WEX Inc.

SEPTEMBER 14, 2023

When approaching open enrollment, do … Evaluate available health insurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. If your employer offered you a raise, you wouldn’t say no, right?

401(k) 98

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

PeopleKeep

MAY 20, 2021

As healthcare costs continue to rise , small employers need a way to offer their employees a competitive health benefit to compete with larger organizations while still managing a limited budget. In fact, Willis Towers Watson’s Best Practices in Health Care survey reports 84% of employers offered an ABHP in 2019.

Flexible Spending Account 93

Flexible Spending Account Health Savings Account Flexible Spending Healthcare 93

Benefit Resource Inc.

MARCH 28, 2024

Pre-tax benefits are a powerful tool for saving money and maximizing your income. From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely.

Flexible Spending Account 52

Flexible Spending Account 401(k) Health Savings Account Flexible Spending 52

Money Talk

MAY 18, 2022

Ramp Up Retirement Savings - Consider increasing retirement savings in a tax-deferred employer retirement savings plan (e.g., Saving even 1% more of pay can make a difference in later life. There are online calculators like this one than can show you what you could save. .

Taxes 262

Taxes 401(k) Deductions Deductible 262

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.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

MARCH 20, 2024

Every day, we have the privilege of working closely with thousands of employers, employees, and consultants, fostering relationships built on trust to simplify benefits and offer tax-advantaged savings and peace of mind,” said Jennie Boeckmann, BRI regional sales manager. Learn more at inspirafinancial.com.

Health Savings Account 52

Health Savings Account Flexible Spending Account Flexible Spending Taxes 52

Benefit Resource Inc.

JULY 19, 2023

As employers work to navigate these uncertain times, offering effective and comprehensive benefits packages have become a priority. Offering healthcare financial tools such as health savings accounts (HSAs) and flexible spending accounts (FSAs) are an important part of any employee’s suite of employee benefits.

Employee Benefits 52

Employee Benefits Flexible Spending Account 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.

Flexible Spending Account 98

Flexible Spending Account Deductions Deductible Health 98

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.

Employment 52

Employment Flexible Spending Account Benefits Package Healthcare 52

Benefit Resource Inc.

APRIL 18, 2023

Fortunately, there are ways to increase your financial well-being through medical savings. One such way is by utilizing health savings accounts (HSAs) and flexible spending accounts (FSAs). The HSA is combined with an HSA-qualified health plan (also referred to as a high deductible health plan).

Medical 52

Medical Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

FEBRUARY 28, 2023

When it comes to managing the health and well-being of employees, employers must understand what’s best for both their organization and individuals. BRI’s Vice President of Strategy, Becky Seefeldt , explains the differences between HSAs and FSAs and what’s critical when it comes to HR and employer decisions.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Benefits Package 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?

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account IT 52

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. Let’s explore tips on how employers can effectively communicate benefits messaging to employees in a way that’s relatable and easy to understand.

Flexible Spending Account 97

Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

WEX Inc.

SEPTEMBER 12, 2023

Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement. Funds you or your employer contribute to your HSA can help with this.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

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. Health Savings Account (HSA) HSAs are individually owned accounts, so your HSA will stay with you no matter whether or how you qualify for COBRA.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

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. Consider offering tools that estimate potential savings based on different expense levels, showcasing the value of even minor contributions to an FSA.

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

Benefit Resource Inc.

NOVEMBER 6, 2023

As employers and HR professionals, it’s essential to take proactive measures to boost employee morale during this time. A well-rounded approach to health and wellness initiatives can make a significant difference in maintaining a motivated and engaged workforce.

Flexible Spending Account 90

Flexible Spending Account Flexible Spending Health Savings Account Food 90

HR Professionals Magazine

AUGUST 1, 2023

With over 4,000 respondents, the Society for Human Resource Management’s 2023 Employee Benefits Survey found that the number of employers offering family support and leave benefits has significantly increased since 2022. Group HRAs and medical FSAs have slightly decreased in popularity.

Parental Leave 52

Parental Leave Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

APRIL 20, 2023

While dusting, vacuuming, and packing away winter clothes may be on the top of your spring cleaning list, have you considered reviewing your eligible expenses and utilizing your Flexible Spending Account (FSA)? While doing your spring cleaning, don’t forget to look at your FSA.

Out of Pocket Cost 83

Out of Pocket Cost Flexible Spending Account Flexible Spending Health Savings Account 83

InterWest Insurance Services

NOVEMBER 25, 2022

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts.

401(k) 98

401(k) Deductions Deductible Flexible Spending Account 98

Higginbotham

JANUARY 12, 2024

Out-of-pocket health care costs can become a burden for employees. Special accounts designed to cover health care costs can help both workers and employers manage their expenses. While employers are not required to offer HSAs, FSAs or HRAs, many choose to do so. HRA vs HSA vs FSA: What’s the difference?

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 52

Stratus.HR

NOVEMBER 30, 2020

If you’re planning your tax-sheltered income for 2021, the IRS did not increase the $2,750 limit you can contribute to a health Flexible Spending Account (FSA). However, health savings account (HSA) participants will be able to contribute a little more in 2021. What is a Health Savings Account (HSA)?

Health Savings Account 52

Health Savings Account Flexible Spending Account Flexible Spending Taxes 52

Genesis HR Solutions

MAY 2, 2023

For employers and employees, there are myriad HR terms to know and understand. 1099: A form that reports income from self employment earnings, interest and dividends, government payments, and more. IRS ) W-4: A form used by employers to withhold the proper amount of federal income tax from employees’ paychecks. (

Family and Medical Leave Act 52

Family and Medical Leave Act 401(k) Flexible Spending Account Health Savings Account 52

Benefit Resource Inc.

AUGUST 25, 2023

There are many common misconceptions regarding election changes when it comes to pre-tax benefit accounts. In fact, just more than 1 in 3 people understand when an election change can occur for a health savings account. An employer may limit changes to once per month for administrative purposes.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Medical 52

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.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Benefits Package Flexible Spending 52

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. An HSA (Health Savings Account) is a great way to save up money tax-free for future medical expenses.

Taxes 75

Taxes Flexible Spending Account Health Savings Account Flexible Spending 75

CorpStrat

JANUARY 22, 2024

It’s worth checking out the specifics, as this can lead to significant savings. Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs) These accounts can be used for various health-related expenses, offering tax advantages and helping your employees save money.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

WEX Inc.

APRIL 24, 2023

Your health plan drives many of your decisions during open enrollment. One emerging trend is employers offering their employees health plan options. Does your employer offer options? Pre-tax benefits savings Premiums aren’t the only way you can save on healthcare costs.

401(k) 52

401(k) Health Savings Account Deductions Deductible 52

Benefit Resource Inc.

MARCH 21, 2023

Mental health is an important component of overall workplace wellness. Employees with access to mental health resources and a better understanding of their mental health are more likely to be productive and engaged in their work. Depression alone results in 200 million lost workdays , costing employers up to 44 billion dollars.

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account Education 52

WEX Inc.

JANUARY 3, 2023

Fortunately, your health savings account (HSA) is an employee-owned account, so it stays with you, even when you switch employers. Why adding an FSA makes an HSA even better Did you know that you can participate in both an HSA and a flexible spending account (FSA)?

Education 52

Education Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

JANUARY 16, 2020

The buzz phrase “health and wellness” is currently widely used to reference services or products that take a more holistic approach to care. So, how will this affect tax advantaged accounts like Flexible Spending Accounts and Health Reimbursement Accounts?

Health Savings Account 73

Health Savings Account Flexible Spending Account Flexible Spending Taxes 73

InterWest Insurance Services

SEPTEMBER 27, 2023

This is especially true if you are making changes to cost-sharing, introducing new plans, or offer voluntary benefits, a wellness plan or health savings account or flexible spending account. The takeaway Open enrollment can be a hectic and stressful time for both the employer and workers.

Out of Pocket Cost 91

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 91

Higginbotham

OCTOBER 13, 2023

As employers search for new benefit strategies to meet the needs of a diverse workforce, a Lifestyle Spending Account benefit program is worth considering. What are Lifestyle Spending Accounts? Alternatively, the employer may provide a special debit card that the employee can use to access the account.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

CorpStrat

JANUARY 17, 2023

The following commonly offered Employee Benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs). Health flexible spending accounts (FSAs). 401(k) plans. Transportation fringe benefit plans.

401(k) 52

401(k) Employee Benefits Flexible Spending Account Health Savings Account 52

Business Management Daily

SEPTEMBER 22, 2021

Some employers start as early as September. Most employees elect coverage through their employer, but some may be eligible for marketplace coverage as well. Most employers have an open enrollment period of at least 2 to 4 weeks. Eligibility for HSAs is generally limited to people enrolled in High Deductible Health Plan (HDHP).

Employment 90

Employment Deductions Deductible Benefit Providers 90

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.

Employment 94

Employment PTO Flexible Spending Account Health Savings Account 94

HR Lineup

FEBRUARY 13, 2023

USI’s employee benefits offerings are designed to meet the needs of a diverse workforce and support employers in creating a supportive and healthy work environment. USI’s benefits offerings include a comprehensive suite of health insurance options, including medical, dental, and vision insurance.

Employee Benefits 52

Employee Benefits Flexible Spending Account Disability Insurance Health Savings Account 52