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5 benefits trends to watch in 2020

Benefit Resource Inc.

The buzz phrase “health and wellness” is currently widely used to reference services or products that take a more holistic approach to care. So, how will this affect tax advantaged accounts like Flexible Spending Accounts and Health Reimbursement Accounts? Read more about the changes here.

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ACA Update: What You Need to Know This Fall

Winston Benefits

1095 C forms must be delivered to employees by January 31, 2018 and filed on paper with the IRS by February 28, 2018. Applicable Large Employers with 250 or more returns must file electronically by March 31, 2018. The phase-in era of reporting requirements is over and now is the time to start assembling your data.

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Top Blogs of the Decade

Benefit Resource Inc.

Across 2018 and 2019, the announcement of pre-tax limits held employees’ attention. What 2018 IRS Publication 15-B says about Commuter Benefits. Top 8 places to use your Health FSA. From the FSAStore to Amazon, here are the best places to use up your Flexible Spending Account funds.

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

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% © 2018 Corporate Synergies Group, LLC.

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HDHPs can cover more preventive services

Business Management Daily

To temper an HDHP’s bite, they can be paired with health savings accounts. Advantage: Employees can contribute more on a pretax basis than they can put into flexible spending accounts. 2020 adjustments for group health plans set. in 2007 to 46% in 2018. deductibles, co-payments, etc.)

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Why you should offer Blue Cross Blue Shield Massachusetts health care to your employees

Genesis HR Solutions

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.

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

Corporate Synergies

After reviewing benefits and trends, you may find that adding a pre-tax benefit, such as a health savings account (HSA), flexible spending account (FSA) or a health reimbursement account (HRA), can help the organization save money while giving employees a way to better plan their healthcare and finances.