(804) 673-6676
(703) 932-2915
An FSA is an employer-sponsored, tax-advantaged savings account. It allows you to set aside “pre-tax” money—meaning the money is taken out of your paycheck before taxes are calculated—to pay for out-of-pocket healthcare and dependent-care expenses. The Bottom Line: Because you aren’t paying taxes on this money, you effectively lower your taxable income and increase your … Continued
Open enrollment is more than just a checkbox on your to-do list—it’s your annual opportunity to design a financial and health safety net that fits your life. Because your needs today might be different than they were a year ago, we want to make sure you have the tools to choose wisely. To help you … Continued
Many people put off seeking medical care, even when they recognize that something doesn’t feel right. Busy schedules, financial concerns, fear of receiving bad news, and the hope that symptoms will simply go away often lead to delays that can allow health problems to worsen. While postponing care may seem like the easier choice in … Continued
As the modern workforce evolves, employer-sponsored benefits must adapt to meet changing demographic demands. Women comprise nearly half of the U.S. workforce and are its primary consumers of healthcare services. Today, standard health coverage is shifting away from a pregnancy-only lens to an inclusive, whole-life framework. The Evolution to Whole-Life Care Historically, corporate maternal care … Continued
Overview of HSAs Health savings accounts (HSAs) are a great way to save money and efficiently pay for medical expenses. HSAs are tax-advantaged savings accounts that accompany high deductible health plans (HDHPs). HSAs were created in 2003 to provide individuals with HDHPs with a tax-preferred way to save for medical expenses. There are certain advantages … Continued
In today’s workforce, a significant number of experienced employees are working a second job that never appears on a timesheet: caregiving. This places them in the “sandwich generation,” a group of middle-aged adults tasked with simultaneously caring for their aging parents and their own children. This isn’t a specific age cohort like the Baby Boomers, … Continued
Taking prescription medication is a common part of modern life. In fact, more than 131 million American adults take at least one prescription regularly. As we age, managing these medications becomes a vital part of staying healthy. While healthy habits and doctor visits are key, taking your medication correctly is just as important. Your pharmacist … Continued
On May 4, 2026, the IRS announced updated penalty amounts for 2027 under the Affordable Care Act’s (ACA) employer shared responsibility, or “pay-or-play,” rules. For the 2027 calendar year, the $2,000 penalty has been adjusted to $3,780, and the $3,000 penalty has increased to $5,670. This marks a rise from 2026 levels of $3,340 and … Continued
On May 29, 2026, the IRS issued Revenue Procedure 2026-24, which sets the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2027. The updated limits address: Each of these limits differs depending on whether the coverage is for an individual or a family under an HDHP.