Benefit Resource Inc.

NOVEMBER 6, 2023

These benefits not only help employees save money but also make it easier for them to invest in their well-being. FSA and HSA: By taking advantage of programs like Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs), employees can allocate a portion of their pre-tax earnings to cover essential health-related expenses.

Flexible Spending Account 90

Flexible Spending Account Flexible Spending Health Savings Account Food 90

Benefit Resource Inc.

NOVEMBER 15, 2023

The Role of Employee Benefits Employee benefits, such as Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Commuter Plans, and Specialty Accounts emerge as valuable tools in the toolbox of employers seeking to support their workforce during times of inflation.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

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

Benefit Resource Inc.

MARCH 31, 2022

Unlike Health Savings Accounts (HSAs) funds that roll over year after year, FSA funds follow the use-it-or-lose-it approach and will usually expire on December 31st of each year. Use-It-Or-Lose-It. You should become familiar with the details of your specific benefits plans in order to get the most out of your FSA funds.

Medical 75

Medical Flexible Spending Account Health Savings Account Flexible Spending 75

CorpStrat

JANUARY 22, 2024

A well-executed communication plan ensures that your employees are aware of the full range of benefits available to them, understand how to utilize them, and feel valued and supported. It’s worth checking out the specifics, as this can lead to significant savings. Hidden Gems In Your Employee Benefits Plan 1.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

BerniePortal

JUNE 22, 2020

With HSA contribution limits in mind, employees can maximize their healthcare savings and benefits by utilizing a few key tips when managing their health savings accounts.

Health Savings Account 52

Health Savings Account Utilities Healthcare Management 52

InterWest Insurance Services

JULY 13, 2023

Employers are also taking different steps to make health insurance more affordable for their staff, particularly those at the lower end of the wage spectrum: 15% of employers offer free employee-only coverage in at least one plan. These approaches deliver savings by focusing on the quality and efficiency of a provider network.

Employment 98

Employment Out of Pocket Cost Health Insurance Health Savings Account 98

Benefit Resource Inc.

JANUARY 16, 2020

If you’re a Beniversal Card holder, you may already know how easy it is to utilize pre-tax dollars. Pharmacies, doctors’ offices, and IIAS and 90% merchants can directly debit from employees FSA or HSA account. See more about how this feature works. Wider acceptance of funds by non-medical merchants.

Health Savings Account 73

Health Savings Account Flexible Spending Account Flexible Spending Taxes 73

Benefit Resource Inc.

FEBRUARY 14, 2022

That’s why employers should be offering medical and health-related benefits. A Medical Flexible Spending Account (Medical FSA), Health Savings Account (HSA), or Health Reimbursement Account (HRA) are great places to start.

401(k) 81

401(k) Flexible Spending Account Health Savings Account Benefits Package 81

Benefit Resource Inc.

NOVEMBER 29, 2023

Additionally, you may also already have a built-in savings option to pay for your COBRA premiums. A health savings account is not only an important component to paying for medical expenses today, but it is a tool you can use throughout retirement.

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401(k) Medical Retirement Plan Health Savings Account 98

PeopleStrategy

NOVEMBER 1, 2023

If applicable, provide information on Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) and how employees can contribute. Emails, printed materials, small group meetings, office hours, webinars, and utilizing other management leaders all should be considered as good ways to disperse information.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Utilities Flexible Spending 52

Benefit Resource Inc.

APRIL 6, 2023

It is crucial for employers to offer benefits programs that align with employees’ changing needs, while employees must take an active role in learning about and utilizing their benefits. As we observe National Employee Benefits Day, let us recommit to creating positive and supportive work environments that enable employees to thrive! *

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CorpStrat

DECEMBER 7, 2022

Some of these you’re already paying for but aren’t utilizing. There are also state-sponsored resources that offer tools to help consumers compare hospitals, health care facilities, and other providers in their state. For example, wellness points could be redeemed for health savings account contributions or reduced cost sharing.

Healthcare 52

Healthcare Health Savings Account Hospitality Health Insurance 52

Benefit Resource Inc.

JANUARY 3, 2022

Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). you can also use your saved HSA funds on qualified medical expenses. Revisit your Savings Goals. A new baby means increased costs, but don’t let this keep you from saving for the future.

Taxes 72

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

Winston Benefits

SEPTEMBER 23, 2019

Employees must know how to utilize their new benefits before the changes go into effect. Imagine the frustration an employee experiences trying to use an old card for a new health savings account. Typically you make changes that are calculated to benefit your employees.

Health Savings Account 40

Health Savings Account Utilities Education Employment 40

WEX Inc.

SEPTEMBER 6, 2023

Benefits: Encourages regular preventative care, promoting overall pet health. Can be a cost-effective option for pet owners who frequently utilize preventive services. Helps offset the costs of routine veterinary visits and preventative treatments. Peace of mind knowing that your pet is covered for life.

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Recruitment Flexible Spending Account Health Savings Account Medical 59

Benefit Resource Inc.

SEPTEMBER 2, 2020

FSAstore.com is the only e-commerce store that exclusively stocks thousands of FSA-eligible products to make it easier for account holders to utilize their tax-free benefits. Other websites powered by FSAstore include HSAstore.com (for health savings account users) and WellDeservedHealth.com (for those with wellness rewards).

Health Savings Account 97

Health Savings Account Banking Taxes Medical 97

BerniePortal

JANUARY 22, 2020

Employees are able to utilize the estimator to ensure they've withheld the correct amount of income tax from their paychecks. Review Health Savings Account. These savings accounts allow them to save money tax-free to spend on qualified medical expenses. Do your employees have the access to an HSA?

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Taxes Health Savings Account Health Insurance Medical 64

Higginbotham

DECEMBER 8, 2023

Examples of qualified benefits include group health insurance , adoption assistance, voluntary group insurance such as dental or vision , dependent care assistance, group term life insurance or Health Savings Accounts (HSAs). The tax savings are the main advantage for both employees and employers.

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Deductions Deductible Taxes Payroll 52

Benefit Resource Inc.

FEBRUARY 9, 2022

While a Health Savings Account (HSA) is not technically covered by COBRA, funds in the HSA are owned and may be used by the individual. 6) Utilizing the Exchange Works (and when you are eligible to enroll). 2) Timing Matters. COBRA rules outline certain events that must occur at set time periods.

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Family and Medical Leave Act Flexible Spending Account Health Savings Account Medical 45

Benefit Resource Inc.

DECEMBER 10, 2020

BRI employees are in a unique position; we handle pre-tax benefits administration for thousands of participants every year, and utilize the same plans we sell! Many of the plans focus on savings, financial wellness, and health. We wanted to share the main lessons BRI employees learned about financial wellness in 2020. .

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Health Savings Account Medical Taxes Deductions 45

PeopleKeep

DECEMBER 22, 2020

When utilized correctly, a cafeteria plan can increase take-home-pay without any change in expenditures. 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. This article provides an overview of how Section 125 cafeteria plans work.

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Take Home Pay Utilities Flexible Spending Account Health Savings Account 92

Benefit Resource Inc.

JUNE 28, 2022

While this may be bad news for the overall economy, it could actually be good news for those with a Health Savings Account (HSA). HSA’s are the only account to provide a triple-tax benefit. This helps provide a lot of relief to account holders, especially during economic shifts. What is an HSA?

Health Savings Account 40

Health Savings Account Taxes Medical Healthcare 40

Business Management Daily

SEPTEMBER 22, 2021

The survey results will help you prioritize the benefit changes or expansions that would be most impactful for your current employees so that you can utilize your benefits budget effectively. HSA benefit plans: A health savings account lets employees set aside money on a pre-tax basis to pay for qualified medical expenses.

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Employment Deductions Deductible Benefit Providers 90

Best Money Moves

MAY 9, 2018

By providing resources employees can utilize to improve their financial know-how you accomplish more than just boosting morale – you improve productivity. Flexible spending accounts (FSA) and health savings accounts (HSA) help employees prepare and pay for healthcare expenses.

Flexible Spending Account 46

Flexible Spending Account Health Savings Account Health Insurance Flexible Spending 46

Benefit Resource Inc.

DECEMBER 30, 2020

The extended grace period provides participants with up to 12-months to utilize remaining funds. However, if offering a Health Savings Account (HSA), it will be important that your plan allows for remaining FSA funds to roll into a Limited FSA for HSA-eligible employees. What should employers know about the carryover? .

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Flexible Spending Account Flexible Spending Health Savings Account Utilities 52

Benefit Resource Inc.

OCTOBER 17, 2019

If you have highly compensated employees who are utilizing benefit accounts, a sniff test can aid in making plan adjustments to keep your plan compliant. This question is most often related to Health Savings Accounts and Health Reimbursement Accounts. Employers need to determine their risk tolerance.

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Empuls

SEPTEMBER 28, 2023

Employers and employees need to work together by utilizing an effective communication channel and helping the management develop the most appropriate solutions to address these issues. In addition to these retirement perks, employees also receive a substantial $1,000 in health savings account funding.

Employment 40

Employment Health and Welfare Healthcare 401(k) 40

Higginbotham

MARCH 17, 2023

What are lifestyle spending accounts? While many employers are familiar with health savings accounts (HSAs) and flexible spending accounts (FSAs), lifestyle spending accounts (LSAs) are an emerging benefit that can provide flexible and personalized support to employees.

Health Insurance 52

Health Insurance Flexible Spending Account Insurance Benefits Package 52

Business Management Daily

JANUARY 5, 2021

Relief for health savings accounts and dependent care assistance plans. PPP loans originally covered payroll , rent, utilities, and similar costs. Expanded criteria for loans under the Paycheck Protection Program. Extensions of popular payroll tax provisions. Temporary disaster tax relief.

Family and Medical Leave Act 52

Family and Medical Leave Act Payroll 401(k) Taxes 52

Genesis HR Solutions

MAY 23, 2023

Utilizing software for recruitment. 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): An HSA is a savings account that lets employees set aside money on a pre-tax basis to pay for qualified medical expenses.

Insurance 40

Insurance PTO Flexible Spending Human Resources 40

Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 7, 2022

Plans utilizing this special rule should also remember to inform participants of any limitations they will impose in this regard. Plans should also keep in mind that this special rule relates only to the direct coverage option—the plan would still have to reimburse participants for the cost of other covered tests.

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Retail Manufacturing Medical Flexible Spending Account 52

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. But women's health comes with a cost especially when it comes to doctor's visits. No, that’s not the case.

Healthcare 40

Healthcare Medical Consulting Flexible Spending Account 40

PeopleKeep

APRIL 30, 2020

Medical reimbursement plans are IRS-approved health plans that allow for tax-free reimbursement for medical expenses. Medical reimbursement plans can be used alongside a group health insurance plan. Or, the medical reimbursement plan can be offered as the main health benefit plan, usually instead of a group health insurance plan.

Medical 56

Medical Flexible Spending Account Health Savings Account Health Insurance 56

Benefit Resource Inc.

OCTOBER 19, 2023

Additionally, when looking at internal BRI utilization metrics that indicate why participants are calling in, it’s evident that BRI’s effort to continuously improve has an impact. Based on BRI utilization metrics as of 9/1/23: 88.4% 29% submit online/mobile claims to access funds, while 7% still use paper claims.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Utilities Flexible Spending 52

Benefit Resource Inc.

JUNE 29, 2021

Now that you’ve explained (again) how insurance works, you get to begin the real work of teaching employees the difference between Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). It’s a totally different ball game. After all, isn’t that what we TPAs are for?).

401(k) 78

401(k) Deductions Deductible Flexible Spending Account 78

Benefit Resource Inc.

APRIL 27, 2021

So, don’t make them carry separate cards for their pre-tax health accounts and commuter benefits! A smart employee benefits card utilizes merchant, terminal, and card payment rules to create a simple, convenient payment experience. a Health Savings Account and Limited Purpose Flexible Spending Account).

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Employee Benefits Flexible Spending Account Health Savings Account Banking 53