WEX Inc.

SEPTEMBER 18, 2024

When approaching open enrollment, do … Evaluate available health insurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. If your employer offered you a raise, you wouldn’t say no, right?

401(k) 52

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

WEX Inc.

OCTOBER 15, 2024

Today, to commemorate National Health Savings Account Awareness Day (HSA Day) celebrated annually on October 15, WEX is highlighting available resources to help employers and employees better understand the impressive value of HSAs for both wellbeing and wallets.

401(k) 52

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

Griffin Benefits

NOVEMBER 1, 2022

Together, these combined announcements by the IRS detail 2023 adjusted limits to the amounts employees can tuck away pretax into Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), transportation benefits, and retirement plans such as 401(k)s. FSA Employer Contribution Limits for 2023.

401(k) 85

401(k) Retirement Plan Health Savings Account Deductible 85

WEX Inc.

JULY 24, 2023

And it’s a solution you might already be offering: the health savings account. These accounts provide another way for your employees to diversify their efforts to prepare for retirement. What employers are saying about employee finances and retirement? Why HSAs for retirement planning?

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

Benefit Resource Inc.

FEBRUARY 23, 2023

Health Savings Accounts (HSAs) are tax-advantaged accounts that allow you to pay for medical expenses now and in the future. Whether you already have an HSA or are looking at this account for the first time, BRI is here to share why we love this account so much. HSAs Provide More Tax Breaks Than 401(k)s.

Health Savings Account 52

Health Savings Account 401(k) Retirement Plan Taxes 52

WEX Inc.

JANUARY 8, 2025

In fact, staying on top of your health savings account (HSA) , flexible spending account (FSA) , or any other plan you signed up for throughout the year can pay off for you. Or watch our Benefits podcast to learn how employers can support employees while starting off the benefits plan year! How do you do this?

Flexible Spending Account 52

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

WEX Inc.

OCTOBER 4, 2023

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses.

401(k) 98

401(k) Flexible Spending Account Health Savings Account Flexible Spending 98

Best Money Moves

DECEMBER 9, 2024

According to Mercers Survey on Health and Benefits Strategies for 2025, about two-thirds of large employers said that improving healthcare affordability is a priority for the next year. One method of support employers are providing will come in the form of affordable deductibles. million employees will be remote by 2025.

roth 401(k) 52

roth 401(k) 401(k) Benefits Package Paid Leave 52

WEX Inc.

MAY 2, 2024

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.

Health Savings Account 98

Health Savings Account 401(k) Flexible Spending Account Taxes 98

Griffin Benefits

NOVEMBER 11, 2021

Together, these combined announcements by the IRS detail 2022 adjusted limits to the amounts employees can tuck away pretax into Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), transportation benefits, and retirement plans such as 401(k)s. FSA Employer Contribution Limits for 2022.

401(k) 56

401(k) Retirement Plan Health Savings Account Deductible 56

InterWest Insurance Services

MARCH 7, 2024

If you have staff with health savings accounts, they still have until April 15 to make additional contributions to their accounts if they want to reduce their tax bills for last year. Under IRS rules, for 2023 employers and employees can contribute a combined $3,850 for single employees and $7,750 for families.

401(k) 98

401(k) Health Savings Account Pharmaceutical Deductible 98

WEX Inc.

SEPTEMBER 14, 2023

When approaching open enrollment, do … Evaluate available health insurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. If your employer offered you a raise, you wouldn’t say no, right?

401(k) 98

401(k) Health Savings Account Flexible Spending Account Healthcare 98

Genesis HR Solutions

SEPTEMBER 22, 2020

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Retirement.

401(k) 98

401(k) Employee Benefits roth 401(k) Disability Insurance 98

InterWest Insurance Services

MAY 16, 2024

The dip, while seemingly small, represents millions of workers that have opted for other plans as employers are offering a greater variety of plans to their employees, including preferred provider organizations (PPOs) and health maintenance organizations. The many benefits of HSAs Employees contribute pre-tax dollars to the account.

401(k) 98

401(k) Deductible Deductions Health Savings Account 98

InterWest Insurance Services

JUNE 6, 2024

The dip, while seemingly small, represents millions of workers that have opted for other plans as employers are offering a greater variety of plans to their employees, including preferred provider organizations (PPOs) and health maintenance organizations. The many benefits of HSAs Employees contribute pre-tax dollars to the account.

401(k) 96

401(k) Deductible Deductions Health Savings Account 96

InterWest Insurance Services

NOVEMBER 10, 2022

One of the most difficult aspects of annual open enrollment is reaching workers who are disengaged from the process and never bother signing up for your group health plan and other benefits they could take advantage of. Turning 26 — This is the age that individuals are no longer allowed to be covered by their parents’ health insurance.

401(k) 97

401(k) Health Savings Account Health Insurance Insurance 97

Benefit Resource Inc.

AUGUST 6, 2021

Free Health Savings Account? per employee per month in HSA administration fees and you, the employer, have 100 employees contributing to their HSA, you might second guess whether spending $3,300 per year is worth it. That covers the administrative costs and still leaves you with $12,000 in savings!

401(k) 76

401(k) Health Savings Account Deductible Deductions 76

InterWest Insurance Services

JULY 20, 2022

If they are not educated on their options and how health plans work, those new to employment can make poor decisions that could have serious financial repercussions. Deductibles — Explain how deductibles work and that depending on their plan they may pay the full price for health care services until they’ve met their deductible.

Education 98

Education 401(k) Deductible Deductions 98

InterWest Insurance Services

JUNE 16, 2022

While making more money was still the top reason for looking for new work, the results illustrate the importance of health benefits and that employers are not as tuned into their employees’ needs as they think they are. But the one issue hanging over all employee benefits, particularly health insurance, is the costs.

401(k) 98

401(k) Health Insurance Health Savings Account Human Resources 98

Empuls

AUGUST 27, 2024

Retirement plans Basically, it is the retirement plans—401(k) or pension plans—through which an employee receives financial security during service years other than while serving. Employer matching may make this more tantalizing, pushing the envelope of long-term feelings of financial well-being further for employees.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits 401(k) Benefits Package 40

Benefit Resource Inc.

FEBRUARY 14, 2022

To employers, Valentine’s Day has special meaning as well. The vast majority of companies provide employee benefits to their workers, and as an employer, nothing offers better returns than investing in your employees. That’s why employers should be offering medical and health-related benefits.

401(k) 81

401(k) Flexible Spending Account Health Savings Account Benefits Package 81

Best Money Moves

OCTOBER 16, 2018

A third of compensation costs go towards employee benefits and some employees would forgo a raise for better work-life balance or better healthcare benefits, but almost half of employees don’t even understand the benefits their employer already offers.

Employee Benefits 69

Employee Benefits 401(k) Paid Sick Leave Paid Vacation 69

Business Management Daily

SEPTEMBER 22, 2021

Some employers start as early as September. Most employees elect coverage through their employer, but some may be eligible for marketplace coverage as well. Most employers have an open enrollment period of at least 2 to 4 weeks. The post Open enrollment checklist for employers appeared first on Business Management Daily.

Employment 90

Employment Deductible Deductions Benefit Providers 90

Benefit Resource Inc.

FEBRUARY 4, 2021

Health Savings Accounts (HSAs) are basically the hot new(ish) accessory in the benefits world these days. You also get to keep them into retirement and if you switch employers. No matter where you are in your career, or in life, your Health Savings Account will be your constant companion. For-Ev-Ver!

Health Savings Account 73

Health Savings Account 401(k) Retirement Plan Taxes 73

Business Management Daily

DECEMBER 1, 2019

Lastly, check employment contracts and engagement letters to determine whether employees were promised a set annual salary. WHAT THE IRS SAYS: The IRS doesn’t vary the withholding tables to account for any extra pay period, but you may want to build the extra pay period into your computer formula. Accruals for vacation and sick pay.

Payroll 83

Payroll 401(k) Deductible Deductions 83

Benefit Resource Inc.

MARCH 20, 2019

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. An HSA is an account that may be offered by your employer. Learn more today.

401(k) 85

401(k) Deductible Deductions Health Savings Account 85

Benefit Resource Inc.

JUNE 29, 2021

Now that you’ve explained (again) how insurance works, you get to begin the real work of teaching employees the difference between Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). Frankly, most employers don’t have the time or capacity to provide a full-blown education to employees.

401(k) 78

401(k) Deductible Deductions Flexible Spending Account 78

Flimp Communications

MARCH 31, 2020

In an increasingly uncertain world, workers are looking to their employers for answers and education about their financial futures. The long-term financial wellness of the average American worker is at risk during this health and economic crisis. Where Tax Savings and Benefits Intersect. Long-Term Repercussions.

401(k) 75

401(k) Retirement Plan Medical Taxes 75

CorpStrat

JANUARY 17, 2023

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. Health FSA pre-tax contribution limit. Health FSA carryover limit.

401(k) 52

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

Flimp Communications

FEBRUARY 7, 2020

At a minimum, talking about tax season with workers can lead to conversations about retirement savings plans such as IRAs or 401(k)s, as well as any other financial management benefits you offer. Tax-saving accounts include health savings accounts (HSAs) that provide an untaxable reservoir of money for medical expenses.

Taxes 75

Taxes 401(k) Health Savings Account Finance 75

Benefit Resource Inc.

MARCH 23, 2021

We’ve written about Health Savings Accounts and retirement in other blogs (like this one or this one ) so for this piece, we’ll be focusing on two other, less common accounts: Health Reimbursement Accounts (HRAs) and HRA VEBAs. There are three standard options most employers choose to implement.

401(k) 69

401(k) Health Savings Account Retirement Plan Taxes 69

Benefit Resource Inc.

NOVEMBER 29, 2023

We are all faced with choices every day which can lead you to save time or money. You might plan for retirement by contributing to a 401k plan. Use paid time (and personal savings) for a relaxing vacation. You have a healthy retirement plan with a 401K, but lack options for comprehensive group medical benefits.

401(k) 98

401(k) Medical Retirement Plan Health Savings Account 98

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. 5 AARP , “Can I Have a Health Savings Account as Well as Medicare?”.

401(k) 40

401(k) Education Health Savings Account Employment 40

Benefit Resource Inc.

APRIL 8, 2021

Here’s a scary statistic for you: according to the International Foundation of Employee Benefit Plans , 80% of employers struggle to get employees to read benefits enrollment materials during Open Enrollment. A Health Savings Account to save on medical expenses. A 401(k) to save money for retirement.

401(k) 75

401(k) Health Health Savings Account Medical 75

WEX Inc.

APRIL 3, 2023

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.

Health Savings Account 52

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

WEX Inc.

OCTOBER 8, 2024

While health savings accounts (HSAs) can support short-term and emergency needs , HSA participants are increasingly taking advantage of these accounts’ investment potential. Leveraging employer-matching contributions to grow your funds. In 2023, HSA investment assets grew 37% year-over-year to nearly $46 billion.

401(k) 52

401(k) Health Savings Account Deductible Deductions 52

Benefit Resource Inc.

NOVEMBER 4, 2021

Health Saving Accounts (HSAs) help you play a more informed and active role in controlling your family’s health care costs. HSAs are one tool in the ever-expanding toolbox of health care plans. Serving thousands of employers and employees, BRI makes benefits management easy. CALCULATE YOUR SAVINGS.

401(k) 75

401(k) Flexible Spending Account Deductible Deductions 75