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5 benefits trends to watch in 2020

Benefit Resource Inc.

By addressing employees’ fears, employers are able to increase HSA participation and curb rising premium costs. The net impact becomes a win-win for employees and employers. Legislation in favor of pre-tax accounts. Legislative activity has been stirring for each account and shows no signs of slowing.

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Employers: Help Your Employees Avoid HSA Challenges

Corporate Synergies

Health savings accounts are designed for the long term, but most employees use funds for current healthcare expenses. Health savings accounts (HSAs) continue to increase in popularity, but not without issues for both employees and employers. Problems for Employers. As Seen In. billion to $43.5

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November HR News Worth Review

Higginbotham

The following commonly offered employee benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs); Health flexible spending accounts (FSAs); 401(k) plans; and. Kaiser Family Foundation Releases 2022 Employer Health Benefits Survey.

401(k) 52
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It’s all “peachy” on the legislative front

Benefit Resource Inc.

Current State: The Tax Cuts and Jobs Act of 2017 required tax exempt entities (AKA non-profits) to pay unrelated business income tax (UBIT) on contributions employees set aside for qualified transit and parking benefits. 2440 Qualified Health Savings Account Distribution Act. 603 Health Savings Account Expansion Act.

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

Health savings accounts can be a good deal for employees. High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% As Seen In. in 2011 to 39.3%

401(k) 40
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How to find benefits that are “just right”

Benefit Resource Inc.

In addition to calculators protecting employees from accounts that are “too hot” or “too cold”, employees with an Health Savings Account may have an additional tool at their disposal: the company match. If so, this can be an easy, fast way to grow funds in the account.

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Executive benefit reimbursement plans

Higginbotham

For example: In an individual coverage health reimbursement arrangement, the health reimbursement arrangement is offered in place of a group health plan, allowing employees to purchase a health plan on their own. Integrated health reimbursement arrangements are designed to work with the group health plan.