Lifetime Benefit Solutions in Expansion Mode

Syracuse, NY — July 19, 2023 — Lifetime Benefit Solutions (LBS), the upstate New York-based third-party administrator with offices in Syracuse, Rochester, and Buffalo, is increasing its presence in Virginia, North Carolina, South Carolina, and Tennessee with its purchase...


Lifetime Benefit Solutions again recognized as Best in Class

Syracuse, NY — June 8, 2023 — For the third year in a row, Lifetime Benefit Solutions (LBS) has been inducted into the Circle of Excellence by WEX, the global commerce platform. Syracuse-based LBS, with offices in Rochester and Buffalo, is an industry leader in designing,...


IRS Announces 2023 Employee Benefit Plan Limits

The IRS and the Social Security Administration recently announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2023. The link below compares the applicable...


New Employee Education Benefit: Student Loan Repayment Benefit

Lifetime Benefit Solutions Introduces Student Loan Repayment Benefit SYRACUSE, NY – Lifetime Benefit Solutions, Inc. (LBS), with offices in Syracuse, Rochester, and Buffalo, will offer a new Student Loan Repayment Benefit product beginning October 17, 2022. “Student loan...


2022 Open Enrollment Calendar Update

As a reminder, please see the below dates and information that should be kept in mind for the 2023 Open Enrollment period. If you have any questions, please reach out to your client service consultant for assistance. November: 2nd – Groups renewing their Reimbursement...


IRS Releases 2023 Limits for HSAs

On April 29, 2022 the Internal Revenue Service released Revenue Procedure 2022-24 which provides the 2023 inflation adjusted amounts for high deductible health plans (HPHPs) and Health Savings Accounts. The amounts for HSAs for 2023 as compared to 2022 are as follows:


LBS Named to WEX Circle of Excellence

Lifetime Benefit Solutions is proud to be inducted in the 2021 Circle of Excellence by WEX at its 2021 Partner Awards Ceremony during WEX Spark 2022. The Circle of Excellence recognizes the top echelon of its partner community. The annual Partner Awards underscore the...


Update on LBS COVID-19 Tolling Periods Administration

Update on LBS COVID-19 Tolling Periods Administration: On April 28, 2020, the Departments of Labor and Treasury jointly announced regulatory changes due to the impact of the COVID-19 (Coronavirus) pandemic. These regulations were meant to provide relief for members and...


LBS is now integrated with Employee Navigator

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...


NACHA Micro-Deposit Process Expectation

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...


IRS Announces 2022 Employee Benefit Plan Limits

The IRS and the Social Security Administration recently announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2022. The table below compares the applicable...


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