Advanced Benefit Strategies, Inc. Your Flexible Benefit Specialists

The Family and Retirement Health Investment Act of 2011
Strengthening and expanding your HSA and FSA accounts!
This recently introduced bill in the U.S. Congress would modify and streamline rules for health savings accounts and flexible spending accounts to help participants.

Allow a husband and wife to make catch-up contributions to the same HSA
Remove the requirement that [...]

Section 125 Medical Reimbursements for a non dependent adult child.
As referenced in The Patient Protection and Affordable Care Act of 2010 and effective retroactive to March 30, 2010. Coverage and reimbursements apply to a qualified child that has not attained the age of 27 by the end of the employee’s taxable year. The term “child” [...]

Important Information – Effective 1/1/11:
New legislation on over-the-counter purchases using FSA, HSA or HRA accounts.
View FSA/HRA Eligible/Ineligible Expenses » (Word .doc)
The recently enacted Patient Protection and Affordable Care Act of 2010 changes the rules for the purchase of over-the-counter (OTC) products.
5 OTC changes for employers and employees to know:
1 Employees with an FSA, HRA, or [...]

Aetna Report, April 2010
Annual health care spending in the United States is estimated to surpass $4.2 trillion in 2018, up from $2.5 trillion in 2009 and $75 billion in 1970. Such spending accounts for 17% of GDP currently and is expected to reach 19% in 2018.1
Many consumers and small employers are struggling to afford their [...]