Genesis HR Solutions

SEPTEMBER 21, 2021

As one of the most expensive aspects of running a small business, health insurance is top of mind for many employers. What is the best way to provide insurance? Should you provide insurance at all? Why Health Insurance For Small Businesses Matters. Health Insurance For Small Business Owners: 4 Options.

Health Insurance 52

Health Insurance Insurance 401(k) Insurance Carriers 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. Be mindful of health insurance enrollment periods.

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Deductions Deductible Healthcare Flexible Spending Account 98

Benefit Resource Inc.

JANUARY 16, 2024

Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are two of the most effective instruments for optimizing health savings and financial flexibility for both employers and employees among the different components of a comprehensive benefits strategy.

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Benefits Package Flexible Spending Account Health Savings Account Flexible Spending 52

PeopleKeep

MARCH 14, 2022

Many organizations provide a health savings account (HSA) to their employees to offset rising healthcare costs. While HSAs are employee-owned accounts, many employers wonder if they can contribute to their employees’ HSAs, and—if so—how much. But employer contributions to HSA rules can be challenging to manage.

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Health Savings Account Employment Benefits Package Healthcare 98

PeopleKeep

NOVEMBER 12, 2021

If you’re looking to supplement your organization’s group health insurance plan to help cover your employees’ out-of-pocket costs, you have two main options: Section 105 plans , such as the group coverage HRAs (GCHRAs), and Section 125 cafeteria plans , such as health savings accounts (HSAs).

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Health Savings Account Out of Pocket Cost Health Insurance Deductions 52

Corporate Synergies

FEBRUARY 11, 2019

A new father outlines requirements with his Baby Health Insurance Playbook. The same can be said for insuring a new dependent. To plan for newborn healthcare benefits, parents need a baby health insurance playbook. The Baby Health Insurance Playbook isn’t really a book. As Seen In.

Health Insurance 47

Health Insurance Insurance Insurance Carriers Out of Pocket Cost 47

PeopleKeep

OCTOBER 29, 2021

Employers offering a high deductible health plan (HDHP) have several ways to offset the higher out-of-pocket costs and make the benefit more meaningful for employees. One way is to offer a health savings account (HSA) alongside the HDHP. So how do you know if your HDHP is HSA-qualified?

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Out of Pocket Cost Health Savings Account Health Insurance Deductions 52

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. In addition to its benefits offerings, PeopleKeep also provides a range of educational resources to help businesses understand the complexities of healthcare benefits.

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Flexible Spending Account Health Savings Account Benefits Package Flexible Spending 52

BerniePortal

DECEMBER 20, 2021

Of course, not all medical expenses are covered by an individual’s health insurance plan. A health savings account is an excellent employee benefit to accompany a high-deductible health plan, and account-holders should be encouraged to take advantage of these tax-free funds.

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Health Savings Account Health Insurance Deductions Deductible 96

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.

Employee Benefits 52

Employee Benefits Flexible Spending Account Disability Insurance Health Savings Account 52

PeopleKeep

FEBRUARY 9, 2022

A health savings account (HSA) is an employee-owned account designed to set aside pre-tax money to pay for qualified medical expenses such as deductibles, copayments, coinsurance, and other out-of-pocket expenses included in IRS publication 502.

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Health Savings Account Deductions Deductible Healthcare 98

Health Consultants Group

OCTOBER 1, 2021

Healthcare, including mental health, telemedicine services, and wellness. Employees still want traditional options such as retirement plans, educational assistance, and health insurance. Accident and Health Benefits . Group-term life insurance . Health Savings Accounts. These include: .

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

COMPackage

AUGUST 10, 2023

Nearly all US companies guarantee access to 401(k) and health insurance. Many administrators often think that this time off is a part of an employee’s pay, but is it really any different than health insurance? And every employer wants to stand out with their employee benefits.

401(k) 52

401(k) Health Savings Account Health Insurance PTO 52

BerniePortal

MAY 11, 2021

The IRS recently issued new 2022 contribution limits for health savings accounts (HSA), which represent the total amount of tax-advantaged dollars that participants can deposit into these accounts. Find out what these limits are and how employers can alert employees about the changes.

Health Savings Account 81

Health Savings Account Health Insurance Deductions Deductible 81

BerniePortal

JUNE 23, 2021

Changing life events in the middle of the year usually means changes to your health insurance plan. If an employee enrolls in a high-deductible health plan (HDHP) mid-year, how does that affect the amount they can contribute to their health savings account (HSA)?

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Health Savings Account Health Insurance Employee Enrollments Deductions 64

WEX Inc.

JANUARY 4, 2023

COBRA can provide important health insurance security when you’ve experienced job loss or another qualifying event. And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility. You don’t have any disqualifying coverage (such as an FSA).

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

PeopleStrategy

JULY 8, 2019

According to a recent survey , 35 percent of employees don’t understand their healthcare coverage, and another 33 percent don’t understand their medical bills. And, sadly, almost two-thirds (62 percent) of survey participants said their employer is not a resource for healthcare-related questions.

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Health Savings Account Deductions Deductible Healthcare 82

Business Management Daily

APRIL 25, 2024

Other non-taxable benefits can include: Achievement awards Adoption assistance Child/dependent care and assistance Tuition reimbursement or education assistance Employee stock options Health Savings Accounts (HSAs) Retirement planning services Meals Another non-taxable category is known as de minimis (minimal) benefits.

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Taxes Retirement Plan Employee Stock Option Bonuses 52

Benefit Resource Inc.

NOVEMBER 22, 2022

There are several different types of pre-tax benefits that you may be eligible for, including Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), and Commuter Benefits. Each type of benefit can help you save money in different ways. Give Thanks for Great Benefits.

Employee Benefits 52

Employee Benefits Flexible Spending Account Flexible Spending Health Savings Account 52

BerniePortal

JANUARY 22, 2020

Employee Healthcare Reminders: This time of year typically creates a lot of consumer confusion, and getting all the facts straight can be tricky. Report health insurance Do your employees have coverage through your workplace? Report health insurance Do your employees have coverage through your workplace?

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Taxes Health Savings Account Health Insurance Medical 64

Business Management Daily

NOVEMBER 15, 2021

While flexible spending accounts are typically associated with medical costs there are a couple of different types of FSAs. Healthcare FSA. The most commonly used FSA is the healthcare FSA. The maximum that an employee may contribute to a healthcare FSA is $2,750. Healthcare FSAs. Pregnancy tests.

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Flexible Spending Account Flexible Spending Medical Healthcare 98

Business Management Daily

SEPTEMBER 22, 2021

Employees get to select a new plan for their health insurance and opt into other employee benefits for the next year. This is generally the only time health coverage changes are allowed aside from onboarding or family changes (such as marriage, divorce, or the birth of a child). It’s almost that time of year again!

Employment 90

Employment Benefit Providers Deductions Deductible 90

Best Money Moves

JULY 8, 2020

3 Health Insurance Benefits. Employers who don’t offer health insurance might want to reconsider and employers who do should audit their healthcare offerings to determine the out of pocket costs of deductibles, prescriptions, copays and then work with benefits brokers to provide better coverage. . 4 Paid Time Off.

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Employee Benefits Out of Pocket Cost Flexible Spending Account Health Insurance 105

Benefit Resource Inc.

JUNE 6, 2019

Screening mammograms are free through almost every insurance plan. From ACA marketplace insurance, to private and group health insurance. Thankfully, she was able to pay through our Health Savings Account (HSA) with her benefits card. 4 Steps to be a Smart Healthcare Consumer.

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Out of Pocket Cost Health Savings Account Mining Healthcare 61

Corporate Synergies

AUGUST 6, 2018

Educate employees on how to use these funds for current and future healthcare expenses. Health savings accounts can be a good deal for employees. Employers that have gone the HDHP route typically offer a qualified plan that includes a health savings account to help pay for qualifying medical expenses tax-free.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Benefit Resource Inc.

JANUARY 3, 2022

Even with health insurance, labor and delivery can cost around $5,000, and without insurance, it can be upwards of $40,000. Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). The cost of having a baby is no small fee.

Taxes 72

Taxes 401(k) Out of Pocket Cost Health Savings Account 72

Business Management Daily

SEPTEMBER 15, 2021

Someone definitely could view an employee benefits package that lacks health insurance or paid sick days as a reason to not accept an offer of employment. To aid in the decision-making process, though, here’s a closer look at various types of employee benefits : Health insurance. Health Savings Accounts.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Benefit Resource Inc.

OCTOBER 24, 2019

In other words, how to answer the question: “How do I make an informed healthcare decision that I won’t regret later?” But for those who don’t live in a daily world of healthcare jargon, what are out of pocket expenses? Type of Insurance Plan. Pre-tax Account You Can Enroll In*.

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Out of Pocket Cost Flexible Spending Account Flexible Spending Health Savings Account 45

Benefits Notes

FEBRUARY 9, 2022

Examples include online or telephone ordering, and may be provided through a pharmacy or retailer, the plan or health insurance issuer directly, or any other entity on behalf of the plan. Reasonable shipping costs related to the OTC COVID-19 tests must be covered by the plan or issuer.

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Retail Medical 40

Best Money Moves

MAY 9, 2018

Flexible spending accounts (FSA) and health savings accounts (HSA) help employees prepare and pay for healthcare expenses. Self-Funded Health Insurance. Smaller employers are reducing costs, gaining plan flexibility, and keeping employees happy by self-funding health insurance.

Flexible Spending Account 46

Flexible Spending Account Health Savings Account Health Insurance Flexible Spending 46

Benefit Resource Inc.

OCTOBER 11, 2018

Health Savings Account. A Health Savings Account is the only pre-tax benefit account that offers a triple tax benefit. Additionally, unlike other pre-tax accounts, an HSA does not have a specific window in which funds must be used. However, the two accounts are entirely separate.

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Taxes Health Savings Account Medical Deductions 74

Genesis HR Solutions

SEPTEMBER 22, 2020

Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside. Health Savings Account (HSA). Critical Illness Insurance. Hospital Insurance. Hospital insurance is health insurance for hospital costs.

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401(k) Employee Benefits Disability Insurance roth 401(k) 98

Genesis HR Solutions

AUGUST 13, 2019

If you’ve been around small to midsize businesses for any amount of time over the last decade, you’ve no doubt seen or experienced the frustrations of navigating health insurance. And those players often come armed with health insurance options that small businesses like yours don’t have access to or can’t afford to offer on your own.

Health Insurance 40

Health Insurance 401(k) Insurance Insurance Carriers 40

Corporate Synergies

AUGUST 15, 2018

1 And 66% of Baby Boomers are working past their retirement age for a variety of reasons: Some can’t afford to retire, particularly with the looming high costs of healthcare; others may choose to work longer to keep their brains active or because they fear the adjustment to a less structured lifestyle. Census Bureau. It’s complicated.

401(k) 40

401(k) Education Health Savings Account Employment 40

Empuls

OCTOBER 11, 2023

A common notion amongst many employees as well as employers is that health and wellness stipends are insurance policies that are bought by the employer for the employees. Putting that aside, however, here are a few perks you can offer in the name of smart healthcare to your employees. No, that’s not the case.

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Healthcare Medical Consulting Flexible Spending Account 40

BerniePortal

JANUARY 30, 2020

Get specific: Do you understand the differences in the health insurance options? Were you aware that we have a health savings account? That's why it's crucial to educate employees on these valuable benefits. Your first task should include asking if employees understand their benefits.

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Benefits Package Recruitment Health Savings Account Health Insurance 52

Stratus.HR

JUNE 11, 2021

High Deductible Health Plans (HDHP) and Health Savings Accounts (HSA) are growing more and more popular each year. Considering they have lower premiums and provide the ability to use pre-tax dollars to pay for out-of-pocket costs, what’s not to love?

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Deductions Deductible Out of Pocket Cost Health Savings Account 76