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How much should I contribute to my HSA?

WEX Inc.

How much should I contribute to my health savings account (HSA) each month? If you’re covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $3,650 per year (in 2022) into your health savings account (HSA). What is an HSA?

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Smallest Firms See Largest Health Insurance Hikes

InterWest Insurance Services

A new report has found that small businesses that purchase their group health insurance online or through payroll vendors saw the largest premium hikes in 2022, significantly higher than those that went through brokers. Since 2018, individual premiums have increased by 21% while family premiums have increased by 18%.

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Does Your W-2 Look Wrong? It Could Be This…

Stratus.HR

In anticipation of your questions, our payroll department put together a short list of FAQs to answer everything you’ve been meaning to ask about your W-2. If your taxing state needs to be adjusted, please contact our payroll department (talk or text 801-984-1328 or email payroll@stratus.hr ). What should I do?

Taxes 64
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How will you cover health care expenses in retirement?

Benefit Resource Inc.

. “[Under] 40 percent of nonretired adults think they are on track in saving for their golden years and 25 percent have no retirement savings or pension at all.” Households released in May 2018. Only you know if your savings match one of those statistics. The tax savings.

401(k) 85
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5 reasons why an HSA is better than you thought

Benefit Resource Inc.

Health Savings Accounts have many advantages, but there is still an air of misunderstanding around some of the main tenets of the account. The funds in a Health Savings Account automatically earn interest which accumulates tax-free. One such misunderstanding is the treatment of unused funds.

401(k) 45
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Employers: Help Your Employees Avoid HSA Challenges

Corporate Synergies

Health savings accounts are designed for the long term, but most employees use funds for current healthcare expenses. Health savings accounts (HSAs) continue to increase in popularity, but not without issues for both employees and employers. From 2008 to 2018, the total amount deposited in HSAs rose from $5.3

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Creating a comprehensive benefits package to attract and retain top talent

PeopleStrategy

A late 2018 study conducted by The Harris Poll on behalf of the American Institute of CPAs found that 80% of those surveyed would likely choose a job with solid benefits over a position with a more generous salary but no benefits. While salary is still important (we all have bills to pay!),