article thumbnail

Support your employees’ fertility benefit needs with an HSA or FSA

WEX Inc.

And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexible spending account (FSA) funds? What are fertility benefits? It is not legal or tax advice. Keep reading if you're interested in supporting your employees with these needs.

article thumbnail

4 ways to effectively communicate benefits

WEX Inc.

It’s about what a health savings account or a flexible spending account can do for them." Increase communication One main reason why employees don’t understand their benefits is a lack of communication from their employers. It is not legal or tax advice.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Identifying the “Perks” on National Employee Benefits Day

Benefit Resource Inc.

In honor of National Employee Benefits Day, here are some of the often overlooked benefit options employers can use to “sweeten the pot” to attract new talent and retain existing talent. These eight benefits provide an opportunity for over $30,000 of increased value to employees each year.*

article thumbnail

What are fringe benefits? What employers need to know

Insperity

What are fringe benefits? In common parlance, fringe benefits (a.k.a. perks or perquisites) are benefits you offer in addition to pay. The IRS’ Publication 15-B (2021) Employer’s Tax Guide to Fringe Benefits defines a fringe benefit as “a form of pay for the performance of services.

article thumbnail

Are HSAs Recession-proof?

Benefit Resource Inc.

While this may be bad news for the overall economy, it could actually be good news for those with a Health Savings Account (HSA). HSA’s are the only account to provide a triple-tax benefit. Funds deposited into an HSA tax-free, grow tax-deferred, and remain tax-free.

article thumbnail

The impact of Dobbs on employer provided healthcare

Business Management Daily

Aside from transportation costs, tax-free reimbursements for employees’ medical travel are limited to $50 per person a day for lodging; meals aren’t included. Employees can use health savings accounts to cover the cost and you can contribute to those, too. However, HSAs must be paired with high-deductible health plans.

article thumbnail

Open enrollment checklist for employers

Business Management Daily

Some benefits to consider adding or expanding are: 401K benefits: If your business is not matching contributions, you may want to look into what competing employers are doing in terms of retirement benefits and whether there is room in the budget to offer some level of matching. Submit all enrollment forms to benefits providers.