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Financial Fitness Education

Financial Fitness Education

BIG news for Medcom this week as we launch our new Financial Fitness online learning platform!

Medcom is excited to offer this new finance perk to our HSA and HRA participants, which provides online learning opportunities for investing, saving, and generally growing your wealth. I am not sure about you, but that certainly makes me excited. If there is one thing I am unsure about the most, it is how to invest in my retirement. Granted, I still have several years before that is my reality, but it is never too early to start or too late!<...

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Open Enrollment Tools for Your Team

Open Enrollment Tools for Your Team

It is hard to believe that even with a world-wide pandemic, time has managed to keep moving, and Open Enrollment is once again around the corner. Contrary to popular belief, Open Enrollment is not just for electing or changing your health insurance benefits. Open enrollment is also a time to enroll, make changes, and set elections for your FSAs and HSAs.

Many people spend too much time trying to figure out what an FSA is or if they should invest in an HSA to have any energy to put towards making plans for their healthcare future. Our...

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Getting More From Your Benefits

Getting More From Your Benefits

Everyone is looking for the BEST option when it comes to careers. We all want the best pay, but sometimes, what's more important is the added benefits that come along with that paycheck. For me, I want to know if a business offers good health benefits, 401(k), and ways to help me save and grow my money to prepare for the future. With steep competition in the job market, some companies are going above and beyond your basic benefits package and retirement account offerings. They are going much bigger than traditional FSAs, HSAs, and HRAs. They are looking...

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New PCORI Fees Announced

New PCORI Fees Announced

The IRS recently provided notice 2020-44 announcing the new PCORI fees for plan years from October 2019 through October 2020. The new fee is an increase of $0.09, from $2.45 to $2.54. While this amount is important to know, it is essential to understand what PCORI fees are and how they affect your ACA Employer Reporting.

PCORI Basics

PCORI stands for Patient-Centered Outcomes Research Institute. The Patient-Centered Outcomes Research Trust Fund fee is a tax on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans. It assists in funding the institute. Imposed by §§ 4375 and 4376 of...

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