Corporate Synergies

SEPTEMBER 10, 2018

Open enrollment 2019 has so many moving parts it may seem impossible to manage. Three words have the power to make the most experienced HR professional shudder— open enrollment 2019. Employers with multiple generations of workers must accommodate a wide range of health and welfare benefits needs. As Seen In.

Health and Welfare 40

Health and Welfare Voluntary Benefits Flexible Spending Account Health Savings Account 40

Benefit Resource Inc.

FEBRUARY 4, 2021

Health Savings Accounts (HSAs) are basically the hot new(ish) accessory in the benefits world these days. You also get to keep them into retirement and if you switch employers. No matter where you are in your career, or in life, your Health Savings Account will be your constant companion. For-Ev-Ver!

Health Savings Account 73

Health Savings Account 401(k) Retirement Plan Taxes 73

Business Management Daily

JANUARY 5, 2021

The law also extends expiring tax provisions and everything that could be jammed into 5,593 pages of federal legislation three days before Christmas. The key payroll provisions include: An extension of the paid sick/ family leave provisions and your tax credit for providing leave. Extensions of popular payroll tax provisions.

Family and Medical Leave Act 52

Family and Medical Leave Act Payroll 401(k) Taxes 52

Corporate Synergies

AUGUST 19, 2019

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. Problems for Employers. As Seen In. billion to $43.5

Employment 40

Employment Health Savings Account Banking Deductions 40

Benefit Resource Inc.

JUNE 18, 2019

A Limited FSA, or a Limited Purpose FSA, is one of several pre-tax accounts you may be able to sign up for through your company. A Medical FSA is not compatible with a Health Savings Account (another pre-tax account that your employer may offer). You cannot have both accounts at the same time.

Health Savings Account 63

Health Savings Account Health Medical Taxes 63

Benefit Resource Inc.

MARCH 20, 2019

The report provides insight into the financial health of families across America, examining factors like employment, student loans, and retirement. Only you know if your savings match one of those statistics. The tax savings. An HSA is an account that may be offered by your employer. The easy funding.

401(k) 85

401(k) Deductions Deductible Health Savings Account 85

Best Money Moves

AUGUST 18, 2021

It’s no secret that employees of different generations expect different kinds of support from their employers. Accessible and comprehensive health benefits. Over half of all Americans receive health insurance from their employers, according to 2019 census data.

Health Insurance 58

Health Insurance Health Savings Account Insurance Benefits Package 58

Benefit Resource Inc.

JANUARY 2, 2020

From tax reform to how-to articles, here are the top 10 blogs from Benefit Resource: Check Your Balance. MTA fare increases announced, effective April 21, 2019. When the Metropolitan Transportation Authority bumped prices in early 2019, it made a few headlines. So far, prices have held steady… Pre-tax limits.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Health Savings Account Taxes 40

Benefit Resource Inc.

APRIL 16, 2019

Health Savings Accounts (or HSAs) are sometimes confusing. Let’s be honest, what benefits program or tax-program isn’t a little confusing? Second, you cannot be claimed as a dependent on another person’s taxes. Let’s say you turn 65 in July of 2019 and enroll in Medicare in July.

Deductions 80

Deductions Deductible Health Savings Account Taxes 80

Business Management Daily

OCTOBER 15, 2020

Employers can expect health benefit costs to rise 4.4% on average in 2021, compared to 2020, according to early results from the Mercer consulting firm’s National Survey of Employer-Sponsored Health Plans 2020. Mercer based the projection on an analysis of 1,113 employer responses gathered since early July.

Health Savings Account 52

Health Savings Account Healthcare Life Insurance Insurance 52

Benefit Resource Inc.

OCTOBER 1, 2020

ROCHESTER , NY, October 1 , 2020 – B enefit Resource , LLC (BRI) today announced the acquisition o f 121 Benefit s , a Minneapolis-based administrator of pre-tax benefits and benefit continuation services. This marks the first acquisition for BRI since its strategic partnership with CIP Capital in August 2019. . “

Flexible Spending Account 45

Flexible Spending Account Health Savings Account Flexible Spending Transportation 45

Benefit Resource Inc.

APRIL 30, 2019

Catered lunches, an employer-paid cell phone, a company car—these just scratch the surface. To avoid surprises down the road, it’s important to understand the tax consequences of any fringe benefits you offer. Accident and health benefits. Health Savings Accounts (HSAs). De minimus (minimal) benefits.

Transportation 40

Transportation Health Savings Account Taxes Education 40

Empuls

SEPTEMBER 25, 2023

For example, in 2019, Walmart agreed to pay $14 million to settle a class-action lawsuit alleging that the company failed to pay appropriate overtime wages to its employees. Employers must consider these requests seriously and can only reject them on reasonable business grounds.

Family and Medical Leave Act 40

Family and Medical Leave Act Overtime 401(k) Benefits Package 40

Insperity

DECEMBER 13, 2018

HSA is the acronym for health savings account; FSA is the acronym for flexible spending account. An easy, basic way to distinguish what each account is intended for is by focusing on what the letter “S” represents in each: savings and spending. What you need to know about health care FSAs.

401(k) 52

401(k) Deductions Deductible Taxes 52

AssuredPartners

FEBRUARY 3, 2020

The US Supreme Court ruled that the ACA individual mandate penalty (tax) was constitutional in 2012, and in December of 2017, Congress passed the Tax Cuts and Jobs Act, which reduced the individual mandate penalty to zero as of January 1, 2019. In fact, Massachusetts has been taxing its citizens since 2007.nIn

Taxes 52

Taxes Flexible Spending Account Flexible Spending Healthcare 52

Corporate Synergies

FEBRUARY 11, 2019

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. A health savings account (HSA), which can also be used to cover medical expenses tax-free. Offer HDHP and HSAs?

Health Insurance 47

Health Insurance Insurance Insurance Carriers Out of Pocket Cost 47

Benefit Resource Inc.

NOVEMBER 5, 2019

I’m here to tell you a secret: Even if you make under $30,000 a year, you can still have money for your company’s health insurance plan and for a plan that can save you on taxes. Like a Health Savings Account or a Flexible Spending Account ). Download a free budgeting app.

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Retail Healthcare 40

WEX Inc.

JULY 24, 2023

And it’s a solution you might already be offering: the health savings account. These accounts provide another way for your employees to diversify their efforts to prepare for retirement. What employers are saying about employee finances and retirement? Withdrawals for HSA eligible medical expenses are tax-free.

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

Benefit Resource Inc.

DECEMBER 19, 2019

Non-profits likely to see tax relief. Current State: The Tax Cuts and Jobs Act of 2017 required tax exempt entities (AKA non-profits) to pay unrelated business income tax (UBIT) on contributions employees set aside for qualified transit and parking benefits. Previously, the Individual Mandate was held up as a tax.

Health Savings Account 40

Health Savings Account Flexible Spending Account Taxes Flexible Spending 40