InterWest Insurance Services

JUNE 22, 2022

A new study has found that many people in employer-sponsored health plans are enrolling in plans that are costing them more than they ought to be paying. Many employees choose pricey plans with low deductibles, which force them to spend more up front on premiums to save just a few hundred dollars on their deductible. Strategies.

Deductible 98

Deductible Deductions Pharmaceutical Health Savings Account 98

Benefit Resource Inc.

APRIL 2, 2019

Health Savings Accounts (or HSAs) are taking a seat at the benefits table. According to the Devenir 2018 Year-end HSA Research Report , there are an estimated 25 million HSA accounts (up approximately 13% from a year ago). However, not everyone is sold on these accounts. You own your HSA (not your employer).

Health Savings Account 77

Health Savings Account Taxes Deductible Deductions 77

Benefit Resource Inc.

MARCH 20, 2019

Households released in May 2018. The report provides insight into the financial health of families across America, examining factors like employment, student loans, and retirement. Only you know if your savings match one of those statistics. The tax savings. It will help you save on taxes and on health expenses.

401(k) 85

401(k) Deductible Deductions Health Savings Account 85

Corporate Synergies

AUGUST 19, 2019

Health savings accounts are designed for the long term, but most employees use funds for current healthcare expenses. Health savings accounts (HSAs) continue to increase in popularity, but not without issues for both employees and employers. Problems for Employers. As Seen In. billion to $43.5

Employment 40

Employment Health Savings Account Banking Deductible 40

Benefit Resource Inc.

MAY 12, 2019

But, Health Reimbursement Accounts (HRAs) and Health Savings Accounts (HSAs) prove to be a little mind boggling for people. ROUND ONE: Which account(s) is funded by the employer? An HRA is always funded by an employer (and only the employer). HRA or HSA? HRA or HSA? Definitely an HRA.

IT 64

IT Deductible Deductions Health Savings Account 64

Corporate Synergies

AUGUST 15, 2018

Older workers approaching full retirement age (where they can begin receiving 100% of Social Security), face daunting decisions this, Medicare, and retirement plans such as health savings accounts (HSAs) and 401(k)s. As an employer, you can help Baby Boomers with the retirement benefits education and planning process in 3 ways.

401(k) 40

401(k) Education Health Savings Account Employment 40

Benefit Resource Inc.

AUGUST 13, 2019

In fact, “Benefits consultants recommend providing HDHP enrollees with health savings accounts (HSAs) so they’ll have money available for necessary services not covered by the HDHP before the deductible is met,” according to the SHRM article. Employers can encourage HSA enrollment in several ways.

Deductible 45

Deductible Deductions Health Savings Account Employee Enrollments 45

Corporate Synergies

DECEMBER 10, 2018

As the cost of medical plans rises, employers are offering high-deductible health plans (HDHPs) and health savings accounts (HSAs) as part of their employee benefit plans. Over 10 years, HDHP enrollment with a health savings account (HSA) increased from 4.2% As Seen In. RELATED TOPICS.

Voluntary Benefits 45

Voluntary Benefits Hospitality Health Savings Account Benefit Providers 45

Corporate Synergies

AUGUST 6, 2018

Health savings accounts can be a good deal for employees. High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% As Seen In. in 2011 to 39.3%

401(k) 40

401(k) Health Savings Account Retirement Plan Deductible 40

Business Management Daily

OCTOBER 15, 2020

Employers can expect health benefit costs to rise 4.4% on average in 2021, compared to 2020, according to early results from the Mercer consulting firm’s National Survey of Employer-Sponsored Health Plans 2020. Mercer based the projection on an analysis of 1,113 employer responses gathered since early July.

Health Savings Account 52

Health Savings Account Healthcare Life Insurance Insurance 52

Benefit Resource Inc.

JANUARY 2, 2020

Across 2018 and 2019, the announcement of pre-tax limits held employees’ attention. What 2018 IRS Publication 15-B says about Commuter Benefits. Turns out Health Reimbursement Accounts are confusing for employees and employers. Top 8 places to use your Health FSA. 5 Reasons You Won’t Enroll in an HSA.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Health Savings Account Taxes 40

Corporate Synergies

JULY 22, 2019

Adopting an urgent care first mentality can help employees and employers control healthcare costs. But these centers could also help employers minimize expensive emergency room (ER) claims. The cost to the employer (and often the employee) is often far less than the ER. As Seen In. Urgent care can be good medicine.

Employee Benefits 40

Employee Benefits Insurance Carriers Healthcare Health Savings Account 40

Genesis HR Solutions

AUGUST 13, 2019

Excellent Accredited Status by the National Committee for Quality Assurance (NCQA) for Commercial HMO/POS and Commercial PPO products (2018). One of only two health plans in the country to earn top marks for its Medicare Advantage plan and Medicare Part D plan from U.S. News & World Report (2018). Health Savings Account.

Health Insurance 40

Health Insurance 401(k) Insurance Insurance Carriers 40

Genesis HR Solutions

AUGUST 9, 2018

Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. Sometimes benefits are paid for wholly by employers; other times they are paid for by employees, and sometimes the expenses are shared.

Employee Benefits 40

Employee Benefits 401(k) Health Insurance Insurance Carriers 40

Corporate Synergies

SEPTEMBER 10, 2018

There may be new health & welfare benefits offerings that require employees to pay close attention during the decision-making process. Employers with multiple generations of workers must accommodate a wide range of health and welfare benefits needs. Bottom Line: Employee Health and Peace of Mind. RELATED TOPICS.

Health and Welfare 40

Health and Welfare Voluntary Benefits Flexible Spending Account Health Savings Account 40

PeopleStrategy

SEPTEMBER 17, 2019

A late 2018 study conducted by The Harris Poll on behalf of the American Institute of CPAs found that 80% of those surveyed would likely choose a job with solid benefits over a position with a more generous salary but no benefits. While salary is still important (we all have bills to pay!),

Benefits Package 49

Benefits Package Comprehensive Benefits 401(k) Flexible Spending Account 49

WEX Inc.

MARCH 20, 2025

How much should I contribute to my health savings account (HSA) each month? If youre covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $4,300 per year (in 2025) into your health savings account (HSA). What is an HSA?

Health Savings Account 94

Health Savings Account Deductible Deductions Taxes 94

Winston Benefits

SEPTEMBER 29, 2017

While the Affordable Care Act has a small direct effect on employer-sponsored health insurance, chances are your employees are feeling uncertain about their coverage, and they’ll be coming to you for answers. 1095 C forms must be delivered to employees by January 31, 2018 and filed on paper with the IRS by February 28, 2018.

Health Insurance 45

Health Insurance Flexible Spending Account Health Savings Account Flexible Spending 45