On Dec. 13 President Barack Obama signed the 21st Century Cures Act into law. The law allows small businesses to use HRAs to fund employees who purchase individual health plans on the open market. Employers that don't sponsor a group health plan and who have fewer than 50 full-time employees can fund employee HRAs to…Read more
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Wishing You a Peaceful and Joyous Holiday! On behalf of myself and all the staff of Redwood Health Services we'd like to express our best wishes for a happy holiday season and our sincere thanks for your loyalty and goodwill throughout the year.Read more
With the high out-of-pocket costs of your new health plan, it's time to consider enrolling in an FSA. Employer-sponsored flexible spending accounts (FSAs) are benefit plan arrangements that allow employees to pay for certain health care or dependent care expenses on a pre-tax basis. It can be offered alone or in conjunction with a major…Read more
Over the past couple of weeks we have received numerous inquiries regarding the safekeeping and management of Employer funds. We hold in great regard the safekeeping of monies entrusted to us by the Employer. The following explains banking options for our Employer clients. 1. RHS is custodian of claims fund bank account RHS sets up…Read more
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