Blog

The Medcom Bridge: Phase II

The Medcom Bridge: Phase II

Welcome to Phase II of the Medcom Compliance Bridge! Our team worked hard to enhance the Bridge platform to make the experience easy for anyone needing Compliance Services. You’ll want to hear all about this round of updates if you’ve ever used the Bridge or are interested in learning more. But first, if you haven’t heard of the Bridge or used it before and would like to learn more, please get in touch with us at bridge@medcombenefits.com. Our team of experts and our Bridge liaison can set you up with...

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Navigating the Complexities of the Affordable Care Act

Navigating the Complexities of the Affordable Care Act

On Tuesday, our senior legal counsel, Michelle Barki, laid out some tough situations related to the Affordable Care Act (ACA). We understand there is a lot of confusion around the ACA, and we’re here to help! Below we’ve listed a few situations each followed by guidance from our senior legal counsel.

Your clients are using the Federal Poverty Safe Harbor and have never had to pay a 4980H(b) penalty, but they pay a lot in premiums. Now, they want to go to the W-2 Method and pass more of the cost of...

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World Cleanup Day 2021

World Cleanup Day 2021

World Cleanup Day occurs annually on the third Saturday of September. It’s a global movement involving millions collectively executing the largest waste collection in human history. In 2020, over 11 million people in 166 countries participated in this movement despite the challenges last year brought!

The Journey Towards Zero-Waste

World Cleanup Day began in Estonia in 2008 when 50,000 people came together to clean up the entire country in just five hours. As a result, this small country sparked a worldwide movement to save our planet and create a better home for future generations.

Let’s Do...

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Everything You Need to Know About DCAP

Everything You Need to Know About DCAP

A Dependent Care Assistance Program is a tax-exempt benefit provided by employers to employees to help pay for the care of a dependent. It is a type of Flexible Spending Account (FSA) where you set aside tax-free dollars from your paycheck to use as payment for eligible daycare services. After paying for care and filing a claim, employees are reimbursed for the expenses incurred from the DCAP account.

Unlike FSAs, DCAP funds are available only as they are accrued, per payroll deduction. Funds do not roll over, so any remaining funds in the DCAP account are lost...

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