Remove 2018 Remove Flexible Spending Account Remove Taxes
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Pre-tax terms: R is for “Rollover”

Benefit Resource Inc.

In this post, we’ll provide a bit of background about what the Flexible Spending Account (FSA) rollover option is and how it works. Let’s say you had an FSA in 2018 but you decided not to re-enroll for 2019. You just won’t have a new election amount to spend down as well.

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5 benefits trends to watch in 2020

Benefit Resource Inc.

Incorporating lifestyle components into pre-tax accounts. So, how will this affect tax advantaged accounts like Flexible Spending Accounts and Health Reimbursement Accounts? If you’re a Beniversal Card holder, you may already know how easy it is to utilize pre-tax dollars.

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Year-end checklist for HR

PeopleStrategy

If certain individuals received raises or promotions, make sure these changes are reflected in their current pay stubs as well as in tax documents and company records. Annual, quarterly or holiday bonuses should also be accounted for. Determine the 2018 holiday schedule. Report benefits enrollment information.

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Top Blogs of the Decade

Benefit Resource Inc.

From tax reform to how-to articles, here are the top 10 blogs from Benefit Resource: Check Your Balance. So far, prices have held steady… Pre-tax limits. Across 2018 and 2019, the announcement of pre-tax limits held employees’ attention. Stay on the ball and check view 2020 pre-tax limits here and here.

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

Employers that have gone the HDHP route typically offer a qualified plan that includes a health savings account to help pay for qualifying medical expenses tax-free. But there’s a great chance that if you offer a high deductible health plan with an HSA, your employees aren’t crystal clear on the benefits of the health savings account.

401(k) 40
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HDHPs can cover more preventive services

Business Management Daily

An ounce of prevention may be worth a pound of cure, but up until this point, high-deductible health plans have been boxed in regarding tax-free reimbursements for most preventive care services or items. To temper an HDHP’s bite, they can be paired with health savings accounts. in 2007 to 46% in 2018.

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The Open Enrollment 2019 Season is Coming (But Don’t be Afraid)

Corporate Synergies

New laws (like the federal tax law) plus evolving regulations around benefits add more to HR’s already full plate. © 2018 Corporate Synergies Group, LLC. There are open enrollment education campaigns and communications meetings to plan and launch. No wonder you don’t have time for lunch. Keep New Benefit Options Simple. RELATED TOPICS.