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Increase Your Financial Well-Being Through Medical Savings

Benefit Resource Inc.

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. How Do They Help with Medical Savings? What is an HSA? What is an FSA?

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Bupa Global and UK introduces health benefits for 15,000 frontline staff

Employee Benefits

It is available from day one of employment for permanent staff and is cost-free due to the tax benefit being paid on their behalf, so as to not impact their take-home pay. The programme’s aim is to enhance health benefits and medical cover for employees worldwide throughout 2023.

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5 ways to alleviate your employees' hesitations with choosing in an FSA

WEX Inc.

Some individuals may be wary of reducing their take-home pay, especially if they are already on a tight budget. Illustrate how pre-tax contributions lead to significant savings over time, effectively reducing the impact on take-home pay. What you can do: Highlight the flexibility of FSAs.

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Employees and Employers Save with Cafeteria Plans

InterWest Insurance Services

As health care costs continue rising and employees are being asked to shoulder more of the expense burden, you can help them by offering a tax-advantaged plan that allows them to save for medical expenses. Employees can save an average of 30% in federal, state and local taxes on items they already pay for out of pocket.

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Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

Cafeteria plans are particularly good for participants who have regular expenses related to medical issues and childcare. Besides the fact that your employees use money that hasn’t been taxed to pay for these benefits, the payroll deductions for them also reduce their taxable income while raising take-home pay.

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The benefits offered by Wave

Employee Benefits

Employees can contribute as much as they wish as long as it does not take their take-home pay below the minimum wage. Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer.

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Having a Baby? Use Your Pre-Tax Funds to Save

Benefit Resource Inc.

Fertility trackers and treatments Ovulation tests Pregnancy tests Some over the counter medications Prescriptions related to family planning Prenatal vitamins. Since we had contributed pre-tax to our HSA before birth our take home pay was lower. you can also use your saved HSA funds on qualified medical expenses.

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