WEX Inc.

SEPTEMBER 14, 2023

It’s your best chance to evaluate your healthcare needs and identify opportunities to better support yourself and your family. However, a whopping 92 percent of employees stick with the same elections they had the previous year, no matter what changes have taken place in their lives.

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401(k) Health Savings Account Flexible Spending Account Healthcare 98

Benefit Resource Inc.

APRIL 4, 2024

As an employer or HR manager, you’re constantly seeking ways to enhance your employee benefits package, ensuring it not only attracts top talent but also supports their financial well-being throughout their careers and into retirement. One often-overlooked gem in the world of benefits is the Health Savings Account (HSA).

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401(k) Retirement Plan Benefits Package Deductions 52

Best Money Moves

JULY 8, 2020

Top 10 employee benefits for 2021. 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. Top 10 Employee Benefits for 2021. #1

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Employee Benefits Out of Pocket Cost Flexible Spending Account Health Insurance 108

WEX Inc.

MAY 17, 2023

2024 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Health savings account (HSA) contribution limits are on the rise again in 2024. 2024 high-deductible health plan (HDHP) amounts and expense limits also increased.

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Health Savings Account Deductions Deductible Taxes 98

WEX Inc.

MARCH 7, 2023

We wanted to share a few tips and reminders about the health savings account (HSA) information you’ll need for your tax return. It also shows pre-tax contributions made to your account by you and your employer through payroll deductions. The season for filing taxes is upon us once again.

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Taxes Health Savings Account Deductions Deductible 98

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. In this blog post, we outline some of the ways your ability to use your employee benefits changes when you elect COBRA. You don’t have any disqualifying coverage (such as an FSA).

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Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

Empuls

FEBRUARY 26, 2024

From well-being to flexibility, continuous learning to personalized perks, let's understand the game-changing employee benefits trends that will take lead in the near future. Some organizations offer incentives for employees who participate in wellness challenges, promoting friendly competition and camaraderie.

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Business Management Daily

APRIL 29, 2024

Most employees expect benefits. A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. Fringe benefits are how employers make up the gap. People want more.

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Out of Pocket Cost PTO 401(k) Deductions 84

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. You and your family’s expenses During open enrollment, you may see tables or charts that show your available plans’ premiums, deductibles, and/or out-of-pocket responsibility.

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401(k) Health Savings Account Deductions Deductible 52

Benefit Resource Inc.

NOVEMBER 22, 2022

But before you sit down to enjoy your well-deserved feast, we wanted to take a moment to remind you of all the things you have to be thankful for at work – namely, your employee benefits! Here are 5 reasons to give thanks for employee benefits this Thanksgiving. Pre-tax benefits save you money.

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Employee Benefits Flexible Spending Account Flexible Spending Health Savings Account 52

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. 16+ types of employee benefits you should consider. Health Savings Account (HSA). Health Reimbursement Account (HRA).

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

BerniePortal

DECEMBER 20, 2021

Of course, not all medical expenses are covered by an individual’s health insurance plan. A health savings account is an excellent employee benefit to accompany a high-deductible health plan, and account-holders should be encouraged to take advantage of these tax-free funds.

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Health Savings Account Health Insurance Deductions Deductible 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. Health FSAs. . The new limits are set forth below.

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Transportation Flexible Spending Account Flexible Spending Health Savings Account 52

PeopleStrategy

JULY 8, 2019

According to a recent survey , 35 percent of employees don’t understand their healthcare coverage, and another 33 percent don’t understand their medical bills. And, sadly, almost two-thirds (62 percent) of survey participants said their employer is not a resource for healthcare-related questions.

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Health Savings Account Deductions Deductible Healthcare 82

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. But there are HSA rules and regulations you and your employees need to follow in order to stay compliant.

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Health Savings Account Deductions Deductible Flexible Spending Account 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. 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?

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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.

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Employment Flexible Spending Account Benefits Package Healthcare 52

AssuredPartners

SEPTEMBER 25, 2023

From Baby Boomers who have decades of experience to Gen Zer's just starting their careers, each generation brings unique perspectives and expectations when it comes to the benefits that they value the most. One way to bridge this gap is through the strategic design of employee benefits packages that cater to an age diverse population.

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Retirement Plan Health Savings Account Benefits Package Healthcare 52

Business Management Daily

SEPTEMBER 22, 2021

Employees get to select a new plan for their health insurance and opt into other employee benefits for the next year. This is generally the only time health coverage changes are allowed aside from onboarding or family changes (such as marriage, divorce, or the birth of a child). Conduct a Survey.

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Employment Deductions Deductible Benefit Providers 90

Corporate Synergies

JULY 22, 2019

Adopting an urgent care first mentality can help employees and employers control healthcare costs. Urgent care centers are popping up everywhere, which means getting quick healthcare is easier and more convenient for patients. That’s why it’s important to guide employees to adopt an “urgent care first” mentality.

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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. Unfortunately, many employees aren’t getting the full HSA value. 2 AHIP , “Health Savings Accounts Continue to Grow in Popularity”.

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401(k) Health Savings Account Retirement Plan Deductions 40

Business Management Daily

OCTOBER 15, 2020

Even amid economic uncertainty caused by the pandemic, only 18% of employers say they will shift more healthcare expenses to employees, such as raising deductibles or co-pays. In fact, 57% of survey respondents will make no changes whatsoever to the cost of their health plans in 2021.

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Health Savings Account Healthcare Life Insurance Insurance 52

Business Management Daily

APRIL 25, 2024

Let’s talk about the different types of fringe benefits and how employers can make the most of them. Taxable vs. Non-taxable Benefits are always tax-deductible, aren’t they? Employees can be taxed on some high-value benefits when they are considered part of the employee’s compensation package. Market trends.

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Benefit Resource Inc.

APRIL 8, 2021

Here’s a scary statistic for you: according to the International Foundation of Employee Benefit Plans , 80% of employers struggle to get employees to read benefits enrollment materials during Open Enrollment. Can you really blame the employees though? A Health Savings Account to save on medical expenses.

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401(k) Health Health Savings Account Medical 98

Flimp Communications

OCTOBER 18, 2019

So, how are government organizations adapting and can you implement some of these same moves to keep your employees around? More local governments are modifying their benefits packages to make them more attractive to new and longtime employees. Benefits have long been a strength for many governmental agencies and organizations.

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Business Management Daily

SEPTEMBER 15, 2021

Offering an attractive employee benefits package helps lure top talent and encourages the retention of your best team members. Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. There’s no one-size-fits-all answer.

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Corporate Synergies

DECEMBER 10, 2018

This 4-step voluntary benefits checkup will help you decide. As the cost of medical plans rises, employers are offering high-deductible health plans (HDHPs) and health savings accounts (HSAs) as part of their employee benefit plans. A voluntary benefits checkup helps you help your employees.

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Benefit Resource Inc.

OCTOBER 30, 2018

The BRight Ideas Quiz administered by Benefit Resource, Inc. in 2017 revealed several key areas within pre-tax benefits where participant understanding needs improvement. In this section, we’ll explore areas related to Flexible Spending Accounts, Health Savings Accounts, and Health Reimbursement Accounts.

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Flexible Spending Account Taxes Health Savings Account Healthcare 56

WEX Inc.

MAY 2, 2024

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.

Health Savings Account 96

Health Savings Account 401(k) Flexible Spending Account Taxes 96

WEX Inc.

JULY 20, 2023

In the first post of this year’s open enrollment series, we break down some of the common feedback we received from those who said their benefits options were lacking so you can build the best benefits package going into your open enrollment. Specific responses included: “A lower deductible or copay options would be an improvement.”

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Deductions Deductible Flexible Spending Account Health Savings Account 75

Flimp Communications

JUNE 24, 2020

But tips for saving money around healthcare can contribute to improved financial health. When you pay out of pocket for medical care, the IRS lets you deduct it. But even if you don’t, health savings accounts (HSAs) allow you to save money, tax free, to be spent on healthcare.

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Healthcare Deductions Deductible Insurance 96

WEX Inc.

APRIL 3, 2023

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.

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

HR Digest

APRIL 2, 2024

If you’re unfamiliar with the concept of a lifestyle spending account you’re not alone in your confusion. The lifestyle spending account benefits vary from employer to employer but they all have the freedom to set a range of categories where the funds in the account can be spent.

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AssuredPartners

OCTOBER 18, 2022

Included in this announcement, and of consequence to the employee benefits world, the IRS noted that the dollar limit maximum for employee contributions made on a pre-tax basis via salary reductions to health flexible spending accounts (FSAs) under a cafeteria plan will be modified for 2023.

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Healthcare Flexible Spending Account Health Savings Account Flexible Spending 52

AssuredPartners

NOVEMBER 12, 2021

This applies to qualified parking and transit benefits alike. Health Savings Accounts and High Deductible Health Plans. On November 10, 2021, the IRS announced in Rev. 2021-45 the annual inflation adjustments for the 2022 tax year. Parking and Transit Limits (Per Month).

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Healthcare Flexible Spending Account Health Savings Account Flexible Spending 73

PeopleStrategy

FEBRUARY 21, 2024

Healthcare is one of the hardest things an HR department manages. Working with a trusted benefits administrator can be a big help in staying compliant when it comes to benefits. But effective at the start of 2020, legislation allowed HDHPs to provide benefits before paying deductibles were met.

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WEX Inc.

FEBRUARY 2, 2023

From an employee benefits and COBRA perspective, this would mean that temporary extensions introduced during the COVID-19 pandemic will also expire. The end of the national emergencies also would mean other changes regarding your healthcare costs. We’ve compiled a few things you need to know.

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Flexible Spending Account Health Savings Account Flexible Spending Taxes 52