Remove Employee Enrollments Remove Flexible Spending Remove Health Savings Account Remove Healthcare
article thumbnail

HR Professionals… What’s Your Problem?

Benefit Resource Inc.

One of the “mountains” you may be facing is combating rising healthcare costs. The Challenge Rising healthcare costs are one of the main concerns for Americans. Of those, more than seven in ten employers (71 percent) also offer a health savings account with employer funding. How can we help you?

article thumbnail

Estimated Time on HR: Procuring Benefit Plans and Open Enrollment Administration Tasks

Stratus.HR

Creating a full wrap document to comply with ERISA (Employee Retirement Income Security Act): 1 hour if digital . Answering employee questions about open enrollment: 1-3 hours . Following-up with outstanding employee enrollments: 1-2 hours . Administering a Flexible Spending Account (i.e.,

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FSA eligible expenses — what purchases count?

Business Management Daily

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. Healthcare FSA. Healthcare FSAs.

article thumbnail

Help Employees Understand the HSA Value Proposition

Corporate Synergies

Educate employees on how to use these funds for current and future healthcare expenses. Health savings accounts can be a good deal for employees. million accounts in 2006 to over 22 million at the end of 2017. 2 AHIP , “Health Savings Accounts Continue to Grow in Popularity”.

401(k) 40
article thumbnail

Benefits for One, Benefits for All: Understanding Lifestyle Spending Accounts

HR Digest

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.

article thumbnail

From deductibles to wellness: Why benefits options matter

WEX Inc.

Smaller employers may face challenges in providing these options, although participants have said they are interested in these health plan choices. More dental and vision Among employers with benefits administration through WEX , 68% of eligible employees enrolled in vision and 77% of eligible employees enrolled in dental.