by Friday, March 12, 2021. According to a recent SHRM article, employers can expect a government funded COBRA subsidy to shortly be a reality…. Read More
Our Favorite Specialty Accounts
We love touting all the reasons pre-tax benefit accounts are basically the best thing since sliced bread, but today weâre talking about specialty accounts. These are typically post-tax reimbursement accounts that are a desirable benefit for participants. Wellness reimbursement and tuition reimbursements are probably some of the most common specialty accounts, but there are so… Read More
Help your employees better understand pre-tax benefits
We analyzed our website to determine what pages employees were visiting the most in 2020. By doing so, we hope that it will help you assist your employees in finding the resources they need. As a result, this should help them better understand pre-tax benefits and how to effectively use their accounts. Benefits and COVID-19… Read More
FSA Relief Considerations Q&A
We are excited to provide you with some additional insight into the FSA relief options for Health and Dependent Care Flexible Spending Accounts, included in the year-end spending bill signed into law on December 27, 2020. While these provisions are temporary, they provide much-needed relief during these unprecedented times. Plan sponsors should consider several factors as relief options are… Read More
Relief for FSAs in Year-end Spending Bill
Would 2020 be complete without a surprise twist or two?… However, this might be the surprise we have been hoping for. Congress has finally provided much needed relief for Health FSAs and Dependent Care FSAs in the passage of the year-end spending bill. Learn more in the Summary H.R. 133 of Authorizing Matters and the… Read More
What will commuting in 2021 look like?
As the year comes to a close, employees and employers alike might be left wondering what to expect from commuting in 2021. Will the remote work trend continue? What will the effect be on mass transit systems and parking services, which have already seen major hits in metropolitan areas? Let’s review the biggest change COVID-19… Read More
Financial Wellness Lessons from 2020
BRI employees are in a unique position; we handle pre-tax benefits administration for thousands of participants every year, and utilize the same plans we sell! Many of the plans focus on savings, financial wellness, and health. We wanted to share the main lessons BRI employees learned about financial wellness in 2020. Financial Wellness Lessons Kimberly… Read More
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