Benefit Resource Inc.

FEBRUARY 7, 2024

A key player in the balance between health and wealth is the health savings account (HSA). Understanding HSAs Health Savings Accounts are tax-advantaged savings accounts designed to help individuals and families with high-deductible health plans (HDHPs) cover medical expenses.

Health Savings Account 52

Health Savings Account Healthcare Deductions Deductible 52

WEX Inc.

SEPTEMBER 14, 2023

When approaching open enrollment, do … Evaluate available health insurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans.

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. This includes copayments, deductibles, prescriptions, and more.

Flexible Spending Account 52

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

Benefit Resource Inc.

JANUARY 16, 2024

Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are two of the most effective instruments for optimizing health savings and financial flexibility for both employers and employees among the different components of a comprehensive benefits strategy.

Benefits Package 52

Benefits Package Flexible Spending Account Health Savings Account Flexible Spending 52

InterWest Insurance Services

JANUARY 18, 2024

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses.

Out of Pocket Cost 74

Out of Pocket Cost Deductions Deductible Voluntary Benefits 74

Benefit Resource Inc.

APRIL 4, 2024

One often-overlooked gem in the world of benefits is the Health Savings Account (HSA). Understanding HSAs HSAs are tax-advantaged savings accounts designed to help individuals save for medical expenses. Flexibility and Control In addition to their savings, HSAs offer unparalleled flexibility.

401(k) 52

401(k) Retirement Plan Benefits Package Deductions 52

InterWest Insurance Services

MAY 18, 2023

A new study has found that people enrolled in traditional PPOs and HMOs are more satisfied with their plans than those who are enrolled in high-deductible health plans. The sticker shock that comes with paying for those deductibles is likely partly responsible for those feelings.

Out of Pocket Cost 98

Out of Pocket Cost Health Savings Account Deductions Deductible 98

Benefit Resource Inc.

FEBRUARY 21, 2024

The Health, Wealth, Wellness Triangle has emerged as a framework that acknowledges the interconnectedness of personal health, financial stability, and overall wellness. The Health Component A cornerstone of the Health, Wealth, Wellness Triangle is, unsurprisingly, health itself.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

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. HSA-eligible health plans typically have lower premiums but higher deductibles.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

WEX Inc.

AUGUST 15, 2023

If you rarely require medical care and prefer to save on monthly premiums, a plan with a higher deductible and lower premiums might be suitable. On the other hand, if you anticipate regular medical visits, chronic conditions, or potential emergencies, a plan with lower deductibles and higher premiums may offer better cost protections.

Deductions 98

Deductions Deductible Healthcare Flexible Spending Account 98

InterWest Insurance Services

APRIL 27, 2022

The study reflects the increasing burden that health insurers’ policies for out-of-network care and higher deductibles are having on Americans, particularly those who are the most recent entrants to the job market.

Health Insurance 98

Health Insurance Insurance Health Savings Account Deductions 98

Higginbotham

NOVEMBER 28, 2022

Employers and employees alike are looking for ways to make health care more affordable. Some are turning to Health Savings Accounts (HSAs). Although HSAs won’t work for everyone, the benefits of an HSA account make this an appealing option for some individuals. What is a Health Savings Account (HSA)?

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

WEX Inc.

AUGUST 2, 2023

Unlike a medical FSA, a limited FSA can be paired with a health savings account (HSA) and a high-deductible health plan (HDHP). Combination FSA, which is a limited FSA that converts into a medical FSA once the IRS deductible is met. The information in this blog post is for educational purposes only.

Flexible Spending Account 98

Flexible Spending Account Deductions Deductible Health 98

InterWest Insurance Services

JUNE 2, 2023

Employers offer flexible savings accounts and health savings accounts to their employees so they can build up funds with pre-tax dollars to pay for health care and related expenses. Both FSAs and HSAs have the same rules for what they will cover.

Out of Pocket Cost 98

Out of Pocket Cost Health Savings Account Medical Health Insurance 98

PeopleStrategy

OCTOBER 3, 2023

A flexible benefits package that addresses health, family, career development, and financial well-being will help attract and retain a talented and satisfied multigenerational workforce. Some employees may prefer comprehensive plans, while others may opt for high-deductible plans with health savings accounts (HSAs).

401(k) 52

401(k) Retirement Plan Parental Leave Health Savings Account 52

InterWest Insurance Services

DECEMBER 3, 2021

While some employees’ eyes are bound to gloss over while someone is explaining the various plan options, their networks, their copays, deductibles and more, it pays to take the time to explain them step by step. Avoid getting bogged down in health insurance jargon and keep it simple. Don’t skimp on explaining. The takeaway.

Health Savings Account 98

Health Savings Account Deductions Deductible Health Insurance 98

Business Management Daily

APRIL 29, 2024

High-Deductible Health Plans (HDHPs) with Health Savings Accounts (HSAs) : HDHPs have lower premiums but higher deductibles compared to traditional health plans. Deductibles can be paid with tax-advantaged/tax-free spending accounts funded by employees and employers.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

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

Benefit Resource Inc.

OCTOBER 5, 2023

October 15th is National HSA Awareness Day and it’s the perfect opportunity to educate yourself, and others, about the many benefits HSAs provide. Health Savings Accounts (HSAs) are a critical tool in the arsenal of employers who are passionate about helping their employees in the arena of healthcare.

Health Savings Account 52

Health Savings Account Healthcare Deductions Deductible 52

Griffin Benefits

NOVEMBER 1, 2022

Together, these combined announcements by the IRS detail 2023 adjusted limits to the amounts employees can tuck away pretax into Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), transportation benefits, and retirement plans such as 401(k)s. Educating Employees On The Changes.

401(k) 82

401(k) Retirement Plan Health Savings Account Deductions 82

WEX Inc.

JANUARY 4, 2023

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. You are still eligible to participate and contribute to an HSA while on COBRA as long as: You’re enrolled in an HSA-eligible health plan (or high-deductible health plan ).

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

PeopleStrategy

JULY 8, 2019

To help you better educate your employees, we’ve come up with a cheat sheet of key benefits jargon. Health benefits payment terms. Deductible : the amount an employee must pay out-of-pocket each year before their insurance kicks in; this does not apply to preventative care, like annual physicals.

Health Savings Account 82

Health Savings Account Deductions Deductible Healthcare 82

Higginbotham

JUNE 14, 2022

FSA programs can be a good fit for many employee health benefit programs, but before being able to decide, you may have some questions – for example, how do FSAs work? Flexible Spending Account vs. Health Savings Account. Savings Accumulation Timeframe. Eligible Health Plans. Typical Rules.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 52

AssuredPartners

SEPTEMBER 25, 2023

While Baby Boomers may require comprehensive coverage for medical conditions, younger generations may prefer high-deductible plans with Health Savings Accounts (HSAs) for flexibility and tax benefits. Retirement Planning: Provide financial education and retirement planning resources for Baby Boomers.

Retirement Plan 52

Retirement Plan Health Savings Account Benefits Package Healthcare 52

PeopleStrategy

DECEMBER 12, 2023

Let’s get into these areas that deserve another look before the new year starts: health savings accounts, overtime, retirement, remote employment, and the Affordable Care Act. HSA Compliance Health savings accounts (HSAs) have become commonplace in the last several years as a way to offset high deductible health plans.

401(k) 52

401(k) Overtime Health Savings Account Retirement Plan 52

Benefit Resource Inc.

MAY 2, 2023

Pre-tax benefits, such as Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) , allow employees to set aside a portion of their pre-tax income to pay for healthcare-related expenses. This can include increasing the number of pre-tax deductions available to employees.

Employment 52

Employment Flexible Spending Account Benefits Package Healthcare 52

Insperity

JANUARY 27, 2022

Though you don’t withhold taxes for these parties, you may need to report the benefit to the government using one of the following forms: IRS Form 1099-NEC for independent contractors IRS Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc. for partners in the business. Must all employees receive the same benefits?

Employment 92

Employment Taxes Health Savings Account Benefits Package 92

Corporate Synergies

AUGUST 6, 2018

Educate employees on how to use these funds for current and future healthcare expenses. Health savings accounts can be a good deal for employees. Employers that have gone the HDHP route typically offer a qualified plan that includes a health savings account to help pay for qualifying medical expenses tax-free.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Griffin Benefits

NOVEMBER 11, 2021

Together, these combined announcements by the IRS detail 2022 adjusted limits to the amounts employees can tuck away pretax into Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), transportation benefits, and retirement plans such as 401(k)s. Educating Employees On The Changes.

401(k) 55

401(k) Retirement Plan Health Savings Account Deductions 55

Winston Benefits

MARCH 2, 2017

Health savings accounts are growing in popularity as employees seek ways to cover out-of-pocket costs for high-deductible health plans and coverage gaps. Additionally, employees are going to need more education as they choose how to finance their health care.

Out of Pocket Cost 45

Out of Pocket Cost Health Savings Account Deductions Deductible 45

Corporate Synergies

AUGUST 19, 2019

Health savings accounts are designed for the long term, but most employees use funds for current healthcare expenses. Health savings accounts (HSAs) continue to increase in popularity, but not without issues for both employees and employers. This gives employees time to build up their HSA savings.

Employment 40

Employment Health Savings Account Banking Deductions 40

Griffin Benefits

JULY 30, 2021

With over half of today's workforce enrolled in high-deductible health plans (51%), a majority of insured individuals are now on the hook for deductibles of at least $1,400. In a future post, we'll offer tips on how to save money on common medical procedures. EMPLOYERS: PLAY A SUPPORTIVE ROLE IN COST SAVINGS.

Medical 52

Medical Pharmaceutical Deductions Deductible 52

Benefit Resource Inc.

JUNE 24, 2020

Higher healthcare deductibles and premiums may occur due to COVID-19. As a result, employers may choose to offer Health Savings Accounts (HSAs) and Health Reimbursement Accounts (HRAs) at greater rates to offset high deductible risks. Educational documents.

Health Savings Account 52

Health Savings Account Deductions Deductible Transportation 52

Benefit Resource Inc.

APRIL 8, 2021

The decision support tool educates the employee about their choices and makes personalized recommendations based on the information they entered. Let’s say that Toby decides to enroll in his company’s high-deductible health plan and opts out of enrolling in dental or vision coverage.

401(k) 98

401(k) Health Health Savings Account Medical 98

Business Management Daily

APRIL 25, 2024

Taxable vs. Non-taxable Benefits are always tax-deductible, aren’t they? Employers can use this to their favor by distinguishing themselves as a desirable place to work. Let’s talk about the different types of fringe benefits and how employers can make the most of them.

Taxes 52

Taxes Retirement Plan Employee Stock Option Bonuses 52

Higginbotham

JULY 12, 2022

They have to pay a deductible. A health reimbursement plan gives employers a way to cover these costs. HRAs may sound like Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs), but there are key differences. FSAs: These accounts are owned by the employer; so they are not portable.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Benefit Resource Inc.

FEBRUARY 24, 2022

This can be achieved by offering a High-Deductible Health Plan (HDHP) paired with a Health Savings Account (HSA), taking advantage of Self-Funded Plans, sharing educational tools, like MyMedicalShopper by Talon Health Tech , that provide cost transparency, or connecting employees to health experts.

Out of Pocket Cost 75

Out of Pocket Cost Benefits Package Human Resources Health Savings Account 75