Medcom Blog

Our CDHP Solutions

Our CDHP Solutions

We are quickly approaching August, and it’s never too early to start planning for your Open Enrollment!

Open Enrollment is the time of year you can make changes or purchase additions to your health insurance plan, and we’re here to make it a hassle-free process by offering a wide range of solutions and customized training for your team. We’ve listed some of the consumer-driven health plans we offer below.

FSA A Flexible Spending Account is an employer-funded account that lets you set aside pre-tax dollars to use...

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COVID and Employee Benefits: From Beginning to Now

COVID and Employee Benefits: From Beginning to Now

In February, President Biden further extended the National Emergency declaration, which is ongoing today. We are, however, beginning to see the light at the end of the tunnel as vaccinations increase. It’s been a long, tiresome road, and we wanted to recap on a few of the changes that came about due to the pandemic.

We put together a timeline of events describing how COVID has affected the employee benefits industry.

March 18, 2020: Families First Coronavirus Response Act

The FFCRA requires all employers with less than 500 employees and public employers,...

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HSA & DCAP Changes for 2022

HSA & DCAP Changes for 2022

Can you believe we’re almost halfway through the year? 2022 is right around the corner and before you know it Open Enrollment season will be here! To help us get prepared, we are taking time this week to discuss the recent IRS update for Health Savings Accounts and Dependent Care Assistance Programs.

2022 HSA Limits

Last week the IRS issued Revenue Procedure 2021-25, providing the HSA cost-of-living contribution and coverage adjustments for 2022. It also includes the 2022 limit for Excepted Benefit HRAs. We broke it down in layman’s terms for you below, showing the changes from 2021...

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UPDATES: Dependent Care, Outbreak Period, & ACA Requirements

UPDATES: Dependent Care, Outbreak Period, & ACA Requirements

In January we hosted a webinar and published a subsequent blog, How the Pandemic Affects FSAs and Dependent Care, and typical for this Pandemic, we now have updates for some of that information. Things are changing rapidly and e are working very hard to ensure you have the most current information possible, at all times.

Dependent Care

During the webinars we presented a few weeks ago a question kept coming up over and over:

"If an employer allows a roll-over of unused DCAP funds from 2020 to 2021 as allowed by the CAA-2021, does this reduce the maximum...

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