WEX Inc.

JANUARY 4, 2023

And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility. In this blog post, we outline some of the ways your ability to use your employee benefits changes when you elect COBRA. It is not legal or tax advice.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

McDermott Will & Emery Employee Benefits

OCTOBER 21, 2022

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

Employee Benefits 81

Employee Benefits Flexible Spending Account Employment Health Savings Account 81

WEX Inc.

AUGUST 10, 2023

You might be surprised to learn that your health savings account (HSA) and medical flexible spending account (FSA) can help you save on purchases of a variety of back-to-school, expenses, including: Thermometers. The information in this blog post is for educational purposes only.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

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?

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

SEPTEMBER 21, 2023

Visual health is a vital component of overall well-being, and unexpected eye-related expenses can put a strain on your finances. 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.

Health 98

Health Flexible Spending Account Health Savings Account Flexible Spending 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? WEX receives compensation from some of the merchants identified in its blog posts. How’s your sunscreen stock?

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

MARCH 7, 2023

We wanted to share a few tips and reminders about the health savings account (HSA) information you’ll need for your tax return. WEX's HSA participants can find the tax forms related to their HSA under the “Message Center” tab of their online account. Subscribe to our blog on the right-hand side.

Taxes 98

Taxes Health Savings Account Deductions Deductible 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. Compare the main differences between these accounts and why an HSA is largely considered one of the best pre-tax accounts available.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Health Savings Account Taxes 40

WEX Inc.

MAY 17, 2023

Health savings account (HSA) contribution limits are on the rise again in 2024. The information in this blog post is for educational purposes only. WEX receives compensation from some of the merchants identified in its blog posts. 2024 HDHP minimum deductible and maximum out-of-pocket limits also are increasing.

Health Savings Account 98

Health Savings Account Deductions Deductible Taxes 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.

OCTOBER 4, 2023

The 20th anniversary of health savings accounts (HSAs) marks a significant milestone for these accounts, which have empowered tens of millions of Americans to save for both immediate and future medical expenses. The information in this blog post is for educational purposes only.

Health Savings Account 64

Health Savings Account Healthcare Education Taxes 64

WEX Inc.

SEPTEMBER 14, 2023

Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. If you rarely go to the doctor or would like to enroll in a health savings account (HSA) , an HSA-eligible health plan may be right for you!

401(k) 98

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

WEX Inc.

MAY 8, 2024

By providing personalized guidance, these tools empower employees to make informed choices aligned with their individual goals. For example, My HSA Planner makes learning about how to utilize health savings accounts (HSAs) a breeze. The information in this blog post is for educational purposes only.

Health Savings Account 52

Health Savings Account Benefits Package Healthcare Voluntary Benefits 52

WEX Inc.

MAY 8, 2023

HDHPs can actually be a great healthcare saving option for employees of all ages. Along with paying a lower premium, HDHPs offer financial opportunities that PPOs do not because employees can enroll in a health savings account (HSA) , but only if they’re also enrolled in an HSA-eligible HDHP.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

WEX Inc.

SEPTEMBER 25, 2023

Employees may have more capacity to digest these messages outside of the open enrollment period and in turn identify how to better maximize a benefit they already have or one they should enroll during the next benefits cycle. The information in this blog post is for educational purposes only.

Voluntary Benefits 98

Voluntary Benefits Health Savings Account PTO Retirement Plan 98

Empuls

FEBRUARY 26, 2024

From well-being to flexibility, continuous learning to personalized perks, let's understand the game-changing employee benefits trends that will take lead in the near future.   Offer alternative healthcare plans , such as high-deductible health plans (HDHPs) paired with health savings accounts (HSAs).

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Retirement Plan 40

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. However, your eligibility for either account can be influenced by the health plan you choose.

Deductions 98

Deductions Deductible Healthcare Flexible Spending Account 98

WEX Inc.

MAY 12, 2023

There are a variety of ways you can promote mental health in the office , and one way is to provide benefits that support your employees' needs. For example, your employees can use their health savings account (HSA) to improve their financial wellness and save money on a variety of mental health-related expenses.

Health Savings Account 98

Health Savings Account Medical Retirement Plan Taxes 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." The information in this blog post is for educational purposes only. It is not legal or tax advice.

Flexible Spending Account 97

Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

COMPackage

AUGUST 10, 2023

Research has proven that employees are more satisfied with their employer relationship if they receive an annual total compensation statement. And every employer wants to stand out with their employee benefits. Unfortunately, your brand can’t stand out if your benefits are only the ones every employer offers.

401(k) 52

401(k) Health Savings Account Health Insurance PTO 52

InterWest Insurance Services

AUGUST 10, 2022

Employers who offer health savings account-eligible high-deductible health plans (HDHPs) to employees can significantly expand pre-deductible coverage for certain drugs used to manage chronic conditions — with only a tiny effect on premiums.

Deductions 98

Deductions Deductible Family and Medical Leave Act Health Savings Account 98

WEX Inc.

SEPTEMBER 7, 2023

Empower your employees with helpful resources that answer many of their lingering questions, including our blog , benefits toolkit , and knowledgebase of FSA-related videos and educational materials. What you can do: While promoting the benefits of an FSA, it's important to respect individual choices. Download now!

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

PeopleKeep

SEPTEMBER 26, 2022

HDHPs can come with significant savings for employers and employees, especially if you maximize them. According to a KFF Employer Health Benefits Survey 1 , 22% of large employers choose HDHPs with added savings options, such as a health savings account (HSA) or a health reimbursement arrangement (HRA).

Deductions 52

Deductions Deductible Health Savings Account Health Insurance 52

Benefit Resource Inc.

DECEMBER 30, 2022

In the last year alone, we’ve learned a lot about pre-tax benefits and how to maximize their potential. Let’s look back at some of the important things we’ve learned about pre-tax benefits in 2022. An HSA (Health Savings Account) is a great way to save up money tax-free for future medical expenses.

Taxes 75

Taxes Flexible Spending Account Health Savings Account Flexible Spending 75

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. With a health savings account (HSA) , all funds carry over from year to year. The information in this blog post is for educational purposes only.

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account IT 52

Benefit Resource Inc.

APRIL 4, 2024

As an employer or HR manager, you’re constantly seeking ways to enhance your employee benefits package, ensuring it not only attracts top talent but also supports their financial well-being throughout their careers and into retirement. One often-overlooked gem in the world of benefits is the Health Savings Account (HSA).

401(k) 52

401(k) Retirement Plan Benefits Package Deductions 52

WEX Inc.

APRIL 12, 2023

Health saving accounts (HSAs) offer an excellent opportunity for participants to save money on healthcare expenses and for employers to support their employees’ wellness needs in a cost-efficient way. But there are HSA rules and regulations you and your employees need to follow in order to stay compliant.

Health Savings Account 52

Health Savings Account Deductions Deductible Flexible Spending Account 52

InterWest Insurance Services

JUNE 2, 2023

Employers offer flexible savings accounts and health savings accounts to their employees so they can build up funds with pre-tax dollars to pay for health care and related expenses. However, employees often are unaware of the myriad of goods and services they can spend their funds on.

Out of Pocket Cost 98

Out of Pocket Cost Health Savings Account Medical Health Insurance 98

McDermott Will & Emery Employee Benefits

MAY 5, 2023

The FAQs aim to address inquiries from stakeholders, […] The post Tri-Agencies Address Preventive Services Coverage in the Wake of Braidwood appeared first on EMPLOYEE BENEFITS BLOG.

Employee Benefits 79

Employee Benefits Health Savings Account Health and Welfare 79

WEX Inc.

JANUARY 30, 2023

And a new health savings account (HSA). Since HSAs are employee-owned, they stay with you even when you leave your employer. Watch our video to learn more about how you'll benefit with an HSA. The information in this blog post is for educational purposes only. New career. The average person changes jobs 5.7

Health Savings Account 52

Health Savings Account Taxes Consulting Medical 52

InterWest Insurance Services

MAY 18, 2023

A new study has found that people enrolled in traditional PPOs and HMOs are more satisfied with their plans than those who are enrolled in high-deductible health plans. If you have an individual or family HDHP, you can usually qualify to put money into an HSA to fund future health care expenditures.

Out of Pocket Cost 98

Out of Pocket Cost Health Savings Account Deductions Deductible 98

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 80

Health and Welfare Flexible Spending Account Flexible Spending Salary 80

InterWest Insurance Services

APRIL 27, 2023

Coverage can often be configured to be compatible with HDHPs using health savings accounts. Importance of your broker Reid said that the report’s findings illustrate the importance of employers working with brokers and consultants to purchase their employee benefits.

Health Insurance 98

Health Insurance Insurance Out of Pocket Cost Deductions 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.

401(k) 98

401(k) Deductions Deductible Flexible Spending Account 98

Proskauer's Employee Benefits & Executive Compensa

APRIL 25, 2023

Can high-deductible health plans continue to cover USPSTF-recommended “A” or “B” services without cost-sharing? Does the Braidwood decision eliminate the requirement for group health plans to cover in-network COVID-19 vaccines without cost-sharing? Yes, for the time being.

Deductions 98

Deductions Deductible Health Savings Account Medical 98

InterWest Insurance Services

JUNE 16, 2022

Despite the job market upheaval and intense competition for talent, there is a mismatch between the value that human resources executives and job prospects put on employee benefits, according to a new survey. But the one issue hanging over all employee benefits, particularly health insurance, is the costs.

401(k) 98

401(k) Health Insurance Health Savings Account Insurance 98