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77 FSA-Eligible Expenses to Buy Before Your Money Expires

January 30, 2025 By Insurance Experts Leave a Comment

“You’ve probably used your flexible spending account (FSA) to pay for qualified medical expenses like prescription eyeglasses and dental expenses. But if you find yourself with FSA money remaining in your account toward the end of the year, you’ll want to find other things to spend it on soon. An FSA is known for its “use it or lose” feature, which means you’ll forfeit any leftover money in your account after the deadline. 

Below, we’ll share 77 ways to use your FSA funds for yourself, your spouse, or a qualified dependent. Since it’s an employer-sponsored health benefit, you’ll want to use the funds to pay for IRS-approved medical expenses or you’ll miss the full tax benefits of having this type of account.”

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Filed Under: Health Insurance, Tip of the Month

In Settling Fraud Case, New York Medicare Advantage Insurer, CEO Will Pay up to $100M

January 23, 2025 By Insurance Experts Leave a Comment

A western New York health insurance provider for seniors and the CEO of its medical analytics arm have agreed to pay a total of up to $100 million to settle Justice Department allegations of fraudulent billing for health conditions that were exaggerated or didn’t exist.

 

Independent Health Association of Buffalo, which operates two Medicare Advantage plans, will pay up to $98 million. Betsy Gaffney, CEO of medical records review company DxID, will pay $2 million, according to the settlement agreement. Neither admitted wrongdoing.

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Filed Under: Health Insurance

Does Aerobic or Anaerobic Exercise Benefit You More When It Comes to Your Overall Fitness?

January 9, 2025 By Insurance Experts Leave a Comment

To the untrained ear, the terms “aerobic” and “anaerobic” sound like some fitness mumbo jumbo only an exercise physiologist needs to know. Actually, anyone who hits the pavement, pool, studio, or strength room—or wants to—should know. That’s because all types of workouts in the world fall under one of these umbrella terms or another.
The quick of it is that some exercises use oxygen for fuel (are aerobic), while others do not (are anaerobic). While both forms of exercise will benefit your health even more than lube benefits your sex life, understanding the nitty-gritty differences between aerobic and anaerobic exercise will help you figure out the best workout splits for your health and fitness goals.

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Filed Under: Health Insurance

Anti-Fraud Efforts Meet Real-World Test During ACA Enrollment Period

January 2, 2025 By Insurance Experts Leave a Comment

Unauthorized switching of Affordable Care Act plans appears to have tapered off in recent weeks based on an almost one-third drop in casework associated with consumer complaints, say federal regulators. The Centers for Medicare & Medicaid Services, which oversees the ACA, credits steps taken to thwart enrollment and switching problems that triggered more than 274,000 complaints this year through August.

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Filed Under: Affordable Care Act, Health Insurance

Act now for health coverage in 2025

December 12, 2024 By Insurance Experts Leave a Comment

Just a few more days to make sure you have coverage for January!

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Filed Under: Health Insurance

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