Benefit Resource Inc.

MAY 2, 2023

As a result, many employers are in hyper-vigilance mode, anticipating the next recession and bracing themselves for a potentially difficult ride. In this climate, employers are considering a range of strategies to mitigate their financial risks in anticipation of a possible recession.

Employment 52

Employment Flexible Spending Account Benefits Package Healthcare 52

WEX Inc.

MAY 8, 2023

HDHP vs. PPO deductible Nearly two-thirds of large employers provide their employees with the choice of an HDHP and a traditional health plan , such as a preferred provider organization (PPO). For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. It is not legal or tax advice.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

WEX Inc.

MAY 17, 2023

Health savings account (HSA) contribution limits are on the rise again in 2024. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. 2024 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Be bold in support of your employees' retirement needs!

Health Savings Account 98

Health Savings Account Deductions Deductible Taxes 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.

Health Savings Account 64

Health Savings Account Healthcare Education Taxes 64

WEX Inc.

MAY 28, 2024

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 52

Health Savings Account Medical Retirement Plan Taxes 52

Benefit Resource Inc.

MARCH 20, 2024

Every day, we have the privilege of working closely with thousands of employers, employees, and consultants, fostering relationships built on trust to simplify benefits and offer tax-advantaged savings and peace of mind,” said Jennie Boeckmann, BRI regional sales manager. Learn more at inspirafinancial.com.

Health Savings Account 52

Health Savings Account Flexible Spending Account Flexible Spending Taxes 52

WEX Inc.

MAY 24, 2023

Often, employees feel confused about their benefits plans options, especially if their employer is using “complicated HR jargon” in their benefits messaging. Let’s explore tips on how employers can effectively communicate benefits messaging to employees in a way that’s relatable and easy to understand. It is not legal or tax advice.

Flexible Spending Account 97

Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

WEX Inc.

SEPTEMBER 25, 2023

A great example of this is education at summertime around how to maximize your health savings account (HSA) dollars for typical hot weather spending such as sunscreen and aloe vera! However, less than half of benefit-eligible employees actually take advantage of employer-offered benefits. It is not legal or tax advice.

Voluntary Benefits 98

Voluntary Benefits Health Savings Account PTO Retirement Plan 98

WEX Inc.

MAY 8, 2024

For example, My HSA Planner makes learning about how to utilize health savings accounts (HSAs) a breeze. Another plan that has gained popularity in recent years is lifestyle spending accounts (LSAs). Employer contributions to HSAs can also serve as powerful incentives. It is not legal or tax advice.

Health Savings Account 52

Health Savings Account Benefits Package Healthcare Voluntary Benefits 52

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

InterWest Insurance Services

APRIL 27, 2023

A new report has found that small businesses that purchase their group health insurance online or through payroll vendors saw the largest premium hikes in 2022, significantly higher than those that went through brokers. Overall, more than half of SMB employees opt out of their employer-sponsored coverage.

Health Insurance 84

Health Insurance Insurance Out of Pocket Cost Deductions 84

WEX Inc.

JUNE 13, 2024

Limited medical FSA: Similar to a medical FSA, but can be paired with high-deductible health plans (HDHPs) and health savings accounts (HSAs) , covering dental and vision expenses. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. It is not legal or tax advice.

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account Taxes 52

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. Health Savings Account (HSA) HSAs are individually owned accounts, so your HSA will stay with you no matter whether or how you qualify for COBRA.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

WEX Inc.

AUGUST 2, 2023

A FSA is an account that allows you to set aside pre-tax funds to pay out-of-pocket healthcare costs. FSAs are an employer-owned account , and the IRS sets limits on annual FSA contributions. Employers can provide either a grace period to use the money within the plan year, or a carryover of up to $610 from the plan year.

Flexible Spending Account 98

Flexible Spending Account Deductions Deductible Health 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. With employer-sponsored health plans, there’s fiduciary oversight. Follow DOL claims procedures.

Health Savings Account 52

Health Savings Account Deductions Deductible Flexible Spending Account 52

Health Consultants Group

OCTOBER 1, 2021

Just like workers in all business environments, your employees are assessing their lives, reevaluating their careers, and reconsidering their employment options. . Accident and Health Benefits . Health Savings Accounts. Flexible Spending Accounts: funded by salary reduction. Adoption Benefits. Contact Us.

Employee Benefits 86

Employee Benefits Family and Medical Leave Act Flexible Spending Account Health Savings Account 86

CorpStrat

JANUARY 22, 2024

This means your employees can consult healthcare professionals from the comfort of their homes, saving time and reducing the need for in-person visits. Mental Health Support Mental wellness is crucial. Your plan likely includes access to mental health professionals, including counselors or therapists, often at no extra cost.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

InterWest Insurance Services

AUGUST 5, 2022

As the 2023 group health open enrollment season nears, more employers have heard concerns among their staff and are focusing on affordability and easier access to health care services, according to a new study. The survey found that 70% of all large employers were planning benefit enhancements for 2023.

Health Insurance 95

Health Insurance Insurance Deductions Deductible 95

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

Assurance Agency

SEPTEMBER 17, 2021

National Save for Retirement Week is intended to raise public awareness about the importance of saving for retirement. Personal finance concerns, such as debt, budgeting, or managing expenditures can get in the way of saving for retirement. Health Savings Accounts Your Rx for Retirement!

Health Savings Account 52

Health Savings Account Take Home Pay Retirement Plan Taxes 52

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. Since HSAs are employee-owned, they stay with you even when you leave your employer. As you change jobs, you may have two, three, four, or more of these accounts open. New career.

Health Savings Account 52

Health Savings Account Taxes Consulting Medical 52

HR Lineup

FEBRUARY 13, 2023

USI is a leading insurance brokerage and consulting firm that specializes in employee benefits. USI’s employee benefits offerings are designed to meet the needs of a diverse workforce and support employers in creating a supportive and healthy work environment.

Employee Benefits 52

Employee Benefits Flexible Spending Account Disability Insurance Health Savings Account 52

Benefit Resource Inc.

NOVEMBER 29, 2023

Additionally, you may also already have a built-in savings option to pay for your COBRA premiums. A health savings account is not only an important component to paying for medical expenses today, but it is a tool you can use throughout retirement.

401(k) 98

401(k) Medical Retirement Plan Health Savings Account 98

WEX Inc.

JANUARY 3, 2023

Fortunately, your health savings account (HSA) is an employee-owned account, so it stays with you, even when you switch employers. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. How much should you contribute to your HSA? It is not legal or tax advice.

Education 52

Education Flexible Spending Account Health Savings Account Flexible Spending 52

WEX Inc.

JULY 7, 2023

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. Employers determine whether their medical FSAs include a carryover. So what is the use-or-lose rule? What is a FSA?

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account IT 52

Griffin Benefits

JULY 30, 2021

While these higher deductibles are offset by cheaper monthly medical premiums and often by employer contributions to Health Savings Accounts (HSA), HDHP plans are nevertheless structured in such a way as to promote heightened "healthcare consumerism.". EMPLOYERS: PLAY A SUPPORTIVE ROLE IN COST SAVINGS.

Medical 52

Medical Pharmaceutical Deductions Deductible 52

Benefit Resource Inc.

JULY 13, 2023

. “Together we will create a best-in-class solution for our clients and the consultant and broker community as a health and benefits category leader.” ” This acquisition reflects Millennium Trust’s continued efforts to expand its health, wealth, retirement, and benefits solutions. .”

Health Savings Account 52

Health Savings Account Human Resources Technology Consulting 52

WEX Inc.

SEPTEMBER 6, 2023

Being able to differentiate yourselves as an employer by saying ‘Whatever is important to you (like your pets) is important to us too’ really helps employers to stand out,” said Moszer on our Benefits Buzz podcast. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.

Recruitment 59

Recruitment Flexible Spending Account Health Savings Account Medical 59

Business Management Daily

APRIL 25, 2024

Employers are required by law to provide certain benefits to employees. Beyond that, however, fringe benefits can help employers sweeten the deal and make work a better place to be. Employers can use this to their favor by distinguishing themselves as a desirable place to work. Consult an accountant as necessary.

Taxes 52

Taxes Retirement Plan Employee Stock Option Bonuses 52

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. Mercer based the projection on an analysis of 1,113 employer responses gathered since early July.

Health Savings Account 52

Health Savings Account Healthcare Life Insurance Insurance 52

Business Management Daily

NOVEMBER 15, 2021

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. Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. What Expenses Are Covered By an FSA?

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

Winston Benefits

JANUARY 22, 2018

Technology has changed the way employers provide, administer and talk about benefits. Many employees prefer in-person conversations or call-center consultations to learn more about their benefits and the enrollment process. Maybe you want to increase health savings account enrollment. Start with your goal.

Health Savings Account 49

Health Savings Account Consulting Healthcare Technology 49

Benefit Resource Inc.

OCTOBER 1, 2020

121 Benefits pride s itself on providing personalized, high-touch service that makes employers feel like they’re our only client ,” says Linda H e uer , President at 121 Benefits. “ The firm believe s that creating, accessing, and using benefits should be as simple and stress-free as possible.

Flexible Spending Account 45

Flexible Spending Account Health Savings Account Flexible Spending Transportation 45

Empuls

OCTOBER 11, 2023

While the contract of employment asks for an employee’s “services” in exchange for remuneration, along with those services, a considerable amount of physical and mental exhaustion goes into the job as well. Best Health and Wellness Stipends to Offer Your Employees 1. No, that’s not the case.

Healthcare 40

Healthcare Medical Consulting Flexible Spending Account 40

Benefit Resource Inc.

DECEMBER 30, 2020

Remember, it is always advisable to consult your benefits counsel before making any plan changes. Employers (also referred to as plan sponsors) may allow participants to: Make new elections. Employers will have the option to select from a carryover or extended grace period. . What should employers know about the carryover? .

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account Utilities 52

Higginbotham

SEPTEMBER 15, 2023

Not long ago, a typical employment ad could expect to receive responses that were, on average, only about 10 percent relevant to the job posting. Q&A sessions with an AI chatbot can help employees evaluate the value and relevance of 401(k) plans , health savings accounts , insurance coverage options and tax situations.

Human Resources 52

Human Resources 401(k) Outsourcing Payroll Recruitment 52

Empuls

SEPTEMBER 25, 2023

Employers must consider these requests seriously and can only reject them on reasonable business grounds. Various new pieces of legislation aim to extend traditional employment protections, like minimum wage and benefits, to gig workers and freelancers. New labor laws are granting employees the right to request flexible work hours.

Family and Medical Leave Act 40

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