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

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. HSAs allow your employees to put away funds to pay for future medical expenses. Not everyone is eligible to participate in an HSA.

401(k) 98

401(k) Health Savings Account Pharmaceutical Deductible 98

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. Withdrawals for HSA eligible medical expenses are tax-free. IRS Publication 969 outlines health savings accounts.

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 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

Genesis HR Solutions

SEPTEMBER 22, 2020

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Health Savings Account (HSA).

401(k) 98

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

InterWest Insurance Services

MAY 16, 2024

It hurts even more if they haven’t funded their health savings account (HSA), which often happens. Additionally, if paying for medical costs becomes a burden, employees may forgo necessary care, likely worsening any conditions they are dealing with, which can affect their productivity at work as well.

401(k) 98

401(k) Deductible Deductions Health Savings Account 98

InterWest Insurance Services

JUNE 6, 2024

It hurts even more if they haven’t funded their health savings account (HSA), which often happens. Additionally, if paying for medical costs becomes a burden, employees may forgo necessary care, likely worsening any conditions they are dealing with, which can affect their productivity at work as well.

401(k) 96

401(k) Deductible Deductions Health Savings Account 96

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. These accounts can be kept for life and transferred to new employers.

401(k) 97

401(k) Health Savings Account Health Insurance Insurance 97

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. Indeed, a 2021 study found that 29% of Gen Z respondents are carrying medical debt. Financial wellness. Most students in the U.S. Most students in the U.S.

Education 98

Education 401(k) Deductible Deductions 98

InterWest Insurance Services

JANUARY 27, 2023

Recent studies have highlighted an alarming trend in American health care: More and more people are struggling with medical bills and many are delaying care due to high costs. Urge any employees in HDHPs to sock away funds in their attached health savings accounts for future medical expenses.

Out of Pocket Cost 98

Out of Pocket Cost 401(k) Deductible Deductions 98

InterWest Insurance Services

JUNE 16, 2022

There are a number of wellness programs with a focus on a variety of areas, such as smoking cessation, weight loss, exercise programs and activities, and health screenings. These are all programs aimed at preventing disease and poor health, reducing the need for expensive medical care later.

401(k) 98

401(k) Health Insurance Health Savings Account Human Resources 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. From your online account, hover over Accounts and click on Profile Summary. How do you do this?

Flexible Spending Account 98

Flexible Spending Account 401(k) Health Savings Account Banking 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. Improved Overall Productivity.

401(k) 81

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

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

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

Business Management Daily

DECEMBER 1, 2019

Best practice: List all benefits and deductions to determine whether they’re impacted: Medical, dental, life, vision, group-term life insurance, long-term disability, dependent care, flexible spending accounts and health savings accounts. In addition, 401(k) nondiscrimination testing may be affected.

Payroll 83

Payroll 401(k) Deductible Deductions 83

Benefit Resource Inc.

MARCH 20, 2019

If you are currently employed, there is one change you can make to start saving: Enroll in a Health Savings Account (HSA). We’ll go over the three reasons why enrolling in an HSA might be the best option for you in order to save on health care expenses in retirement. The tax savings.

401(k) 85

401(k) Deductible Deductions Health Savings Account 85

Benefit Resource Inc.

APRIL 8, 2021

Planned/unexpected medical and life events (e.g., Expected costs for the year related to routine healthcare, medical events, vision, dental, and child care expenses. *A Based on the information Toby enters, the decision support tool would show him his: Medical, dental and vision coverage options with his monthly premiums.

401(k) 75

401(k) Health Health Savings Account Medical 75

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

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

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

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. Medical FSA Maximum Annual Contribution.

401(k) 52

401(k) Deductible Deductions Health Savings Account 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. As long as you save your receipts, you can reimburse yourself for past transactions.

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. Regardless of where you fall on the income spectrum, these accounts can provide a unique triple tax benefit.

401(k) 75

401(k) Flexible Spending Account Deductible Deductions 75

Benefit Resource Inc.

JANUARY 3, 2022

Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). Fertility trackers and treatments Ovulation tests Pregnancy tests Some over the counter medications Prescriptions related to family planning Prenatal vitamins. Revisit your Savings Goals.

Taxes 72

Taxes 401(k) Out of Pocket Cost Health Savings Account 72

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

Benefit Resource Inc.

JULY 23, 2019

Health Savings Accounts have many advantages, but there is still an air of misunderstanding around some of the main tenets of the account. In reality, unused funds rollover month to month and year to year, like a 401(k). In reality, unused funds rollover month to month and year to year, like a 401(k).

401(k) 45

401(k) Health Savings Account Taxes Banking 45

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

Best Money Moves

DECEMBER 9, 2024

Employees look for solutions to their unique problems from building retirement savings to handling unexpected medical expenses. Inclusive health benefits are still widely sought after Medical costs continue to be a major concern for employees going into 2025. These benefits trends will continue going into 2025.

roth 401(k) 52

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

WEX Inc.

APRIL 24, 2023

That’s a critical first step when weighing your choice of an HDHP versus a PPO or another type of traditional health plan. If you don’t anticipate you (or your family) will require a lot of medical care in the coming year, it may make sense to participate in an HDHP so you can save money by paying less in premiums.

401(k) 52

401(k) Health Savings Account Deductible Deductions 52

Genesis HR Solutions

MAY 2, 2023

TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( This cheat sheet explains several common human resource acronyms. This cheat sheet explains several common human resource acronyms.

Family and Medical Leave Act 52

Family and Medical Leave Act 401(k) Flexible Spending Account Health Savings Account 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. From your online account, hover over Accounts and click on Profile Summary. How do you do this?

Flexible Spending Account 52

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

Corporate Synergies

AUGUST 6, 2018

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% Treat the HSA More Like a 401(k) than an FSA.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductible 40

Benefit Resource Inc.

APRIL 4, 2024

One often-overlooked gem in the world of benefits is the Health Savings Account (HSA). Understanding HSAs HSAs are tax-advantaged savings accounts designed to help individuals save for medical expenses. Flexibility and Control In addition to their savings, HSAs offer unparalleled flexibility.

401(k) 52

401(k) Retirement Plan Benefits Package Deductible 52

Winston Benefits

FEBRUARY 12, 2019

One of the most important ways to reduce this shortfall, according to the EBRI research, is to have access to a defined contribution (DC) plan, like a 401(k). And health savings accounts (HSAs) are another valuable tool, especially when it comes to saving tax-free for post-retirement medical expenses.

401(k) 40

401(k) Health Savings Account Retirement Plan Medical 40