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. Are you preparing to send your kids back to school soon?

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

SEPTEMBER 21, 2023

Visual health is a vital component of overall well-being, and unexpected eye-related expenses can put a strain on your finances. 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.

Health 98

Health Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

MAY 17, 2023

Health savings account (HSA) contribution limits are on the rise again in 2024. Be bold in support of your employees' retirement needs! For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. With an HSA. Learn more! It is not legal or tax advice.

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WEX Inc.

FEBRUARY 23, 2023

And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. 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.

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

WEX Inc.

OCTOBER 4, 2023

The 20th anniversary of health savings accounts (HSAs) marks a significant milestone for these accounts, which have empowered tens of millions of Americans to save for both immediate and future medical expenses. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.

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WEX Inc.

MAY 8, 2023

HDHPs can actually be a great healthcare saving option for employees of all ages. Along with paying a lower premium, HDHPs offer financial opportunities that PPOs do not because employees can enroll in a health savings account (HSA) , but only if they’re also enrolled in an HSA-eligible HDHP.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

WEX Inc.

SEPTEMBER 25, 2023

Employees may have more capacity to digest these messages outside of the open enrollment period and in turn identify how to better maximize a benefit they already have or one they should enroll during the next benefits cycle. For legal or tax advice, you should consult your own counsel. It is not legal or tax advice.

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Proskauer's Employee Benefits & Executive Compensa

JANUARY 31, 2023

The Consolidated Appropriations Act of 2023 (“CAA 2023”), signed into law on December 29, introduced sweeping reforms to the employee benefits landscape. Other Changes to Health Plans in CAA 2023 CAA 2023 made several other significant changes to health plans, including: Increase Medicare Provider Reimbursements.

Deductions 98

Deductions Deductible Health Savings Account Retirement Plan 98

InterWest Insurance Services

APRIL 27, 2023

Coverage can often be configured to be compatible with HDHPs using health savings accounts. Importance of your broker Reid said that the report’s findings illustrate the importance of employers working with brokers and consultants to purchase their employee benefits.

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Health Insurance Insurance Out of Pocket Cost Deductions 98

WEX Inc.

MAY 12, 2023

There are a variety of ways you can promote mental health in the office , and one way is to provide benefits that support your employees' needs. For example, your employees can use their health savings account (HSA) to improve their financial wellness and save money on a variety of mental health-related expenses.

Health Savings Account 98

Health Savings Account Medical Retirement Plan Taxes 98

Benefit Resource Inc.

NOVEMBER 29, 2023

Use paid time (and personal savings) for a relaxing vacation. The importance of employee benefits should not be underestimated. There are any number of employee benefits you can take advantage of which either contribute to your financial security or provide you more time to enjoy the little things in life.

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WEX Inc.

MAY 24, 2023

“I think it’s really important to tie it back to things that are meaningful to [employees]….their It’s about what a health savings account or a flexible spending account can do for them." For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.

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Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

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. However, your eligibility for either account can be influenced by the health plan you choose.

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Deductions Deductible Healthcare Flexible Spending Account 98

Proskauer's Employee Benefits & Executive Compensa

MARCH 22, 2022

Effective April 1, 2022, high-deductible health plans can once again offer first-dollar coverage for telehealth and other remote services without making participants ineligible for health savings account (“HSA”) contributions.

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Deductions Deductible Health Savings Account Taxes 97

WEX Inc.

JANUARY 3, 2023

To kick off another year of providing you with the employee benefits tips and information you need, we wanted to look back at your favorite blog posts from the last year. Fortunately, your health savings account (HSA) is an employee-owned account, so it stays with you, even when you switch employers.

Education 52

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WEX Inc.

JANUARY 30, 2023

And a new health savings account (HSA). Since HSAs are employee-owned, they stay with you even when you leave your employer. Watch our video to learn more about how you'll benefit with an HSA. For legal or tax advice, you should consult your own counsel. New career. The average person changes jobs 5.7

Health Savings Account 52

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WEX Inc.

JULY 7, 2023

The IRS’ use-or-lose rule governs flexible spending accounts (FSAs). This rule is one of the big differentiators between FSAs and other types of employee benefits. With a health savings account (HSA) , all funds carry over from year to year. For legal or tax advice, you should consult your own counsel.

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WEX Inc.

SEPTEMBER 7, 2023

Consider offering tools that estimate potential savings based on different expense levels, showcasing the value of even minor contributions to an FSA. What you can do: While promoting the benefits of an FSA, it's important to respect individual choices. Download now! The information in this blog post is for educational purposes only.

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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. But there are HSA rules and regulations you and your employees need to follow in order to stay compliant.

Health Savings Account 52

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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. Telehealth can contribute to enhanced healthcare quality and outcomes for employees.

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Business Management Daily

APRIL 25, 2024

Other non-taxable benefits can include: Achievement awards Adoption assistance Child/dependent care and assistance Tuition reimbursement or education assistance Employee stock options Health Savings Accounts (HSAs) Retirement planning services Meals Another non-taxable category is known as de minimis (minimal) benefits.

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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. Learn more about the benefits of a pet-friendly workplace. Peace of mind knowing that your pet is covered for life.

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Business Management Daily

OCTOBER 15, 2020

Employers can expect health benefit costs to rise 4.4% on average in 2021, compared to 2020, according to early results from the Mercer consulting firm’s National Survey of Employer-Sponsored Health Plans 2020. The wild card driving higher health benefit costs: The coronavirus pandemic.

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Health Savings Account Healthcare Life Insurance Insurance 52

Benefit Resource Inc.

OCTOBER 1, 2020

About 121 Benefit s : . 121 Benefits ( 121benefits.com ) core focus is delivering employee benefits with personalized, high-touch service clients can rely on. The firm believe s that creating, accessing, and using benefits should be as simple and stress-free as possible.

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Winston Benefits

JANUARY 22, 2018

It’s faster and easier than ever to enroll employees and communicate with them about their options — but you shouldn’t rely on only online options. Many employees prefer in-person conversations or call-center consultations to learn more about their benefits and the enrollment process. Start with your goal.

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Empuls

OCTOBER 11, 2023

A common notion amongst many employees as well as employers is that health and wellness stipends are insurance policies that are bought by the employer for the employees. With many "App Doctors" now available at bay, organizations can get that service to the employees' disposal.

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Higginbotham

SEPTEMBER 15, 2023

AI in HR: Benefits Administration With basic employee information, such as number of dependents or known health conditions, artificial intelligence can help HR leaders design an optimal employee benefits plan. Talk to one of Higginbotham’s HR specialists today.

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Human Resources 401(k) Outsourcing Payroll Recruitment 52

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. Common employee benefits Here’s a list of the employee benefits that should be on your radar.

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Family and Medical Leave Act Employee Benefits PTO 401(k) 57

Corporate Synergies

APRIL 15, 2019

But the group employee benefits world is no comedy. Let’s start with the understanding that group employee benefits represents one of the largest expenses in your organization. Additionally, your benefits program is a key recruiting and retention tool for employees. It made for a hilarious movie.

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Empuls

SEPTEMBER 25, 2023

This case shows the legal complexities surrounding changes to employee benefits. Changes to tax laws affecting employee benefits Tax laws are always in a state of flux, and this is no less true when it comes to those affecting employee benefits.

Family and Medical Leave Act 40

Family and Medical Leave Act Overtime 401(k) Benefits Package 40

Empuls

JULY 11, 2023

Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent. These perks not only provide employees with financial advantages but also contribute to a more fulfilling and enjoyable work experience.

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WEX Inc.

OCTOBER 12, 2023

As an employer, providing a robust employee benefits package is only half the battle. Educating on the value of their benefits and how best to use them is equally important. One of the questions we asked: What benefit would you like to learn more about? We recently surveyed nearly 60,000 of our participants. Download now!

Education 52

Education Health Savings Account Consulting Taxes 52

Benefit Resource Inc.

SEPTEMBER 7, 2023

HSAs (Health Savings Accounts) are an excellent tool for controlling healthcare costs and setting up money for the future. They are a beneficial addition to your employee benefits because of the flexibility and tax advantages they provide.

Health Savings Account 101

Health Savings Account Healthcare Taxes Finance 101

WEX Inc.

AUGUST 24, 2023

You’ve probably read advice on how to do that, but we’ve got the data to back up a strategy, and it comes directly from your employees. Earlier this year, we surveyed nearly 60,000 of our participants to learn more about their questions and pain points regarding employee benefits. That’s what motivates your employees.

Education 52

Education Flexible Spending Account Health Savings Account Flexible Spending 52

WEX Inc.

JULY 20, 2023

Smaller employers may face challenges in providing these options, although participants have said they are interested in these health plan choices. Participants are eligible for an HSA only if they’re enrolled in an HSA-eligible health plan, so the choice between these two accounts is related to providing choice in health plans.

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Benefit Resource Inc.

AUGUST 13, 2019

According to a recent article from SHRM covering research from the Employees Benefit Research Institute (EBRI), enrollment in an HDHP promotes more conscious health care purchase decisions. For example, 55% of employees enrolled in an HDHP checked whether their health plan would cover their care or medication.

Deductions 45

Deductions Deductible Health Savings Account Employee Enrollments 45

WEX Inc.

FEBRUARY 2, 2023

From an employee benefits and COBRA perspective, this would mean that temporary extensions introduced during the COVID-19 pandemic will also expire. trillion spending bill also extended a provision that provided relief to health savings account (HSA) participants. It is not legal or tax advice.

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