Employee Benefit News

APRIL 2, 2024

Help employees save money by educating them on contributions and eligible items for their health savings accounts.

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CorpStrat

JANUARY 17, 2023

Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year. The following commonly offered Employee Benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs). Health FSA carryover limit.

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Benefit Resource Inc.

DECEMBER 30, 2022

Pre-tax benefits are growing in popularity amongst employers and employees alike. This is because they offer a great way to save on taxes while still being able to use funds for medical, dependent care, and other expenses. Take a quick walk through the process of checking an account balance. learn more.

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CorpStrat

JANUARY 22, 2024

As we settle into 2024, many teams have recently renewed their Employee Benefits plans. It’s the perfect time to take a closer look and remind your employees about the fantastic, often underutilized benefits these plans offer. Communicating these benefits effectively is equally important as providing them.

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WEX Inc.

MARCH 16, 2023

How much should I contribute to my health savings account (HSA) each month? If you’re covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $3,650 per year (in 2022) into your health savings account (HSA). What is an HSA?

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WEX Inc.

OCTOBER 4, 2023

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses.

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

Benefit Resource Inc.

APRIL 6, 2023

National Employee Benefits Day is celebrated on April 6th. This day is dedicated to recognizing employers’ hard work and dedication that provide valuable benefits to their employees. These eight benefits provide an opportunity for over $30,000 of increased value to employees each year.*

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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. It is not legal or tax advice.

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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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WEX Inc.

AUGUST 29, 2023

Reasons can vary, which is why wide-ranging fertility benefits can also improve the lives of any adult wanting to start a family. 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?

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WEX Inc.

AUGUST 10, 2023

You might be surprised to learn that your health savings account (HSA) and medical flexible spending account (FSA) can help you save on purchases of a variety of back-to-school, expenses, including: Thermometers. It is not legal, financial, or tax advice. OTC medicines. Allergy testing.

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WEX Inc.

SEPTEMBER 21, 2023

Visual health is a vital component of overall well-being, and unexpected eye-related expenses can put a strain on your finances. 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.

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WEX Inc.

FEBRUARY 23, 2023

And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. In fact, staying on top of your health savings account (HSA) , flexible spending account (FSA) , or any other plan you signed up for throughout the year can pay off for you.

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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? It is not legal or tax advice. For legal or tax advice, you should consult your own counsel.

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WEX Inc.

MAY 17, 2023

Health savings account (HSA) contribution limits are on the rise again in 2024. Be bold in support of your employees' retirement needs! It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. With an HSA. Learn more!

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WEX Inc.

OCTOBER 4, 2023

The 20th anniversary of health savings accounts (HSAs) marks a significant milestone for these accounts, which have empowered tens of millions of Americans to save for both immediate and future medical expenses. It is not legal or tax advice.

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WEX Inc.

SEPTEMBER 14, 2023

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! For example, do you have any new dependents who have healthcare needs and could be covered by a pre-tax benefits plan?

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Patriot Software

AUGUST 30, 2022

Most businesses offer employee benefits in addition to regular wages. Common employee benefits can range from different insurance options to types of retirement plans. Some employees have the option of opening an HSA. What is an HSA? What is an HSA?

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Health Savings Account Retirement Plan Taxes Insurance 78

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). Employers fund and own accounts.

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WEX Inc.

MAY 8, 2023

HDHPs can actually be a great healthcare saving option for employees of all ages. Along with paying a lower premium, HDHPs offer financial opportunities that PPOs do not because employees can enroll in a health savings account (HSA) , but only if they’re also enrolled in an HSA-eligible HDHP.

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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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PeopleKeep

MAY 24, 2021

Opportunities to offer more flexible and personalized health benefits have grown a lot in recent years. With new tax-free vehicles emerging, including account-based health plans (ABHPs), small employers now have multiple ways to increase employees’ benefits.

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Benefit Resource Inc.

OCTOBER 20, 2021

We were recently featured in an article on Employee Benefits News discussing what to know about Health Savings Accounts. “HSAs create a level of certainty in a very uncertain world, and put individual employees more in control. Read the full article on benefitnews.com.

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WEX Inc.

SEPTEMBER 25, 2023

Employees may have more capacity to digest these messages outside of the open enrollment period and in turn identify how to better maximize a benefit they already have or one they should enroll during the next benefits cycle. It is not legal or tax advice. For legal or tax advice, you should consult your own counsel.

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WEX Inc.

MAY 8, 2024

By providing personalized guidance, these tools empower employees to make informed choices aligned with their individual goals. For example, My HSA Planner makes learning about how to utilize health savings accounts (HSAs) a breeze. It is not legal or tax advice.

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Higginbotham

JANUARY 12, 2024

Health accounts or arrangements are designed to cover the costs of eligible health care services, typically including medical , vision and dental expenses. These setups can often provide substantial tax benefits as well. This can reduce the income taxes that employees owe.

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Benefit Resource Inc.

NOVEMBER 5, 2021

Employers have come to trust and rely on BRI for their tax-free benefits needs. BRI provides dedicated administration of tax-free certified employee benefits programs for the following: Commuter Benefit Plans Flexible Spending Accounts Health Reimbursement Accounts Health Savings Accounts.

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Proskauer's Employee Benefits & Executive Compensa

JANUARY 31, 2023

The Consolidated Appropriations Act of 2023 (“CAA 2023”), signed into law on December 29, introduced sweeping reforms to the employee benefits landscape. Any amounts contributed while a participant is ineligible must be included in the participant’s taxable income and are subject to an additional 10% excise tax.

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PeopleKeep

JULY 24, 2023

Health savings accounts (HSAs) are individually-owned accounts where you can save pre-tax dollars to pay for healthcare expenses that are defined in IRS Publication 502. HSAs have several benefits that other savings accounts don’t offer, like portability, rollover capabilities, and tax advantages.

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WEX Inc.

MAY 12, 2023

There are a variety of ways you can promote mental health in the office , and one way is to provide benefits that support your employees' needs. For example, your employees can use their health savings account (HSA) to improve their financial wellness and save money on a variety of mental health-related expenses.

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Health Savings Account Medical Retirement Plan Taxes 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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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.   Offer alternative healthcare plans , such as high-deductible health plans (HDHPs) paired with health savings accounts (HSAs).

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Higginbotham

OCTOBER 5, 2023

Employees are seeking more than just medical coverage; they are looking for a comprehensive approach to their well-being , both inside and outside the workplace. To stay ahead in the talent acquisition game, business owners and managers must consider innovative employee benefits that go beyond the basics.

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WEX Inc.

APRIL 24, 2023

Traditional Health Plan Calculator , which lets you input your annual doctor visit and prescription expenses to see the plan that’s right for you. Pre-tax benefits savings Premiums aren’t the only way you can save on healthcare costs. Are you comparing an HDHP versus a PPO or other type of traditional health plan?

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401(k) Health Savings Account Deductions Deductible 52

Higginbotham

NOVEMBER 28, 2022

Some are turning to Health Savings Accounts (HSAs). Although HSAs won’t work for everyone, the benefits of an HSA account make this an appealing option for some individuals. What is a Health Savings Account (HSA)? An HSA is a special type of savings account. HSAs are portable.

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WEX Inc.

AUGUST 15, 2023

Whether you're transitioning from your parents' insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. However, your eligibility for either account can be influenced by the health plan you choose.

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Higginbotham

OCTOBER 13, 2023

Your workforce likely includes Boomers, Gen Xers, Millennials and Gen Zers, parents, pet parents and those without children – and they all want different things from their employee benefits. What are Lifestyle Spending Accounts? Although Lifestyle Spending Accounts are not common in the U.S. However, there’s a catch.

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