WEX Inc.

OCTOBER 22, 2024

The IRS released 2025 contribution limits for medical flexible spending accounts (medical FSAs), commuter benefits , and more as part of Revenue Procedure 2024-40. These limits undergo annual adjustments to account for inflation.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Deductions 98

WEX Inc.

DECEMBER 3, 2024

Medical flexible spending accounts (medical FSAs) are use-or-lose accounts. There are limits as to whether (or how much of) your employees’ FSA funds can be carried over into the next plan year. How well do your employees understand their FSA’s plan rules? If they don’t, they could risk forfeiting funds to the plan.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Taxes 98

WEX Inc.

AUGUST 28, 2024

The IRS requires non-discrimination testing for employers who offer plans governed by Section 125 , which includes a flexible spending account (FSA). What plans require non-discrimination testing?

Flexible Spending Account 95

Flexible Spending Account Flexible Spending Medical Taxes 95

Money Talk

JUNE 28, 2023

Health Savings Account (HSA) Tweak - By mid-year, you know what you already spent for health care services through June. Flexible Spending Account (FSA) Tweak - Like HSAs, you know your health care spending so far. Use this information to adjust payroll deductions for a health care FSA (up or down).

Flexible Spending Account 244

Flexible Spending Account Banking Health Savings Account Taxes 244

WEX Inc.

DECEMBER 11, 2024

Fortunately, health savings accounts (HSAs) and flexible spending accounts (FSAs) cover many common winter eligible expenses you might turn to this time of year! For many, winter is as synonymous for snowflakes as it is for sinus problems. Weve compiled a few common seasonal issues and eligible expenses that can help.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

WEX Inc.

JULY 1, 2025

Use flexible spending accounts (FSAs) wisely If you have access to an FSA for healthcare or dependent care expenses, make sure you’re using it strategically. These accounts allow you to set aside pre-tax dollars for qualifying expenses, reducing your taxable income and increasing your take-home pay.

401(k) 52

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

WEX Inc.

DECEMBER 18, 2024

Flexible spending accounts (FSA) Flexible spending accounts (FSAs) offer a valuable tax-advantaged benefit, but the IRS use-or-lose rule can result in forfeited funds if employees dont use their balances by the deadline. Key dates February 28, 2025: Paper filing deadline for 1095-C forms.

Family and Medical Leave Act 52

Family and Medical Leave Act Flexible Spending Account Flexible Spending Insurance Carriers 52

Money Talk

MAY 18, 2022

Five examples are tax-loss harvesting, Roth IRA conversions, qualified charitable contributions (age 70½ +), setting up a donor advised fund, and increased contributions to a tax-deferred retirement savings plan, health savings account or HSA (if eligible), or flexible spending account or FSA (if available).

Taxes 264

Taxes 401(k) Deductions Deductible 264

Higginbotham

MAY 2, 2025

This gives eligible employees even greater flexibility for how they use their benefits. This gives eligible employees even greater flexibility for how they use their benefits.

Health Insurance 52

Health Insurance Insurance Flexible Spending Account Family and Medical Leave Act 52

WEX Inc.

OCTOBER 17, 2024

One intriguing possibility is that lower drug prices could lead to a shift in how employees use tax-advantaged benefits like HSAs and flexible spending accounts (FSAs). He suggested that bipartisan efforts to address rising drug prices could emerge, which could ultimately benefit both employers and employees by lowering costs.

Employee Benefits 59

Employee Benefits Flexible Spending Account Health Savings Account Out of Pocket Cost 59

WEX Inc.

JANUARY 2, 2025

5 common FSA terms you should know Boost your understanding of flexible spending accounts (FSAs) by mastering these 5 common terms. Learn about the eligibility requirements, significant savings opportunities, and quick reimbursement features of dependent care FSAs in our latest blog post and podcast episode.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

HR Lineup

MAY 9, 2023

In addition to health insurance and retirement savings plans, Pazcare also offers flexible spending accounts (FSAs). FSAs are pre-tax accounts that employees can use to pay for eligible healthcare expenses, such as medical bills or prescriptions.

401(k) 130

401(k) Flexible Spending Account Health Insurance PTO 130

HR Lineup

MAY 10, 2024

Enhance Employee Benefits and Perks Review and Update Benefits Packages: Regularly assess employee benefits to ensure they align with the evolving needs and preferences of the workforce, considering options such as wellness programs , mental health resources, and flexible spending accounts.

Benefits Package 246

Benefits Package Flexible Spending Account Employee Retention Flexible Spending 246

McDermott Will & Emery Employee Benefits

OCTOBER 19, 2022

On October 18, 2022, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans (see Rev. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

Health and Welfare 98

Health and Welfare Flexible Spending Account Flexible Spending Salary 98

WEX Inc.

JANUARY 8, 2025

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. Weve compiled some tips to help you if you participate in a WEX benefits plan.

Flexible Spending Account 52

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

Money Talk

AUGUST 3, 2022

They include 529 college savings plans, flexible spending accounts (FSAs), tax-deferred annuities, and health savings accounts (HSAs) for people with high-deductible health insurance plans. Bottom Line: tax-efficient investment strategies allow investors to retain more of their investment earnings.

Taxes 189

Taxes 401(k) Flexible Spending Account Deductions 189

PeopleKeep

AUGUST 4, 2021

These codes are a quick way for you to see which items on your receipt can be paid for through your health savings account (HSA), your flexible spending account (FSA), or are eligible for reimbursement through your health reimbursement arrangement (HRA).

Medical 98

Medical Flexible Spending Account Health Savings Account Flexible Spending 98

PeopleKeep

MAY 20, 2021

One way small employers can avoid high insurance costs while still offering a formal health benefit to recruit and retain top talent is an account-based health plan (ABHP). Plans like health reimbursement arrangements (HRAs), health savings accounts (HSAs), and flexible spending accounts (FSAs) are all ABHPs that are growing in popularity.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Healthcare 98

WEX Inc.

FEBRUARY 27, 2025

When it comes to using pre-tax health accounts like health savings accounts (HSAs) , flexible spending accounts (FSAs) , and health reimbursement arrangements (HRAs) , you may assume that all medical expenses are automatically covered. Thats where a letter of medical necessity (LMN) comes in.

Medical 78

Medical Flexible Spending Account Health Savings Account Flexible Spending 78

PeopleKeep

AUGUST 16, 2021

From choosing your own individual health insurance plan to spending your HRA dollars on the qualifying out-of-pocket medical expenses that make sense for you, an HRA gives you the freedom to choose. When making your decision, there are important regulations to keep in mind to make sure you’re coordinating the two health plans appropriately.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Health Insurance Healthcare 98

WEX Inc.

JUNE 10, 2025

Maximizing health savings accounts (HSAs) and flexible spending accounts (FSAs) Knowing the cost upfront enables employees to budget their pre-tax dollars in HSAs and FSAs effectively, making their benefits work smarter for them.

Healthcare 52

Healthcare Flexible Spending Account Health Savings Account Flexible Spending 52

WEX Inc.

JUNE 24, 2025

Tax-free growth on investments within the account. Unlike flexible spending accounts (FSAs) , HSAs are owned by the employee and roll over from year to year, making them a valuable long-term savings tool. Tax-free withdrawals when used for qualified medical expenses.

Health Savings Account 52

Health Savings Account Flexible Spending Account Healthcare Taxes 52

WEX Inc.

APRIL 2, 2025

Flexible spending accounts (FSAs) allow your employees to use pre-tax dollars to cover eligible out-of-pocket healthcare expenses, providing a tax-efficient way to manage medical costs. But there are some FSA rules you need to follow to stay compliant.

Flexible Spending Account 90

Flexible Spending Account Deductions Deductible Flexible Spending 90

Money Talk

JANUARY 19, 2022

Check Your FSA - Learn the rules for your flexible spending account (FSA). When you feel “imposter syndrome” at work or that nobody cares about your paid or volunteer efforts, pull these items out and read them. Many people had elective medical procedures canceled in 2021 or their child care needs changed.

Flexible Spending Account 188

Flexible Spending Account Taxes Pension Deductions 188

WEX Inc.

JULY 8, 2025

Unlike a flexible spending account (FSA), HSAs have no “use-it-or-lose-it” rule, making them a sustainable, long-term savings tool. Consider this: A 25-year-old who contributes $3,000 annually to an HSA and invests it with an average 7% return could accumulate over $400,000 by retirement—just for healthcare expenses.

401(k) 52

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

WEX Inc.

FEBRUARY 15, 2023

Did you recently elect to participate in a medical flexible spending account (FSA) ? What is a medical flexible spending account (FSA)? If you’re a first-time medical FSA participant, you may not be familiar with FSA definitions and rules.

Medical 98

Medical Flexible Spending Account Flexible Spending Taxes 98

WEX Inc.

SEPTEMBER 18, 2024

For example, a medical flexible spending account (FSA) is governed by the IRS’ use-or-lose rule , so it’s important that you choose the right contribution amount each year or risk losing money at the end of the plan year. The “daily grind” can often get in the way of the big picture, but don’t let it!

401(k) 52

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

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.

401(k) 98

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

PeopleKeep

FEBRUARY 8, 2023

Many employers are familiar with account-based benefits like health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs). But some may not be as familiar with lifestyle spending accounts (LSAs), which are a relatively new benefit type.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Employment 98

WEX Inc.

JANUARY 8, 2021

Many employees took advantage of health and dependent care flexible spending accounts (FSAs) in 2020, only to see those funds languish unused as day cares closed and routine medical visits were put off to protect family members. New bill offers new options to employers, improving benefits of FSA.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Employment Medical 98

HR Lineup

MAY 11, 2023

PeopleKeep also provides flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and health savings accounts (HSAs) to help employees save money on healthcare expenses. One of the key features of PeopleKeep is its ease of use.

Flexible Spending Account 130

Flexible Spending Account Health Savings Account Benefits Package Flexible Spending 130

WEX Inc.

JANUARY 14, 2025

Schedule workshops or webinars to break down complex topics like: Health savings accounts (HSAs) Flexible spending accounts (FSAs) Retirement planning options Emphasize the total rewards picture Highlight how your benefits program fits into your companys total rewards strategy.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Retirement Plan 52

Money Talk

JUNE 29, 2022

In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexible spending accounts, financial goal progress, and investment portfolio status. Last year, I wrote a blog post about mid-year financial check-up s for the OneOp Personal Finance team.

401(k) 189

401(k) Out of Pocket Cost Flexible Spending Account Finance 189

Patriot Software

OCTOBER 19, 2022

Many employers use flexible spending accounts (FSAs) to help employees pay for their medical-related expenses. Years ago, the “use it or lose it” rule was the main guideline for how employees could spend their money. Under this rule, employees forfeit any leftover money to you at the end of their plan year.

Flexible Spending Account 98

Flexible Spending Account IT Flexible Spending Medical 98

InterWest Insurance Services

MARCH 22, 2022

Flexible spending account. Call us for more information on how you can set up a flexible benefit plan for your staff. There are several types of flexible benefit plans, including cafeteria plans and flexible spending accounts. Flexible spending accounts.

Flexible Spending Account 96

Flexible Spending Account 401(k) Flexible Spending Deductions 96

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. In addition to benefits administration, Businessolver recognizes the importance of employee engagement and wellbeing.

Flexible Spending Account 130

Flexible Spending Account Flexible Spending Retirement Plan Health Insurance 130

HR Lineup

FEBRUARY 9, 2023

The platform also offers a flexible spending account (FSA) option, allowing employees to set aside pre-tax dollars for eligible medical and dependent care expenses. With GoCo, employees have access to a comprehensive benefits marketplace where they can compare plans and select the best options for their individual needs.

Flexible Spending Account 130

Flexible Spending Account Comprehensive Benefits Flexible Spending Retirement Plan 130