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). It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

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

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

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.

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. It is not legal or tax advice.

Health Savings Account 64

Health Savings Account Healthcare Education Taxes 64

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

Griffin Benefits

JUNE 27, 2022

Shown below is a list of key issues employers should consider in response to this decision. Tax treatment of abortion procedures: Under current federal tax law, medical services must be legal to be eligible for tax-free reimbursement. Abortion would most likely be legal where the life of the mother is in danger.

Employment 72

Employment Medical Taxes Health Savings Account 72

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.

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. FSAs are an employer-owned account , and the IRS sets limits on annual FSA contributions.

Flexible Spending Account 98

Flexible Spending Account Deductions Deductible Health 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

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. What you can do: Address this concern by emphasizing the savings potential of an FSA. It is not legal, financial, or tax advice. Drive wellness that works Get your guide.

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

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.

Taxes 52

Taxes Retirement Plan Employee Stock Option Bonuses 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.

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. Also, employees can’t be enrolled in Medicare or be claimed as a dependent on someone else’s tax return.

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. . When you comply with their guidelines, the IRS doesn’t require you to withhold FICA, FUTA, Medicare, or income taxes from pre-tax contributions. Adoption Benefits.

Employee Benefits 86

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

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

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. An HSA comes with three key tax-free perks: Contributions are tax-free, earnings are tax-free, and withdrawals for eligible expenses are tax-free.

Education 52

Education Flexible Spending Account Health Savings Account Flexible Spending 52

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

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. It is not legal or tax advice. What is a FSA?

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account IT 52

InterWest Insurance Services

JANUARY 26, 2022

Mental health issues have come to the fore during the COVID-19 pandemic, spurring employers to expect their group health plans to do more for their workers in this area. These are funded with deductions from the employees’ salaries before taxes are taken out.

Out of Pocket Cost 98

Out of Pocket Cost Deductions Deductible Flexible Spending Account 98

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. By age 65 (or 63.5

401(k) 98

401(k) Medical Retirement Plan Health Savings Account 98

Assurance Agency

SEPTEMBER 17, 2021

National Save for Retirement Week is intended to raise public awareness about the importance of saving for retirement. Our Small Changes, Big Impact flyer breaks down that 11-15% goal by offering tips to help employees save and showing how various savings scenarios may impact take home pay and retirement outcome.

Health Savings Account 52

Health Savings Account Take Home Pay Retirement Plan Taxes 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. It is not legal or tax advice. Peace of mind knowing that your pet is covered for life.

Recruitment 59

Recruitment Flexible Spending Account Health Savings Account Medical 59

Griffin Benefits

DECEMBER 30, 2022

On nearly the eve of its expiration, Congress has extended the ability of high deductible health plans (“HDHPs”) to offer first-dollar telehealth coverage through plan years beginning before January 1, 2025. This will allow participants receiving this coverage to continue to contribute to a health savings account (“HSA") for this purpose.

Deductions 81

Deductions Deductible Health Savings Account Taxes 81

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

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. Healthcare FSA. Healthcare FSAs.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

Benefit Resource Inc.

OCTOBER 1, 2020

ROCHESTER , NY, October 1 , 2020 – B enefit Resource , LLC (BRI) today announced the acquisition o f 121 Benefit s , a Minneapolis-based administrator of pre-tax benefits and benefit continuation services. This marks the first acquisition for BRI since its strategic partnership with CIP Capital in August 2019. . “

Flexible Spending Account 45

Flexible Spending Account Health Savings Account Flexible Spending Transportation 45

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

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. These taxes can either be grossed up from the organization’s behalf or can be taken care of by the employee.

Healthcare 40

Healthcare Medical Consulting Flexible Spending Account 40

AssuredPartners

MARCH 8, 2017

The good news for many of our clients is that the Congress has listened to you and us as your brokers, consultants, agents and administrators. So, the tax exclusion for employer-provided plans remains in place. Here are Eight Key Provisions of the newly released plans: Cadillac Tax delayed until 2025.

Out of Pocket Cost 40

Out of Pocket Cost Health Savings Account Taxes Insurance 40

AssuredPartners

FEBRUARY 3, 2020

The US Supreme Court ruled that the ACA individual mandate penalty (tax) was constitutional in 2012, and in December of 2017, Congress passed the Tax Cuts and Jobs Act, which reduced the individual mandate penalty to zero as of January 1, 2019. In fact, Massachusetts has been taxing its citizens since 2007.nIn

Taxes 52

Taxes Flexible Spending Account Flexible Spending Healthcare 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

WEX Inc.

OCTOBER 12, 2023

As an employer, providing a robust employee benefits package is only half the battle. Health savings accounts (HSAs) HSA participants save money by contributing funds to their HSA pre-tax. It is not legal or tax advice. We recently surveyed nearly 60,000 of our participants. Download now!

Education 52

Education Health Savings Account Consulting Taxes 52

Insperity

MARCH 12, 2024

In exchange for this benefit, employees give up their right to sue their employer over their work-related injury, regardless of which party is at fault. Many employers match their employees’ contributions to boost their savings. Most employers offer their employees PTO – usually between 10 to 14 days per year at minimum.

Family and Medical Leave Act 57

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

WEX Inc.

JULY 20, 2023

Nearly two-thirds of large employers offer their employees a choice between an HSA-eligible health plan (also known as a high-deductible health plan ) and a traditional health plan. It is not legal, financial, or tax advice. “A better understanding of family deductibles and out-of-pocket max.”

Deductions 75

Deductions Deductible Flexible Spending Account Health Savings Account 75

Empuls

JULY 11, 2023

In the ever-evolving world of employment, organizations are increasingly focusing on enhancing employee satisfaction and well-being. 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.

Employee Benefits 40

Employee Benefits Flexible Spending Account roth 401(k) 401(k) 40