article thumbnail

Ready for a Great Open Enrollment?

Benefit Resource Inc.

We’ve put together an Open Enrollment timeline in hopes of making the rest of your year just a little less stressful. A solid employee benefits package is crucial for recruiting and retention and has become even more important in the current market — Open Enrollment plays a big part in that.

article thumbnail

Executive benefit reimbursement plans

Higginbotham

Both the employee and the employer may contribute, but funds expire if they are not used within a certain period of time. The Tax Benefits of Health Reimbursement Arrangements. Employees generally do not pay taxes on health reimbursement arrangement funds used on eligible health care expenses. Manage enrollment.

Insiders

Sign Up for our Newsletter

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

article thumbnail

FSA receipt requirements: What you need to document

Business Management Daily

Flexible spending accounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses. The patient does not have to be the employee. Health care provider’s name. Dependent care FSA receipt requirements.

Retail 52
article thumbnail

FSA eligible expenses — what purchases count?

Business Management Daily

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. Healthcare FSA.

article thumbnail

Penalties take effect for DC Transit Ordinance

Benefit Resource Inc.

Under the Sustainable DC Act of 2014, employers with more than 20 employees (including full and part-time employees) will be required to provide one of three commuter benefit options, including: Employee-paid pre-tax benefit. Employer-paid direct benefit. Provide documentation of commuter benefits.

article thumbnail

From deductibles to wellness: Why benefits options matter

WEX Inc.

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. However, not all employees are offered these benefits.