PRISM Login

To access the carrier product and rate information provided by PRISM, check the box below indicating you have read and agree to the license agreement. A button will then appear to access PRISM.

This site uses cookies to track your agreement option. If the terms of the license agreement change or if you clear the cookies from your browser, this page will appear once again during the PRISM login process.

Delta Dental Quoting

Employer contribution entered in Dental Contribution under Group Information affects the Delta Dental plans and rates returned. Please be aware that Delta Dental will require groups with 100% employer contribution to have 100% participation.

If you need assistance, please contact our Quotes team at quotes@claremontcompanies.com or 800.696.4543.

Login To Prism

Sterling HSA

Archive for the ‘Sterling HSA’ Category

2023 New HSA Limits

Posted by

Due to the recent rise in inflation, the IRS announced considerable increases in the 2023 Health Savings Account (HSAs) contribution limits and catch-up contributions; and High Deductible Health Plan (HDHP) minimum deductibles and out-of-pocket amounts.

This early announcement will give employers ample time to plan ahead and communicate with employees about making health care choices before for open enrollment season.

The chart below shows a comparison of the 2023 versus the 2022 amounts. Learn more.

2023 HSA Limits

HSA Administration Service Partners

Contact us today for help with HSA administration.

 

Questions?
Contact your Claremont team at 800.696.4543 or info@claremontcompanies.com.


Get The Latest News with Text Messaging!

Your success is important to us, and we’re actively working on new solutions to support you throughout the year. To get the latest news via text messaging in the future, simply provide your cell phone number here.

Sign Up for Text Messaging

 

 

 

Sterling Administration – New FMLA Administration Service

Posted by

The US Department of Labor recently announced that it would ramp up FMLA audits on employers. To ensure your employer groups with 50+ employees are compliant with the FMLA and last year’s significant California Family Rights Act (CFRA) leave expansion, now is a good time for them to review their compliance and administration needs.

The newly launched Sterling Family and Medical Leave Act (FMLA) administration service will:

About The FMLA

The FMLA provides eligible employees with up to 12 workweeks of unpaid job-protected leave per year. It also requires covered employers to maintain group health benefits for employees on FMLA leave and offer the same or an equivalent job at the end of their leave.

Employers are eligible and considered a covered employer if they’re a:

Employees are eligible for the FMLA leave if they:

Eligible leaves under the FMLA are:

To learn more, visit Sterling Administration and contact us at 800.696.4543 or info@claremontcompanies.com for assistance enrolling your groups.

 

Questions?
Contact The Answer Team at 800.696.4543 or info@claremontcompanies.com.


Get The Latest News with Text Messaging!

Your success is important to us, and we’re actively working on new solutions to support you throughout the year. To get the latest news via text messaging in the future, simply provide your cell phone number here.

Sign Up for Text Messaging

 

 

 

Sterling Administration – Lifestyle Spending Accounts

Posted by

Your clients likely need different benefits offerings to attract and retain employees. Lifestyle Spending Accounts (LSAs) provide employers the opportunity to offer additional benefits that meet the new needs of the workforce.

Funded by employers, LSAs provide employees more choice and pay for lifestyle, health, and wellness benefit options that meet their specific needs. Typical benefits can include:

As an after-tax benefit, an LSA isn’t subject to government reporting requirements, contribution limits, limits on types of disbursements, or categories of employee eligibility. Employer contributions are tax-deductible and employers can decide how often funds are distributed into the account and what types of purchases are considered eligible.

Help your clients incentivize current employees, recruit new employees, and be positioned for success in this challenging environment by offering employees extended benefits to promote their physical, mental, emotional and financial wellness.

To learn more, check out the Sterling flyer and contact us at 800.696.4543 or info@claremontcompanies.com for assistance enrolling your groups in a Lifestyle Spending Account.

 

Questions?
Contact The Answer Team at 800.696.4543 or info@claremontcompanies.com.


Get The Latest News with Text Messaging!

Your success is important to us, and we’re actively working on new solutions to support you throughout the year. To get the latest news via text messaging in the future, simply provide your cell phone number here.

Sign Up for Text Messaging

 

 

 

Sterling Administration – 2022 HSA and HDHP Limits

Posted by

The IRS announced* 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs), HSA-qualified High Deductible Health Plans (HDHPs), and accepted benefit Health Reimbursement Arrangements (HRAs).

The 2022 HSA contribution limits and catch-up contributions, and HDHP minimum deductibles and out-of-pocket amounts are listed in the chart below.

HSA and HDHP Limits

FSA and HSA Store Eligible Items

To learn what is eligible with your FSA and HSA plans, check out Sterling Administration’s partner – the HSA Store and FSA Store. It’s an easy-to-use online shopping platform that offers 24/7 chat and online help.

 

Questions?
Contact your Claremont team at 800.696.4543 or info@claremontcompanies.com.

 

Sterling Administration Year-End HSA and FSA Tips and Reminders

Posted by

Help your clients make the most of their accounts with the following tips and reminders.

Health Savings Accounts (HSA)

Accountholders can make contributions to their 2020 plans until tax day 2021. View the video to learn how.

2021 HSA and High Deductible Health Plans (HDHP) Contributions and Out-of-Pocket Limits 

HSA & HDHP Contributions and OOP Limits

2021 Flexible Spending Accounts (FSA) Limits

FSA End-of-Year Statements and Deadlines

Sterling’s Year-End Statement will show you how much is left to spend in your account and your deadlines for spending and reimbursement. To access your Year-End Statement, log in to your FSA account and view “Statements” then select “Year-End Statements.” Click “Run Statement” to generate a report showing any remaining funds left to spend for 2020, and any associated deadlines for associated spending and reimbursement.

The statement may include information on Rollover, Grace Period, or Run-Out Period. Below are the Rollover, Grace Period, and Run-Out-Period definitions.

Rollover
If your plan has a rollover, you may move up to $550 of unused FSA funds to the following plan year. The rollover doesn’t affect the following plan year’s maximum contribution amount.

Grace Period
If your FSA plan has a grace period, you have up to two-and-a-half months at the end of your plan year to spend unused FSA funds and incur new FSA eligible expenses. For example: If you had a December 31 FSA year deadline, your grace period would allow you to use your FSA funds through March 15.

Run-Out Period
If your FSA plan has a run-out period, you have an extended period of time at the end of the FSA plan year to submit receipts for reimbursement. You can only get reimbursed for claims incurred during the previous FSA plan year. The run-out period varies with each plan.

For more FSA information, visit the Sterling Administration website.

FSA and HSA Store Eligible Items

Take the guesswork out of what is eligible with your FSA and HSA plans with Sterling Administration’s partner – the HSA Store and FSA Store. It’s an easy-to-use online shopping platform that offers 24/7 chat and online help.

Use these valuable coupons when shopping.

Sterling Administration Coupons

 

Questions?
Contact your Claremont team at 800.696.4543 or info@claremontcompanies.com.

 

CARES Act HSA, FSA, and HRA Changes

Posted by

Help your clients and their employees understand the CARES Act changes to Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs) with this recap from Sterling Administration.

CARES Act and HSAs

What is the HSA Contribution Deadline?
The IRS has confirmed that account holders can make contributions to HSAs for the 2019 plan year up to the new filing deadline of July 15, 2020. The IRS states that contributions to an HSA may be made at any time during the year or by the due date for filing that year’s tax returns. This rule applies to the new federal income tax filing deadline for 2020, which the IRS extended in response to the COVID-19 crisis.

Does my HSA Cover COVID-19 Testing and Treatment?
The IRS (Notice 2020-15 on March 11, 2020) allows high-deductible health plans (HDHPs) to cover testing and treatment for COVID-19 without a deductible. Coronavirus testing and treatment are considered qualified medical expenses under an HDHP, and people can use HSA funds to pay for it. Due to the COVID-19 national health emergency, Notice 2020-15 also applies to HDHPs that would otherwise be disqualified under Internal Revenue Code section 223(c)(2)(A). In other words, HDHPs that provide additional health benefits covering Coronavirus testing and treatment, and HDHPs with a deductible that falls below the minimum requirement are also subject to the Notice.

Does the CARES Act Expand the List of Reimbursable Expenses through an HSA? (Over-the-Counter (OTC) Drugs and Menstrual Care Products)
Yes. The CARES Act states that consumers can purchase OTC drugs and medicines (including menstrual products) with funds from an HSA, FSA, or HRA. Consumers may also receive reimbursement for OTC purchases through those accounts. This provision is effective for purchases and reimbursements of expenses incurred after December 31, 2019. No expiration date.

What Has Changed Regarding Telehealth?
The CARES Act states that “telehealth and other remote care services” below the deductible will be permitted in an HSA-compatible HDHP. This provision is effective immediately and will expire on December 31, 2021.

CARES Act and FSAs

Does the CARES Act Expand the List of Reimbursable Expenses through an FSA? (Over-the-Counter (OTC) Drugs and Menstrual Care Products)
Yes. The CARES Act states that consumers can purchase OTC drugs and medicines (including menstrual products) with funds from their HSA, FSA, or HRA. Consumers may also receive reimbursement for OTC purchases through those accounts. This provision is effective for purchases and reimbursements of expenses incurred after December 31, 2019. No expiration date.

Can Dependent Care FSA Participants Who Have Lost Preschool and Childcare Services Due to Facility Closures Reduce Their DCA Elections or Terminate Altogether?
Yes. Participants can reduce or terminate their dependent care account elections under these circumstances, as their childcare needs have changed. However, account holders are advised to keep in mind that they may not need to change or revoke their plan elections, even if they are not incurring any new dependent care expenses. Account-holders may be able to claim their full plan year elections once the shelter-in-place orders cease, as childcare expenses can often reach the $5,000 annual contribution limit within 2-5 months.

CARES Act and HRAs

Does the CARES Act Expand the List of Reimbursable Expenses Through an HRA? (Over-the-Counter (OTC) Drugs and Menstrual Care Products)
Maybe. It depends on how the employer’s specific HRA is set up. Reimbursable expense rules under an HRA plan vary from employer to employer, so your HRA plan documents will need to be reviewed.

The CARES Act states that consumers can purchase OTC drugs and medicines (including menstrual products) with funds from their HSA, FSA, or HRA. Consumers may also receive reimbursement for OTC purchases through those accounts. This provision is effective for purchases and reimbursements of expenses incurred after December 31, 2019. No expiration date.

FSA and HSA Store Eligible Items

Take the guesswork out of what is eligible with your FSA and HSA plans with Sterling Administration’s partner – the HSA Store and FSA Store. It’s an easy-to-use online shopping platform that offers 24/7 chat and online help.

Use these valuable coupons when shopping.

Sterling Administration Coupons

 

Questions?
Contact your Claremont team at 800.696.4543 or info@claremontcompanies.com.

 

EMAIL NEWSLETTER POST

Posted by

Get Industry news and exclusive updates in
your inbox, weekly.

HSA Explainer Videos for Employers and Employees

Posted by

Are your clients and their employees confused about Health Savings Accounts (HSA), Flexible Spending Accounts (FSA), and Health Reimbursement Arrangements (HRA)?

Sterling Administration has created the following videos that explain the HDHP/HSA options and what your clients need to consider:

Help! What Exactly is an HSA?

What Expenses Are Eligible with an HSA, FSA, or HRA?

HSA Success Story: Practice Fusion

 

Questions?
Contact the small group experts at 800.696.4543 or info@claremontcompanies.com.

 

Did You Know? HSAs and Medicare

Posted by

HSAs Keep Working After Retirement
Retirees cannot contribute to HSAs after enrolling in Medicare – but they can still retain and use the funds in HSAs they previously established. If they don’t use the money in the HSA, they retain it. HSAs are also portable – meaning that when changing jobs or health insurers, the HSA stays with the individual – even when enrolling in Medicare.

HSAs Cover Medicare Gaps
Original Medicare does not cover everything. Many of the gaps left by Medicare are considered qualifying medical expenses under an HSA. These may include:

Retirees May Be Able To Delay Medicare To Maximize HSA Contributions
Late enrollment in Medicare can result in hefty penalties. However, if the individual receives qualifying health insurance through an employer with 20 or more employees, they may be able to delay Medicare enrollment and Social Security benefits without a penalty. This delay would allow them to continue making contributions to their HSA.

Sterling Health Services Administration is an independent, privately held company that specializes in administering health savings accounts (HSAs), health reimbursement arrangements (HRAs), flexible benefit plans (FSAs and transportation benefits), premium only plans (POPs), and COBRA.

Sterling partners with the HSA Store, where HSA participants can save money and time when they shop for HSA-eligible products.

Questions?
Contact the small group experts at 800.696.4543 or info@claremontcompanies.com.

 

Did You Know? HSAs Compared to Other Retirement Savings Vehicles

Posted by

Retirement Savings Vehicles

There are many retirement savings vehicles, each with distinct features and benefits. Below is a comparison to help you advise your clients.

Did you know? HSAs Compared to Other Retirement Savings Vehicles

Sterling Health Services Administration is an independent, privately held company that specializes in administering health savings accounts (HSAs), health reimbursement arrangements (HRAs), flexible benefit plans (FSAs and transportation benefits), premium only plans (POPs), and COBRA.

Sterling partners with the HSA Store, where HSA participants can save money and time when they shop for HSA-eligible products.

Questions?
Contact the small group experts at 800.696.4543 or info@claremontcompanies.com.