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?

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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. From the FSAStore to Amazon, here are the best places to use up your Flexible Spending Account funds. And that’s a wrap for 2019!

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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

Money Talk

APRIL 28, 2022

Methods include webinars, podcasts, blogs, television and radio shows, print media, websites, and more. Health Savings Accounts - One study found that the tax savings on many employees’ contributions to a health savings account (HSA) increases wealth by more than an employer match on the same employees’ 401(k) contributions.

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401(k) Health Savings Account Finance Retirement Plan 183

WEX Inc.

MAY 31, 2023

For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are opportunities to save money on these expenses. The information in this blog post is for educational purposes only. WEX receives compensation from some of the merchants identified in its blog posts.

Medical 98

Medical Flexible Spending Account Health Savings Account Flexible Spending 98

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, 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.

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Deductions Deductible Health Savings Account Employee Enrollments 97

WEX Inc.

MAY 8, 2024

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. WEX receives compensation from some of the merchants identified in its blog posts. It is not legal or tax advice.

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Health Savings Account Benefits Package Healthcare Voluntary Benefits 52

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.

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Health Savings Account Healthcare Education Taxes 64

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.

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

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.

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. Right after you log in to your online account or the benefits mobile app, you’ll see a “Tasks” menu. It is not legal or tax advice.

Flexible Spending Account 98

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

Money Talk

MAY 18, 2022

In an earlier blog post , I described 12 tax planning topics for 2022. Now that 2021 income tax season has been over for a month and the dust has settled, it is time to start some serious tax planning for 2022.

Taxes 262

Taxes 401(k) Deductions Deductible 262

WEX Inc.

SEPTEMBER 25, 2023

A great example of this is education at summertime around how to maximize your health savings account (HSA) dollars for typical hot weather spending such as sunscreen and aloe vera! The information in this blog post is for educational purposes only. It is not legal or tax advice.

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Voluntary Benefits Health Savings Account PTO Retirement Plan 98

InterWest Insurance Services

FEBRUARY 20, 2024

Failing to offer a health savings account The idea behind HDHPs is that the money employees save on premium can be funneled into an attached HSA, which can be used to reimburse out-of-pocket medical expenses. The key to ensuring that the HDHP is a success in part comes down to avoiding four common mistakes.

Deductions 98

Deductions Deductible Out of Pocket Cost Health Savings Account 98

WEX Inc.

MAY 24, 2023

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. WEX receives compensation from some of the merchants identified in its blog posts. It is not legal or tax advice.

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Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

WEX Inc.

SEPTEMBER 12, 2023

If you’ve never been asked if you would like to participate in an employee benefits account before, you might be asking yourself, “What are all these acronyms?” Click here for the first blog post in our series on choosing a health plan for the first time. Subscribe to our blog to stay updated on all the benefits information!

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

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. For starters, let’s look at a few considerations when evaluating health plans for the first time.

Deductions 98

Deductions Deductible Healthcare Flexible Spending Account 98

WEX Inc.

AUGUST 2, 2023

There are four common types of accounts: Medical FSA, which covers eligible medical, dental and vision expenses. Unlike a medical FSA, a limited FSA can be paired with a health savings account (HSA) and a high-deductible health plan (HDHP). The information in this blog post is for educational purposes only.

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Flexible Spending Account Deductions Deductible Health 98

Benefit Resource Inc.

APRIL 7, 2023

You can also read our blog on substantiation. Price Transparency Unearthing the price of health-related items is often more difficult (and frustrating) than it should be. Each dollar going into a pre-tax benefit account saves you 30 to 40 cents per dollar. If you still have a question on claims, visit our FAQs page.

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Taxes Flexible Spending Account Health Savings Account Flexible Spending 98

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. The information in this blog post is for educational purposes only.

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Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

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).

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Deductions Deductible Health Savings Account Health Insurance 52

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. The information in this blog post is for educational purposes only. Drive wellness that works Get your guide. Download now!

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Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

PeopleKeep

DECEMBER 20, 2021

Many nonprofit benefit packages include a high deductible health plan (HDHP) to keep costs in check. But there is also the option of adding a health savings account (HSA) or a group coverage HRA (GCHRA) to your HDHP as an added bonus.

Health Savings Account 52

Health Savings Account Pay Raise Benefits Package Health Insurance 52

Benefit Resource Inc.

DECEMBER 30, 2022

An HSA (Health Savings Account) is a great way to save up money tax-free for future medical expenses. Take a quick walk through the process of checking an account balance. Choosing between a Health Savings Account (HSA) and a Flexible Spending Account (FSA) can be overwhelming.

Taxes 75

Taxes Flexible Spending Account Health Savings Account Flexible Spending 75

InterWest Insurance Services

JANUARY 17, 2023

How Medicare eligibility affects health savings accounts. Discontinuing group health coverage. Health savings accounts. The following are considerations for employers faced with workers nearing 65.

Health Insurance 97

Health Insurance Insurance Health Savings Account Hospitality 97

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.

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. The information in this blog post is for educational purposes only. It is not legal or tax advice.

Health Savings Account 52

Health Savings Account Deductions Deductible Flexible Spending Account 52

InterWest Insurance Services

DECEMBER 7, 2023

Earlier in 2023, the IRS also announced the maximum contribution limits to health savings accounts, which are similar to FSAs, but they must be attached to a high-deductible health plan.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Pharmaceutical Health Savings Account 98

WEX Inc.

JANUARY 30, 2023

And a new health savings account (HSA). The information in this blog post is for educational purposes only. New career. This scenario can play out often over the course of your life. The average person changes jobs 5.7 times just between the ages of 18 and 24. times between ages 45 and 52. It is not legal or tax advice.

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Health Savings Account Taxes Consulting Medical 52

Benefit Resource Inc.

JANUARY 16, 2020

Health Reimbursement Accounts: The White House projects that HRAs will ultimately be offered to 11 million employees, with a net gain in health coverage for 800,000 Americans. American Future Healthcare Act: Provides various enhancements to make health savings accounts more accessible and easier to use.

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Health Savings Account Flexible Spending Account Flexible Spending Taxes 73

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.

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401(k) Health Savings Account Health Insurance Insurance 97

InterWest Insurance Services

JANUARY 11, 2024

Making larger health savings account contributions to lower-paid employees. Offering programs to help employees manage specific health conditions. Using salary-based contributions, with lower-wage staff paying less than those earning more.

Employment 97

Employment Health Savings Account Medical Insurance 97

Benefit Resource Inc.

APRIL 4, 2024

One often-overlooked gem in the world of benefits is the Health Savings Account (HSA). The material in this blog is presented for informational purposes only and such information is believed to be accurate as of the publication date; however, it is subject to change.

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401(k) Retirement Plan Benefits Package Deductions 52