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IRS Update: PPE Expenses and Tax-Filing Extension Date

Personal Protective Equipment Eligible Medical Expense The IRS has announced that Personal Protective Equipment (PPE) such as masks, hand sanitizer and sanitizing wipes, used for the primary purpose of preventing the spread of the Coronavirus Disease 2019 (COVID-19 PPE) are considered as a medical care expense under section 213(d) of the Internal Revenue Code.  This change is […]

April 7, 2021

IRS Update, News & Updates, Uncategorized

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American Rescue Plan Act of 2021

On March 11, 2021, the American Rescue Plan Act of 2021 (ARPA) was signed by President Biden. ARPA is a $1.9 trillion economic stimulus package proposed by Biden to speed up the United States’ recovery from the economic and health effects of the COVID-19 pandemic.  ARPA includes provisions for COBRA and Dependent Care Flexible Spending […]

March 26, 2021

IRS Update, News & Updates, Uncategorized

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3 Tips to Help You Navigate Open Enrollment in Your ‘New Normal’

With all the changes going on in workplaces across the country since COVID-19, your insurance and benefits needs might have changed, too. by: Vishal Jain September 15, 2020 Getty Images Like many Americans, you’ve probably seen your finances impacted by the COVID-19 pandemic. Maybe you were one of the 40 million-plus people who found themselves or […]

November 6, 2020

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COVID-19 Testing & Treatment Covered by HDHPs

Earlier today, the IRS issued Notice 2020-15, which allows high-deductible health plans (HDHPs) to cover the testing and treatment for the Novel Coronavirus (COVID-19) pre-deductible. This will allow for any expense that goes towards testing and treatment of COVID-19 to be considered a qualified medical expenses under an HDHP, and affected individuals can use their […]

March 12, 2020

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Pre-Tax Deductible Plans: Expectation Vs. Reality

Introduction As more companies begin to offer pre-tax deductible plans it’s important that employees learn what they are all about. The word “deduction” can be a scary word when it comes to your paycheck. As experts in pre-tax plans, we are here to explain what exactly a pre-tax plan means for you and your paycheck. […]

January 2, 2020

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