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)? Just make sure you’re using your card somewhere that offers an Inventory Information Approval System (IIAS) or meets the IRS’ 90 percent rule. Check out our podcast episode below!

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Benefit Resource Inc.

FEBRUARY 13, 2024

Congratulations on enrolling in a Flexible Spending Account (FSA)! Let’s explore these questions and discover where to find the necessary information. Answering these questions ensures your documentation contains the necessary information to prove eligibility. Five Basic Questions for Receipt Acceptance 1.

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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. The information in this blog post is for educational purposes only. It is not legal, financial, or tax advice.

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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. The information in this blog post is for educational purposes only. It is not legal or tax advice.

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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. That includes: Our benefits card automatically approves any FSA purchases on eligible expenses when used at merchants with an Inventory Information Approval System (IIAS).

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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. The information in this blog post is for educational purposes only.

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WEX Inc.

JULY 9, 2023

A dependent care flexible spending account lets participants set aside pre-tax dollars to help pay for dependent care. The information in this blog post is for educational purposes only. It’s a smart way to save money on expenses such as childcare or elderly care for a dependent. It is not legal or tax advice.

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Benefit Resource Inc.

DECEMBER 16, 2022

If you have a Flexible Spending Account (FSA), you’re down to the wire on spending time for the year. Managing a Flexible Spending Account can be stressful, especially when you have excess funds. Consult your plan administrator or Plan Highlights for more information. Need help submitting receipts?

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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. The information in this blog post is for educational purposes only. Dental expenses can be a significant financial burden, especially when unexpected dental procedures arise.

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Medical Flexible Spending Account Health Savings Account Flexible Spending 98

Benefit Resource Inc.

JULY 31, 2023

Amidst the excitement, many may not know that their Flexible Spending Account (FSA) can be a valuable resource for purchasing back-to-school items. By understanding FSA eligibility and making informed choices, families can save money while ensuring they have everything they need to excel in the upcoming school year.

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Utilities Flexible Spending Account Flexible Spending Medical 52

Benefit Resource Inc.

APRIL 12, 2022

You’ll learn about the importance of keeping participants informed all year long. The post Register for Our Upcoming Webinar: How to Keep Participants Informed All Year Long appeared first on BRI | Benefit Resource. Open enrollment is likely in the rearview mirror for many, but communication is an ongoing process.

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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. EOB Smart Scan, which uses artificial intelligence (AI) to scan a participant’s Explanation of Benefits (EOB) and auto-fill necessary claim information. Download now!

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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. The information in this blog post is for educational purposes only. We break down FSA carryovers below. Read our blog posts on grace periods and run-out periods for the rest of the series.

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Qandle

JUNE 20, 2023

This includes employee details such as names, addresses, social security numbers, tax withholding information, bank account details for direct deposit, and any changes in employment status or compensation. This information will impact the calculation of employee pay. Ensure accuracy and verify any changes or updates.

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WEX Inc.

MAY 24, 2023

Employers should make a concerted effort to simplify the language used in communications to ensure employees can easily understand their options and make informed decisions. It’s about what a health savings account or a flexible spending account can do for them." They don't have background on it and then it's scary and daunting.”

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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? What is a FSA?

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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).

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Taxes 401(k) Deductions Deductible 262

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.

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HR Lineup

JUNE 15, 2023

It allows employees to explore and select their desired benefits packages from a wide range of options, including health insurance, retirement plans, flexible spending accounts, and more. The platform employs industry-leading encryption and data protection measures to safeguard sensitive employee information.

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Stratus.HR

OCTOBER 18, 2022

Once this information has been submitted, you will have an official meeting to discuss options. If you have an online open enrollment system, your IT (Information Technology) team will need 7-8 days to upload plans, rates, enrollment windows, enrollment rules, and more in the system. Administering a Flexible Spending Account (i.e.,

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WEX Inc.

SEPTEMBER 14, 2023

An informative blog , educational videos and savings and goal calculators make it easy for you to determine your plan elections. This is your best opportunity to discuss available plans with your employer and learn what has changed from the previous year. The “daily grind” can often get in the way of the big picture, but don’t let it!

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WEX Inc.

AUGUST 24, 2023

That could include on-site or virtual fair assistance, or opt-in opportunities for more information. It’s important not to lose sight of that when developing content and communicating that you offer a health savings account (HSA) , flexible spending account (FSA) , or any other benefits. Check out our infographic below.

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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. The information in this blog post is for educational purposes only. We’ve compiled some tips to help you if you participate in a WEX benefits plan.

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Benefits Notes

NOVEMBER 21, 2023

The IRS also announced the health savings account (HSA) and high deductible health plan (HDHP) annual deductible and out-of-pocket expense adjustments earlier this year in Revenue Procedure 2023-23 and the health flexible spending arrangement (Medical FSA) adjustments in Revenue Procedure 2023-34.

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WEX Inc.

FEBRUARY 2, 2023

Earlier this week, President Biden informed Congress that he plans to end the two COVID-19 national emergencies on May 11, 2023. FSAs and HRAs EBSA Disaster Relief Notice 2020-01 also granted a temporary extension to run-out periods for flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs).

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CorpStrat

JANUARY 22, 2024

Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs) These accounts can be used for various health-related expenses, offering tax advantages and helping your employees save money. Remember, a well-informed team is not only healthier but also more productive and engaged.

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Genesis HR Solutions

JANUARY 24, 2023

Get all the information in this guide. It should also include language about reporting unsafe conditions and potential hazards, and information about where employees can report accidents, etc. Unemployment compensation This policy informs employees that, should they be terminated, they may be eligible for benefits.

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Stratus.HR

NOVEMBER 30, 2020

If you’re planning your tax-sheltered income for 2021, the IRS did not increase the $2,750 limit you can contribute to a health Flexible Spending Account (FSA). Are over-the-counter medicines eligible expenses under a Flexible Spending Account (FSA or Flex Spending)? What is the 2021 health FSA contribution limit?

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WEX Inc.

JULY 20, 2023

HSA or FSA options Similar to the choice in health plans, many participants told us in the survey that they wanted to choose between either a health savings account (HSA) or a flexible spending account (FSA). The information in this blog post is for educational purposes only. It is not legal, financial, or tax advice.

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WEX Inc.

AUGUST 15, 2023

Understanding different medical plans To make an informed decision, it’s essential to understand various medical plans and how they relate to your life. HSAs and FSAs as an option Health savings accounts (HSAs) and flexible spending accounts (FSAs) are among the pre-tax accounts you can contribute funds to and save money on healthcare costs.

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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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HR Lineup

JUNE 14, 2023

With a mission to simplify the complexities of benefits enrollment and management, Empyrean offers innovative solutions that streamline the process for employers and empower employees to make informed decisions about their benefits. Empyrean also takes data security and privacy seriously.

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Benefit Resource Inc.

JANUARY 3, 2023

With a Flexible Spending Account (FSA), you can set aside up to $3,050 in pre-tax dollars per calendar year to pay for eligible medical expenses like doctor visits, hospitalizations, and prescription medications. Take Advantage of a Medical FSA. HRAs can be designed by an employer to fit a variety of needs and program designs.

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WEX Inc.

SEPTEMBER 12, 2023

Exploring HSAs and FSAs HSAs and medical flexible spending accounts (FSAs) let you save money because the funds you contribute to them are pre-tax. Subscribe to our blog to stay updated on all the benefits information! Funds you or your employer contribute to your HSA can help with this.

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Griffin Benefits

NOVEMBER 28, 2023

But employees who participate in flexible spending accounts need ample notice to take advantage of available funds, and there’s typically a 30-day, post-termination window for submitting receipts. Beyond the inconvenience of two open enrollment periods in the space of 12 months, this poses no major obstacles.

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The Olson Group

DECEMBER 9, 2021

Employees needing to update their information will need to fill out a new W-4. Cafeteria Plan and Flexible Spending Account (FSA) Plan Amendments. Prepare and Distribute Annual Compliance Notice. Your company maybe mandated to distribute certain compliance notices to your employees.

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HR Lineup

JUNE 9, 2023

This means that employers can easily manage various benefit plans, such as health insurance, retirement savings, flexible spending accounts, and more, all in one place. Employees can easily view and update their benefits information, access important documents and forms, and receive personalized notifications and reminders.

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