Benefit Resource Inc.

JULY 19, 2023

Offering healthcare financial tools such as health savings accounts (HSAs) and flexible spending accounts (FSAs) are an important part of any employee’s suite of employee benefits. READ THE FULL ARTICLE Featured In: The post Unlock The Power Of Employee Benefits appeared first on BRI | Benefit Resource.

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Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

DECEMBER 30, 2022

Choosing between a Health Savings Account (HSA) and a Flexible Spending Account (FSA) can be overwhelming. Flexible Spending Accounts, or FSAs for short, are widely known as a great way to save up and use pre-tax funds for medical expenses. Take a quick walk through the process of checking an account balance. learn more.

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Taxes Flexible Spending Account Health Savings Account Flexible Spending 75

Stratus.HR

NOVEMBER 30, 2020

If you’re planning your tax-sheltered income for 2021, the IRS did not increase the $2,750 limit you can contribute to a health Flexible Spending Account (FSA). Are over-the-counter medicines eligible expenses under a Flexible Spending Account (FSA or Flex Spending)? What is the 2021 health FSA contribution limit?

Health Savings Account 52

Health Savings Account Flexible Spending Account Flexible Spending Taxes 52

Money Talk

AUGUST 5, 2021

Each summer, AARP Bulletin publishes a 99 Great Ways to Save article with money-saving ideas. Also, cash-back and low-interest credit cards, pre-tax employer flexible spending accounts, negotiating (a.k.a., from the several recent annual AARP 99 Great Ways to Save articles. I call them my “Who Knews?” Happy saving!

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HR Professionals Magazine

AUGUST 1, 2023

Numerous factors may have contributed to the increase in family benefits offerings, such as heightened employee expectations, an increased number of employers recognizing the importance of supporting employees and their families, and more flexible time because of the COVID-19 pandemic.

Parental Leave 52

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Stratus.HR

OCTOBER 18, 2022

Related articles: Estimated Time on HR: Procuring Benefit Plans and Open Enrollment Administration Tasks Estimated Time on HR: Employee Relations & Compliance Tasks Estimated Time on HR: Administration Tasks Estimated Time on HR: Recruiting Tasks . Administering a Flexible Spending Account (i.e., Cafeteria Plan) .

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HR Lineup

MAY 10, 2024

In this article, we delve into the top strategies for reducing employee turnover in 2024, offering insights and actionable steps for employers to enhance retention efforts. High turnover rates can adversely affect organizational performance, morale, and overall productivity.

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Benefits Package Flexible Spending Account Employee Retention Flexible Spending 81

CorpStrat

JANUARY 22, 2024

To learn more about how to communicate your employee benefit plans effectively, read our full article. Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs) These accounts can be used for various health-related expenses, offering tax advantages and helping your employees save money.

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Best Money Moves

OCTOBER 13, 2023

Common incentives for participation include cash bonuses, reducing contributions towards health insurance and providing a flexible spending account. Our dedicated resources, partner offerings and 900+ article library make Best Money Moves a leading benefit in bettering employee financial wellness.

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Benefit Resource Inc.

NOVEMBER 19, 2019

In this article, we kick legal jargon to the curb and dive into three areas to provide a high level guide to understanding this plan. One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). Finally, the last type of cafeteria plan is a Dependent Care flexible spending account.

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Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

Benefit Resource Inc.

NOVEMBER 27, 2022

Many employers offer Flexible Spending Accounts (FSAs) as a way to help employees cover out-of-pocket medical expenses. read the full article. Open enrollment can be a daunting time for employees, especially if they’re not familiar with all of the benefits their company offers.

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Benefit Resource Inc.

NOVEMBER 19, 2019

In this article, we kick legal jargon to the curb and dive into three areas to provide a high level guide to understanding this plan. One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). Finally, the last type of cafeteria plan is a Dependent Care flexible spending account.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

AssuredPartners

FEBRUARY 12, 2023

Check out our article about communicating to your workforce’s different generations. Don’t ask them to enroll in their benefits or make complex decisions about their lives, families, and future without giving them the most valuable information. Not sure which mediums are best to use when sending benefits information?

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401(k) Flexible Spending Account Flexible Spending Healthcare 52

Stratus.HR

DECEMBER 13, 2021

If you’d like to tax-shelter a portion of your income for 2022, please see the increased contribution amounts below for both Flexible Spending Account (FSA) and Health Savings Account (HSA) participants. ‘Tis the season to make and finalize FSA contributions for the 2022 plan year. What is the 2022 FSA contribution limit?

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HR Lineup

FEBRUARY 9, 2023

The platform also offers a flexible spending account (FSA) option, allowing employees to set aside pre-tax dollars for eligible medical and dependent care expenses. The platform also offers a wide range of resources, including tutorials, webinars, and articles, to help companies get the most out of their benefits offerings.

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Genesis HR Solutions

SEPTEMBER 22, 2020

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. Flexible Spending Account (FSA). There is risk involved in sponsoring a 401(k) Plan— we discuss this in detail in this article.

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401(k) Employee Benefits Disability Insurance roth 401(k) 98

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. ” If you want to see your balance fast and skip calling in, this article has all the tips you need. From the FSAStore to Amazon, here are the best places to use up your Flexible Spending Account funds.

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Flexible Spending Account Flexible Spending Health Savings Account Taxes 40

Benefit Resource Inc.

JUNE 4, 2019

This article will explore why insurance doesn’t cover IVF and ways that IVF and insulin can be made more affordable. Through an account like a Flexible Spending Account or Health Savings Account (or Health Reimbursement Account, depending on the employer), the exorbitant expense of IVF and insulin are made somewhat more manageable.

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Flexible Spending Account Flexible Spending Health Savings Account Insurance 85

AssuredPartners

OCTOBER 13, 2022

125 Plan (other than a Flexible Spending Arrangement (FSA)) are permitted to revoke or modify an existing election for family coverage during a plan year in order for one or more family members to enroll in a Qualified Health Plan (QHP) through a Health Insurance Exchange on the individual market. Family Coverage Affordability.

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Benefit Resource Inc.

JANUARY 7, 2020

Let’s say you have a Flexible Spending Account (FSA) and a mass transit Commuter Benefit Plan (CBP). If you want to know more about ID theft protection, check out this article or this overview page. So you really don’t want to add more. How it works. Both accounts are linked to your card.

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Flexible Spending Account Flexible Spending Health Savings Account Taxes 40

Benefit Resource Inc.

DECEMBER 8, 2020

Families utilizing Dependent Care Flexible Spending Accounts (FSAs) are up against a December 31st deadline. If you have an FSA, there’s a high chance you’ll have to spend down the money in your account so you don’t lose it. Many are in danger of losing their funds.

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Benefit Resource Inc.

AUGUST 27, 2019

Flexible Spending Accounts are one of the most popular tax-advantaged accounts employees choose during open enrollment. Find out in our article. One of the main draws of these accounts is the broad range of products and services they can be used to pay for. Your runout period will be listed on your Plan Highlights.

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Flexible Spending Account Flexible Spending Medical Taxes 40

Higginbotham

NOVEMBER 2, 2022

The following commonly offered employee benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs); Health flexible spending accounts (FSAs); 401(k) plans; and. Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year.

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WEX Inc.

APRIL 12, 2023

They can’t be covered by any other health plan that would disqualify them from an HSA, such as a spouse’s plan or a medical flexible spending account (FSA). An article from SHRM says employers have to: File Form 5500s. Also, employees can’t be enrolled in Medicare or be claimed as a dependent on someone else’s tax return.

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Stratus.HR

JUNE 16, 2022

Related articles: How Often Should I Update My W-4 Tax Form? health, dental, vision), flexible spending, or any other pretax benefit. Having an adult child who gets married or moves out of the house. No longer qualifying as a dependent of any parents or guardian. Having a spouse who gets a new job or changes work status or pay.

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Taxes Outsourcing Payroll Deductions Deductible 71

Griffin Benefits

OCTOBER 1, 2022

Additionally, account-based plans, like health reimbursement arrangements (HRAs) and health care flexible spending accounts (FSAs), are not required to report. You can view more compliance articles in our Compliance Directory. Excepted benefits (e.g., The rules can be complex, so careful attention is warranted.

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Insurance Carriers Employment Flexible Spending Account Insurance 65

Achievers

MARCH 12, 2019

If that’s not feasible, you may be able to join the 58 percent of smaller firms (and 83 percent of larger ones) who offer a dependent care flexible spending account. Do you have any thoughts on this article? A few companies such as Patagonia find it cost-effective to provide on-site childcare for employees.

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Flexible Spending Account PTO Flexible Spending Paid Leave 125

Benefit Resource Inc.

JUNE 29, 2020

Those include commuter benefit plans, flexible spending accounts (FSAs), health reimbursement accounts (HRAs), and health savings accounts (HSAs). The information in this article was prepared by Benefit Resource and Benefit Resource is solely responsible for its accuracy and completeness. Why we are the ideal benefits partner.

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Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

Best Money Moves

JULY 8, 2020

Employees can talk to trained professional financial counselors and educate themselves about everything from investing to co-signing loans to buying their first homes with access to a library of over 700 articles, videos and calculators. Each point translates into a chance to win a monthly contest. 4 Paid Time Off.

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Employee Benefits Out of Pocket Cost Flexible Spending Account Health Insurance 111

Benefit Resource Inc.

OCTOBER 24, 2019

Flexible Spending Account. If you want to learn more about Open Enrollment follow us on Facebook for tips or check out our blog page for articles. Now, which pre-tax account you can enroll in depends on what kind of health insurance you have. Type of Insurance Plan. Pre-tax Account You Can Enroll In*. Health Savings Account.

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Benefit Resource Inc.

JANUARY 11, 2021

The ability for terminated employees to receive a distribution from a Flexible Spending Account. The views and opinions expressed in this article are those of the authors and do not. Allow those that participate in a primary care arrangement to participate and contribute to an HSA.

Government 40

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PeopleKeep

DECEMBER 22, 2020

This article provides an overview of how Section 125 cafeteria plans work. Many working Americans have access to a Section 125 Cafeteria Plan at some point during their working career, yet many do not take full advantage of them. When utilized correctly, a cafeteria plan can increase take-home-pay without any change in expenditures.

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Stratus.HR

JUNE 11, 2021

In short, just about anything you can pay for with a flexible spending account (FSA) could also be purchased with HSA money. Related articles: Should I Enroll in a High Deductible Health Plan with an HSA? However, if it’s not part of your medical plan, that expense won’t go towards meeting your deductible.

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Benefit Resource Inc.

SEPTEMBER 4, 2020

Flexible Spending Account: Classic vanilla. You may even have to ask for sprinkles a few times before you get them, so here is an article on the right way to ask for sprinkles. While most ice cream parlors offer basic options, some of them offer additional treats besides ice cream. Health Savings Account: Gelato.

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Achievers

MARCH 12, 2019

If that’s not feasible, you may be able to join the 58 percent of smaller firms (and 83 percent of larger ones) who offer a dependent care flexible spending account. ” Do you have any thoughts on this article? A few companies such as Patagonia find it cost-effective to provide on-site childcare for employees.

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Flexible Spending Account PTO Flexible Spending Paid Leave 107

Benefit Resource Inc.

MAY 12, 2023

Read the full article Featured In: The post FSA and HSA Eligible Expenses That May Surprise You appeared first on BRI | Benefit Resource. BRI’s VP of Strategy, Becky Seefeldt , met with Employee Benefit News (EBN) and discussed the many ways employees can save on health costs.

Banking 52

Banking Taxes Employee Benefits Flexible Spending 52

Stratus.HR

JANUARY 24, 2022

For example, if you contributed to a health plan, retirement plan, or had a Health Savings Account (HSA), Health Reimbursement Account (HRA), or a Flexible Spending Account (FSA), those dollars are pre-tax. Related articles: Are Employee Gift Cards Taxable? And it’s good to have fewer wages be taxable!

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