InterWest Insurance Services
DECEMBER 7, 2023
The IRS recently announced that the annual contribution limit for flexible spending accounts will rise to $3,200 in 2024, up $150 from this year. Also, employees will be able to carry over up to $640 next year into 2025 if they have funds left over in their account, if their employer allows it (it’s optional).
Higginbotham
JANUARY 27, 2023
Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile. However, many small employers decide to offer health insurance anyway. Health insurance matters to employees. Census Bureau says that 54.3
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Benefit Resource Inc.
APRIL 25, 2019
Insurance can be a bit of a pain to sign up for, but in the end, most people are happy they have it. However, there are times when insurance doesn’t cover the full cost of an expense. If you have an HSA but you want to let the balance build up, you can pair it with a Limited FSA to cover out of pocket vision and dental expenses.
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)? A medical FSA is a tax-advantaged employee benefit that gives participants the opportunity to save on out-of-pocket medical, dental, and vision eligible expenses.
InterWest Insurance Services
MARCH 4, 2022
As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Employers fund these accounts, which reimburse your staff for qualified medical expenses and, in some cases, insurance premiums. How HRAs work.
HR Digest
MAY 21, 2023
From mandated health insurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. Health insurance Those benefits provide a baseline of employee expectations. Health care flexible spending accounts 3. Health insurance 2. Dental or vision insurance 4.
InterWest Insurance Services
MARCH 22, 2022
Options can include: Health insurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. Flexible spending account. Call us for more information on how you can set up a flexible benefit plan for your staff. Flexible spending accounts.
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