There are many advantages toĀ HRA Voluntary Employee Benefits (or VEBA) accountsĀ when it comes to pre-tax account options. What is an HRA VEBA? An HRA VEBA is a Health Reimbursement Arrangement where employers place contributions in a trust account on employees’ behalf. Unused funds in the account roll over from year to year. Employees can invest… Read More
BRiBlog
Sharing Information & Opinions on Tax-Free Health & Commuter Benefits
Simplify your New Year’s resolutions with 4 easy ideas
New Yearās resolutions are a funny human phenomenon. The story goes⦠as the clock counts down every New Yearās Eve, millions of people around the world celebrate with the hope AND intention that next year will be better than the lastā the start of a clean slate! Everyone loves a few good stats, so here… Read More
Don’t shy away from a high-deductible health plan because of the name
“HIGH-DEDUCTIBLE health plan? No way!” Did you think like this when enrolling in benefits for this year and opt into one of the other insurance choices? We wouldn’t blame you – the name alone doesn’t make this health plan type sound too appealing. We’re here to tell you that you might want to consider switching… Read More
How might a Democrat controlled Government impact pre-tax benefits?
With the election now behind us, and Democrats in control of the White House and both houses of Congress, what might that mean for pre-tax benefits? Is it a dooms-day scenario? Or, are all dreams of changes about to come true? Like most things, in the end, the truth is likely somewhere in the middle…. Read More
The secret to having a comprehensive benefits package
As an employer, you want your benefits package to be a one-stop-shop for your employees. Not only will a comprehensive benefits package keep your current employees happy, but it will help you attract new talent. We’re here to let you in on a secret to help you kick your benefits up a notch. But first,… Read More
7 ways to manage your benefits better, based on your personality
If you are looking for a new way to manage your benefits this year, you might enjoy building it around an approach that factors in your existing organizational habits and your personality. While it often feels like benefits are a tertiary part of our daily lives, incorporating them as part of the bigger picture helps… Read More
FSA Relief Considerations Q&A
We are excited to provide you with some additional insight into theĀ FSA relief optionsĀ for Health and Dependent Care Flexible Spending Accounts, included in theĀ year-end spending billĀ 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
Putting theĀ āFunā inĀ FSA Funds
5 Ways to Spend Your Funds Before the End of the Year Congratulations on making it to the home stretch of 2020!Ā Starting the new year with lost Flexible Spending Account (FSA) fundsĀ probablyĀ doesnāt sound likeĀ your idea of a good time. So,Ā hereāsĀ a list of five fun ways to spend down your FSA and start 2021 off… 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
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