To improve the bank reconciliation process for co-ops that offer flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs), a change has been made to the employer funding reports that show claims transactions. Previously, check and electronic funds transfer (EFT)[…]

Beginning today, April 1, 2015, cooperatives that have flexible spending accounts (FSA) and health reimbursement accounts (HRA) claims administered by Cooperative Benefits Administrators (CBA) will have access to a new report, “Reconciliation by Batched EFTs.” This report is automatically generated[…]

Due to an issue that occurred during a recent software upgrade, the March Employer Funding Notification Report contained incorrect data. We are in the process of removing the inaccurate reports and substituting corrected reports. This process should be completed by[…]

This week, Cooperative Benefit Administrators (CBA) is mailing a brochure with important debit card information to participants who elected the debit card option for their flexible spending account (FSA) or health reimbursement arrangement (HRA). The information in the brochure, “Seven[…]

The IRS recently announced that the maximum annual contribution limit for Flexible Spending Accounts will edge up $50 to $2,550 for 2015. This allows employers to increase their plan limits but it is not a mandatory change. Unfortunately, this announcement[…]