Benefit Resource Inc.

APRIL 18, 2023

The cost of healthcare can be daunting, especially for those who do not have adequate insurance coverage or savings to cover medical expenses. One such way is by utilizing health savings accounts (HSAs) and flexible spending accounts (FSAs). HSAs and FSAs also offer flexibility in how you use your funds. What is an HSA?

Medical 52

Medical Flexible Spending Account Health Savings Account Flexible Spending 52

WEX Inc.

SEPTEMBER 12, 2023

Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement. To take advantage of an HSA, you need to participate in an HSA-eligible health plan (or high-deductible health plan).

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

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. A FSA is an account that allows you to set aside pre-tax funds to pay out-of-pocket healthcare costs.

Flexible Spending Account 98

Flexible Spending Account Deductions Deductible Health 98

Benefit Resource Inc.

APRIL 20, 2023

While dusting, vacuuming, and packing away winter clothes may be on the top of your spring cleaning list, have you considered reviewing your eligible expenses and utilizing your Flexible Spending Account (FSA)? While doing your spring cleaning, don’t forget to look at your FSA.

Out of Pocket Cost 83

Out of Pocket Cost Flexible Spending Account Flexible Spending Health Savings Account 83

PeopleKeep

JUNE 29, 2022

As an employer, you always want to offer the best possible healthcare benefits for your employees. But with healthcare costs rising , making sure those health benefits options are also budget-friendly is also crucial.

Healthcare 96

Healthcare Healthcare Benefits Flexible Spending Account Employment 96

Proskauer's Employee Benefits & Executive Compensa

OCTOBER 21, 2022

On October 18th, the IRS announced a slew of inflation adjustments for 2023, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The new limits are set forth below. The new limits are set forth below.

Transportation 52

Transportation Flexible Spending Account Flexible Spending Health Savings Account 52

WEX Inc.

FEBRUARY 15, 2023

Did you recently elect to participate in a medical flexible spending account (FSA) ? What is a medical flexible spending account (FSA)? Whether you have planned healthcare needs coming up this year, or you want to be prepared for unexpected expenses, using tax-free FSA funds will help you lower your healthcare costs.

Medical 98

Medical Flexible Spending Account Flexible Spending Taxes 98

WEX Inc.

APRIL 24, 2023

Nearly two-thirds of large employers provide their employees with the choice of a high-deductible health plan (HDHP) and a traditional health plan, such as a preferred provider organization (PPO), during open enrollment. Pre-tax benefits savings Premiums aren’t the only way you can save on healthcare costs.

401(k) 52

401(k) Health Savings Account Deductions Deductible 52

Business Management Daily

NOVEMBER 15, 2021

Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. They may also be questioning whether they have a need for an FSA and if so, how much they should choose to have deducted each month. Healthcare FSA. Healthcare FSAs.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

CorpStrat

FEBRUARY 22, 2023

One of the biggest financial challenges people in the US are facing is whether or not they’re able to afford healthcare. People are already struggling to pay for the insurance premiums but on top of that, they’re afraid deductibles, prescriptions, and co-insurance might push them into the red. Long-term care expenses.

Flexible Spending Account 52

Flexible Spending Account Out of Pocket Cost Flexible Spending Deductions 52

Benefit Resource Inc.

JUNE 1, 2023

One of the “mountains” you may be facing is combating rising healthcare costs. The Challenge Rising healthcare costs are one of the main concerns for Americans. An additional tool can be pairing an HSA-HDHP with a Limited Flexible Spending Account (or Limited FSA). You also still receive a tax write off.

Flexible Spending Account 52

Flexible Spending Account Healthcare Health Savings Account Deductions 52

Benefit Resource Inc.

JANUARY 3, 2023

With a Flexible Spending Account (FSA), you can set aside up to $3,050 in pre-tax dollars per calendar year to pay for eligible medical expenses like doctor visits, hospitalizations, and prescription medications. Take Advantage of a Medical FSA. Consider Investing In Your Future With An HRA.

Utilities 98

Utilities Taxes Flexible Spending Account Flexible Spending 98

Benefit Resource Inc.

MAY 2, 2023

Significant areas of focus are healthcare costs and pre-tax benefits. 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.

Employment 52

Employment Flexible Spending Account Benefits Package Healthcare 52

Higginbotham

JUNE 14, 2022

Rising healthcare costs have led to innovative new ways of managing expenses. Flexible Spending Accounts (FSAs) have emerged as one solution. Flexible Spending Account vs. Health Savings Account. Only for Use with High Deductible Health Plans. Flexible Health Spending Account Rules.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 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. Or check out our Benefits Buzz podcast episode with Jason Cook, vice president of healthcare emerging markets at WEX, below.

Health Savings Account 52

Health Savings Account Deductions Deductible Flexible Spending Account 52

Benefit Resource Inc.

JANUARY 14, 2022

A Health Savings Account (HSA) is a savings account that provides tax-free contributions and potential tax deductions for qualified medical expenses incurred by the holder. A Flexible Spending Account (FSA) is a great way to save money on your healthcare costs.

Taxes 40

Taxes Flexible Spending Account Health Savings Account Flexible Spending 40

Benefit Resource Inc.

NOVEMBER 22, 2022

With a pre-tax benefit, you’re able to deduct the cost of your benefits from your taxes before you calculate what you owe. There are several different types of pre-tax benefits that you may be eligible for, including Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), and Commuter Benefits.

Employee Benefits 52

Employee Benefits Flexible Spending Account Flexible Spending Health Savings Account 52

Benefit Resource Inc.

NOVEMBER 4, 2021

Rather than a “use it or lose it” approach like a Flexible Spending Account (FSA), HSAs serve as a “stow it and grow it” form of savings that accumulate over time. You decide when and how to spend or save the money in your HSA. HSAs are one tool in the ever-expanding toolbox of health care plans.

401(k) 75

401(k) Flexible Spending Account Deductions Deductible 75

Business Management Daily

SEPTEMBER 22, 2021

Allow enough time for employees to evaluate their options, as most employees will need to discuss benefits such as healthcare, 401Ks, and FSAs with their families. Be sure that there are diverse plan options so that everyone is able to access healthcare. Like HSAs, they can cover copays, prescription drugs, and deductibles.

Employment 90

Employment Deductions Deductible Benefit Providers 90

Benefit Resource Inc.

APRIL 10, 2023

Confirm enrollment in a health plan To receive automatic approval for co-pays, certain co-insurance, and deductible expenses, make sure your employer has reported you as enrolled in the company health plan. An Explanation of Benefits (EOB) from your insurance carrier or healthcare provider gets it resolved in no time.

Insurance Carriers 98

Insurance Carriers Hospitality Deductions Deductible 98

Genesis HR Solutions

SEPTEMBER 22, 2020

Flexible Spending Account (FSA). According to Healthcare.gov , a Flexible Spending Account (also known as a flexible spending arrangement) is a special account employees put money into that they use to pay for certain out-of-pocket health care costs. Making sure payroll deductions are correct.

401(k) 98

401(k) Employee Benefits Disability Insurance roth 401(k) 98

AssuredPartners

MAY 12, 2020

The notice increases the limit for unused healthcare FSA carryover amounts from $500, to a maximum of $550, as adjusted annually for inflation.n"},{"attributes":{"bold":true},"insert":"Note:"},{"insert":" The Healthcare FSA per employee maximum for 2020 is $2,750.

Employee Benefits 40

Employee Benefits Flexible Spending Deductions Deductible 40

Business Management Daily

NOVEMBER 30, 2021

Flexible spending accounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses. Healthcare FSA receipt requirements. The patient does not have to be the employee. Health care provider’s name.

Retail 52

Retail Healthcare Medical Flexible Spending Account 52

WEX Inc.

JANUARY 4, 2023

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 ). And, if you are no longer enrolled in an HSA-eligible health plan, you can’t contribute to your HSA, but you can still spend your HSA funds at any time.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

NOVEMBER 19, 2019

One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). Types of expenses the FSA can pay for include co-pays, deductibles, and even some vision and dental expenses. It is not uncommon for an employer to offer a POP Plan and a Flexible Spending Account to employees at the same time.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

Benefit Resource Inc.

OCTOBER 24, 2019

In other words, how to answer the question: “How do I make an informed healthcare decision that I won’t regret later?” But for those who don’t live in a daily world of healthcare jargon, what are out of pocket expenses? Qualified high deductible health plan. Flexible Spending Account.

Out of Pocket Cost 45

Out of Pocket Cost Flexible Spending Account Flexible Spending Health Savings Account 45

Benefit Resource Inc.

NOVEMBER 19, 2019

One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). Types of expenses the FSA can pay for include co-pays, deductibles, and even some vision and dental expenses. It is not uncommon for an employer to offer a POP Plan and a Flexible Spending Account to employees at the same time.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

Best Money Moves

JULY 8, 2020

Employers who don’t offer health insurance might want to reconsider and employers who do should audit their healthcare offerings to determine the out of pocket costs of deductibles, prescriptions, copays and then work with benefits brokers to provide better coverage. . 4 Paid Time Off. 9 Pet-Friendly Employee Benefits.

Employee Benefits 105

Employee Benefits Out of Pocket Cost Flexible Spending Account Health Insurance 105

Benefit Resource Inc.

MARCH 27, 2020

However, these expenses cannot be covered until an individual meets a minimum deductible. Under the CARES Act, plans (or plan sponsors) may pay for telehealth services before reaching the deductible, without impacting an individual’s eligibility for an HSA. The bill outlines an end date of December 21, 2021 for this provision.

Health Savings Account 76

Health Savings Account Deductions Deductible Taxes 76

Corporate Synergies

AUGUST 6, 2018

Educate employees on how to use these funds for current and future healthcare expenses. High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% HSA value isn’t always obvious. As Seen In.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Benefit Resource Inc.

JUNE 6, 2019

And by “free” I mean you don’t have to pay even if you haven’t met your deductible or if you have a cost-sharing program that typically involves a co-pay or co-insurance. If you haven’t met your deductible, you will have to pay a portion of the cost-sharing based on your plan.

Out of Pocket Cost 61

Out of Pocket Cost Health Savings Account Mining Healthcare 61

Business Management Daily

SEPTEMBER 15, 2021

Despite the emergence of the healthcare marketplace, people still look to their employer as the first and most cost-effective choice for medical insurance. Anybody who has ever looked at healthcare plans knows they vary considerably. Medical plans with no or low-cost deductibles. Health Savings Accounts.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Benefit Resource Inc.

OCTOBER 2, 2018

If not, it is an eligible expense under a Medical Flexible Spending Account (FSA), Health Savings Account (HSA) and most Health Reimbursement Accounts (HRA).) Walgreens Healthcare Clinic. This includes copayments, coinsurance, and payments toward your deductible. Need to find a clinic offering flu vaccines near you?

Flexible Spending Account 60

Flexible Spending Account Flexible Spending Health Savings Account Insurance 60

Genesis HR Solutions

MAY 23, 2023

Flexible Spending Account (FSA): An FSA (also known as a flexible spending arrangement) is a special account employees put money into that they use to pay for certain out-of-pocket health care costs. An HSA can be used only if employees have a qualified High Deductible Health Plan (HDHP).

Insurance 40

Insurance PTO Flexible Spending Human Resources 40

Benefit Resource Inc.

OCTOBER 9, 2019

Embedded deductible or deductible. We just wrote another blog on how high deductible can seem like a dirty word. Don’t say “deductible” Say: “How much money you need to spend before your insurance will kick in and pay for anything” You can get to the specifics and nuances later.

Deductions 40

Deductions Deductible Taxes Insurance 40

Benefit Resource Inc.

OCTOBER 30, 2018

In this section, we’ll explore areas related to Flexible Spending Accounts, Health Savings Accounts, and Health Reimbursement Accounts. Too many healthcare choices can easily bog down employees. 2) Increases your savings through payroll deductions because more employees are willing to enroll in pre-tax benefits.

Flexible Spending Account 56

Flexible Spending Account Taxes Health Savings Account Healthcare 56

Genesis HR Solutions

SEPTEMBER 21, 2021

GenesisHR can help your small business get HRA plan documents; administer your ICHRA; take deductions through payroll, and more. If you’re a small or midsize business looking for excellent healthcare benefits for your employees, GenesisHR can help. You can learn more here. PEO Group Insurance* (Genesis Pick).

Health Insurance 52

Health Insurance Insurance 401(k) Insurance Carriers 52