The Truth About Payroll Cards – They’re Here to Stay

Human Capital Management Channel

By Josh Davis

There has been a lot of buzz revolving around the payroll card industry after a recent lawsuit that sprung up, negative press articles appeared, and the start of an investigation by New York Attorney General, Eric Schneiderman, began. So, I sat down with Bernie Nolan from Global Cash Card to get both sides of the prepaid payroll card story and offer an overview for payroll providers still interested in or concerned about providing this as an option to clients. To read Bernie’s guest post on our blog about the benefits of providing paperless pay options to your clients, click here.

The Market for Payroll Cards is Growing… Fast
It is important to note as a provider of payroll services that the payroll card industry is continuing to grow at a steady rate. In fact, according to a report by the Aite Group, $34 billion…

View original post 583 more words

Advertisements

New legislation would allow health savings accounts to cover nutritional supplements

Forward Motion

Two new pieces of legislation have been introduced before Congress that, if passed, will expand coverage options for individuals with either Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs). According to a recent Action Alert issued by the Alliance for Natural Health – USA (ANH-USA), funds held in both HSAs and FSAs would cover dietary supplements under the new bills, a major policy change that has the potential to dramatically cut healthcare costs and further promote health freedom.

Introduced by Senator Orrin Hatch (R-UT), the Family and Retirement Health Investment Act of 2013 provisions that the term “medical care” be expanded in definition to include dietary supplements, allowing up to $1,000 from HSAs and FSAs to be spent on them for medical care each year. Additionally, Representative Erick Paulsen (R-MN) introduced House Resolution (H.R.) 2194 as a companion bill in the House.Buying-Supplements

Together, the bills would combine to establish…

View original post 442 more words