Benefit Resource Inc.
JANUARY 16, 2020
So, how will this affect tax advantaged accounts like Flexible Spending Accounts and Health Reimbursement Accounts? In the coming years, it is likely that these accounts will incorporate wellness benefits. The net impact becomes a win-win for employees and employers. Read more about the changes here.
Higginbotham
JULY 12, 2022
This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. According to the Commonwealth Fund , more than one in 20 Americans under the age of 64 spent at least $1,700 on out-of-pocket medical expenses in 2017. HRAs are owned by the employer.
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Benefit Resource Inc.
DECEMBER 4, 2018
Diabetes equipment for staying on top of your blood sugar… Multiple diabetic supplies are available for purchase through your Flexible Spending Account. It was also listed as the #1 beauty breakthrough product of 2017 by Cosmo. Or your Health Savings Account*). Health technology pick: A glowing complexion.
Benefit Resource Inc.
OCTOBER 30, 2018
According to the 2017 Benefits Communication Survey from Jellyvision, almost half of employees report enrolling in benefits as “always very stressful” That’s scary. in 2017 revealed several key areas within pre-tax benefits where participant understanding needs improvement. What makes enrolling in benefits stressful?
PeopleStrategy
NOVEMBER 7, 2017
In 2018, the cap for employee contributions to health care flexible spending accounts will increase to $2,650 , according to the Society for Human Resource Management. You should also ensure that you understand any changes to the allowance of employer contributions to FSAs in 2018. Did your data change with them?
Corporate Synergies
AUGUST 6, 2018
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% million accounts in 2006 to over 22 million at the end of 2017. 3 Devenir , “2017 Year-End Devenir HSA Research Report”.
Corporate Synergies
FEBRUARY 11, 2019
Patient financial responsibility is on the rise—average out-of-pocket costs rose 11% in 2017 alone. Employers can help make the process a little easier with the right communication tools. A flexible spending account (FSA), which can be used to cover childcare and medical costs tax-free.
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