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. Can I use my HSA or medical FSA to pay for dental expenses?

Medical 98

Medical Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

SEPTEMBER 14, 2023

Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. If you rarely go to the doctor or would like to enroll in a health savings account (HSA) , an HSA-eligible health plan may be right for you!

401(k) 98

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

Benefit Resource Inc.

MARCH 28, 2024

Pre-tax benefits are a powerful tool for saving money and maximizing your income. From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely.

Flexible Spending Account 52

Flexible Spending Account 401(k) Health Savings Account Flexible Spending 52

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. The information in this blog post is for educational purposes only.

Flexible Spending Account 98

Flexible Spending Account Deductions Deductible Health 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. Right after you log in to your online account or the benefits mobile app, you’ll see a “Tasks” menu.

Flexible Spending Account 98

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

Money Talk

MAY 18, 2022

In an earlier blog post , I described 12 tax planning topics for 2022. Now that 2021 income tax season has been over for a month and the dust has settled, it is time to start some serious tax planning for 2022.

Taxes 262

Taxes 401(k) Deductions Deductible 262

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. Consider offering tools that estimate potential savings based on different expense levels, showcasing the value of even minor contributions to an FSA. Download now!

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

Benefit Resource Inc.

APRIL 7, 2023

You can also read our blog on substantiation. Price Transparency Unearthing the price of health-related items is often more difficult (and frustrating) than it should be. Each dollar going into a pre-tax benefit account saves you 30 to 40 cents per dollar. If you still have a question on claims, visit our FAQs page.

Taxes 98

Taxes Flexible Spending Account Health Savings Account Flexible Spending 98

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. Subscribe to our blog to stay updated on all the benefits information!

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

WEX Inc.

JULY 7, 2023

The IRS’ use-or-lose rule governs flexible spending accounts (FSAs). A flexible spending account (FSA) is an employer-sponsored benefit that allows employees to set aside a portion of their pre-tax salary to pay for qualified medical expenses or dependent care expenses. So what is the use-or-lose rule?

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account IT 52

WEX Inc.

MAY 24, 2023

It’s about what a health savings account or a flexible spending account can do for them." The information in this blog post is for educational purposes only. WEX receives compensation from some of the merchants identified in its blog posts. It is not legal or tax advice.

Flexible Spending Account 97

Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

WEX Inc.

JANUARY 4, 2023

And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility. In this blog post, we outline some of the ways your ability to use your employee benefits changes when you elect COBRA. The information in this blog post is for educational purposes only.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

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. Top 8 places to use your Health FSA. Take a look if you want to know about everything wrong with Health Savings Accounts.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Health Savings Account Taxes 40

McDermott Will & Emery Employee Benefits

OCTOBER 19, 2022

The maximum salary reduction limit for a health flexible spending account (Health FSA) increased to $3,050 for 2023 (from $2,850 in 2022), and the Health FSA carryover […]. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

Health and Welfare 79

Health and Welfare Flexible Spending Account Flexible Spending Salary 79

WEX Inc.

AUGUST 15, 2023

Whether you're transitioning from your parents' insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. For starters, let’s look at a few considerations when evaluating health plans for the first time.

Deductions 98

Deductions Deductible Healthcare Flexible Spending Account 98

Benefit Resource Inc.

DECEMBER 30, 2022

An HSA (Health Savings Account) is a great way to save up money tax-free for future medical expenses. Take a quick walk through the process of checking an account balance. Choosing between a Health Savings Account (HSA) and a Flexible Spending Account (FSA) can be overwhelming.

Taxes 75

Taxes Flexible Spending Account Health Savings Account Flexible Spending 75

Benefit Resource Inc.

JANUARY 16, 2020

The buzz phrase “health and wellness” is currently widely used to reference services or products that take a more holistic approach to care. So, how will this affect tax advantaged accounts like Flexible Spending Accounts and Health Reimbursement Accounts?

Health Savings Account 73

Health Savings Account Flexible Spending Account Flexible Spending Taxes 73

Benefit Resource Inc.

MARCH 21, 2023

Check out our podcast episode: Mental Health & the Workplace or visit our blog. Medical or mental health therapy is eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), and health reimbursement account (HRA).

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account Education 52

InterWest Insurance Services

NOVEMBER 25, 2022

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts.

401(k) 98

401(k) Deductions Deductible Flexible Spending Account 98

WEX Inc.

APRIL 12, 2023

Health saving accounts (HSAs) offer an excellent opportunity for participants to save money on healthcare expenses and for employers to support their employees’ wellness needs in a cost-efficient way. The information in this blog post is for educational purposes only. It is not legal or tax advice.

Health Savings Account 52

Health Savings Account Deductions Deductible Flexible Spending Account 52

InterWest Insurance Services

SEPTEMBER 27, 2023

This is especially true if you are making changes to cost-sharing, introducing new plans, or offer voluntary benefits, a wellness plan or health savings account or flexible spending account. Communicate effectively Your task is to get employees out of cruise control and truly assess all of their options.

Out of Pocket Cost 91

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 91

Benefit Resource Inc.

OCTOBER 21, 2019

” In the case of pre-tax benefits, we like to say “There’s a plan for that” Regardless of your benefits problem, by comparing Flexible Spending Accounts, Health Savings Accounts and Health Reimbursement Accounts, you can find the right plan to fit your needs.

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Flexible Spending 401(k) 40

WEX Inc.

SEPTEMBER 6, 2023

HSAs and FSAs: Service dog expenses Health savings accounts (HSAs) and flexible spending accounts (FSAs) may provide an additional avenue for covering the cost of a service dog. The information in this blog post is for educational purposes only. Peace of mind knowing that your pet is covered for life.

Recruitment 59

Recruitment Flexible Spending Account Health Savings Account Medical 59

Benefit Resource Inc.

MAY 27, 2021

Fortunately, there’s another option… Enroll in a Limited Purpose Flexible Spending Account (FSA). It’s a great partner plan if you have or want to enroll in a Health Savings Account (HSA). Check out this blog. If you do smoke, consider quitting.

Flexible Spending Account 75

Flexible Spending Account Flexible Spending Health Savings Account Health 75

Benefit Resource Inc.

AUGUST 12, 2021

NOTE: A previous version of this blog on personal protective equipment was originally published in October 2020. Reimbursement is permitted for Health Reimbursement Accounts that currently allow over-the-counter medical supplies as eligible expenses. How does something become eligible? Good question.

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Flexible Spending Medical 40

Benefit Resource Inc.

OCTOBER 27, 2020

There were no changes to limits for the commuter accounts or medical flexible spending account. Find it here: 2020 Limits: Pre-tax accounts. 2020 Limits: Health savings accounts. The limits are effective for plan years that begin on/or after January 1, 2021. Details below.

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Flexible Spending Medical 40

InterWest Insurance Services

MARCH 4, 2022

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. While health savings accounts have grown in popularity, you can only offer them to employees who are enrolled in high-deductible health plans.

Medical 98

Medical Health Insurance Out of Pocket Cost Deductions 98

PeopleStrategy

NOVEMBER 1, 2023

If applicable, provide information on Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) and how employees can contribute. That evaluation will set you up when you start back at the beginning of this blog post in several months. See if you met your goals and get going for next year.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Utilities Flexible Spending 52

InterWest Insurance Services

JULY 20, 2022

The freebies — Under the Affordable Care Act, health plans are required to cover a list of 10 essential services, particularly preventative procedures like colonoscopies.

Education 98

Education 401(k) Deductions Deductible 98

Benefit Resource Inc.

FEBRUARY 18, 2020

Health Savings Accounts are not subject to COBRA, but they play an important role in benefits continuation. Health Savings Accounts tend to get a little trickier. Flexible Spending Accounts start to get messy as they are ‘sometimes’ subject to COBRA. How long does COBRA last?

Taxes 40

Taxes Flexible Spending Account Health Savings Account Flexible Spending 40

Benefit Resource Inc.

JUNE 27, 2019

There are a variety of different plans and accounts available. Two of the most common accounts are a Health Savings Account (HSA) and a Flexible Spending Account (FSA). Regardless of the account you use, there are a number of eligible vision expenses.

Flexible Spending Account 63

Flexible Spending Account Health Flexible Spending Health Savings Account 63

Benefits Notes

FEBRUARY 9, 2022

A participant may not double dip by having the medical plan reimburse the participant for the costs of the OTC COVID-19 tests and being reimbursed from a health flexible spending account (FSA), health savings account (HSA), or health reimbursement account (HRA).

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Retail Medical 40

Benefit Resource Inc.

JUNE 4, 2019

Both IVF and insulin treatments are considered eligible expenses under pre-tax benefit accounts. 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.

Flexible Spending Account 85

Flexible Spending Account Flexible Spending Health Savings Account Insurance 85

Benefit Resource Inc.

JULY 9, 2019

They are also eligible expenses that can be paid for with a pre-tax account like a Health Savings Account (HSA) or Flexible Spending Account (FSA). For more guidance on simplifying the complexity of benefits for maximum savings and peace of mind, subscribe to the Benefit Resource Blog today.

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Flexible Spending Medical 40

McDermott Will & Emery Employee Benefits

NOVEMBER 1, 2023

The Social Security Administration […] The post IRS Announces 2024 Employee Benefit Plan Limits appeared first on EMPLOYEE BENEFITS BLOG. Most of the dollar limits that are subject to adjustment for cost-of-living increases will increase for 2024.

Health and Welfare 87

Health and Welfare Employee Benefits Flexible Spending Account Health Savings Account 87

AssuredPartners

MARCH 31, 2020

Consumers may also receive reimbursement for OTC purchases through those accounts. It does not have an expiration date.n"},{"attributes":{"bold":true},"insert":"Implementation Tips:"},{"insert":"nNo changes are necessary to implement these changes to a Health Savings Account.

Health and Welfare 52

Health and Welfare Health Savings Account Out of Pocket Cost Flexible Spending Account 52

McDermott Will & Emery Employee Benefits

NOVEMBER 10, 2023

Employers, many of whom are in the midst of or have already completed open enrollment for […] The post IRS Announces 2024 Employee Benefit Plan Limits appeared first on EMPLOYEE BENEFITS BLOG.

Health and Welfare 83

Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 83