InterWest Insurance Services

NOVEMBER 25, 2022

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. Retirement plan maximums.

401(k) 98

401(k) Deductions Deductible Flexible Spending Account 98

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

WEX Inc.

APRIL 24, 2023

Your health plan drives many of your decisions during open enrollment. One emerging trend is employers offering their employees health plan options. That’s a critical first step when weighing your choice of an HDHP versus a PPO or another type of traditional health plan. Does your employer offer options?

401(k) 52

401(k) Health Savings Account Deductions Deductible 52

Benefits Notes

OCTOBER 24, 2022

On October 21, 2022, the Internal Revenue Service (IRS) released Notice 2022-55 , which sets forth the 2023 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. HDHP Minimum Deductible Limits. Additional Amount for 1-Year Extension. 3,650/$7,300. 3,850/$7,750.

401(k) 52

401(k) Deductions Deductible Health Savings Account 52

Griffin Benefits

NOVEMBER 1, 2022

The IRS has finally announced adjustments to 2023 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. 2023 Retirement Plan Limits Increase.

401(k) 82

401(k) Retirement Plan Health Savings Account Deductions 82

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. 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

Proskauer's Employee Benefits & Executive Compensa

OCTOBER 21, 2022

The IRS did not increase the annual contribution limit for dependent care flexible spending accounts because that limit is not indexed to inflation. Earlier this year, the IRS released the 2023 inflation adjustments for health savings accounts and high deductible health plans. Health FSAs. .

Transportation 52

Transportation Flexible Spending Account Flexible Spending Health Savings Account 52

PeopleStrategy

OCTOBER 3, 2023

What Each Generation Typically Looks For Baby Boomers (born 1946-1964) are approaching retirement age, so their benefit preferences may focus more on retirement plans, health coverage, and financial security. Customizable Health Plans: Provide a range of health insurance plans with different coverage levels and costs.

401(k) 52

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

AssuredPartners

SEPTEMBER 25, 2023

Baby Boomers (born 1946-1964): Baby Boomers are nearing retirement or have already retired. They value traditional benefits like comprehensive health coverage, retirement plans, and job security. Retirement Planning: Provide financial education and retirement planning resources for Baby Boomers.

Retirement Plan 52

Retirement Plan Health Savings Account Benefits Package Healthcare 52

CorpStrat

JANUARY 17, 2023

The following commonly offered Employee Benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs). Health flexible spending accounts (FSAs). 401(k) plans. Transportation fringe benefit plans. Health FSA carryover limit.

401(k) 52

401(k) Employee Benefits Flexible Spending Account Health Savings Account 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

Genesis HR Solutions

MAY 2, 2023

TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( This cheat sheet explains several common human resource acronyms. This cheat sheet explains several common human resource acronyms.

Family and Medical Leave Act 52

Family and Medical Leave Act 401(k) Flexible Spending Account Health Savings Account 52

Griffin Benefits

NOVEMBER 11, 2021

The IRS has finally announced adjustments to 2022 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. 2022 Retirement Plan Limits Increase.

401(k) 55

401(k) Retirement Plan Health Savings Account Deductions 55

Benefit Resource Inc.

NOVEMBER 1, 2022

Health savings accounts (HSAs) are becoming a popular way for investors to save for retirement. HSAs allow you to save money tax-free to use towards medical expenses. In addition, HSAs can be used to help fund your retirement. You can also use the money in your HSA to pay for long-term care costs.

Health Savings Account 40

Health Savings Account Retirement Plan Deductions Deductible 40

Business Management Daily

APRIL 25, 2024

Fringe benefits can include: Cash bonuses Extra vacation time Paternity leave or extended maternity leave On-site amenities Childcare Wellness plans Retirement planning services Monthly stipends for work expenses Unless they’re working in a highly competitive field, most employees expect employers to offer fringe benefits , at least on some level.

Taxes 52

Taxes Retirement Plan Employee Stock Option Bonuses 52

Benefits Notes

NOVEMBER 5, 2021

On November 4, 2021, the Internal Revenue Service (IRS) released Notice 2021-61 , which sets forth the 2022 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. HDHP Minimum Deductible Limits. Additional Amount for 1-Year Extension. 3,600/$7,200. 3,650/$7,300.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Benefits Notes

OCTOBER 28, 2020

On October 26, 2020, the Internal Revenue Service (IRS) released Notice 2020-79 , which sets forth the 2021 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. HDHP Minimum Deductible Limits. Additional Amount for 1-Year Extension. 230,000 (no change).

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Corporate Synergies

AUGUST 6, 2018

Health savings accounts can be a good deal for employees. 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.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Genesis HR Solutions

SEPTEMBER 22, 2020

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. The amount you elect must be used in that plan year. Health Savings Account (HSA). Health Reimbursement Account (HRA). Retirement.

401(k) 98

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

Empuls

FEBRUARY 26, 2024

  Offer alternative healthcare plans , such as high-deductible health plans (HDHPs) paired with health savings accounts (HSAs). These plans often provide employees with more control over their healthcare expenses and offer tax advantages.

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Retirement Plan 40

Stratus.HR

JANUARY 24, 2022

This number is derived by subtracting all your pre-tax deductions from your YTD earnings. For example, if you contributed to a health plan, retirement plan, or had a Health Savings Account (HSA), Health Reimbursement Account (HRA), or a Flexible Spending Account (FSA), those dollars are pre-tax.

Taxes 64

Taxes Payroll IT Deductions 64

Business Management Daily

SEPTEMBER 15, 2021

Employers looking to impress with their employee benefits package go beyond this basic level of health benefits. Medical plans with no or low-cost deductibles. Retirement plans. Large and small businesses alike benefit from sponsoring plans such as 401(K)s and Simple IRAs. Health Savings Accounts.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Flimp Communications

MARCH 31, 2020

The long-term financial wellness of the average American worker is at risk during this health and economic crisis. Where Tax Savings and Benefits Intersect. Health savings accounts (HSAs) are great medical savings and investment tools for employees, particularly those who won’t have a ton of medical expenses year to year.

401(k) 53

401(k) Retirement Plan Medical Taxes 53

Insperity

AUGUST 9, 2016

To attract talent and compete effectively, many businesses first elect to offer: Health insurance – Due to the rising costs of health care, this is a must in the eyes of many employees. Choosing a high-deductible plan may help you pay less in premiums, but requires your employees to cover more of their costs out of pocket.

Banking 50

Banking Employee Benefits Disability Insurance 401(k) 50

McDermott Will & Emery Employee Benefits

NOVEMBER 1, 2023

The Internal Revenue Service recently announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2024. Certain health and welfare plan limits have not yet been released.

Health and Welfare 87

Health and Welfare Employee Benefits Flexible Spending Account Health Savings Account 87

McDermott Will & Emery Employee Benefits

NOVEMBER 10, 2023

On November 9, 2023, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain health and welfare plan benefits, including those for health flexible spending arrangements and commuter benefit plans, among other important updates.

Health and Welfare 83

Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 83

Insperity

MARCH 12, 2024

Retirement plans Employees want to be able to save for retirement and plan for their futures. The financial wellness of your workforce is especially critical given economic conditions, record-high inflation and high levels of household debt, leading many workers struggling to save enough money.

Family and Medical Leave Act 57

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

McDermott Will & Emery Employee Benefits

OCTOBER 21, 2022

The Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2023.

Employee Benefits 81

Employee Benefits Flexible Spending Account Employment Health Savings Account 81

Higginbotham

OCTOBER 14, 2022

Different health plan types come with both advantages and disadvantages, including differences in cost, risk and employee involvement/education. Retirement Plans. They’re also trying to save for their future retirement. Many workers aren’t just earning money to cover their current needs. Other Key Benefits.

Employee Benefits 52

Employee Benefits Family and Medical Leave Act Disability Insurance Paid Sick Leave 52

Empuls

JULY 11, 2023

tax free benefits are those that provide financial advantages for both employees and employers by avoiding certain taxes and deductions. Non taxable employee benefits refer to various perks and incentives provided by employers that are exempt from certain taxes and deductions.

Employee Benefits 40

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

WEX Inc.

JULY 24, 2023

Fortunately, there’s an often overlooked way to help employees build wealth and prepare for retirement. And it’s a solution you might already be offering: the health savings account. Why HSAs for retirement planning? Click below to get your free HSA retirement white paper.

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

Genesis HR Solutions

AUGUST 9, 2018

Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. 401(k) and retirement plans.

Employee Benefits 40

Employee Benefits 401(k) Health Insurance Insurance Carriers 40