Technology

FSA Store® releases list of Top FSA Purchases for 2024; reminds consumers to heed the December 31 use-it-or-lose-it deadline for flexible spending accounts (FSAs)

Published

2 days ago

November 4, 2024

FSA Store data shows nearly 70% of account holders have a December 31 deadline, while industry data estimates FSA users collectively forfeit $3 billion in unused funds each year

DALLAS, Nov. 4, 2024 /PRNewswire-PRWeb/ — More than 35 million Americans are enrolled in flexible spending accounts (FSAs) to protect their health and finances, and roughly half of these individuals will forfeit funds because they did not spend down their account balance by the December 31st use-it-or-lose-it deadline. FSA Store®, the first and leading online store dedicated exclusively to selling FSA-eligible products and services, is working to change this trend by educating consumers about the FSA deadline and sharing its annual list of Top 10 FSA purchases and FSA deadline reminders.

At FSA Store, all we sell is FSA-eligible products and telehealth services, so there’s never any guesswork. Plus, our searchable eligibility list and FSA deadline spending tools provide the education and inspiration consumers need to spend their funds in meaningful ways.

The December 31 use-it-or-lose-it deadline is the date by which the majority of FSA users must spend remaining funds to avoid forfeiture (the loss of unused funds). Proprietary data from FSA Store indicates that nearly 70% of account holders have a December 31 deadline. Meanwhile, industry estimates show that FSA users forfeit an average of $3 billion each year by missing this deadline.

“As consumers continue to grapple with financial stress and recession fears, tools like FSAs can play a critical role in protecting their health and financial wellbeing, and when it comes to FSAs, that means avoiding forfeiture,” said Rachel Rouleau, chief compliance officer for Health-E Commerce®, the parent brand to FSA Store. “At FSA Store, all we sell is FSA-eligible products and telehealth services, so there’s never any guesswork. Plus, our searchable eligibility list and FSA deadline spending tools provide the education and inspiration consumers need to spend their funds in meaningful ways.”

To help account holders achieve this goal, FSA Store offers a Deadline Spending Guide and interactive deadline spending tool, a searchable eligibility list, product bundles, the ability to shop by price to align with their remaining funds, and much more. Consumers are encouraged to consider FSA Store’s list of most frequently purchased products so far this year.

Popular 2024 FSA Purchases
1. Wave Full Body Circulation Plate — Caring Mill™ by Aura. Featuring a combination of customizable vibration settings and an ergonomic design. This device enhances lymphatic drainage and alleviates joint and back pain with ease.
2. Full Body Analysis Scale — Caring Mill™ by Aura Keep track of essential body measurements like BMI, bone mass, basal metabolic rate and more. This scale was engineered with precision in mind to deliver accurate results fast and can be connected to most smartphones.
3. Ease Migraine and Eye Reliever with Compression and Heat — Caring Mill™ by Aura. Built to directly target pressure points, find relief from headaches, eye pain and tension, with intelligent heat technology.
4. Revive Heated Massage Gun — Caring Mill™ by Aura. This state-of-the-art pain relief device utilizes heat precision to directly bring relief to deep pressure points in muscle tissue.
5. reVive Light Therapy Lux Collection dpl® IIa Skin Treatment Panel. Experience medical grade LED therapy and skin treatment. This panel uses blue light technology to destroy skin bacteria with additional infrared support for quick healing and recovery.
6. Caring Mill™ by Aura Sleek Callus, Corn and Ingrown Toe Nail Remover. Treat Ingrown toenails, calluses, and corns and achieve flawless results in the comfort of your own home.
7. Revive Ultra Massage Gun from Caring Mill™ by Aura. This advanced handheld device is designed to provide a rejuvenating experience, with adjustable intensity levels and interchangeable heads. Customizable for individual experiences to target specific muscle groups and alleviate tension.
8. Supergoop! Unseen Sunscreen. Broad spectrum sun protection products with an SPF of 15 or more are FSA eligible. This includes hot brands like Supergoop!, so be prepared for sunny winter days, that warm weather vacation or a day on the slopes.
9. Sharper Image® Calming Heat XXL-Wide Massaging Weighted Heating Pad. Treat muscle aches and pain with soothing heat therapy of a heating pad, plus the added benefit of a weighted blanket.
10. Zyrtec Indoor & Outdoor Allergy Relief Tablets. Get 24-hour relief from indoor and outdoor allergies caused by dust, mold, pollen and more.

Deadline Reminders. In addition to understanding how FSA funds can be used, consumers should understand and remember these deadline facts in the coming weeks:

While December 31 is the most common spending deadline for FSAs, this deadline can vary based on an organization’s plan year. Account holders should log in to their FSA portal, if available, to verify their deadline, or check with their employer or FSA administrator.An employer may offer an FSA deadline extension, such as a partial rollover of unused funds; a grace period (2.5 months after your plan year end date; typically March 15); and/or a run-out period. These extensions are completely optional. Check on your FSA portal or with your employer, your benefits team, or FSA administrator to confirm availability of these options.

To help account holders avoid potential FSA forfeitures, FSA Store offers FSA deadline education, eligibility information, and 24/7/365 FSA-trained customer service support.

About Health-E Commerce
Health-E Commerce is the parent brand to FSA Store and HSA Store, online stores that serve the 70+ million consumers enrolled in pre-tax health and wellness accounts. The company also created Caring Mill™, a popular private-label line of health products through which a portion of every purchase is donated to the Children’s Health Fund. Since 2010, the Health-E Commerce brands have led the direct-to-consumer e-commerce market for exclusively pre-tax health and wellness benefits. Health-E Commerce plays an essential role in expanding product eligibility for important new categories within the list of eligible medical expenses.

Media Contact

Barbara Tabor, FSA Store, 651-230-9192, barbara@taborpr.com, https://fsastore.com

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SOURCE FSA Store

Technology

IgniteTech Delivers MyPersonas for Jive AI, Redefining Human-AI Collaboration

Published

11 mins ago

November 6, 2024

Groundbreaking announcement made at Financial Times’ Future of AI Conference

LONDON, Nov. 6, 2024 /PRNewswire/ — IgniteTech, a leader in enterprise AI solutions, today launched MyPersonas™ for the Jive AI platform at the Financial Times (FT) Future of AI Conference, where CEO Eric Vaughan shared insights during a fireside chat with FT Technology Reporter Stephanie Stacey.

MyPersonas represents a breakthrough in knowledge sharing by creating AI-powered digital clones of Subject Matter Experts (SMEs) that interact with users through natural-language, multi-modal chat sessions. The solution, which supports over 160 languages, addresses a universal challenge: making expert knowledge accessible without creating bottlenecks around key personnel.

What sets MyPersonas apart is its patent-pending dynamic learning capability. When the AI encounters questions it cannot answer, it automatically connects with the human expert through iOS, Android, Slack, or Microsoft Teams. The expert’s response is not only delivered to the user but also permanently enriches the AI’s knowledge base, ensuring continuous improvement and reducing repetitive inquiries over time.

“MyPersonas transforms the AI narrative from job replacement to human empowerment,” said Vaughan during his “AI Resistance to Renaissance” fireside chat. “We’re enabling organizations to multiply the impact of their top performers while freeing them to focus on strategic initiatives.”

The solution helps prevent SME burnout while enhancing team collaboration and accelerating decision-making. Organizations from small businesses to global enterprises can now provide around-the-clock access to expert knowledge without overwhelming key personnel.

First previewed at the ImagineAI Live Conference in Las Vegas in March 2024, MyPersonas demonstrates IgniteTech’s commitment to AI-first innovation. The rapid development cycle – just eight months from concept to market – showcases the power of AI-enhanced software development and IgniteTech’s successful transformation to an AI-first organization.

About IgniteTech
Founded in 2010, IgniteTech is a leading AI-first enterprise software company. With a track record of successful acquisitions and rapid innovation, IgniteTech’s solutions power businesses worldwide. The recent announcements of AI product visions and enhancements across its entire portfolio highlight IgniteTech’s commitment to transforming its offerings with AI-centric innovative solutions.

About Jive AI Software
Jive AI is an industry-leading Employee Experience Platform uniting people, knowledge, and content in a secure hub across mobile and desktop devices. It is an indispensable tool for millions of users and many of the world’s most successful organizations who depend on Jive-powered collaboration hubs to get work done. Part of the IgniteTech Software portfolio, Jive AI continues to transform the landscape of collaboration, making every interaction meaningful.

Experience the Future of Work with MyPersonas
To learn more about how MyPersonas can revolutionize your organization, visit MyPersonas.ai or contact your Jive AI account representative.

For Media Inquiries: meridith@mk-bridge.com or teena@teenatouch.com
For Business Inquiries: software@ignitetech.com
Follow: LinkedIn / X

View original content:https://www.prnewswire.co.uk/news-releases/ignitetech-delivers-mypersonas-for-jive-ai-redefining-human-ai-collaboration-302296790.html

Technology

EVN Ho Chi Minh City Reinforces its Commitment to Maximum Reliability and Resiliency

Published

11 mins ago

November 6, 2024

Top executives from EVN Ho Chi Minh City (one of the largest electricity providers in Vietnam) visit Survalent to strengthen partnership and receive 2024 Industry Leadership Award.

BRAMPTON, ON, Nov. 6, 2024 /PRNewswire-PRWeb/ — Survalent had the honor of welcoming a delegation of power executives from EVN Ho Chi Minh City (EVNHCMC), one of the largest electricity providers in Vietnam, to its global headquarters on October 8, 2024. The visit marked a pivotal step forward in the partnership between Survalent and EVNHCMC, driving forward the modernization and optimization of the power grid in Ho Chi Minh City.

“We are proud to celebrate EVNHCMC’s remarkable accomplishments,” said Steve Mueller, CEO of Survalent. “Their use of SurvalentONE FLISR and SCADA systems has significantly improved the reliability of their grid, and we are excited to continue our partnership on future projects.”

EVNHCMC and Survalent have previously collaborated on deploying Fault Location, Isolation, and Service Restoration (FLISR) technology to EVNHCMC’s 872 feeders, which yielded immediate, substantial results. In the first year of running SurvalentONE FLISR, EVNHCMC reduced their System Average Interruption Duration Index (SAIDI) by 95% and their System Average Interruption Frequency Index (SAIFI) by 93%, earning them a spot among the top 50 power companies on Smart Grid Benchmarking Results 2022.

EVNHCMC’s achievements have been recognized with numerous awards, including a perfect score of 4 out of 4 in grid monitoring and control by the Singapore Power Grid’s Smart Grid Index in 2022, the prestigious “Digital Enterprise” certification from the Vietnamese Ministry of Information and Communications, and POWER magazine’s “2024 Smart Grid Award” for their Distribution Automation System (DAS) project. Additionally, EVNHCMC won the “Smart Grid Project of the Year” award at Enlit Asia in both 2023 and 2024, demonstrating their continued innovation and excellence in smart grid development.

During the visit, EVNHCMC representatives provided an update on their success with SurvalentONE SCADA and SurvalentONE FLISR which has been fully operational across their entire distribution network since 2021. The system supports 5 independent regions with 100,000 datapoints and connects to 12 substations at 220kV, 62 substations at 110kV, and over 3,000 medium voltage switching devices. EVNHCMC has been able to remotely operate all 22kV circuit breakers, monitor the grid in real-time, and handle 91% of the incidents on their 22kV grid through automation in 2023.

The delegation also discussed future plans to expand the SCADA and FLISR systems, aiming to enhance the resiliency and efficiency of the power network further. It’s critical that EVNHCMC deliver high-quality, reliable power to support the city’s citizens, to attract and retain commercial and industrial enterprises to the city, and to uphold electricity’s important role in economic, social, and political stability.

To commemorate EVNHCMC’s outstanding achievements in grid modernization and reliability, Survalent presented them with the Survalent 2024 Industry Leadership Award. This award recognizes select utilities that demonstrate leading-edge utility processes, and extraordinary commitment to maximum reliability, resiliency, and to future grid advancements.

Survalent looks forward to building on this strong foundation, continuing to support EVNHCMC in their pursuit of innovation and excellence in power grid modernization.

About Survalent:
Survalent is the most trusted provider of ADMS and DERMS for electric, water/wastewater, oil & gas, renewable energy, and transit utilities across the globe. More than 800 utilities in 40+ countries rely on SurvalentONE ADMS and DERMS solutions to operate, monitor, analyze, restore, and optimize operations and better integrate renewable resources into their network. Our SCADA, OMS, and DMS solutions enable utilities to significantly increase reliability & resiliency, customer satisfaction, and operational efficiencies. Our DERMS solution enables utilities to monitor, control, report on, plan and optimize renewable energy assets in the grid. Our comprehensive substation automation solution, StationCentral, delivers real-time control and monitoring to help utilities enhance network performance and protect their investment in mission-critical substations. Our unwavering commitment to excellence and to our customers has been the key to our success for over 60 years.

To learn more about Survalent, please visit http://www.survalent.com or contact:

Debbie Gallo
VP, Marketing
press@survalent.com
(905) 285-9528

Media Contact

Survalent Press, Survalent, 905-826-5000, press@survalent.com, https://www.survalent.com/

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SOURCE Survalent

Technology

The Goodman Group Announces Kevin Carden as Vice President of Investments

Published

11 mins ago

November 6, 2024

CHASKA, Minn., Nov. 6, 2024 /PRNewswire/ — The Goodman Group has appointed Kevin Carden as vice president of investments at JBG Design & Development, an affiliate specializing in interior design services, project planning, development, acquisitions, and renovation services for The Goodman Group’s managed communities.

The Goodman Group has appointed Kevin Carden as vice president of investments at JBG Design & Development.

Founded in 1965, The Goodman Group is a recognized national leader in developing and managing senior living and health care communities, residential communities, and commercial properties. With over 65 properties across eight states, the company provides homes for over 10,000 residents and employment for over 4,000 individuals. Platinum Service® is the customer philosophy of The Goodman Group and serves as each managed community’s ongoing commitment to residents and families to deliver the highest-level quality of service.

Carden holds a master’s degree in business administration with a focus on finance and international business and brings more than 25 years of experience in sourcing and completing real estate investments, conducting market research, and leveraging strategic investment platforms, particularly in the senior living industry. Carden will lead the origination, evaluation, and execution of beneficial acquisition and development opportunities for The Goodman Group and its managed partnerships, including The Goodman Family Operating Foundation (TGFOF).

The Goodman Group’s investments are focused in both senior living and residential properties, as well as for-profit ventures and not-for-profit initiatives. The company aims to achieve strategic growth through the management and development of extraordinary communities, innovative technologies, and life enriching programs and services, while remaining committed to its mission and the mission of its nonprofit partners.

“I’m very excited to join The Goodman Group. I believe that The Goodman Group’s ability to self-fund the entire equity stack, hold and execute long-term strategies, access tax-exempt financing for its partners, and maintain traditions of high-quality resident service for over half a century, uniquely positions the organization and its partners to aggressively pursue and complete acquisition and development opportunities,” Carden says. “The Goodman Group is a long-standing organization with continual growth, and I’m excited to be part of the acquisitions and developments that are to come.”

With careful consideration of third-party management opportunities, The Goodman Group will continue contributing to its legacy, building relationships, and planning for the future. The company takes pride in expanding its portfolio through acquisitions and new developments in select markets.

View original content:https://www.prnewswire.com/news-releases/the-goodman-group-announces-kevin-carden-as-vice-president-of-investments-302297005.html

SOURCE The Goodman Group