InterWest Insurance Services

JULY 11, 2024

The Department of Labor’s new fiduciary rule, which mainly applies to 401(k) plans, will also affect employers who offer their staff health savings accounts. HSAs are also portable, meaning they can be moved from one employer to the next, and they can be kept until retirement years.

401(k) 98

401(k) Health Savings Account Employment Commissions 98

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. Employees can spend, save, or invest their HSAs.

401(k) 52

401(k) Health Savings Account Flexible Spending Account 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. Your balance rolls over from year to year, and the account stays with you even if you change jobs. How do you do this?

Flexible Spending Account 52

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

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. A 401(k) is a tax-deferred account where individuals do not pay income taxes on amounts contributed,” Cook said.

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

Money Talk

JUNE 13, 2024

Maximize Retirement Plan Contributions- Contribute as much as you can afford, up to the maximum allowable amount, to tax-advantaged retirement accounts (e.g., 401(k) plan). Not only does this help you save for retirement, but it can also reduce your taxable income for the year.

Taxes 125

Taxes 401(k) Retirement Plan Health Savings Account 125

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

Financial wellness programs offer customized resources that provide essential information regardless of age or income level. According to Mercers Survey on health & benefit strategies for 2025 , almost 70% of surveyed companies are or are planning to offer financial wellness programs in their benefits package next year.

roth 401(k) 52

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

WEX Inc.

SEPTEMBER 14, 2023

Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. If you rarely go to the doctor or would like to enroll in a health savings account (HSA) , an HSA-eligible health plan may be right for you!

401(k) 98

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

InterWest Insurance Services

NOVEMBER 10, 2022

If you have Gen Z workers, you should consider sending out e-mail blasts to them about this law and that if they are turning 26 in the coming year, they’ll need to find new coverage other than their parents’ Health savings accounts. They want information that helps them get the most bang for their buck.

401(k) 97

401(k) Health Savings Account Health Insurance Insurance 97

WEX Inc.

FEBRUARY 23, 2023

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. Your balance rolls over from year to year, and the account stays with you even if you change jobs. How do you do this?

Flexible Spending Account 98

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

Empuls

AUGUST 27, 2024

Google Google offers very strong retirement plans by providing its employees 401(k) matching and financial planning resources to not feel vulnerable about the future, which in turn increases their loyalty and long-term satisfaction. 

Family and Medical Leave Act 40

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

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). If you are presented with information that doesn’t have an existing bucket, it will take longer to store.

401(k) 78

401(k) Deductible Deductions Flexible Spending Account 78

Flimp Communications

MARCH 31, 2020

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. Health savings accounts (HSAs) are great medical savings and investment tools for employees, particularly those who won’t have a ton of medical expenses year to year.

401(k) 75

401(k) Retirement Plan Medical Taxes 75

Benefit Resource Inc.

APRIL 8, 2021

The decision support tool educates the employee about their choices and makes personalized recommendations based on the information they entered. Here’s the process he would follow: Step 1: Enter Information. Routine health care costs for the year (e.g., A Health Savings Account to save on medical expenses.

401(k) 75

401(k) Health Health Savings Account Medical 75

Benefit Resource Inc.

MARCH 23, 2021

If you have a pre-tax account and retirement is on the horizon, you’ll want to understand what happens to the funds in your account(s) once you retire. Depending on which pre-tax account you have, the treatment of your funds will vary. Want more information on these plans? Greater Freedom on Withdrawals.

401(k) 69

401(k) Health Savings Account Retirement Plan Taxes 69

Benefits Notes

OCTOBER 24, 2022

Earlier this year, the health savings account (HSA) and high deductible health plan (HDHP) annual deductible and out-of-pocket expense adjustments were announced in Revenue Procedure 2022-24 , and the health care FSA adjustments were announced in Revenue Procedure 2022-38. Catch-up Limit (age 50+). 1,400/$2,800.

401(k) 52

401(k) Deductible Deductions Health Savings Account 52

Benefits Notes

NOVEMBER 21, 2023

The IRS also announced the health savings account (HSA) and high deductible health plan (HDHP) annual deductible and out-of-pocket expense adjustments earlier this year in Revenue Procedure 2023-23 and the health flexible spending arrangement (Medical FSA) adjustments in Revenue Procedure 2023-34.

401(k) 52

401(k) Health Savings Account Retirement Plan Deductible 52

Benefit Resource Inc.

JANUARY 5, 2021

Give yourself a leg up by understanding how your IRA, HSA and 401(k) play together. If you have a health savings account, you should know how and when it benefits you to make election adjustments. You’re fast-paced and want information and funds on the go: Your best friend will be the BRiMobile app.

401(k) 64

401(k) Health Savings Account Management Taxes 64

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. These accounts have changed over the years and now have excellent investment options.

401(k) 75

401(k) Flexible Spending Account Deductible Deductions 75

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. The information in this blog post is for educational purposes only. Get our free guide. It is not legal or tax advice.

401(k) 52

401(k) Health Savings Account Deductible Deductions 52

Benefit Resource Inc.

MARCH 28, 2024

Pre-tax benefits are a powerful tool for saving money and maximizing your income. From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. This includes copayments, deductibles, prescriptions, and more.

Flexible Spending Account 52

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

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

Genesis HR Solutions

DECEMBER 5, 2019

We suggest looking for a partner that can provide large group access to the following benefits: Group health, dental, and vision. 401(k) options. Health savings accounts. 401(k) Plan. The 401(k) offering you pick should include these features: A secure web portal. Life/AD&D.

Human Resources 10

Human Resources 401(k) Taxes Overtime 10

PeopleStrategy

OCTOBER 3, 2023

Ask about their benefit priorities, and use the feedback to inform your benefit offerings. Offer a Flexible Benefits Package: Consider providing a core set of benefits that meet the basic needs of all employees, such as health insurance and retirement plans.

401(k) 52

401(k) Retirement Plan Parental Leave Health Savings Account 52

Benefit Resource Inc.

APRIL 4, 2024

One often-overlooked gem in the world of benefits is the Health Savings Account (HSA). By offering educational resources and guidance on HSA benefits, you can help employees make informed financial decisions, leading to improved financial wellness and peace of mind.

401(k) 52

401(k) Retirement Plan Benefits Package Deductible 52

Business Management Daily

SEPTEMBER 22, 2021

Some benefits to consider adding or expanding are: 401K benefits: If your business is not matching contributions, you may want to look into what competing employers are doing in terms of retirement benefits and whether there is room in the budget to offer some level of matching. Hold information sessions. Be ready to answer questions.

Employment 90

Employment Deductible Deductions Benefit Providers 90

Benefits Notes

OCTOBER 28, 2020

The IRS also announced the dollar limitation for employee salary reductions for contributions to health flexible spending arrangements in Revenue Procedure 2020-45. Elective Deferral Limit 401(k), 403(b), 457(b). The following chart summarizes the 2021 limits for benefit plans. The 2020 limits are provided for reference. .

401(k) 40

401(k) Health Savings Account Retirement Plan Deductible 40

Benefits Notes

NOVEMBER 5, 2021

The health savings account (HSA) and high deductible health plan (HDHP) annual deductible and out-of-pocket expense adjustments were announced earlier this year in Revenue Procedure 2021-25. Elective Deferral Limit 401(k), 403(b), 457(b). The following chart summarizes the 2022 limits for benefit plans.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductible 40

Business Management Daily

APRIL 29, 2024

High-Deductible Health Plans (HDHPs) with Health Savings Accounts (HSAs) : HDHPs have lower premiums but higher deductibles compared to traditional health plans. Deductibles can be paid with tax-advantaged/tax-free spending accounts funded by employees and employers. It’s a touchy subject. Simple, just ask.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductible 84

Benefit Resource Inc.

OCTOBER 21, 2019

” In the case of pre-tax benefits, we like to say “There’s a plan for that” Regardless of your benefits problem, by comparing Flexible Spending Accounts, Health Savings Accounts and Health Reimbursement Accounts, you can find the right plan to fit your needs.

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Flexible Spending 401(k) 40

Insperity

MARCH 12, 2024

The financial wellness of your workforce is especially critical given economic conditions, record-high inflation and high levels of household debt, leading many workers struggling to save enough money. In a 401(k) plan, the most common type of retirement plan, employees can save up to a certain amount set by the U.S.

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits PTO 401(k) 59

Genesis HR Solutions

AUGUST 13, 2019

Power ranked Blue Cross Blue Shield of Massachusetts number one in member satisfaction among all commercial health plans in Massachusetts. In 2019, BCBS Massachusetts achieved the highest score for coverage and benefits, provider choice, information and communication, and billing and payment. 401(k) Options.

Health Insurance 40

Health Insurance 401(k) Insurance Insurance Carriers 40

Business Management Daily

SEPTEMBER 15, 2021

Virtual office visits thrived during the COVID-19 pandemic as people sought a safe, quick way to obtain medical information and evaluation. Large and small businesses alike benefit from sponsoring plans such as 401(K)s and Simple IRAs. These allow employees to save for their golden years while enjoying tax benefits now.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Higginbotham

SEPTEMBER 15, 2023

Chatbots can also reduce worker frustrations by providing employees with instant answers to questions and easy access to policy information. Q&A sessions with an AI chatbot can help employees evaluate the value and relevance of 401(k) plans , health savings accounts , insurance coverage options and tax situations.

Human Resources 52

Human Resources 401(k) Outsourcing Payroll Recruitment 52

Empuls

JULY 11, 2023

By understanding the types of tax free benefits available, both employers and employees can make informed decisions that maximize their financial well-being. Additionally, employers can deduct the cost of providing health insurance as a business expense. Additionally, Roth retirement accounts offer unique tax advantages.

Employee Benefits 40

Employee Benefits roth 401(k) Flexible Spending Account 401(k) 40

Vantage Circle

SEPTEMBER 11, 2023

From personalized plan comparisons to easy enrollment and on-demand access to benefits information, this platform empowers employees to make informed decisions that align with their unique needs and lifestyles. Detailed descriptions of each platform highlight their standout features, helping readers make informed decisions.

Employee Benefits 52

Employee Benefits Payroll Retirement Plan Software 52

Empuls

SEPTEMBER 25, 2023

For more information on this changing legislation, keep reading. This is designed to encourage more informed decision-making among employees about their long-term financial security. Overtime regulations Labor laws have become stringent around overtime payments.

Family and Medical Leave Act 40

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