Benefit Resource Inc.

MAY 2, 2023

Offering pre-tax benefits First, if employee benefits aren’t already offered, employers can help alleviate the financial burden of healthcare costs for their employees by providing pre-tax benefits. This can include increasing the number of pre-tax deductions available to employees.

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Higginbotham

JUNE 14, 2022

Flexible Spending Accounts (FSAs) have emerged as one solution. FSA programs can be a good fit for many employee health benefit programs, but before being able to decide, you may have some questions – for example, how do FSAs work? Flexible Spending Account vs. Health Savings Account.

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Business Management Daily

NOVEMBER 15, 2021

Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. Employers are constantly looking for ways to remain competitive in their benefits offerings, and an FSA is a great add-on to your benefits package. Wherever you fall, we have answers for you.

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Benefit Resource Inc.

MAY 27, 2021

Over the years, dental insurance has been shifting from a semi-rare fringe benefit to a standard component of most benefit packages. Fortunately, there’s another option… Enroll in a Limited Purpose Flexible Spending Account (FSA). Copayments and dental plan deductibles.

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Benefit Resource Inc.

NOVEMBER 22, 2022

With a pre-tax benefit, you’re able to deduct the cost of your benefits from your taxes before you calculate what you owe. There are several different types of pre-tax benefits that you may be eligible for, including Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), and Commuter Benefits.

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Higginbotham

FEBRUARY 21, 2023

Coinsurance Meaning in Health Insurance Plans HealthCare.gov says coinsurance is a percentage of covered health care expenses that the policyholder must pay after meeting the deductible. This results in savings for both you and the insurance company. Health plans usually have both a deductible and coinsurance or copays.

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Higginbotham

JULY 12, 2022

They have to pay a deductible. A health reimbursement plan gives employers a way to cover these costs. HRAs may sound like Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs), but there are key differences. Amounts that aren’t covered under another health plan.

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Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Higginbotham

JANUARY 27, 2023

Although it may seem easier to boost wages and forget about employee benefits, due to potential tax breaks, offering health insurance can be a financially sound strategy. A benefits package can also boost your company’s bottom line by supporting a healthy workforce. Dental and vision insurance. Learn more.

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Genesis HR Solutions

SEPTEMBER 22, 2020

Flexible Spending Account (FSA). According to Healthcare.gov , a Flexible Spending Account (also known as a flexible spending arrangement) is a special account employees put money into that they use to pay for certain out-of-pocket health care costs. Health Savings Account (HSA).

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Best Money Moves

JULY 8, 2020

HR trends forecast the most desired employee benefits for 2021 like financial wellness programs and flexible work arrangements. It’s time for employers to start planning their employee benefits packages for 2021. 9 Pet-Friendly Employee Benefits. 4 Paid Time Off.

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Benefit Resource Inc.

OCTOBER 30, 2018

The BRight Ideas Quiz administered by Benefit Resource, Inc. in 2017 revealed several key areas within pre-tax benefits where participant understanding needs improvement. In this section, we’ll explore areas related to Flexible Spending Accounts, Health Savings Accounts, and Health Reimbursement Accounts.

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WEX Inc.

JULY 20, 2023

In the first post of this year’s open enrollment series, we break down some of the common feedback we received from those who said their benefits options were lacking so you can build the best benefits package going into your open enrollment. Deductibles are too high. Wish there were more options.” “A

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Insperity

MARCH 12, 2024

Launching a successful benefits program in your workplace calls for a savvy employee benefits strategy. Here, we’ll cover everything you need to know about employee benefits. Bureau of Labor Statistics (BLS) , private-sector employers spend an average of $2.86 According to the U.S.

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Higginbotham

OCTOBER 14, 2022

Different health plan types come with both advantages and disadvantages, including differences in cost, risk and employee involvement/education. Health insurance is a key element of any employee benefits package, but small business owners should consider offering other benefits as well.

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Empuls

JULY 11, 2023

In this blog, we will discuss tax free or non taxable employee benefits. tax free benefits are those that provide financial advantages for both employees and employers by avoiding certain taxes and deductions. Additionally, employers can benefit from tax deductions or exclusions for providing these benefits.

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Higginbotham

MAY 11, 2023

FAQs Provide Guidance on Preventive Care Following Court Decision The ACA requires non-grandfathered health plans and health insurance issuers to cover a set of recommended preventive services without imposing cost-sharing requirements (such as deductibles, copayments or coinsurance) when the services are provided by in-network providers.

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Insperity

APRIL 4, 2012

While waiting for the Supreme Court decision, many employers find themselves trying to balance their employees’ needs with rising health care costs. Higher Deductibles. The single most popular way to manage the high cost of providing health care to employees is the use of high-deductible insurance , which continues to gain popularity.

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Benefit Resource Inc.

SEPTEMBER 25, 2018

Let’s say you decided to offer a Flexible Spending Account (FSA). Limited/Post Deductible FSA. You may also need to consider pre-tax transportation benefits. Commuter Benefits, Health Savings Accounts and even COBRA benefits can be transitioned at any time.

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