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Navigating HSAs and the Health, Wealth, and Wellness Triangle

Benefit Resource Inc.

The Health, Wealth, Wellness Triangle has emerged as a framework that acknowledges the interconnectedness of personal health, financial stability, and overall wellness. The Health Component A cornerstone of the Health, Wealth, Wellness Triangle is, unsurprisingly, health itself.

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Spring Cleaning with Your Eligible Expenses

Benefit Resource Inc.

This is a great opportunity to review your expenses and ensure you’re taking advantage of all the ways you can save on healthcare expenses. Additionally, your employer may offer seminars or workshops on topics like eligible expenses, tax savings, and healthcare planning.

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Should I Enroll in a High Deductible Health Plan with an HSA?

Stratus.HR

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? Does our HDHP cover preventative care?

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How a group coverage HRA and an HSA compare

PeopleKeep

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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How to tell if your HDHP is HSA-qualified

PeopleKeep

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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3 questions employees should ask before Open Enrollment 2020

Benefit Resource Inc.

Healthcare is complicated, so how can you get the most out of Open Enrollment 2020? Question 1: What were my healthcare expenses last year? Determine, at a 2,000 foot level, what your expenses were in the healthcare category. Add an extra 10-20% to your estimated costs to account for unexpected expenses.

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FSA eligible expenses — what purchases count?

Business Management Daily

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.