Remove 401(k) Remove Consulting Remove Flexible Spending Remove Taxes
article thumbnail

HSA vs. FSA: See how you’ll save with each

WEX Inc.

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings accounts have a triple-tax advantage, meaning distributions for qualified medical expenses and investment returns are tax-free, and contributions are tax-deductible.

401(k) 98
article thumbnail

Start your new benefits plan year off right with these 8 tips

WEX Inc.

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. Add dependents Your HSA or FSA may cover your dependents’ costs if the dependents are claimed on your tax return. For HSAs, it's tax dependents and spouses.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Life Hacks to Extend the Value of Your Benefits

Benefit Resource Inc.

You might plan for retirement by contributing to a 401k plan. You have a healthy retirement plan with a 401K, but lack options for comprehensive group medical benefits. There is no requirement to use HSA funds at the time you incur a medical expense, but that expense is still eligible for a tax-free reimbursement.

401(k) 98
article thumbnail

5 steps to more financially stable employees

Insperity

This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more. Make a 401(k) plan available to them. Promote the money-saving value of a flexible spending account.

401(k) 72
article thumbnail

Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

In a 401(k) plan, the most common type of retirement plan, employees can save up to a certain amount set by the U.S. Flexible spending accounts (FSAs) and health savings accounts (HSAs) HSAs and FSAs can help employees better prepare for medical expenses and, in the case of HSAs, even help employees enhance their retirement savings.

article thumbnail

How Employee Perks Can Help Companies in the US

Vantage Circle

Retirement Plans: Such as 401(k) plans with employer matching contributions Retirement plans, especially 401(k) plans with employer matching contributions, are paramount among employee perks in the United States. A 401(k) is a tax-advantaged retirement savings program provided by employers.

article thumbnail

9 Nontaxable Employee Benefits for Maximizing Your Income and Workplace Satisfaction

Empuls

Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent. In this blog, we will discuss tax free or non taxable employee benefits. In this blog, we will discuss tax free or non taxable employee benefits.