Money Talk

AUGUST 5, 2021

Each summer, AARP Bulletin publishes a 99 Great Ways to Save article with money-saving ideas. Also, cash-back and low-interest credit cards, pre-tax employer flexible spending accounts, negotiating (a.k.a., from the several recent annual AARP 99 Great Ways to Save articles. I call them my “Who Knews?” Happy saving!

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Flexible Spending Account Banking Medical Flexible Spending 100

Benefit Resource Inc.

DECEMBER 8, 2020

Families utilizing Dependent Care Flexible Spending Accounts (FSAs) are up against a December 31st deadline. The end of the year is a busy time for people with pre-tax benefits. If you have an FSA, there’s a high chance you’ll have to spend down the money in your account so you don’t lose it.

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Benefit Resource Inc.

SEPTEMBER 4, 2020

Below, we explore some surprising (yet tasteful) similarities between types of ice cream and pre-tax accounts. Flexible Spending Account: Classic vanilla. You may even have to ask for sprinkles a few times before you get them, so here is an article on the right way to ask for sprinkles. Your company: The ice cream parlor.

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Taxes Flexible Spending Account Flexible Spending Health Savings Account 40

Benefit Resource Inc.

NOVEMBER 19, 2019

In this article, we kick legal jargon to the curb and dive into three areas to provide a high level guide to understanding this plan. One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). Finally, the last type of cafeteria plan is a Dependent Care flexible spending account.

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Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

Benefit Resource Inc.

NOVEMBER 19, 2019

In this article, we kick legal jargon to the curb and dive into three areas to provide a high level guide to understanding this plan. One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). Finally, the last type of cafeteria plan is a Dependent Care flexible spending account.

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Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

Benefit Resource Inc.

MARCH 27, 2020

You can view the various inclusions in this Forbes article. We, however, will focus on the three possible changes to tax-free account holders. What can we expect for tax-free accounts? OTC items bought with pre-tax funds. Where does the CARES Act stand? The Senate approved the CARES Act late on Wednesday, March 26.

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Health Savings Account Deductible Deductions Taxes 76

Benefit Resource Inc.

APRIL 7, 2022

Encourage employees to take advantage of pre-tax funds so they won’t be saddled with out-of-pocket expenses during their maternity leave. One great way is by setting up an FSA or HSA, both allow for tax savings on top of quality health care choices.

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Griffin Benefits

OCTOBER 1, 2022

Additionally, account-based plans, like health reimbursement arrangements (HRAs) and health care flexible spending accounts (FSAs), are not required to report. You can view more compliance articles in our Compliance Directory. Excepted benefits (e.g.,

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Insurance Carriers Employment Flexible Spending Account Insurance 67

Benefit Resource Inc.

JUNE 25, 2019

According to a November 2018 article from SHRM “Adopting a child from foster care may cost about $2,500, domestic private adoptions can cost up to $40,000, and international adoptions can cost up to $30,000.” Adoption Assistance Accounts allow employees to set aside funds on a pre-tax basis to pay for adoption-related expenses.

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Taxes Medical Flexible Spending Employment 40

Benefit Resource Inc.

JANUARY 2, 2020

From tax reform to how-to articles, here are the top 10 blogs from Benefit Resource: Check Your Balance. ” If you want to see your balance fast and skip calling in, this article has all the tips you need. So far, prices have held steady… Pre-tax limits. To quote Jerry McGuire, “Show me the money!”

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Flexible Spending Account Flexible Spending Health Savings Account Taxes 40

Benefit Resource Inc.

OCTOBER 24, 2019

We use an opt-in process to match you with the best health plan based on your lifestyle, as well as the best tax-free accounts based on your savings goals, which you provided on your date of hire” And then I’d go back to work. Now, which pre-tax account you can enroll in depends on what kind of health insurance you have.

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Out of Pocket Cost Flexible Spending Account Flexible Spending Health Savings Account 45

Flimp Communications

SEPTEMBER 12, 2024

These documents are mandated by federal and state employment and tax regulations. employees must also complete form W-4, which tells the employer how much to withhold from the employee’s pay for federal income tax. State Withholding Forms Some states provide separate tax withholding certificates (state W-4s) for state income taxes.

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Benefit Resource Inc.

MARCH 26, 2019

This Forbes article from January cites that only 17 percent of the US population has used telehealth. Patients don’t know that video consultation services may be available under their medical plans and can be paid with pre-tax funds. Furthermore, 77% of patients admit they would prefer a doctor who offers telemedicine.

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Healthcare Taxes Hospitality Education 65

WEX Inc.

APRIL 12, 2023

They can’t be covered by any other health plan that would disqualify them from an HSA, such as a spouse’s plan or a medical flexible spending account (FSA). Also, employees can’t be enrolled in Medicare or be claimed as a dependent on someone else’s tax return. An article from SHRM says employers have to: File Form 5500s.

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Health Savings Account Flexible Spending Account Deductible Deductions 52

Benefit Resource Inc.

DECEMBER 1, 2020

To avoid losing any of that pre-tax money to the use-it-or-lose-it rule, it’s important to plan your spending down to the last dollar. Check out some of our other blogs to discover more ways to use up the last of those pre-tax dollars on eligible medical expenses. The end of 2020 is ( finally ) almost here.

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Medical Food Taxes Work From Home 75

Benefit Resource Inc.

AUGUST 27, 2019

Flexible Spending Accounts are one of the most popular tax-advantaged accounts employees choose during open enrollment. Find out in our article. Do you know if you should use the Dependent Care FSA or the dependent care tax credit? First, you might list all the medical items and procedures you can pay with an FSA.

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Flexible Spending Account Flexible Spending Medical Taxes 40

Benefit Resource Inc.

JUNE 29, 2020

We’re excited to announce that Benefit Resource is now available through ADP Marketplace , ready to provide employers nationwide with top-rated pre-tax account and COBRA administration. Our services include the administration of tax-free benefits programs. Why we are the ideal benefits partner. Find our referral app on ADP Marketplace.

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Flexible Spending Account Health Savings Account Flexible Spending Taxes 40

Benefit Resource Inc.

JUNE 18, 2019

A Limited FSA, or a Limited Purpose FSA, is one of several pre-tax accounts you may be able to sign up for through your company. A Medical FSA is not compatible with a Health Savings Account (another pre-tax account that your employer may offer). It is used to pay for vision and dental expenses that are not covered by insurance.

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Benefit Resource Inc.

MARCH 28, 2019

We wrote a previous article outlining the differences between Dependent Care FSAs and General Medical FSAs. Whether it’s through in-home care or before/after school programs , I am the only pre-tax account that can offer this kind of support. I enjoy: Saving people money through pre-tax payroll deductions. Entry #601.

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Medical Taxes Deductible Deductions 64

Benefit Resource Inc.

JANUARY 7, 2020

Let’s say you have a Flexible Spending Account (FSA) and a mass transit Commuter Benefit Plan (CBP). If you want to know more about ID theft protection, check out this article or this overview page. This only applies if you are enrolled in more than one pre-tax health account with BRI. How it works.

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Flexible Spending Account Flexible Spending Health Savings Account Taxes 40

Benefit Resource Inc.

DECEMBER 5, 2023

Understanding the intricacies of pre-tax benefit plans and COBRA regulations is crucial, but for those new to the field, it can be a challenging endeavor. For those new to the benefits space, the challenge lies in understanding the nuances of pre-tax benefit plans and COBRA regulations. Recognizing this need, Benefit Resource, Inc.

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Benefit Resource Inc.

DECEMBER 5, 2023

Understanding the intricacies of pre-tax benefit plans and COBRA regulations is crucial, but for those new to the field, it can be a challenging endeavor. For those new to the benefits space, the challenge lies in understanding the nuances of pre-tax benefit plans and COBRA regulations. Recognizing this need, Benefit Resource, Inc.

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Employee Benefits Taxes Education Flexible Spending 52

Benefit Resource Inc.

MAY 12, 2023

Luckily, pre-tax savings benefits like FSAs and HSAs can help alleviate some of that financial burden. Read the full article Featured In: The post FSA and HSA Eligible Expenses That May Surprise You appeared first on BRI | Benefit Resource. Taking care of our health is a top priority, but it can also be expensive.

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Banking Taxes Employee Benefits Flexible Spending 52

Business Management Daily

NOVEMBER 30, 2021

Flexible spending accounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses. See our previous article here to learn what purchases are eligible for FSA reimbursement.

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Benefit Resource Inc.

MARCH 7, 2019

So far, I’ve shared my experiences about how I saved on my commute and health insurance with tax-free accounts. On top of my CBP and my HSA, I can now sign up for a Dependent Care Flexible Spending Account (DC FSA). the elderly people have to be claimed as a dependent on your tax return, otherwise no dice for a DC FSA.

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Benefit Resource Inc.

JUNE 6, 2019

An article from The Chicago Tribune describes it this way: “Screening mammograms are X-rays of breast tissue recommended for women to have annually beginning in their 40s. If needed, our pre-tax health account would cover additional diagnostic tests, as well as hospital services, lab fees, and mastectomy-related special bras.

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Out of Pocket Cost Health Savings Account Mining Healthcare 61

Genesis HR Solutions

MARCH 26, 2019

This voluntary certification means the organization meets certain requirements regarding tax compliance, experience, business location, financial reporting, bonding, and other things. Certified PEOs take on additional responsibilities with regard to payroll administration, federal employment tax reporting, and payments of their clients.

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Benefit Resource Inc.

OCTOBER 9, 2019

That includes pre-tax benefits. Our last article focused exclusively on pre-tax terms. This time, we’ll be taking a Open Enrollment-centric approach, reviewing terms that might come up in relation to pre-tax benefits, but aren’t specifically about it. It was one of our most read blogs for a while.

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Higginbotham

MARCH 17, 2023

While many employers are familiar with health savings accounts (HSAs) and flexible spending accounts (FSAs), lifestyle spending accounts (LSAs) are an emerging benefit that can provide flexible and personalized support to employees. This article explores LSAs, including their benefits and disadvantages.

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Genesis HR Solutions

NOVEMBER 20, 2018

Payroll tax compliance. To learn more about PEO health insurance, check out our article, How does health insurance with a PEO work for small businesses? Flexible spending programs. A PEO partner should also manage payroll and taxes, and ensure your payroll taxes are deposited and filed accurately and on time.

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Benefit Resource Inc.

NOVEMBER 24, 2020

Here are some products that are functional for both beauty and health that you can purchase with your pre-tax health account. Remember: If you order from an online retailer like Amazon or FSA Store, the shipping and handling costs for the eligible items are covered by your pre-tax accounts. Acne prevention. Eligibility check.

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Benefit Resource Inc.

JULY 3, 2023

You can use funds from your pre-tax account to pay 1 for the visit. In this article, the term “benefits card” refers to the multi-purse Beniversal ® Prepaid Mastercard ®. The medical attention you receive at an Urgent Care center is considered an eligible expense. Finally, yes, a wrist brace is an eligible expense.

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Genesis HR Solutions

AUGUST 9, 2018

In this article, we’ll look at: The benefits most businesses offer. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. How much of an employee’s salary is made up of benefits. Common Employee Benefits.

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Vantage Circle

SEPTEMBER 11, 2023

These include self-service employee onboarding, document storage, payroll processing, tax filing, reporting, and human resources (HR) compliance assistance. This article is written by Vaishali Goswami , a member of the content team at Vantage Circle. Pic Credit Criteria Ease of Use Features Customer Support Pricing Ratings 4.6/5

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Benefit Resource Inc.

NOVEMBER 19, 2020

Additionally, they should take into account all individuals who were employed throughout the year, whether active or terminated, if they participated in any pre-tax benefits plans. Read this article from PLANSPONSOR to better understand how. Your tests should be completed as of the last day of the plan year. Be ready for 2021.

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Higginbotham

OCTOBER 5, 2023

In this article, we will explore a range of innovative employee benefits that can help companies attract and retain the best talent in their industries. Microsoft offers employees either a Health Savings Account (HSA) or a Flexible Spending Account (FSA).

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Flimp Communications

OCTOBER 30, 2024

Their tax advantages and investment potential can help employees reduce healthcare costs, save for retirement, and maximize tax refunds. Higher HSA enrollment and usage can take a bite out of your company’s FICA taxes. And by investing your HSA, you can actually make money tax-free. Invest, Invest, Invest!

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