WEX Inc.

JULY 9, 2023

A dependent care flexible spending account lets participants set aside pre-tax dollars to help pay for dependent care. To be eligible for this type of FSA when offered through your employer, you and your spouse (if applicable) must be employed, or your spouse must be a full-time student or looking for work.

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WEX Inc.

SEPTEMBER 21, 2023

However, for participants of health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs. The information in this blog post is for educational purposes only. Reading glasses also qualify as an eligible expense.

Health 98

Health Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

MAY 24, 2023

Often, employees feel confused about their benefits plans options, especially if their employer is using “complicated HR jargon” in their benefits messaging. How can your benefits messaging cater to your employees through benefits education? It’s about what a health savings account or a flexible spending account can do for them."

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Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

WEX Inc.

AUGUST 7, 2023

Sunscreen can cost as much as $40 a bottle, but did you know you can actually use your health savings account (HSA) or medical flexible spending account (FSA) funds on many SPF-related expenses? Sunscreen There’s a good chance you’re planning on spending some time in the sun over the next few months.

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Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

AUGUST 29, 2023

And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexible spending account (FSA) funds? The information in this blog post is for educational purposes only. What are fertility benefits? Here are a few to-dos for you.

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Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

SEPTEMBER 7, 2023

Flexible spending accounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. What you can do: Education is key. The information in this blog post is for educational purposes only. Want to learn more about how you can support your employees?

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WEX Inc.

AUGUST 14, 2023

A flexible spending account (FSA) carryover is one way you can provide flexibility to employees who participate in these accounts. Yes, employers do have the option of providing employees with an FSA carryover. In general, an FSA carryover applies to only medical FSAs. We break down FSA carryovers below.

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Benefit Resource Inc.

MAY 2, 2023

As a result, many employers are in hyper-vigilance mode, anticipating the next recession and bracing themselves for a potentially difficult ride. In this climate, employers are considering a range of strategies to mitigate their financial risks in anticipation of a possible recession.

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Employment Flexible Spending Account Benefits Package Healthcare 52

WEX Inc.

JULY 7, 2023

The IRS’ use-or-lose rule governs flexible spending accounts (FSAs). A flexible spending account (FSA) is an employer-sponsored benefit that allows employees to set aside a portion of their pre-tax salary to pay for qualified medical expenses or dependent care expenses. What is a FSA?

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Flexible Spending Account Flexible Spending Health Savings Account IT 52

Benefit Resource Inc.

NOVEMBER 15, 2023

In the dynamic landscape of the modern workforce, employers and HR professionals are faced with the challenge of not only attracting top talent but also ensuring the well-being of their existing employees. Employers can underscore the flexibility of FSAs and encourage employees to maximize their contributions for optimal financial advantage.

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Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

MARCH 28, 2024

From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. Know Your Pre-Tax Benefit Options Flexible spending accounts (FSAs): An FSA allows you to set aside pre-tax dollars for eligible healthcare expenses.

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Flexible Spending Account 401(k) Health Savings Account Flexible Spending 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. FSAs are an employer-owned account , and the IRS sets limits on annual FSA contributions.

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Benefit Resource Inc.

MARCH 21, 2023

Employers who take the time to educate employees will find a happier, stronger, and more productive workforce with an overall improved company culture. The Value of Mental Health Education With over 15% of people in the workforce dealing with a mental illness , mental health continues to become increasingly important.

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Flexible Spending Account Flexible Spending Health Savings Account Education 52

WEX Inc.

SEPTEMBER 14, 2023

Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. If you rarely go to the doctor or would like to enroll in a health savings account (HSA) , an HSA-eligible health plan may be right for you! Open enrollment comes just once a year.

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

HR Digest

MAY 21, 2023

Employer benefits package is key to attracting and retaining top talent. Create a plan to review the employee benefits package routinely Business Owner and Manager together can design employer benefits package as it is key to attracting and retaining top talent. Health care flexible spending accounts 3.

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Employee Benefits

OCTOBER 19, 2023

Craig Thomas, executive director at Cummins Engine Company, said: “Educating ourselves and others about the impact of menopause on women’s health and wellbeing is a crucial step for employers to ensure women are fully supported and empowered in the workplace.

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WEX Inc.

SEPTEMBER 12, 2023

If you’ve never been asked if you would like to participate in an employee benefits account before, you might be asking yourself, “What are all these acronyms?” Funds you or your employer contribute to your HSA can help with this. FSAs are employer-owned, meaning you may lose the funds if you change job or health plans.

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Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

Best Money Moves

OCTOBER 13, 2023

Eighty-seven percent of employees consider health and wellness benefits when choosing an employer, according to a study by recruiting website Zippia. In addition to cultivating a better work environment, according to the same Zippia study, 72% of employers saw a reduction in their healthcare costs after implementing these programs.

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HR Lineup

MAY 11, 2023

Employers can choose from a range of pre-tax benefits, including health insurance, dental insurance, vision insurance, and other types of benefits. PeopleKeep also provides flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and health savings accounts (HSAs) to help employees save money on healthcare expenses.

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Flexible Spending Account Health Savings Account Benefits Package Flexible Spending 52

WEX Inc.

JANUARY 4, 2023

Flexible Spending Account (FSA) If you were enrolled in an FSA prior to electing COBRA, you may still be able to tap into your FSA funds. Your ability to spend down funds depends on a number of factors, and those factors can be specific to your employer’s FSA. Your HSA funds can be used to pay for COBRA premiums.

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Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

HR Lineup

JUNE 15, 2023

Designed to meet the needs of both employers and employees, Benefit Elect provides a user-friendly interface and a variety of tools to enhance the benefits enrollment and administration process. With its intuitive and easy-to-use platform, employers can efficiently manage their benefits packages, saving time and effort.

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HR Lineup

JUNE 14, 2023

With a mission to simplify the complexities of benefits enrollment and management, Empyrean offers innovative solutions that streamline the process for employers and empower employees to make informed decisions about their benefits. Employers and employees can have peace of mind knowing that their personal and financial data is safeguarded.

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PeopleStrategy

OCTOBER 10, 2023

Open enrollment season can be a challenging time for both employees and employers. Employees are often inundated with complex benefit options and decisions, while employers struggle to communicate these options effectively. Offer Choice and Flexibility Employees value choice and flexibility.

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Flexible Spending Account Retirement Plan Voluntary Benefits Flexible Spending 52

Insperity

AUGUST 25, 2020

What can you do to stand out during unpredictable times and show that you’re an employer of choice – and will continue to be one, come what may? What’s an employer of choice? When you’re an employer of choice, you’re an organization that people have a strong desire to work for. What being an employer of choice looks like.

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Employment PTO Flexible Spending Account Health Savings Account 94

Benefit Resource Inc.

JULY 31, 2023

Amidst the excitement, many may not know that their Flexible Spending Account (FSA) can be a valuable resource for purchasing back-to-school items. An FSA is a pre-tax benefit account offered by many employers as part of their benefits package. What is an FSA?

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Utilities Flexible Spending Account Flexible Spending Medical 52

HR Lineup

JUNE 9, 2023

Through the platform, employers can offer a wide range of benefits, including health insurance, retirement plans, flexible spending accounts, and more. These include personalized communication campaigns, interactive decision-support tools, and access to a comprehensive library of educational resources.

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Flexible Spending Account Retirement Plan Flexible Spending Health Insurance 52

HR Lineup

JUNE 9, 2023

This platform provides a robust set of tools and features that enable employers to manage all aspects of their employee benefits programs in one centralized location. With BENEFITFOCUS, employers can create customized benefits plans that meet the unique needs of their workforce.

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Flexible Spending Account Retirement Plan Flexible Spending Health Insurance 52

HR Lineup

JUNE 9, 2023

The company provides retirement savings plans and investment options, along with educational resources to help employees make informed decisions about their financial future. These offerings not only promote the overall well-being of employees but also contribute to a healthier and more productive workforce.

Retirement Plan 52

Retirement Plan Flexible Spending Account Flexible Spending Life Insurance 52

PeopleStrategy

DECEMBER 6, 2023

The good news is that the past trends of employers not recognizing the importance of mental health are changing according to new reports. For example, funds from health savings and flexible spending accounts generally can be used to pay for mental health therapy.

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Health Consultants Group

OCTOBER 1, 2021

Just like workers in all business environments, your employees are assessing their lives, reevaluating their careers, and reconsidering their employment options. . Flexible work options. Employees still want traditional options such as retirement plans, educational assistance, and health insurance. Health Savings Accounts.

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Employee Benefits Family and Medical Leave Act Flexible Spending Account Health Savings Account 86

Benefit Resource Inc.

SEPTEMBER 28, 2023

BRI has been honored with not one, but two Luminaries awards, one in the Education and Communications category for our company and the other in the Leadership category for our esteemed CEO, Jason Hall. BRI, true to its spirit of adaptability and innovation, has successfully pivoted to meet the evolving needs of employees and employers.

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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. With employer-sponsored health plans, there’s fiduciary oversight. An article from SHRM says employers have to: File Form 5500s.

Health Savings Account 52

Health Savings Account Deductions Deductible Flexible Spending Account 52

Higginbotham

JUNE 14, 2022

Flexible Spending Accounts (FSAs) have emerged as one solution. Flexible Spending Account vs. Health Savings Account. An FSA is a type of savings account that lets people pay for certain out-of-pocket medical expenses using tax-free dollars. Funds Owned by Employer. Typical Rules.

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Flexible Spending Account Health Savings Account Deductions Deductible 52

Higginbotham

DECEMBER 21, 2023

Changing Employee Needs and Expectations The workforce has changed markedly in recent years, differing significantly from that of just a decade ago, particularly in their expectations for employer-provided benefits. Many organizations now provide educational programs on financial literacy.

401(k) 52

401(k) Benefits Package Retirement Plan Flexible Spending Account 52

WEX Inc.

SEPTEMBER 6, 2023

Being able to differentiate yourselves as an employer by saying ‘Whatever is important to you (like your pets) is important to us too’ really helps employers to stand out,” said Moszer on our Benefits Buzz podcast. The information in this blog post is for educational purposes only. It is not legal or tax advice.

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Recruitment Flexible Spending Account Health Savings Account Medical 59

Higginbotham

JULY 12, 2022

This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. Furthermore, high out-of-pocket costs primarily affect people who have employer coverage and earn above 600 percent of the federal poverty level. HRAs are owned by the employer. 1, 2020).

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CorpStrat

OCTOBER 26, 2022

Without relief in the form of salary increases or help in increased employer contributions, many workers are expected to cut back on their benefits. As an employer, the impact of inflation on their employees’ finances may make Open Enrollment more challenging than usual. What can employers do? The perfect storm.

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