HSA/FSA/HRA Comparison Chart Overview HSA Health FSA Traditional HRA What is it? Tax-advantaged employer plan that reimburses employee medical expenses. Tax-advantaged employer plan that reimburses employee medical expenses. Tax-advantaged employer plan that reimburses employee medical expenses. What are some advantages to it? HSAs make an employer's benefits package more attractive by helping employees pay out-of-pocket [...]
What Is Medicare Supplement Insurance (Medigap)? Know Your Benefits Navigating the intricacies of health care insurance can be daunting, especially for those approaching retirement age or already enrolled in Medicare. While original Medicare provides essential coverage, it often leaves beneficiaries with out-of-pocket costs. To address these gaps, many individuals turn to Medicare supplement insurance, [...]
When Should Working Employees Enroll in Medicare? Know Your Benefits As you approach or have already reached the age of 65, a significant milestone awaits: enrollment in Medicare. Whether you’re continuing to work or transitioning into retirement, understanding the ins and outs of Medicare is crucial for securing your health care coverage and bolstering [...]
Employer Contributions to Health Savings Accounts (HSAs) Employers who sponsor high deductible health plans (HDHPs) often contribute to employees’ HSAs to help offset their out-of-pocket medical expenses. These contributions are generally excluded from employees’ gross income and are not subject to income or employment tax withholding. However, an individual’s HSA annual contribution limit is [...]
Using Health FSAs and HSAs for Weight Loss Programs and Drugs Health flexible spending accounts (FSAs) and health savings accounts (HSAs) are tax-advantaged accounts that can be used to pay out-of-pocket costs for qualified medical expenses that are not covered by a health plan. Qualified medical expenses must be incurred primarily to alleviate or [...]
New Executive Order Seeks to Lower Drug Prices and Improve PBM Transparency On April 15, 2025, President Donald Trump issued an executive order (EO) that directs his administration to take a wide range of actions to lower prescription drug prices for patients in the United States. Notably, the EO directs the U.S. Department of [...]
New Executive Order Aims to Reduce Drug Costs by Aligning with Global Prices On May 12, 2025, President Donald Trump issued an executive order (EO) that aims to bring the prices Americans pay for prescription drugs in line with those paid by similar nations. According to a White House fact sheet, the prices Americans [...]
HR&P Endorsed by the Texas Dental Association TDA Perks Program HR&P is proud to announce the recent endorsement by the Texas Dental Association (TDA) Perks Program. This recognition strengthens and affirms HR&P’s value to Texas dental practices. For over 25 years, HR&P’s personalized comprehensive services have been tailored to meet the unique needs of [...]
In the first months of his second term, President Donald Trump and his administration have issued executive orders (EOs) and policy changes that may have significant implications for employer-sponsored health plans. These initiatives include: An EO prioritizing increased health care price transparency and directing federal agencies to further implement and enforce transparency rules; An EO [...]
CMS Finalizes Revised Simplified Determination Method for 2026 Creditable Coverage Determinations On April 2, 2025, the U.S. Citizenship and Immigration Services (USCIS) updated its Employment Eligibility Verification form (Form I-9) and the Department of Homeland Security (DHS) Privacy Notice in the form’s instructions to align with statutory language. The revised Form I-9 is dated [...]
