WEX Inc.

AUGUST 29, 2023

Reasons can vary, which is why wide-ranging fertility benefits can also improve the lives of any adult wanting to start a family. And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexible spending account (FSA) funds? What are fertility benefits?

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

FEBRUARY 15, 2023

Did you recently elect to participate in a medical flexible spending account (FSA) ? What is a medical flexible spending account (FSA)? A medical FSA is a tax-advantaged employee benefit that gives participants the opportunity to save on out-of-pocket medical, dental, and vision eligible expenses.

Medical 98

Medical Flexible Spending Account Flexible Spending Taxes 98

WEX Inc.

JULY 9, 2023

A dependent care flexible spending account lets participants set aside pre-tax dollars to help pay for dependent care. Contributing to this benefit reduces taxable income and spreads the benefits of pre-tax dollars throughout the year, helping you save 30 percent or more on your dependent care costs.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Taxes Consulting 98

WEX Inc.

SEPTEMBER 21, 2023

However, for participants of health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs. The information in this blog post is for educational purposes only. It is not legal or tax advice.

Health 98

Health Flexible Spending Account Health Savings Account Flexible Spending 98

Benefit Resource Inc.

JANUARY 2, 2020

As we close out the decade, we look back at the most educational, news breaking blogs. From tax reform to how-to articles, here are the top 10 blogs from Benefit Resource: Check Your Balance. So far, prices have held steady… Pre-tax limits. Stay on the ball and check view 2020 pre-tax limits here and here.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Health Savings Account Taxes 40

WEX Inc.

AUGUST 14, 2023

A flexible spending account (FSA) carryover is one way you can provide flexibility to employees who participate in these accounts. Read our blog posts on grace periods and run-out periods for the rest of the series. This blog was originally published in August 2021 and most recently updated in August 2023.

Flexible Spending Account 98

Flexible Spending Account IT Flexible Spending Taxes 98

WEX Inc.

OCTOBER 4, 2023

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses.

401(k) 98

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

WEX Inc.

AUGUST 7, 2023

Sunscreen can cost as much as $40 a bottle, but did you know you can actually use your health savings account (HSA) or medical flexible spending account (FSA) funds on many SPF-related expenses? Sunscreen There’s a good chance you’re planning on spending some time in the sun over the next few months. How’s your sunscreen stock?

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

FEBRUARY 23, 2023

And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. 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.

Flexible Spending Account 98

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

WEX Inc.

MAY 4, 2023

The IRS requires your flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. Because of an FSA’s tax advantages, the IRS requires employers and employees to prove that FSA funds are only being spent on eligible expenses. It is not legal or tax advice.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Taxes Medical 98

WEX Inc.

SEPTEMBER 7, 2023

Most employees are about to have the opportunity to re-evaluate their benefits options during open enrollment. Flexible spending accounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. The information in this blog post is for educational purposes only.

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

WEX Inc.

AUGUST 15, 2023

Whether you're transitioning from your parents' insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. Subscribe to our blog to stay updated on all the benefits information you need!

Deductions 98

Deductions Deductible Healthcare Flexible Spending Account 98

WEX Inc.

JULY 7, 2023

The IRS’ use-or-lose rule governs flexible spending accounts (FSAs). This rule is one of the big differentiators between FSAs and other types of employee benefits. Check out our Benefits Buzz episode for a breakdown of eight things you should know about them. It is not legal or tax advice. What is a FSA?

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account IT 52

McDermott Will & Emery Employee Benefits

OCTOBER 19, 2022

The maximum salary reduction limit for a health flexible spending account (Health FSA) increased to $3,050 for 2023 (from $2,850 in 2022), and the Health FSA carryover […]. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

Health and Welfare 78

Health and Welfare Flexible Spending Account Flexible Spending Salary 78

Qandle

JUNE 20, 2023

Here is a detailed overview of pre-payroll activities: Data Collection: The first step in pre-payroll activities is collecting all the necessary data related to employees. Time and Attendance Management: If your organization tracks employee hours worked, you need to gather time and attendance records.

Payroll 98

Payroll Flexible Spending Account Overtime Payroll Software 98

WEX Inc.

MAY 24, 2023

“I think it’s really important to tie it back to things that are meaningful to [employees]….their It’s about what a health savings account or a flexible spending account can do for them." Increase communication One main reason why employees don’t understand their benefits is a lack of communication from their employers.

Flexible Spending Account 97

Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

WEX Inc.

SEPTEMBER 14, 2023

For example, do you have any new dependents who have healthcare needs and could be covered by a pre-tax benefits plan? Nearly three-quarters of all employees say they don’t understand some components of their benefits. Use available tools and resources to learn more about pre-tax benefits and to plan for the year ahead.

401(k) 98

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

InterWest Insurance Services

MARCH 22, 2022

One way you can give your staff more choice in the employee benefits they receive is to offer them a cafeteria plan, which allows them to put together a benefits package that works best for them. Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis.

Flexible Spending Account 75

Flexible Spending Account 401(k) Flexible Spending Deductions 75

McDermott Will & Emery Employee Benefits

NOVEMBER 9, 2022

The post Fun For the Whole Family: More ACA Subsidies Apply appeared first on EMPLOYEE BENEFITS BLOG.

Taxes 78

Taxes Flexible Spending Account Employee Benefits Employment 78

WEX Inc.

MARCH 20, 2023

Your benefits administrator may also offer non-discrimination testing , which is required for flexible spending accounts (FSAs) , health reimbursement arrangements (HRAs) , and more. Do our employees understand and value their benefits? The information in this blog post is for educational purposes only.

Employment 98

Employment Flexible Spending Account Flexible Spending Education 98

InterWest Insurance Services

NOVEMBER 25, 2022

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. You’ll want to make note of the changes when discussing your employee benefits during annual open enrollment. 3,000 for family coverage (up $200).

401(k) 84

401(k) Deductions Deductible Flexible Spending Account 84

WEX Inc.

SEPTEMBER 6, 2023

HSAs and FSAs: Service dog expenses Health savings accounts (HSAs) and flexible spending accounts (FSAs) may provide an additional avenue for covering the cost of a service dog. Learn more about the benefits of a pet-friendly workplace. The information in this blog post is for educational purposes only.

Recruitment 59

Recruitment Flexible Spending Account Health Savings Account Medical 59

WEX Inc.

APRIL 12, 2023

They can’t be covered by any other health plan that would disqualify them from an HSA, such as a spouse’s plan or a medical flexible spending account (FSA). Also, employees can’t be enrolled in Medicare or be claimed as a dependent on someone else’s tax return. It is not legal or tax advice.

Health Savings Account 52

Health Savings Account Deductions Deductible Flexible Spending Account 52

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. Problem: Increasing premiums.

Flexible Spending Account 40

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

InterWest Insurance Services

JULY 20, 2022

It always takes more time than usual to onboard new employees — particularly ones who are new to the workforce altogether — to your employee benefits plans. You can teach them about these tax-advantaged accounts and the importance of saving for retirement.

Education 89

Education 401(k) Deductions Deductible 89

Benefit Resource Inc.

MAY 9, 2023

As a leading pre-tax benefits provider, Benefit Resource (BRI) has actively participated in various events to showcase our innovative solutions and expand our network. This blog post will update you on what tradeshows we’ve been to and what shows we plan to attend.

Benefit Providers 52

Benefit Providers Taxes Technology Employee Benefits 52

Benefit Resource Inc.

MARCH 2, 2021

FSAs are one of the most popular pre-tax benefits in United States. In 2019, more than 68% of employees had enrolled in the account*. We discuss this further in our blog “ Why aren’t masks and PPE items eligible expenses? SHRM 2019 Employee Benefits Survey Executive Summary.

Taxes 76

Taxes Healthcare Medical Flexible Spending 76

Benefit Resource Inc.

OCTOBER 30, 2018

When it comes to pre-tax benefits specifically, we found three areas that are common culprits: Gaps in understanding of pre-tax benefits. Overly complicated benefits material. Minimal integration of pre-tax benefits. Gaps in u nderstanding of pre-tax benefits. What you can do right now.

Flexible Spending Account 56

Flexible Spending Account Taxes Health Savings Account Healthcare 56

Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 7, 2022

Shipping costs (and taxes) are included in the $12 reimbursement limit for tests purchased from non-network providers. As part of the direct shipping-to-consumer option, a plan must also cover the reasonable shipping costs (in a manner consistent with other items provided by the plan via mail order). Fraud and Abuse.

Retail 52

Retail Manufacturing Medical Flexible Spending Account 52

WEX Inc.

MAY 2, 2024

For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention. We’ve outlined the key differences between an HRA and an HSA below so you can see how they work, the advantages of each, and if you should be offering one or both to your employees. Subscribe to our blog.

Health Savings Account 98

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

Empuls

JULY 11, 2023

Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent. These perks not only provide employees with financial advantages but also contribute to a more fulfilling and enjoyable work experience.

Employee Benefits 40

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

Vantage Circle

SEPTEMBER 11, 2023

Imagine a world where managing employee benefits is no longer a daunting task but an empowering experience for HR teams and employees. With an innovative employee benefits platform, that world becomes a reality. Findings from the Blog? Importance of Having an Employee Benefits Platform in Place 1.

Employee Benefits 52

Employee Benefits Payroll Retirement Plan Software 52

WEX Inc.

APRIL 3, 2023

For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention. We’ve outlined the key differences between an HRA and an HSA below so you can see how they work, the advantages of each, and if you should be offering one or both to your employees. Subscribe to our blog.

Health Savings Account 52

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

WEX Inc.

AUGUST 24, 2023

You’ve probably read advice on how to do that, but we’ve got the data to back up a strategy, and it comes directly from your employees. Earlier this year, we surveyed nearly 60,000 of our participants to learn more about their questions and pain points regarding employee benefits. That’s what motivates your employees.

Education 52

Education Flexible Spending Account Health Savings Account Flexible Spending 52

WEX Inc.

JULY 20, 2023

HSA or FSA options Similar to the choice in health plans, many participants told us in the survey that they wanted to choose between either a health savings account (HSA) or a flexible spending account (FSA). Check out our infographic below and subscribe to our blog so you don’t miss the rest of our open enrollment series!

Deductions 75

Deductions Deductible Flexible Spending Account Health Savings Account 75

Vantage Circle

NOVEMBER 23, 2023

When chosen and implemented thoughtfully, employee perks act as a talent magnet. They send a powerful message - the organization values employees, fostering belonging and loyalty. What can you take away from the blog Key Takeaways What are employee perks? Additionally, 31.3%

Family and Medical Leave Act 64

Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 64

Hireology

DECEMBER 4, 2019

And it saves your HR team from spending time repeating the same onboarding tasks each time a new employee is hired. Onboarding tasks that can be completed before the first day include: filling out direct deposit information for automated payroll, completing tax forms, filling out benefits paperwork and signing the employee handbook.

Payroll 125

Payroll Insurance Flexible Spending Life Insurance 125