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.

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Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 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. Fortunately, there are ways to increase your financial well-being through medical savings. FSAs can be combined with any health plan offering. What is an HSA? What is an FSA?

Medical 52

Medical Flexible Spending Account Health Savings Account Flexible Spending 52

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 98

Flexible Spending Account Health Savings Account Flexible Spending Healthcare 98

Benefit Resource Inc.

APRIL 7, 2023

Price Transparency Unearthing the price of health-related items is often more difficult (and frustrating) than it should be. 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.

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Taxes Flexible Spending Account Health Savings Account Flexible Spending 98

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

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

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. Health FSAs. . The new limits are set forth below.

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Transportation Flexible Spending Account Flexible Spending Health Savings Account 52

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. FSAs are employer-owned, meaning you may lose the funds if you change job or health plans.

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Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

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

Benefit Resource Inc.

NOVEMBER 6, 2023

These benefits not only help employees save money but also make it easier for them to invest in their well-being. 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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Flexible Spending Account Flexible Spending Health Savings Account Food 90

WEX Inc.

SEPTEMBER 21, 2023

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

Health 98

Health Flexible Spending Account Health Savings Account Flexible Spending 98

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.

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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.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Healthcare 52

WEX Inc.

AUGUST 15, 2023

For first-time health insurance and benefits electees, we’re kicking off a three-part blog series just for you to walk through considerations when making these decisions. For starters, let’s look at a few considerations when evaluating health plans for the first time. Consider whether you typically have low or high medical expenses.

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Deductions Deductible Healthcare Flexible Spending Account 98

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.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

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

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). Take advantage of your pre-tax benefits this year! Use-It-Or-Lose-It.

Medical 75

Medical Flexible Spending Account Health Savings Account Flexible Spending 75

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. Mental Health Support Mental wellness is crucial. Your plan likely includes access to mental health professionals, including counselors or therapists, often at no extra cost.

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.

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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.

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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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Flexible Spending Account Flexible Spending Health Savings Account IT 52

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.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Healthcare 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?

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Health Savings Account Flexible Spending Account Flexible Spending Taxes 73

WEX Inc.

APRIL 24, 2023

Traditional Health Plan Calculator , which lets you input your annual doctor visit and prescription expenses to see the plan that’s right for you. Pre-tax benefits savings Premiums aren’t the only way you can save on healthcare costs.

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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.

Employment 52

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WEX Inc.

FEBRUARY 23, 2023

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. We’ve compiled some tips to help you if you participate in a WEX benefits plan.

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

Benefit Resource Inc.

DECEMBER 20, 2021

As the end of 2021 and the plan year looms, it’s crucial to consider what you can do with any remaining funds in your Flexible Spending Account (FSA). Most of the funds in your FSA need to be spent before the end of the plan year because you may lose what you don’t spend.

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Flexible Spending Account Health Savings Account Flexible Spending Medical 75

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. How can we help you?

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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. Considering how much the average American is expected to need to cover healthcare costs in retirement, you might be wondering how much you should contribute to your HSA.

Education 52

Education Flexible Spending Account Health Savings Account Flexible Spending 52

AssuredPartners

OCTOBER 18, 2022

Included in this announcement, and of consequence to the employee benefits world, the IRS noted that the dollar limit maximum for employee contributions made on a pre-tax basis via salary reductions to health flexible spending accounts (FSAs) under a cafeteria plan will be modified for 2023.

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Healthcare Flexible Spending Account Health Savings Account Flexible Spending 52

HR Lineup

FEBRUARY 13, 2023

USI’s benefits offerings include a comprehensive suite of health insurance options, including medical, dental, and vision insurance. The company also offers flexible spending accounts (FSAs) and health savings accounts (HSAs) to help employees save money on healthcare costs.

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Employee Benefits Flexible Spending Account Disability Insurance Health Savings Account 52

AssuredPartners

NOVEMBER 12, 2021

Health Savings Accounts and High Deductible Health Plans. For 2022, the dollar limit cap is permitted to increase (by $100) from $2,750 to $2,850. 2021-45, for taxable plan years beginning in 2022, the monthly limitation for commuter benefits will increase by $10 from $270 to $280. Parking and Transit Limits (Per Month).

Healthcare 73

Healthcare Flexible Spending Account Health Savings Account Flexible Spending 73

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

Stratus.HR

OCTOBER 18, 2022

Administering a Flexible Spending Account (i.e., Flexible Spending Plans (FSAs) are a valuable benefit option that reduce employee tax burdens for out-of-pocket healthcare expenses. For a company of 50 employees, plan to spend 30-45 minutes each week on FSA administration duties alone. .

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Flexible Spending Flexible Spending Account Health Savings Account Healthcare 52

Benefit Resource Inc.

JANUARY 3, 2023

Taking advantage of pre-tax benefits offered through work will help increase your financial security while providing peace of mind knowing that you are taking proactive steps towards prioritizing your health this year. Take Advantage of a Medical FSA. That’s more money in your pocket! Maximize Your HSA.

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Health Consultants Group

OCTOBER 1, 2021

Based on SHRM’s research, benefits that supported remote work, caregiving, and health became essential during the pandemic. Healthcare, including mental health, telemedicine services, and wellness. Accident and Health Benefits . Health Savings Accounts. These include: . Adoption Benefits.

Employee Benefits 86

Employee Benefits Family and Medical Leave Act Flexible Spending Account Health Savings Account 86

WEX Inc.

APRIL 12, 2023

Health saving accounts (HSAs) offer an excellent opportunity for participants to save money on healthcare expenses and for employers to support their employees’ wellness needs in a cost-efficient way. But there are HSA rules and regulations you and your employees need to follow in order to stay compliant.

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