Money Talk

APRIL 28, 2022

Health Savings Accounts - One study found that the tax savings on many employees’ contributions to a health savings account (HSA) increases wealth by more than an employer match on the same employees’ 401(k) contributions. listening to podcasts while walking). from age 62 to age 70).

401(k) 186

401(k) Health Savings Account Finance Retirement Plan 186

WEX Inc.

SEPTEMBER 18, 2024

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) 52

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

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

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. 2023 Retirement Plan Limits Increase.

401(k) 85

401(k) Retirement Plan Health Savings Account Deductible 85

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.

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.

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

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. From your online account, hover over Accounts and click on Profile Summary. Its an expectation. How do you do this? How do you do this?

Flexible Spending Account 52

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

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

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

Best Money Moves

DECEMBER 9, 2024

The average employer matches 6% of an employee’s Traditional 401k and Roth 401k contributions. According to a 2024 PlanAdviser survey, 48% of employees claimed that concerns about their retirement savings were the top cause of their financial stress. These benefits trends will continue going into 2025.

roth 401(k) 52

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

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

Benefit Resource Inc.

OCTOBER 13, 2021

HSA Awareness Day is October 15th, and we are so excited to share our love of Health Savings Accounts with…well, everyone! ” – Health Savings Accounts. A Health Savings Account is one of the most versatile pre-tax benefit accounts available and is a great fit for a wide range of people.

401(k) 75

401(k) Health Savings Account Taxes Deductible 75

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

Genesis HR Solutions

SEPTEMBER 22, 2020

Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside. Health Savings Account (HSA). 401(k) & 403(b) Retirement Plans. A 401(k) or a 403(b) is a retirement plan named for the section of the tax code that governs it. (

401(k) 98

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

Benefit Resource Inc.

AUGUST 6, 2021

Free Health Savings Account? Based on the FICA tax rate of 7.65%, you’ll save $15,300. That covers the administrative costs and still leaves you with $12,000 in savings! The similarities between an HSA and a 401(k) lead many to believe they are both equally hands-off. But is it really?

401(k) 76

401(k) Health Savings Account Deductible Deductions 76

InterWest Insurance Services

MAY 16, 2024

It can create bad feelings if staff think their health plan offers little coverage thanks to a high deductible that they never reach. It hurts even more if they haven’t funded their health savings account (HSA), which often happens. Employers can also contribute to the account.

401(k) 98

401(k) Deductible Deductions Health Savings Account 98

InterWest Insurance Services

NOVEMBER 10, 2022

They also miss out on preventative services that insurers are required to provide without cost-sharing and that can help them maintain their health. This disengagement is more typical with younger workers, who may feel that the extra expense for their share of their health plan premium isn’t worth it since they are young and healthy.

401(k) 97

401(k) Health Savings Account Health Insurance Insurance 97

InterWest Insurance Services

JULY 20, 2022

To many new Gen Z recruits, signing up for health insurance and actually using their benefits is a foreign concept. Many of them may have stayed on their parents’ health plans and they may have no idea exactly how it works. You can teach them about these tax-advantaged accounts and the importance of saving for retirement.

Education 98

Education 401(k) Deductible Deductions 98

InterWest Insurance Services

JUNE 6, 2024

It can create bad feelings if staff think their health plan offers little coverage thanks to a high deductible that they never reach. It hurts even more if they haven’t funded their health savings account (HSA), which often happens. Employers can also contribute to the account.

401(k) 96

401(k) Deductible Deductions Health Savings Account 96

InterWest Insurance Services

JANUARY 27, 2023

What you can do Fortunately, there are steps you can take to help them reduce their out-of-pocket expenses for health care: Emphasize the importance of preventative care — The best way to prevent or stave off major health issues is through preventative care, such as going to routine checkups and having blood work done as recommended.

Out of Pocket Cost 98

Out of Pocket Cost 401(k) Deductible Deductions 98

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. There are a variety of activities related to your account that you want to stay on top of by signing up for text alerts. How do you do this?

Flexible Spending Account 98

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

InterWest Insurance Services

JUNE 16, 2022

One in five workers surveyed said that health care and health insurance are a major factor when deciding to accept a job, compared with only 13% of human resources executives, according to the “2022 Health at Work” survey by Quest Diagnostics. Employees can keep the accounts, and even move them between employers.

401(k) 98

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

Benefit Resource Inc.

JUNE 23, 2020

When talking about saving money for the future, the first thing that tends to come to mind is retirement accounts like a 401(k) or IRA. In addition to a general retirement account, consider a Health Savings Account (HSA). Stow it and grow it with a Health Savings Account.

401(k) 76

401(k) Health Savings Account Banking Taxes 76

Benefit Resource Inc.

FEBRUARY 14, 2022

That’s why employers should be offering medical and health-related benefits. A Medical Flexible Spending Account (Medical FSA), Health Savings Account (HSA), or Health Reimbursement Account (HRA) are great places to start. Love is in the air! For others, it is simply another day on the calendar.

401(k) 81

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

Empuls

AUGUST 27, 2024

Take the example of a leading technology company where, by just introducing flex-time for its employees, allowing them to work from home, and far better health benefits, the whole approach toward implementing employee benefits was changed. Health insurance Arguably, this is the most important prerequisite of a good benefits package.

Family and Medical Leave Act 40

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

Benefit Resource Inc.

FEBRUARY 4, 2021

Health Savings Accounts (HSAs) are basically the hot new(ish) accessory in the benefits world these days. No matter where you are in your career, or in life, your Health Savings Account will be your constant companion. We talked previously about how HSAs and 401(k)s pair nicely together.

Health Savings Account 73

Health Savings Account 401(k) Retirement Plan Taxes 73

Business Management Daily

DECEMBER 1, 2019

So you must plan in advance, getting all the appropriate departments—HR, Accounting, Finance, IT and the C-suite—on board. Savings bonds, United Way, creditor and child support garnishments, deductions for other outside groups and other voluntary deductions. In addition, 401(k) nondiscrimination testing may be affected.

Payroll 83

Payroll 401(k) Deductible Deductions 83

Best Money Moves

OCTOBER 16, 2018

Benefits that were nonexistent in 2013 (at least in terms of EBRI’s report) like health savings accounts and accident insurance are now offered by more than 15 percent of organizations. However, recently companies like Walgreens have started to slash benefits in order to raise overall wages.

Employee Benefits 69

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

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). ” Employees already know what “saving money for a rainy day” means. Rhyming works.

401(k) 78

401(k) Deductible Deductions Flexible Spending Account 78

Benefit Resource Inc.

MARCH 20, 2019

Only you know if your savings match one of those statistics. If you are currently employed, there is one change you can make to start saving: Enroll in a Health Savings Account (HSA). The tax savings. An HSA is an account that may be offered by your employer. An HSA is a tax-free benefit.

401(k) 85

401(k) Deductible Deductions Health Savings Account 85

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.

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. These are truly health hacks everyone should know! Take out a life insurance policy for added peace of mind.

401(k) 98

401(k) Medical Retirement Plan Health Savings Account 98

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. Or because they think they have to hire an accountant or tax preparer they can’t afford. 2020 Tax Season Changes.

Taxes 75

Taxes 401(k) Health Savings Account Finance 75

Benefit Resource Inc.

APRIL 8, 2021

Routine health care costs for the year (e.g., Based on Toby’s choices in the previous step and the benefits offered by his employer, the tool will then present other benefits options he has: His employer’s Dependent Care FSA to save on child care expenses. 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. Finally, the last option employers offer is more of a use-it-or-lose-it approach.

401(k) 69

401(k) Health Savings Account Retirement Plan Taxes 69