retirement

Medicare Part D Notices Must Be Distributed by October 14th

Posted September 19th, 2016 in Producers, Employers, Individuals
Medicare Part D Notices Must Be Distributed by October 14th
Employers must provide a written notice on an annual basis to any Medicare-eligible individuals who are covered under a group health plan that includes prescription drug coverage. The notice is required to include information as to whether the prescription drug coverage is considered to be creditable. In other words, is the prescription drug coverage at least as good as the standard Medicare Part D plan? 
 
Tags:
Medicare, Employee Benefits, Centers for Medicare and Medicaid Services, COBRA, retirement
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HSA or 401(k)?

Posted August 7th, 2015 in Producers, Employers, Individuals
HSA or 401(k)?
In a perfect world we would all save as much money as we could for retirement, but the reality is the average person has a limited amount they can save for the future. That being said, some Health Savings Account (HSA) advocates are saying employees should consider funding an HSA before a 401(k) or other retirement savings vehicle. Advocates stress that HSAs have one leg up on 401(k) plans because of a triple tax advantage feature.
 
  1. HSA contributions are tax deductible……just like 401(k) contributions.
Tags:
health savings accounts, HSAs, retirement, contribution limit, consumer driven
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2014 National Employee Benefits Day

Posted April 2nd, 2014 in Producers, Employers, Individuals
National Employee Benefits Day

Each year on April 2, the International Foundation of Employee Benefit Plans (IFEBP) champions the effort to recognize all those who participate in the employee benefits industry and their hard work. As an IFEBP member, Flexible Benefit Service LLC (Flex) wants to thank you for your business and remind you to participate in the festivities, as well.

Tags:
health savings accounts, HSAs, retirement, Employee Benefits
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Health Savings Accounts: Repurposed for Retirement

Posted October 23rd, 2012 in Individuals, Employers
Health Savings Accounts Repurposed for Retirement

According to an estimate by Kaiser Health News, a couple retiring in 2012 will spend $240,000 on health care expenses. Statistics also indicate that a majority of employees (consumers) save virtually nothing on their own for retirement, other than through employer-sponsored plans (i.e., 401(k) plans).

There is an elephant in the room and people are starting to take notice. Flexible Benefit Service LLC (Flex), in a nod towards National Save for Retirement Week (a congressionally endorsed, national event that takes place from October 21 – 27, 2012) is featuring the capabilities of a health savings account (HSA) repurposed as a smart way to begin to save for retirement.

Tags:
benefits, consumer driven, health savings accounts, HSA, news, retirement
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