Benefit Resource Inc.

MARCH 28, 2024

From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. Know Your Pre-Tax Benefit Options Flexible spending accounts (FSAs): An FSA allows you to set aside pre-tax dollars for eligible healthcare expenses.

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Flexible Spending Account 401(k) 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. Make sure to explain these benefits and emphasize that employees should only spend what they can.

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

PeopleKeep

AUGUST 16, 2021

If your employer offers a health reimbursement arrangement (HRA), then you have access to a unique health benefit that empowers you to make your own healthcare choices in ways a traditional group health insurance plan doesn’t.

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Flexible Spending Account Flexible Spending Health Insurance 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.

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Flexible Spending Account Health Savings Account Flexible Spending Healthcare 98

BerniePortal

JULY 24, 2020

From service animal training to sleep deprivation treatment, these six medical products and services are eligible to be purchased using a wide variety of flexible spending accounts (FSAs).

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Flexible Spending Account Healthcare Flexible Spending Medical 75

HR Lineup

MAY 9, 2023

Pazcare is an innovative healthcare company that provides a comprehensive suite of digital healthcare solutions. The platform is designed to help medical professionals and patients manage healthcare needs more efficiently, utilizing technology to improve the overall healthcare experience.

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401(k) Flexible Spending Account Health Insurance PTO 52

WEX Inc.

MAY 31, 2023

For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are opportunities to save money on these expenses. Using your HSA or FSA to pay for teeth cleaning can be a smart way to maximize your healthcare dollars while taking care of your oral health.

Medical 98

Medical Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

AUGUST 15, 2023

Assess your annual expenses Understanding your annual healthcare expenses is a fundamental step in selecting the right health plan. Think about your healthcare priorities, such as prescription medications, specialist visits, mental health services, or maternity coverage. Consider whether you typically have low or high medical expenses.

Deductions 98

Deductions Deductible Healthcare Flexible Spending Account 98

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. Savings potential: HSAs and FSAs establish a strong financial cushion for anticipated healthcare needs.

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Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

Employee Benefits

OCTOBER 19, 2023

” Cummins also offers its employees a pension scheme, medical, dental and life Insurance, a profit share scheme, healthcare benefits, parental leave, adoption assistance, flexible-working arrangements, a flexible spending account and an employee share purchase scheme.

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Flexible Spending Account Parental Leave Flexible Spending Life Insurance 59

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. So what is the use-or-lose rule?

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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.

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

Business Management Daily

NOVEMBER 15, 2021

Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. These funds are placed in an FSA account that employees can use to pay for eligible expenses. Healthcare FSA. The most commonly used FSA is the healthcare FSA.

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Flexible Spending Account Flexible Spending Medical Healthcare 98

Proskauer's Employee Benefits & Executive Compensa

OCTOBER 21, 2022

On October 18th, the IRS announced a slew of inflation adjustments for 2023, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The new limits are set forth below.

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Transportation Flexible Spending Account Flexible Spending Health Savings Account 52

PeopleKeep

JANUARY 18, 2023

Gaining in popularity as a type of consumer driven health plans (CDHPs), health reimbursement arrangements (HRAs) allow employees to take better charge of their healthcare and budget for themselves and their families. But if you’re new to this type of benefit, you may have questions about whether any special rules apply to HRAs.

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Flexible Spending Account Health Savings Account Flexible Spending Healthcare 52

Benefit Resource Inc.

APRIL 18, 2023

The cost of healthcare can be daunting, especially for those who do not have adequate insurance coverage or savings to cover medical expenses. One such way is by utilizing health savings accounts (HSAs) and flexible spending accounts (FSAs). This will help you determine how much to contribute to your account.

Medical 52

Medical 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.

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Benefit Resource Inc.

NOVEMBER 15, 2023

The Role of Employee Benefits Employee benefits, such as Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Commuter Plans, and Specialty Accounts emerge as valuable tools in the toolbox of employers seeking to support their workforce during times of inflation.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

JULY 19, 2023

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. As employers work to navigate these uncertain times, offering effective and comprehensive benefits packages have become a priority.

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Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

CorpStrat

JANUARY 22, 2024

This means your employees can consult healthcare professionals from the comfort of their homes, saving time and reducing the need for in-person visits. Family and Dependent Care Coverage often extends to dependents, ensuring that your employees’ loved ones also have access to quality healthcare.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

APRIL 7, 2023

But with price transparency tools like GoodRx and Healthcare Bluebook , you can find the product you need at a price that’s clear at the start. Savings If you have a pre-tax benefit account like a Flexible Spending Account , Health Savings Account , or Commuter Benefit Account , you’re already ahead of the game.

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WEX Inc.

AUGUST 29, 2023

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

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Flexible Spending Account Health Savings Account Flexible Spending Medical 98

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. Are you preparing to send your kids back to school soon?

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Flexible Spending Account Health Savings Account Flexible Spending Medical 98

BerniePortal

JUNE 23, 2020

For healthcare, one of the most common questions that may come up is the difference between health savings accounts (HSAs) and flexible spending accounts (FSAs). Discover the meaning behind both—and why they matter.

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Flexible Spending Account Health Savings Account Flexible Spending Healthcare 83

WEX Inc.

SEPTEMBER 21, 2023

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

Health 98

Health Flexible Spending Account Health Savings Account Flexible Spending 98

CorpStrat

FEBRUARY 22, 2023

One of the biggest financial challenges people in the US are facing is whether or not they’re able to afford healthcare. Healthcare costs have risen faster than inflation. It’s no wonder that they’re struggling. In 2023, having some money set aside to cover these out-of-pocket costs is critical for most employees.

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Flexible Spending Account Out of Pocket Cost Flexible Spending Deductions 52

Benefit Resource Inc.

JUNE 20, 2023

Luckily, if you have a Flexible Spending Account (FSA), you can use it to save money on some summer essentials! FSAs allow you to set aside pre-tax dollars for healthcare expenses each year, and many products and services are FSA-eligible. While we all love the warm weather and longer days, summer can also be expensive.

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Flexible Spending Account Flexible Spending Healthcare Taxes 98

Benefit Resource Inc.

NOVEMBER 6, 2023

FSA and HSA: By taking advantage of programs like Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs), employees can allocate a portion of their pre-tax earnings to cover essential health-related expenses.

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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 52

Flexible Spending Account Health Savings Account Benefits Package Flexible Spending 52

Benefit Resource Inc.

MAY 2, 2023

Significant areas of focus are healthcare costs and pre-tax benefits. Offering pre-tax benefits First, if employee benefits aren’t already offered, employers can help alleviate the financial burden of healthcare costs for their employees by providing pre-tax benefits.

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BerniePortal

JULY 11, 2021

For healthcare, one of the most common questions that may come up is whether or not users can own both a health savings account (HSA) and a flexible spending accounts (FSA). Find out what users need to know about using HSAs and FSAs together.

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Flexible Spending Account Health Savings Account Flexible Spending Healthcare 52

Benefit Resource Inc.

JUNE 1, 2023

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. You also still receive a tax write off.

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Flexible Spending Account Healthcare Health Savings Account Deductions 52

Benefit Resource Inc.

MARCH 31, 2022

Health and medical expenses are covered by a Flexible Spending Account or Medical FSA to promote general well-being. These accounts are used to cover health and medical expenses both for you and your dependents (usually children). You may be able to save on routine expenses, like preventative healthcare costs.

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WEX Inc.

AUGUST 14, 2023

A flexible spending account (FSA) carryover is one way you can provide flexibility to employees who participate in these accounts. We break down FSA carryovers below. Read our blog posts on grace periods and run-out periods for the rest of the series. Can FSA funds carry over to next year?

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Best Money Moves

OCTOBER 13, 2023

In addition to cultivating a better work environment, according to the same Zippia study, 72% of employers saw a reduction in their healthcare costs after implementing these programs. Common incentives for participation include cash bonuses, reducing contributions towards health insurance and providing a flexible spending account.

Employee Wellness 101

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WEX Inc.

MAY 4, 2023

The IRS requires your flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense.

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Flexible Spending Account Flexible Spending Taxes Medical 98

Benefit Resource Inc.

APRIL 11, 2023

The COVID-19 pandemic has wreaked havoc globally, challenging leaders and healthcare professionals at every turn. Future-proofing Health Care Policies As the world transitions to post-pandemic healthcare, it’s as important as ever for employers to keep their healthcare policies and benefits future-proof.

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