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17 Surprising Ways to Use your Medical FSA Funds

Benefit Resource Inc.

Health and medical expenses are covered by a Flexible Spending Account or Medical FSA to promote general well-being. As an FSA account holder, you have access to your entire annual amount as soon as you choose it, and it can be used for medical, dental & vision costs. Take advantage of your pre-tax benefits this year!

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Increase Your Financial Well-Being Through Medical Savings

Benefit Resource Inc.

One such way is by utilizing health savings accounts (HSAs) and flexible spending accounts (FSAs). Flexible Spending Accounts are designed to provide employees with an opportunity to set aside funds on a pre-tax basis to pay for eligible out-of-pocket medical expenses. What is an HSA? What is an FSA?

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4 Life Hacks to Extend the Value of Your Benefits

Benefit Resource Inc.

This essentially means you are paying premiums that likely exceed the services that you will utilize. You would be better off enrolling in a Limited FSA which can be used to directly pay out-of-pocket dental and vision expenses.

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6 Things Employees Should Understand About COBRA Coverage

Benefit Resource Inc.

This includes: medical, dental, vision, Medical Flexible Spending Accounts (Medical FSAs) and Health Reimbursement Accounts (HRAs). 6) Utilizing the Exchange Works (and when you are eligible to enroll). COBRA coverage is available for more than just medical insurance.

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Hiring Trends To Be Aware Of In 2023

Genesis HR Solutions

Utilizing software for recruitment. Flexible Spending Account (FSA): An FSA (also known as a flexible spending arrangement) is a special account employees put money into that they use to pay for certain out-of-pocket health care costs.

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Open enrollment checklist for employers

Business Management Daily

The survey results will help you prioritize the benefit changes or expansions that would be most impactful for your current employees so that you can utilize your benefits budget effectively. Many businesses start out with basic health plans and then add on dental and vision once they’re able to. Stay organized.

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How Does an Employee Benefits Survey Help a Company Grow?

Vantage Circle

Coverage: How adequately do our health insurance plans cover your needs related to doctors’ visits, prescriptions, dental, vision, etc.? How likely would you utilize an onsite daycare facility if made available at a subsidized rate? How frequently have you utilized our insurance plans?