Concussions are a common injury in events like car crashes and sporting activities. The impact of concussions can be severe. Click the link to download or print the safety sheet for information on symptoms and how to treat concussions.
Concussions
News
New Location Addresses for Evergreen Insurance Offices
Evergreen Insurance is excited to announce that in the next few months, we are going to be relocating two of our physical office locations. Our staff remains the same, and we are ready to continue to assist you with your insurance needs.
The two physical locations that will be changing are our offices located in Ebensburg and Greensburg.
- Our Ebensburg location will be changing from 196 Industrial Park Road, Ebensburg, PA 15931 to 416 South Center Street, Ebensburg, PA 15931
- Our Greensburg location will be changing from 701 East Pittsburgh Street, Greensburg, PA to 1000 Village Drive, 4764 State Route 30 East, Greensburg, PA 15601
The exact dates of the location changes are still to be determined, and as those details are finalized, they will be shared with you. We will also be posting updates here on our website – as well as on our LinkedIn, Twitter, Instagram, and Facebook pages. Be sure to follow us on social media to stay up-to-date!
If you have any questions about these changes, or if we can be of assistance to you, please call us at 800-662-2020.
Health FSAs Feature Carry-Over Option
Sometimes, leftovers can be more satisfying than when the meal was first served. You somehow appreciate it more, when you can enjoy something that wasn’t used up the first time.
Now, that satisfying carry-over feeling extends to Health Flexible Spending Accounts (FSA).
A Health FSA is an employer-sponsored account that employees can use to pay for or reimburse their qualifying medical expenses on a tax-free basis, up to the amount contributed for the plan year. Typically, Health FSAs are subject to a “use-or-lose” rule that generally requires any unused funds at the end of the plan year (plus any applicable grace period) to be forfeited.
As an exception to this use-or-lose rule, however, employers may allow participants to carry over up to $500 in unused funds into the next year to pay or reimburse medical expenses incurred during the entire plan year to which it is carried over. Also, the carry-over amount does not count toward the Affordable Care Act’s (ACA) limit on employees’ salary reduction contributions to a health FSA.
For this purpose, the remaining unused amount as of the end of the plan year is the amount unused after medical expenses have been reimbursed at the end of the plan’s run-out period for the plan year. For plan years beginning on or after Jan. 1, 2022, the limit on Health FSA carryovers increases from $500 to $570.
The IRS has provided the following rules for Health FSA carryovers:
- A Health FSA may:
- Specify a lower amount as the maximum (and has the option of not permitting any carryover at all);
- Permit carryovers only if it does not also incorporate the grace period rule. The carryover may be used to pay or reimburse medical expenses incurred during the entire plan year to which it is carried over;
- Limit the ability to carry over unused amounts to a maximum period (for example, a health FSA can limit the ability to carry over unused amounts to one year); and
- A cafeteria plan is not permitted to allow unused amounts relating to a health FSA to be cashed out or converted to any other taxable or nontaxable benefit.
See how the Health FSA carry-over option can apply to your business and provide an added benefit for your employees. Contact the professionals at Evergreen for more information.
Copyright 2022 Evergreen Insurance
Evergreen Insurance provides these updates for information only, and does not provide legal advice. To make decisions regarding insurance matters, please consult directly with a licensed insurance professional or firm.
National Preparedness Month
September is National Preparedness Month. Although it’s not pleasant to think about, a natural disaster could occur at any time. It is essential to create a plan and prepare for an emergency. Your preparation now could save a life. Click on the image to download or print the safety sheet.
Homeowners Insurance Policy Questions and Answers
Homeowners insurance is vital to protect your home from accidents and disasters. However, many people are not fully aware of what their policy covers. Click on the image to download or print the sheet of common questions about coverage.
Life Insurance Awareness Month
Life Insurance Awareness Month kicks off today! Use this important reminder to protect yourself and your loved ones with life insurance: https://evergreeninsurance.net/products/life-health/individual-life/ #GetLifeInsurance #LIAM22
Best Fuel Efficiency Practices for Fleets
With fuel prices going up, it can be extremely beneficial to improve the fuel efficiency of your company’s fleet. Implementing fuel-efficient maintenance strategies, policies, and technology can make a difference. Click on the image to download or print the tip sheet.
Bridge Your Auto Policy Gap with Drive-other-car Coverage
When providing employees with company cars, check to see if they have their own automobile policy. If not, drive-other-car coverage can help protect you from any gaps in policy. Click on the image to download or print the information sheet.
Operating Grain Dryers
Grain dryers can be very helpful and efficient when harvesting crops. However, they can be dangerous if not used properly, especially when it comes to starting fires. Click on the image to download or print the safety sheet for tips on how to prevent grain dryer fires and keep your work area safe.
Beating the Summer Heat
Despite the approaching back-to-school season, the summer weather is still strong. There are a lot of dangers when the temperatures are high. Click on the image to download or print the safety sheet for tips for fighting the summer heat and avoiding heat related injuries.
