Benefit Resource Inc.

JANUARY 16, 2020

So, how will this affect tax advantaged accounts like Flexible Spending Accounts and Health Reimbursement Accounts? In the coming years, it is likely that these accounts will incorporate wellness benefits. The net impact becomes a win-win for employees and employers. Read more about the changes here.

Health Savings Account 73

Health Savings Account Flexible Spending Account Flexible Spending Taxes 73

Benefit Resource Inc.

OCTOBER 30, 2018

According to the 2017 Benefits Communication Survey from Jellyvision, almost half of employees report enrolling in benefits as “always very stressful” That’s scary. in 2017 revealed several key areas within pre-tax benefits where participant understanding needs improvement. What makes enrolling in benefits stressful?

Flexible Spending Account 56

Flexible Spending Account Taxes Health Savings Account Flexible Spending 56

PeopleStrategy

NOVEMBER 7, 2017

In 2018, the cap for employee contributions to health care flexible spending accounts will increase to $2,650 , according to the Society for Human Resource Management. You should also ensure that you understand any changes to the allowance of employer contributions to FSAs in 2018. Did your data change with them?

Flexible Spending Account 58

Flexible Spending Account Taxes Flexible Spending Retirement Plan 58

Benefit Resource Inc.

DECEMBER 4, 2018

Diabetes equipment for staying on top of your blood sugar… Multiple diabetic supplies are available for purchase through your Flexible Spending Account. It was also listed as the #1 beauty breakthrough product of 2017 by Cosmo. Or your Health Savings Account*). Health technology pick: A glowing complexion.

Technology 45

Technology Flexible Spending Account Flexible Spending Health Savings Account 45

Higginbotham

NOVEMBER 2, 2022

The following commonly offered employee benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs); Health flexible spending accounts (FSAs); 401(k) plans; and. 19, the employer should ensure that it uses the newer version, which is instead marked as “Revised 10/20/2022.”

401(k) 52

401(k) Flexible Spending Account Health Savings Account Flexible Spending 52

Higginbotham

JULY 12, 2022

This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. According to the Commonwealth Fund , more than one in 20 Americans under the age of 64 spent at least $1,700 on out-of-pocket medical expenses in 2017. HRAs are owned by the employer.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductible 52

Benefit Resource Inc.

NOVEMBER 7, 2019

The first step is for employees to find out if their employer offers a company match for HSA contributions. If so, this can be an easy, fast way to grow funds in the account. According to research from Kaiser Family Foundation , on average, firms in 2017 contributed the following amounts to employee HSAs: HSA Single Coverage: $608.

Health Savings Account 49

Health Savings Account Flexible Spending Account Taxes Flexible Spending 49