FSA

Use Your FSA to Stock Up On Back-To-School Supplies

The annual school supplies shopping trip can be an expensive endeavor. Did you know that some items commonly found on classroom supply lists are eligible for FSA accounts? Read on to learn more. FSA for Back-to-School Basic first-aid supplies and COVID-related PPE, including masks and hand sanitizer, are on many back-to-school supply lists this year. These are eligible for purchase with FSA funds. Many families also use back-to-school shopping time to buy over-the-counter medications that

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Lowering the Obstacles to Successful FSA Usage

Flexible spending accounts (FSAs) are the oldest tax-advantaged healthcare spending account currently available and by far the most common. Yet many workers still don’t feel they really understand them. That’s borne out by the relatively low adoption rate at many companies, despite tax savings as high as 40% on the funds set aside. Plus, despite the Carryover option, a significant number of account holders still experience a loss of at least some unspent funds at

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Sleep and the Workplace: An Ultimate Guide

According to the National Institutes of Health, 1 in 3 Americans does not get enough sleep. This can lead to significant health issues as well as problems with workplace performance. Sleep Recommendations Adults age 18 and up should get between 7 and 9 hours of sleep a night. For those who have trouble doing that, the CDC has some recommendations: Common Causes of Sleep Problems There are a number of causes for sleep problems. Some

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Brochure: Flexible Spending Account (FSA) Solutions

Summit was designed with TPAs in mind, empowering them to provide superior FSA administration for health, limited purpose, and child care FSAs. Our cloud-based FSA solution features a streamlined plan setup with default settings and wizards; TPAs can also create plan templates to be used with other similar plans. With the powerful data exchange, administrators can import plan participants and dependents, enrollments, claims, and contributions. Summit enables TPAs to conduct nondiscrimination testing directly in the

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Whitepaper: Addressing Education Gaps is Key to TPA Growth

Consumers have more choice than ever when it comes to healthcare benefits. However, research suggests they are not using those benefits as effectively as they could due to knowledge gaps. For TPAs, understanding where those gaps exist and providing solutions to address them is key to client satisfaction and business growth.

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