Benefit Resource Inc.

MARCH 28, 2024

Pre-tax benefits are a powerful tool for saving money and maximizing your income. From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. This includes copayments, deductibles, prescriptions, and more.

Flexible Spending Account 52

Flexible Spending Account 401(k) Health Savings Account Flexible Spending 52

WEX Inc.

FEBRUARY 23, 2023

In fact, staying on top of your health savings account (HSA) , flexible spending account (FSA) , or any other plan you signed up for throughout the year can pay off for you. Your balance rolls over from year to year, and the account stays with you even if you change jobs. How do you do this?

Flexible Spending Account 98

Flexible Spending Account 401(k) Health Savings Account Banking 98

InterWest Insurance Services

NOVEMBER 10, 2022

If you have Gen Z workers, you should consider sending out e-mail blasts to them about this law and that if they are turning 26 in the coming year, they’ll need to find new coverage other than their parents’ Health savings accounts. These accounts can be kept for life and transferred to new employers.

401(k) 96

401(k) Health Savings Account Health Insurance Insurance 96

Benefit Resource Inc.

APRIL 4, 2024

One often-overlooked gem in the world of benefits is the Health Savings Account (HSA). This can incentivize employees to save more for both current and future healthcare needs. Integration with Retirement Plans: Explore ways to integrate HSA contributions with other retirement savings options, such as 401(k) plans.

401(k) 52

401(k) Retirement Plan Benefits Package Deductions 52

InterWest Insurance Services

JANUARY 27, 2023

Urge any employees in HDHPs to sock away funds in their attached health savings accounts for future medical expenses. These accounts are funded with pre-tax dollars and can be saved up for future use. HSAs are portable if the employee changes jobs, and the funds can be invested, much like a 401(k) plan.

Out of Pocket Cost 97

Out of Pocket Cost 401(k) Deductions Deductible 97

InterWest Insurance Services

JULY 20, 2022

The freebies — Under the Affordable Care Act, health plans are required to cover a list of 10 essential services, particularly preventative procedures like colonoscopies. You can teach them about these tax-advantaged accounts and the importance of saving for retirement. Financial wellness. Most students in the U.S.

Education 98

Education 401(k) Deductions Deductible 98

InterWest Insurance Services

JUNE 16, 2022

Offer HDHPs — High-deductible health plans tend to be less expensive than other plans because they shift more of the cost to the employee, who pays out of pocket in exchange for lower premiums. Employees can keep the accounts, and even move them between employers.

401(k) 98

401(k) Health Insurance Health Savings Account Insurance 98

COMPackage

AUGUST 10, 2023

Nearly all US companies guarantee access to 401(k) and health insurance. Health Savings Accounts Health savings accounts (HSAs) are tax-deferred and provide extra benefits that support your health insurance. And every employer wants to stand out with their employee benefits.

401(k) 52

401(k) Health Savings Account Health Insurance PTO 52

Benefit Resource Inc.

MARCH 23, 2021

If you have a pre-tax account and retirement is on the horizon, you’ll want to understand what happens to the funds in your account(s) once you retire. Depending on which pre-tax account you have, the treatment of your funds will vary. Check out our blog page for additional articles. Greater Freedom on Withdrawals.

401(k) 69

401(k) Health Savings Account Retirement Plan Taxes 69

Benefits Notes

NOVEMBER 5, 2021

The health savings account (HSA) and high deductible health plan (HDHP) annual deductible and out-of-pocket expense adjustments were announced earlier this year in Revenue Procedure 2021-25. Elective Deferral Limit 401(k), 403(b), 457(b). The following chart summarizes the 2022 limits for benefit plans.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Business Management Daily

APRIL 29, 2024

Different benefits appeal to different teams, but what matters most is providing more than just the bare minimum—health insurance, workers’ compensation, and a competitive salary. In this blog, we’ll talk about different types of fringe benefits and how employers can make the most of what’s available. It’s a touchy subject.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

Benefit Resource Inc.

MARCH 18, 2021

According to a 2019 study by HealthView Services , couples in their 50s today are expected to pay around $400,000 in lifetime retirement health care costs. So, how can you use your Health Savings Account to save up your half? This is one of the best features of an HSA, so use it. Love HSAs and want to keep reading?

401(k) 68

401(k) Health Savings Account Taxes IT 68

Benefit Resource Inc.

OCTOBER 21, 2019

” In the case of pre-tax benefits, we like to say “There’s a plan for that” Regardless of your benefits problem, by comparing Flexible Spending Accounts, Health Savings Accounts and Health Reimbursement Accounts, you can find the right plan to fit your needs.

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Flexible Spending 401(k) 40

Benefit Resource Inc.

FEBRUARY 7, 2019

Enrolling in the HDHP also means we can contribute to the Health Savings Account (HSA) from Sam’s company. Maximizing your tax savings. First, we own the money in the account. Second, funds automatically carry over each year and travel with us (like a 401(k)) if we change jobs.

401(k) 45

401(k) Deductions Deductible Health Savings Account 45

McDermott Will & Emery Employee Benefits

NOVEMBER 1, 2023

The Social Security Administration […] The post IRS Announces 2024 Employee Benefit Plan Limits appeared first on EMPLOYEE BENEFITS BLOG. Most of the dollar limits that are subject to adjustment for cost-of-living increases will increase for 2024.

Health and Welfare 87

Health and Welfare Employee Benefits Flexible Spending Account Health Savings Account 87

McDermott Will & Emery Employee Benefits

NOVEMBER 10, 2023

Employers, many of whom are in the midst of or have already completed open enrollment for […] The post IRS Announces 2024 Employee Benefit Plan Limits appeared first on EMPLOYEE BENEFITS BLOG.

Health and Welfare 83

Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 83

Qandle

AUGUST 26, 2022

All aspects of a new employee’s employment, including payroll, health insurance, 401(k), gadgets, and business applications, may be set up in less than a minute with this program. retirement savings plans that are all in one place. Automated workflows also expedite the approvals process. Toast Payroll.

Software 98

Software 401(k) Human Resources Payroll 98

WEX Inc.

MAY 2, 2024

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.

Health Savings Account 96

Health Savings Account 401(k) Flexible Spending Account Taxes 96

McDermott Will & Emery Employee Benefits

OCTOBER 21, 2022

The post IRS Announces 2023 Employee Benefit Plan Limits appeared first on EMPLOYEE BENEFITS BLOG. The table below compares the applicable dollar limits for certain employee benefit programs and the Social Security wage base for 2022 […].

Employee Benefits 80

Employee Benefits Flexible Spending Account Employment Health Savings Account 80

PeopleStrategy

SEPTEMBER 17, 2019

In addition to meaningful health coverage, it’s wise to have vision and dental insurance as part of this category. Other options such as flexible spending accounts (FSA), health reimbursement accounts (HRA) and health savings accounts (HSA) can also help employees manage the financial costs of medical care.

Benefits Package 49

Benefits Package Comprehensive Benefits 401(k) Flexible Spending Account 49

WEX Inc.

APRIL 3, 2023

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.

Health Savings Account 52

Health Savings Account 401(k) Flexible Spending Account Taxes 52

Benefit Resource Inc.

FEBRUARY 16, 2021

Today we answer questions such as: What is a Health Savings Account (HSA)? Check out our blog Why a 401(k) & HSA make the perfect power couple for more ideas on how to maximize your funds and plan for retirement! to make sure you’re taking advantage of the right account. Are you eligible?

401(k) 71

401(k) Health Savings Account 71

Empuls

JULY 11, 2023

In this blog, we will discuss tax free or non taxable employee benefits. The primary purpose of this blog is to explore various tax free employee benefits and shed light on their advantages. Additionally, employers can deduct the cost of providing health insurance as a business expense.

Employee Benefits 40

Employee Benefits Flexible Spending Account roth 401(k) 401(k) 40

Vantage Circle

SEPTEMBER 11, 2023

In this blog, we have handpicked some of the best benefits platforms that cater to all your requirements. Findings from the Blog? Let's delve in. Highlights Meaning of an employee benefits platform Importance of employee benefits platform Choosing the right platform is essential for enhancing employee satisfaction and engagement.

Employee Benefits 52

Employee Benefits Payroll Retirement Plan Software 52

WEX Inc.

JULY 24, 2023

And it’s a solution you might already be offering: the health savings account. These accounts provide another way for your employees to diversify their efforts to prepare for retirement. We cover some of the survey findings in this blog post and infographic. IRS Publication 969 outlines health savings accounts.

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98