article thumbnail

From deductibles to wellness: Why benefits options matter

WEX Inc.

HSA or FSA options Similar to the choice in health plans, many participants told us in the survey that they wanted to choose between either a health savings account (HSA) or a flexible spending account (FSA). However, not all employees are offered these benefits. Ideally, more vision options.”

article thumbnail

5 ways to alleviate your employees' hesitations with choosing in an FSA

WEX Inc.

Most employees are about to have the opportunity to re-evaluate their benefits options during open enrollment. 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: Highlight the flexibility of FSAs.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Benefit Resource Announces Acquisition of 121 Benefits  

Benefit Resource Inc.

BRI and 121 Benefit s share a vision for what constitutes a best in class approach : ensuring client and participant satisfaction remain s a focal point of its products , providing market-leading expertise and delivering its products and services with security and integrity.

article thumbnail

Beyond health insurance: Innovative employee benefits that attract and retain talent

Higginbotham

Basic Benefit Packages are No Longer Competitive Not long ago, a more competitive benefits package might have included health insurance and a 401(k) plan , plus dental and vision insurance. Today, employees are looking for holistic benefits that address their physical, mental and financial well-being.

article thumbnail

Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Health insurance Health insurance aims to assist employees with the costs of obtaining medical care. This is one of the most critically important benefits to employees, given the generally high costs associated with medical care. Optional dental and vision care are usually offered alongside health insurance for an added fee.)

article thumbnail

Little-Known Things to Consider When Shopping for Group Health Insurance

Insperity

Factor these tips into your buying process, and you’ll be on your way to getting a plan that will serve you and your employees well for years to come. First and second time group health insurance buyers usually miss the opportunity to buy a health savings account (HSA)-qualified high-deductible health plan (HDHP).

article thumbnail

10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

However, the packages should meet the needs and expectations of employees. Increased Employee Wellness: An employee benefits platform can promote employee wellness by providing tools for tracking and managing wellness programs, such as fitness challenges or stress management initiatives.