McDermott Will & Emery Employee Benefits

MAY 17, 2023

Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2023-23) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2024.

Health Savings Account 70

Health Savings Account Deductions Deductible Employee Benefits 70

Benefit Resource Inc.

MARCH 31, 2023

As an employee with a Health Savings Account (HSA), knowing what you need to report during tax season is important. Do you have additional pre-tax accounts and have questions about their tax implications as well? Click Here The post Your Tax Guide to Health Savings Accounts appeared first on BRI | Benefit Resource.

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Health Savings Account Taxes Healthcare Medical 52

Benefit Resource Inc.

FEBRUARY 23, 2023

Health Savings Accounts (HSAs) are tax-advantaged accounts that allow you to pay for medical expenses now and in the future. Whether you already have an HSA or are looking at this account for the first time, BRI is here to share why we love this account so much. HSAs Are Not Use-It-Or-Lose.

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Health Savings Account 401(k) Retirement Plan Taxes 52

McDermott Will & Emery Employee Benefits

MAY 3, 2023

Although the end date of the NE was subsequently advanced to April 10, 2023, by Congressional resolution, the US Departments of Labor, Health and Human […] The post Preparing for the End of the COVID-19 Emergency: High-Deductible Health Plans and Health Savings Accounts appeared first on EMPLOYEE BENEFITS BLOG.

Health Savings Account 73

Health Savings Account Deductions Deductible Employee Benefits 73

McDermott Will & Emery Employee Benefits

APRIL 29, 2022

Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2022-24) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2023.

Health Savings Account 94

Health Savings Account Deductions Deductible Employee Benefits 94

Benefit Resource Inc.

DECEMBER 8, 2022

It’s the 19th birthday of Health Savings Accounts (HSAs), and they have been a game-changer in healthcare. They are one of the most powerful tools available to employers, employees, and their families when saving on healthcare costs. December 8th is a special day! Happy Birthday to HSAs. Happy Birthday, HSA!

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Health Savings Account Healthcare Taxes Flexible Spending 40

InterWest Insurance Services

FEBRUARY 11, 2024

June 18, 2024 12:00 PM – 1:00 PM JOIN US: InterWest is a proud sponsor of Summit Employee Benefits Online education. In partnership, we are offering access to the upcoming complimentary webinar. SESSION DETAILS: As more and more employers offer at least one HDHP option, employers play a role in educating their employees about HSAs.

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Health Savings Account Education Employee Benefits Employment 52

UMB: Emplooyee Benefits

AUGUST 27, 2021

Between the increased prioritization of health due to the COVID-19 pandemic and the continued rising cost of healthcare, this comes as no surprise. The post Now is the time for employers to boost health savings account participation appeared first on Financial insights for individuals and businesses.

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Health Savings Account Employment Healthcare Employee Benefits 52

WEX Inc.

MAY 22, 2019

When it comes to managing employee benefits, employers are frequently turning to high-deductible health plans to help control costs. But managing – and keeping up with – HSA requirements has its difficulties.

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Health Savings Account Deductions Deductible Healthcare 61

Employee Benefit News

JANUARY 18, 2023

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Health Savings Account 96

InterWest Insurance Services

AUGUST 26, 2023

WHEN: Tuesday, October 17, 2023 12:00 PM – 1:00 PM JOIN US: InterWest is a proud sponsor of Summit Employee Benefits Online education. In partnership, we are offering access to the upcoming complimentary webinar. SESSION DETAILS: In honor of October’s HSA awareness month, this month’s webinar will focus on HSAs.

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Health Savings Account Education Employee Benefits Employment 40

Employee Benefit News

MARCH 21, 2023

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Health Savings Account Employee Benefits Healthcare 91

Employee Benefit News

JULY 16, 2024

Employers can give their workforce a new outlook on the benefits of health savings accounts.

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Health Savings Account Employment Employee Benefits Healthcare 102

PayrollOrg

MAY 10, 2024

The IRS announced the 2025 maximum contribution levels for health savings accounts (HSAs) and out-of-pocket spending limits and deductible minimums for high deductible health plans that must be used in conjunction with HSAs.

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Health Savings Account Deductions Deductible 104

PeopleKeep

NOVEMBER 13, 2020

A common question employers ask us is: "Can an employer contribute to an employee's HSA?" There are two ways an employer can contribute to an HSA, but it’s important to understand the regulations to do so correctly.

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Health Savings Account Employment Human Resources 52

InterWest Insurance Services

JULY 11, 2024

The Department of Labor’s new fiduciary rule, which mainly applies to 401(k) plans, will also affect employers who offer their staff health savings accounts. The new rule, which takes effect September 2024, bars employers from providing advice to their workers on how they should invest the funds in the HSA they offer.

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401(k) Health Savings Account Employment Commissions 86

Winston Benefits

APRIL 7, 2016

Are there ways to protect our finances and our health? It’s nearly April 15 and many of us are thinking about our taxes. Is there something more we could be doing to ensure our financial wellness?

Health Savings Account 49

Health Savings Account Taxes Finance 49

WEX Inc.

MARCH 16, 2023

How much should I contribute to my health savings account (HSA) each month? If you’re covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $3,650 per year (in 2022) into your health savings account (HSA). What is an HSA?

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Health Savings Account Deductions Deductible Healthcare 98

WEX Inc.

JULY 9, 2024

Does your health savings account (HSA) have enough funds to carry you through the second half of the year? And, if it does, is there more you could be doing to grow those funds? Perform your HSA midyear check!

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Health Savings Account Healthcare Medical Taxes 97

WEX Inc.

OCTOBER 4, 2023

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses.

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

WEX Inc.

MAY 10, 2024

Health savings account (HSA) contribution limits are on the rise again in 2025. Key takeaways – 2025 HSA contribution limits 2025 HSA contribution limits will increase to $4,300 and $8,550 for self-only and family HSAs, respectively. 2025 HDHP minimum deductible and maximum out-of-pocket limits also are increasing.

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Health Savings Account Deductions Deductible Taxes 105

PeopleKeep

JULY 10, 2024

Health savings accounts (HSAs) and traditional health insurance plans are two common options for managing healthcare expenses, but they have some key differences. In this article, we'll go over how HSAs and health insurance compare. Healthcare costs can be a major concern for many employers and employees.

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Health Insurance Insurance Health Savings Account Healthcare 52

WEX Inc.

APRIL 25, 2024

This can make HDHPs a great option for saving on monthly payments. Health savings accounts Another great perk of HDHPs is they can be paired with health savings accounts (HSAs). An HSA is a tax-advantaged savings account that allows you to save money specifically for medical expenses.

Health Savings Account 52

Health Savings Account Deductions Deductible Out of Pocket Cost 52

WEX Inc.

MARCH 7, 2023

We wanted to share a few tips and reminders about the health savings account (HSA) information you’ll need for your tax return. WEX's HSA participants can find the tax forms related to their HSA under the “Message Center” tab of their online account. The season for filing taxes is upon us once again.

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Taxes Health Savings Account Deductions Deductible 98

InterWest Insurance Services

MARCH 7, 2024

If you have staff with health savings accounts, they still have until April 15 to make additional contributions to their accounts if they want to reduce their tax bills for last year. HSAs allow your employees to put away funds to pay for future medical expenses.

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401(k) Health Savings Account Pharmaceutical Deductions 85

Money Talk

JUNE 28, 2023

Consider completing the paperwork needed to save more money from July to December in your employer’s tax-deferred retirement savings plan. Even 1% more of pay in savings adds up over time. Health Savings Account (HSA) Tweak - By mid-year, you know what you already spent for health care services through June.

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Flexible Spending Account Banking Health Savings Account Finance 241

Employee Benefit News

APRIL 2, 2024

Help employees save money by educating them on contributions and eligible items for their health savings accounts.

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Health Savings Account Taxes Education Employee Benefits 70

Money Talk

JUNE 13, 2024

For example, you can hold investments for a year and a day or longer to qualify for lower long-term capital gains tax rates or consider tax-free investment vehicles such as Roth accounts and municipal bonds. Consult a Tax Professional - Consider consulting with a tax professional or financial advisor for personalized guidance and advice.

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Employee Benefits

JUNE 28, 2024

Two-fifths (44%) of Boomers aged 59 and above said pensions are most important, 46% of Gen X and Y workers aged 43-58 stated additional compensation, 31% of Millennials aged 27-42 answered health savings accounts, and 38% of Gen Z employees aged 18-26 said lifestyle compensation.

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Retirement Plan Health Savings Account Health Insurance Employment 88

Money Talk

APRIL 28, 2022

Health Savings Accounts - One study found that the tax savings on many employees’ contributions to a health savings account (HSA) increases wealth by more than an employer match on the same employees’ 401(k) contributions. listening to podcasts while walking).

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401(k) Health Savings Account Finance Retirement Plan 185

Benefit Resource Inc.

FEBRUARY 7, 2024

A key player in the balance between health and wealth is the health savings account (HSA). Understanding HSAs Health Savings Accounts are tax-advantaged savings accounts designed to help individuals and families with high-deductible health plans (HDHPs) cover medical expenses.

Health Savings Account 52

Health Savings Account Healthcare Deductions Deductible 52

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.

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PeopleKeep

OCTOBER 15, 2020

The primary options for companies looking to supplement their group health insurance plan are Section 105 plans , commonly known as group coverage HRAs (GCHRAs), and Section 125 plans , also known as cafeteria plans, which include health savings accounts (HSAs).

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Health Savings Account Health Insurance Insurance 98

WEX Inc.

AUGUST 7, 2023

Sunscreen can cost as much as $40 a bottle, but did you know you can actually use your health savings account (HSA) or medical flexible spending account (FSA) funds on many SPF-related expenses? The temperature is rising and summer is right around the corner! How’s your sunscreen stock?

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Flexible Spending Account Health Savings Account Flexible Spending Medical 98

PeopleKeep

AUGUST 4, 2021

Those are actually health codes that tell you which items on your receipt are qualifying medical expenses. In this article, we’ll help you understand how to read the codes on your receipts, where you can find them, and how they can help you more easily determine which items are HSA-, FSA-, and HRA-eligible.

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Medical Flexible Spending Account Health Savings Account Flexible Spending 98

PeopleKeep

JULY 28, 2023

Health savings accounts (HSAs) are a popular way to save funds for future medical expenses. However, many people are unaware of all the ways they can use their funds. While most use their HSA funds for their own medical costs, it's possible to use them for dependents' medical expenses as well.

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