Forget the old saying: “What happens in Vegas, stays in Vegas.” What happened last night is too good to keep to ourselves.
Yesterday, Joe Jackson, CEO of WageWorks, received the top honor from The Institute for Healthcare Consumerism (IHC). Joe was on hand in Las Vegas to receive the John J. Robbins Sr. Memorial HealthCare Consumerism Leadership Award – given to an outstanding leader in the support of Consumer-Directed Benefits.
Joe was recognized for leading WageWorks’ ongoing efforts to ensure that more families and more employees are able to take advantage of Consumer-Directed Benefits.
By leading productive conversations with legislators, the Treasury Department, the IRS, and key industry groups, WageWorks has been playing an active and impactful role in improving the usefulness and flexibility of tax-advantaged benefits accounts. Notable contributions include:
- Three years before the passage of the Affordable Care Act (ACA), winning support of lawmakers to ensure that programs such as Flexible Spending Accounts (FSAs) and Health Savings Account (HSAs) were preserved.
- Being vocal about the need to establish a federal cap on FSA contributions, and working with the IRS to implement a $2,500 limit as a pre-requisite to ending the “Use it or Lose it” provision.
- Ongoing outreach that contributed to the IRS amending its “Use It or Lose It” (UIOLI) provision for Healthcare FSAs, with a new $500 Carryover provision implemented in 2013.
We’re proud of Joe and the team’s efforts in helping the average working family become more involved in their personal healthcare and providing opportunities to stay healthy and save money in the process.
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