Higginbotham

NOVEMBER 28, 2022

Employers and employees alike are looking for ways to make health care more affordable. Unlike Flexible Spending Accounts (FSAs), which are owned by employers, individuals own HSAs. To contribute to an HSA, you must enroll in a high-deductible health plan. Some are turning to Health Savings Accounts (HSAs).

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Higginbotham

JULY 12, 2022

This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocket costs that aren’t covered by their various plans. 1, 2020).

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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. Wherever you fall, we have answers for you.

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Higginbotham

OCTOBER 14, 2022

If employers don’t provide adequate compensation, they risk losing their workers. Gallup says that the cost of replacing an employee can range from one-and-a-half to two-times the employee’s annual salary. Some employers offer paid sick leave, but usually not enough to cover a serious health problem. It can be very expensive.

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Genesis HR Solutions

SEPTEMBER 22, 2020

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans.

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Insperity

OCTOBER 31, 2017

From employer-sponsored health insurance to retirement savings plans, an attractive benefits package can help you hire the best employees and ensure you retain them for many years to come. This can go a long way toward positioning your company to excel in the marketplace and securing your reputation as a stellar employer.

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Business Management Daily

FEBRUARY 10, 2022

We’ve written many times about the tax code’s prohibition on double-dipping — getting a double tax benefit on the same tax item, like taking a deduction and a tax credit for the same wages paid to the same employee. But the principle also applies if employees have flexible spending accounts or health savings accounts.

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Best Money Moves

JULY 8, 2020

HR trends forecast the most desired employee benefits for 2021 like financial wellness programs and flexible work arrangements. It’s time for employers to start planning their employee benefits packages for 2021. But what can employers do to help? 4 Paid Time Off. 4 Paid Time Off. 5 Mental Health Benefits .

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Insperity

MAY 13, 2015

The main oversight: Ruling out HSA-qualified plans. First and second time group health insurance buyers usually miss the opportunity to buy a health savings account (HSA)-qualified high-deductible health plan (HDHP). the employee) can contribute to the account, as can any other person or entity, including the employer.

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HR Professionals Magazine

MARCH 2, 2022

While these changes may not be top-of-mind at the moment, it is critical employers understand them and take steps to comply when appropriate. A series of new requirements are going into effect aimed at increasing transparency in health coverage with the hope of lowering costs and eliminating surprise medical bills for consumers.

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Benefit Resource Inc.

NOVEMBER 17, 2020

For HSAs: You can only enroll in an HSA if you are also enrolled in a qualified high deductible health plan. You can pay for your deductible with your funds. You can also use your money to pay for any out-of-pocket costs that you get hit with over the course of the year, including your deductible.

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Higginbotham

JANUARY 27, 2023

ACA Health Coverage Requirements Under the Affordable Care Act (ACA), employers with at least 50 full-time or full-time equivalent employees are considered Applicable Large Employers, or ALEs. However, many small employers decide to offer health insurance anyway. HSAs are used in conjunction with high-deductible health plans.

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AssuredPartners

MARCH 31, 2020

The bill does not specify what "telehealth and other remote care services" entails, but you can expect updates from us as we learn more either through regulations or DOL/Treasury FAQs.n"},{"attributes":{"bold":true},"insert":"Implementation Tips:"},{"insert":"nThe employer/plan sponsor will need to amend their plans to permit this change.

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Insperity

MAY 13, 2015

The main oversight: Ruling out HSA-qualified plans. First and second time group health insurance buyers usually miss the opportunity to buy a health savings account (HSA)-qualified high-deductible health plan (HDHP). the employee) can contribute to the account, as can any other person or entity, including the employer.

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McNees

JANUARY 19, 2021

Here is what you should know: Temporary Special Rules for Health and Dependent Care Flexible Spending Arrangements. Mid-Year Election Changes: The Act permits plans to allow employees to prospectively change their health or dependent care flexible spending arrangement elections without a change in status at any time in 2021.

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Benefit Resource Inc.

JANUARY 8, 2019

Another pre-tax benefit your employer might offer is Commuter Benefits , which covers eligible workplace commuting expenses. For those of you with an employer that offers a rollover, up to $500 can roll into the next year. Every plan as a run-out period. Make sure you know what account(s) you have. Not all FSAs end the same.

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