Medcom Blog

5 Ways to Stay HIPAA Compliant

5 Ways to Stay HIPAA Compliant

If you follow any of our social media, keep up with healthcare news, or watch any type of news broadcast, you have heard about HIPAA and the importance of staying compliant. If not, here is a brief run-down of what every company should know about the Health Insurance Portability and Accountability Act:

HIPAA Privacy Rule is a set of federal standards to protect the privacy of health information. The privacy rules provide patients with the right to access their records. The HIPAA Security Rule establishes national standards for the security of electronic protected health information (ePHI).  ...

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What is an FSA, exactly?

What is an FSA, exactly?

AHHHH!!! Here we go again with the confusing acronyms! Yes, we get it: this stuff is complicated, especially living in a fast-paced world where we barely have the time to check our voicemails. Forget about answering them! So, let's start, as we usually do, with a definition.

FSA, or Flexible Spending Account, is set-up through employers and can be used for medical expenses, dental care, and vision care. The employee decides how much to contribute for the year, and that amount is deducted from the employee's pay over 12 months before...

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Should You Invest in an HSA?

Should You Invest in an HSA?

It is really difficult to know if you should invest your hard-earned money in an HSA. For one, what is an HSA? How is it different from an FSA? WHAT IS AN FSA!? All the terms and acronyms can be a bit confusing for any employee, so let’s take some time to clear things up and better prepare ourselves for the future. I’m not sure about you, but I’d love to retire before I’m 80!

Let’s tackle the 9 most important things you should know concerning a Health Savings...

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Top 10 Things to Know About the IRS Tax Reform

Top 10 Things to Know About the IRS Tax Reform

Medcom Benefit Solutions prides itself on helping employees, employers, brokers, and partners navigate the turbulent waters of today’s tax, healthcare, and compliance systems.  We are also here to keep you up-to-date about new laws and how they affect you and your business.

Below, we have mapped out the top 10 most important takeaways from the recent IRS tax reform legislation.

This may mean huge savings during tax season: Many business owners may deduct up to 20% of their qualified business income! Here are the FAQs to learn more: https://bit.ly/2RbxOtc There is...

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