News

LBS is now integrated with Employee Navigator

Posted on: 4/12/2022 9:00 AM

Lifetime Benefits Solutions, Inc. (LBS) is now integrated with Employee Navigator’s Human Resources Information System (HRIS) platform. With LBS integrating with Employee Navigator, this eliminates the upfront file feeds on the Health FSA, Dependent Care FSA and COBRA implementation side.  In fact, there are no membership file feeds required, making implementation easier for you and your client. For those not familiar with Employee Navigator, it provides HR and benefit software solutions as wel… Read More

2022 Limits for Health Saving Accounts and High-Deductible Health Plans

Posted on: 5/21/2021 10:35 AM

On May 10, 2021, the Internal Revenue Service (IRS) announced (see Revenue Procedure 2021-25) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs).… Read More

NACHA Micro-Deposit Process Expectation

Posted on: 3/1/2022 12:00 PM

Enforcement of the National Automated Clearing House Association (NACHA) new WEB Debit Account Validation rule will commence on March 19, 2022. In advance, we're sharing with you more details on what participants can expect when setting up direct deposit with Lifetime Benefit Solutions to be reimbursed from either their Flexible Savings Account (FSA), Health Reimbursement Arrangement (HRA) and/or Health Savings Account (HSA). As of March 1, 2022, LBS will begin instructing participants to log … Read More

Setting Every Community Up for Retirement Enhancement (SECURE) Act

Posted on: 2/20/2020 4:21 PM

On December 20th, 2019, the Secure Act was signed into Law, a bill to help employers implement retirement plans for their employees. Please find below some of the many changes, affecting qualified retirement plans, brought about with this bill:• Increase of tax credit limit for small employer pension plan start-up costs: Existing tax credit of $500 for a plan’s start-up costs has been increased to as much as $5,000 per year for the first three years, encouraging small employers to adopt plans.… Read More