Deductions Employee Enrollments Flexible Spending IT 
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.”
InterWest Insurance Services
DECEMBER 9, 2021
As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. 1, 2022, HDHPs must charge enrollees for telehealth services if they have not yet met their deductible. . That comes to an end Dec.
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Business Management Daily
SEPTEMBER 9, 2021
Almost all health plans offer add-on accounts — health flexible spending accounts, health savings accounts, or health reimbursement accounts. You need to know how these accounts differ so you can communicate about them to employees. Health flexible spending accounts. Here are the basics. Health savings accounts.
Benefit Resource Inc.
JUNE 1, 2023
” Although rising premium rates are an on-going challenge for employers, a primary (and popular) method to overcome this is to implement a high-deductible health plan (HDHP). Overcoming the Challenge Implement an HDHP with Complementary Accounts A growing number of employers have implemented an HDHP as a choice for employees.
HR Digest
APRIL 2, 2024
If you’re unfamiliar with the concept of a lifestyle spending account you’re not alone in your confusion. Employees can then expand those funds on a selected category and reap the benefits of working at a generous organization. Image: Pexels What Is a Lifestyle Spending Account? HSAs can be funded by both employer and employee.
Business Management Daily
NOVEMBER 15, 2021
Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. Copays, co-insurance, and deductibles for medical care.
Higginbotham
JULY 12, 2022
In the simplest terms, a medical expense reimbursement plan refunds employees for covered medical costs. Employees may face uncovered costs in numerous ways: They have to pay a share of the premium for insurance. They have to pay a deductible. However, it is important to understand how IRS rules apply to different arrangements.
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