WEX Inc.

SEPTEMBER 7, 2023

Some individuals may be wary of reducing their take-home pay, especially if they are already on a tight budget. What you can do: Address this concern by emphasizing the savings potential of an FSA. Illustrate how pre-tax contributions lead to significant savings over time, effectively reducing the impact on take-home pay.

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

Benefit Resource Inc.

APRIL 18, 2023

The cost of healthcare can be daunting, especially for those who do not have adequate insurance coverage or savings to cover medical expenses. Fortunately, there are ways to increase your financial well-being through medical savings. One such way is by utilizing health savings accounts (HSAs) and flexible spending accounts (FSAs).

Medical 52

Medical Flexible Spending Account Health Savings Account Flexible Spending 52

Assurance Agency

SEPTEMBER 17, 2021

We’ve rounded up a few resources for employers to review and share with your employees to help them learn more about saving for their future: Small Change, Big Impact The industry recommended retirement savings rate is about 11-15% of compensation, but getting there can be difficult.

Health Savings Account 52

Health Savings Account Take Home Pay Retirement Plan Taxes 52

PeopleKeep

DECEMBER 22, 2020

Many working Americans have access to a Section 125 Cafeteria Plan at some point during their working career, yet many do not take full advantage of them. When utilized correctly, a cafeteria plan can increase take-home-pay without any change in expenditures.

Take Home Pay 103

Take Home Pay Utilities Flexible Spending Account Health Savings Account 103

Benefit Resource Inc.

JANUARY 3, 2022

Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). Since we had contributed pre-tax to our HSA before birth our take home pay was lower. And, that doesn’t consider the care needed before a child’s birth or what to expect after.

Taxes 72

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

Insperity

AUGUST 10, 2011

Boyle advises that before you start shopping, you need to determine how much money you’re willing and able to spend on your health care plan. Employees aren’t going to opt in to a medical plan that cuts far into their take-home pay. But you’re not the only one with a budget. This can quickly narrow down your choices.

Health and Welfare 40

Health and Welfare Deductions Deductible Out of Pocket Cost 40

Empuls

JULY 11, 2023

By reducing the taxable portion of their income, employees can effectively increase their take-home pay. This allows them to allocate more funds toward their financial goals, whether it be saving for retirement, paying for education, or meeting daily expenses. Connect with our employee perks and benefit experts.

Employee Benefits 40

Employee Benefits Flexible Spending Account roth 401(k) 401(k) 40