McDermott Will & Emery Employee Benefits

MAY 17, 2023

Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2023-23) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2024.

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Health Savings Account Deductions Deductible Employee Benefits 65

InterWest Insurance Services

MAY 12, 2022

The IRS has announced significantly higher health savings account contribution limits for 2023, with the amount increasing more than 5% for individual HSA plans. An HSA is a special bank account that can be used to pay for or reimburse for your employees’ eligible health care costs.

Health Savings Account 98

Health Savings Account Deductions Deductible Health 98

McDermott Will & Emery Employee Benefits

SEPTEMBER 21, 2022

The post Save It for a Rainy Day: Recent Amendment Extensions for Qualified Retirement Plans, 403(b) Plans and Individual Retirement Accounts appeared first on EMPLOYEE BENEFITS BLOG.

Retirement Plan 85

Retirement Plan IT Employee Benefits Executive Compensation 85

McDermott Will & Emery Employee Benefits

APRIL 29, 2022

Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2022-24) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2023.

Health Savings Account 89

Health Savings Account Deductions Deductible Employee Benefits 89

Benefit Resource Inc.

JANUARY 2, 2020

As we close out the decade, we look back at the most educational, news breaking blogs. From tax reform to how-to articles, here are the top 10 blogs from Benefit Resource: Check Your Balance. Number 1: Make sure you know what account(s) you have. Turns out Health Reimbursement Accounts are confusing for employees and employers.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Health Savings Account Taxes 40

InterWest Insurance Services

JUNE 28, 2022

found that over a five-year period, injuries to new employees accounted for 35% of all workplace injuries. These injuries resulted in more than 6 million lost workdays, accounting for 37% of all lost workdays during the period. The report by Travelers Cos., First-year injuries were especially prevalent in four industries.

Transportation 97

Transportation Construction Employment Insurance 97

Hppy

SEPTEMBER 16, 2022

Recruiter blogs could be a great solution for HR managers in finding new employees. By reading this article you will learn more about blog recruiting secrets that will help you to find the best candidates. Blogging as a recruiting tool for hiring in 2022. Recruiter blogs and jobs. Image by rawpixel.com on Freepik.

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Recruitment Media Entertainment Human Resources 36

Employee Benefits

JANUARY 13, 2022

The origin is said to come from a calculation which takes into account the poor seasonal weather conditions, levels of debt, time since new year’s resolutions have been broken, and low motivation levels. The post Barton’s blog: From mass sickness absence to January motivation appeared first on Employee Benefits. Tynan Barton.

Transportation 52

Transportation Healthcare Government Education 52

Benefit Resource Inc.

DECEMBER 31, 2018

The most read blogs of 2018. Health Reimbursement Accounts can be a bit of a mystery. Number three on the list of most read blogs of 2018, this post complemented the substantiation piece and dug a little deeper on how participants can avoid receipt requests. They’re here. You (and our web analytics) picked them.

Flexible Spending 45

Flexible Spending Employment IT 45

Money Talk

MARCH 14, 2024

To use this program, users must create an account with a username and password. It is a large language model (LLM) trained on a massive data set of text information that creates (generates) brand new content. Login Details - The website for ChatGPT is [link]. The response to your query is lightning-fast.

Finance 191

Finance Engineering Software IT 191

McDermott Will & Emery Employee Benefits

APRIL 17, 2024

million settlement with a New York City hospital for alleged violations of the Health Insurance Portability and Accountability Act (HIPAA). Million Over HIPAA Violations appeared first on EMPLOYEE BENEFITS BLOG. The US Department of Health and Human Services Office for Civil Rights (OCR) recently reached a $4.75

Hospitality 77

Hospitality Health Insurance Electronics Insurance 77

WEX Inc.

SEPTEMBER 21, 2023

However, for participants of health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs. Surgeries such as LASIK or to treat cataracts are generally eligible for reimbursement from both accounts.

Health 98

Health Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

AUGUST 2, 2023

A flexible spending account (FSA) allows participants to save money by setting aside pre-tax dollars to pay for eligible medical, dental , vision and dependent care expenses incurred by you, your spouse, or your eligible dependents. A FSA is an account that allows you to set aside pre-tax funds to pay out-of-pocket healthcare costs.

Flexible Spending Account 98

Flexible Spending Account Deductions Deductible Health 98

Benefit Resource Inc.

APRIL 25, 2019

This is where pre-tax accounts come in. There are different types of pre-tax accounts. A Limited FSA is a pre-tax account designed to pay exclusively for out-of-pocket dental and vision expenses. If they don’t, show them the blog “ The Case for a Limited FSA “). That’s where a Limited FSA comes in.

Health 74

Health Insurance Taxes Flexible Spending 74

InterWest Insurance Services

MARCH 26, 2024

The newest cyber and financial fraud threat facing businesses is deepfake technology, which criminals are using to extract money from unsuspecting accounts payable personnel. million) to various Hong Kong bank accounts in a series of transactions. Ensure strong authentication protocols.

Technology 96

Technology Banking Insurance Finance 96

WEX Inc.

AUGUST 14, 2023

A flexible spending account (FSA) carryover is one way you can provide flexibility to employees who participate in these accounts. Read our blog posts on grace periods and run-out periods for the rest of the series. This blog was originally published in August 2021 and most recently updated in August 2023.

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Flexible Spending Account IT Flexible Spending Taxes 98

WEX Inc.

AUGUST 10, 2023

You might be surprised to learn that your health savings account (HSA) and medical flexible spending account (FSA) can help you save on purchases of a variety of back-to-school, expenses, including: Thermometers. For more insights about HSAs or FSAs, subscribe to our blog or check out our eligible expense list.

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Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

AUGUST 29, 2023

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? The information in this blog post is for educational purposes only. WEX receives compensation from some of the merchants identified in its blog posts.

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Flexible Spending Account Health Savings Account Flexible Spending Medical 98

Money Talk

SEPTEMBER 9, 2022

bank and brokerage accounts, cryptocurrencies, and retirement savings plans). online retailer accounts and financial accounts) and then prepare a detailed inventory. Benefit Accounts - This category includes rewards programs for various airlines and hotels, railroad miles, and retailer rewards or loyalty programs.

Electronics 171

Electronics Retail Health Insurance Banking 171

WEX Inc.

JULY 9, 2023

A dependent care flexible spending account lets participants set aside pre-tax dollars to help pay for dependent care. You can also use your app or online account to upload your Reimbursement Request Form. Once enrolled, you can find the form in your online account or by searching our knowledgebase.

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Flexible Spending Account Flexible Spending Taxes Consulting 98

WEX Inc.

SEPTEMBER 7, 2023

Flexible spending accounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. Empower your employees with helpful resources that answer many of their lingering questions, including our blog , benefits toolkit , and knowledgebase of FSA-related videos and educational materials.

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Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

WEX Inc.

FEBRUARY 23, 2023

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. There are a variety of activities related to your account that you want to stay on top of by signing up for text alerts. How do you do this?

Flexible Spending Account 98

Flexible Spending Account 401(k) Health Savings Account Banking 98

WEX Inc.

AUGUST 7, 2023

Sunscreen can cost as much as $40 a bottle, but did you know you can actually use your health savings account (HSA) or medical flexible spending account (FSA) funds on many SPF-related expenses? WEX receives compensation from some of the merchants identified in its blog posts. How’s your sunscreen stock?

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Flexible Spending Account Health Savings Account Flexible Spending Medical 98

15Five

OCTOBER 13, 2016

Craving Accountability? Gallup has also found that Millennials seem to crave accountability. In fact, 56% who report that their manager holds them accountable at work are engaged. Consistently holding employees accountable tends to drive maximum employee performance AND makes those employees happier and more likely to stay.

Consulting 84

Consulting Government Salary Management 84

WEX Inc.

AUGUST 15, 2023

For first-time health insurance and benefits electees, we’re kicking off a three-part blog series just for you to walk through considerations when making these decisions. However, your eligibility for either account can be influenced by the health plan you choose. The information in this blog post is for educational purposes only.

Deductions 98

Deductions Deductible Healthcare Flexible Spending Account 98

Benefit Resource Inc.

SEPTEMBER 4, 2020

Below, we explore some surprising (yet tasteful) similarities between types of ice cream and pre-tax accounts. Flexible Spending Account: Classic vanilla. Health Savings Account: Gelato. Health Reimbursement Account: Sundae. Specialty Account: Fro-yo. Check out our other blogs for more fun, informative content!

Taxes 40

Taxes Flexible Spending Account Flexible Spending Health Savings Account 40

Benefit Resource Inc.

MAY 6, 2020

In this week’s episode of Hall Pass, CEO Jason Hall discusses COVID-19 and pre-tax accounts with Client Services Manager Michelle Dean. Check out the video below: COVID-19 and Pre-Tax Accounts. Employers should encourage employees to take advantage of the money in their benefit accounts so that money is not left on the table.

Taxes 52

Taxes Medical Payroll Employment 52

Money Talk

MAY 18, 2022

In an earlier blog post , I described 12 tax planning topics for 2022. Also consider some savings in taxable and/or tax-free accounts so you have tax diversification (i.e., Take time now to research potential account custodians. Saving even 1% more of pay can make a difference in later life.

Taxes 261

Taxes 401(k) Deductions Deductible 261

Benefit Resource Inc.

APRIL 7, 2023

BONUS: ID Theft Services are comprehensive and can cover your bank accounts, medical IDs, social security numbers and even email addresses. You can also read our blog on substantiation. Each dollar going into a pre-tax benefit account saves you 30 to 40 cents per dollar. It’s free and secures your peace of mind.

Taxes 98

Taxes Flexible Spending Account Health Savings Account Flexible Spending 98

Hireology

NOVEMBER 6, 2019

Many organizations not only lack a standardized hiring process, but also don’t have access to the right hiring data to hold managers accountable to improving over time. Hiring data related to process adherence helps you hold hiring managers accountable to following to each step in the process for every candidate.

Management 60

Management Retail Human Resources Healthcare 60

Money Talk

SEPTEMBER 30, 2022

Full disclosure: this blog post is written from a place of privilege for older adults with higher-than-average incomes and/or assets. Consider Philanthropy- As a win-win, older adults can make gifts to charitable organizations that reduce their account balances and taxes. IRMAA surcharges.

401(k) 243

401(k) Taxes Pension Deductions 243

Hireology

JULY 1, 2019

Armed with this data, you can also hold your team accountable to efficiently following the hiring process you have in place. Hireology’s Adherence Insight helps your team follows an impactful, compliant hiring process by holding team members accountable for completing all steps of the process.

Human Resources 60

Human Resources Recruitment Management IT 60

WEX Inc.

MAY 17, 2023

Health savings account (HSA) contribution limits are on the rise again in 2024. EBHRA 2023 2024 Limit $1,950 $2,100 The state of HSAs today Devenir's 2022 year-end HSA research report shows there are $104 billion in HSA assets nationwide in more than 35 million accounts. When can HSA participants change their contributions?

Health Savings Account 98

Health Savings Account Deductions Deductible Taxes 98

McDermott Will & Emery Employee Benefits

JULY 10, 2023

The US Department of Health and Human Services Office for Civil Rights (OCR) recently announced a settlement with a community hospital resolving an investigation under the Health Insurance Portability and Accountability Act of 1996 (HIPAA) privacy and security rules.

Health Insurance 81

Health Insurance Hospitality Medical Insurance 81

WEX Inc.

SEPTEMBER 12, 2023

If you’ve never been asked if you would like to participate in an employee benefits account before, you might be asking yourself, “What are all these acronyms?” Click here for the first blog post in our series on choosing a health plan for the first time.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

WEX Inc.

MAY 4, 2023

The IRS requires your flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. FSAs are employer-sponsored accounts, so it’s particularly important for you to comply with IRS regulations regarding documentation. Would you like to learn more about FSA substantiation?

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Taxes Medical 98

WEX Inc.

MAY 31, 2023

For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are opportunities to save money on these expenses. The information in this blog post is for educational purposes only. WEX receives compensation from some of the merchants identified in its blog posts.

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Medical Flexible Spending Account Health Savings Account Flexible Spending 98