Remove Benefits Package Remove Flexible Spending Account Remove Out of Pocket Cost
article thumbnail

Election year impact: What’s next for employee benefits?

WEX Inc.

He suggested that bipartisan efforts to address rising drug prices could emerge, which could ultimately benefit both employers and employees by lowering costs. One intriguing possibility is that lower drug prices could lead to a shift in how employees use tax-advantaged benefits like HSAs and flexible spending accounts (FSAs).

article thumbnail

5 ways you can help employees get the most from their benefits

Insperity

From employer-sponsored health insurance to retirement savings plans, an attractive benefits package can help you hire the best employees and ensure you retain them for many years to come. But as incredible as it may seem, many employees don’t take full advantage of all the benefit options their employer offers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FSA eligible expenses — what purchases count?

Business Management Daily

Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. Employers are constantly looking for ways to remain competitive in their benefits offerings, and an FSA is a great add-on to your benefits package. Wherever you fall, we have answers for you.

article thumbnail

Top 10 Employee Benefits for 2021

Best Money Moves

HR trends forecast the most desired employee benefits for 2021 like financial wellness programs and flexible work arrangements. It’s time for employers to start planning their employee benefits packages for 2021. 4 Paid Time Off.

article thumbnail

Employee benefits for small businesses

Higginbotham

Health insurance is a key element of any employee benefits package, but small business owners should consider offering other benefits as well. This can leave workers with many out-of-pocket costs. Vision Center says that standard glasses usually cost up to $600, and that’s without name brand frames.

article thumbnail

Executive benefit reimbursement plans

Higginbotham

Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocket costs that aren’t covered by their various plans. A benefit reimbursement plan offers a way to cover these costs. A health reimbursement plan gives employers a way to cover these costs.

article thumbnail

The benefits of an HSA account

Higginbotham

The owner of the account can use it to pay for qualified medical expenses. Unlike Flexible Spending Accounts (FSAs), which are owned by employers, individuals own HSAs. However, as these plans also have higher out-of-pocket costs, they may not be a good option for people with higher health care expenses.