WEX Inc.

AUGUST 15, 2023

Whether you're transitioning from your parents' insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. For starters, let’s look at a few considerations when evaluating health plans for the first time.

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Deductible Deductions Healthcare Flexible Spending Account 98

InterWest Insurance Services

MARCH 4, 2022

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Fortunately, there is another option: a health reimbursement arrangement (HRA). Qualified medical expenses. How HRAs work.

Medical 98

Medical Health Insurance Out of Pocket Cost Deductible 98

Qandle

JUNE 20, 2023

Benefits and Deductions: Collect information related to employee benefits and deductions, such as health insurance, retirement contributions, flexible spending accounts, loan repayments, or garnishments. A detailed overview appeared first on The Qandle Blog. The post What are The Pre-Payroll activities?

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Payroll Flexible Spending Account Overtime Payroll Software 98

WEX Inc.

SEPTEMBER 14, 2023

When approaching open enrollment, do … Evaluate available health insurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. The “daily grind” can often get in the way of the big picture, but don’t let it!

401(k) 98

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

InterWest Insurance Services

JULY 4, 2024

The average employer covers 78% of their employees’ health insurance premiums, up from 74% in 2022. Participation in HSAs and flexible spending accounts fell 20% from 2022 to 2024, indicating that employers are not doing enough to educate their staff about these tax-advantaged accounts.

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Voluntary Benefits Flexible Spending Account Deductible Deductions 97

InterWest Insurance Services

SEPTEMBER 23, 2024

They have three specific flexible benefits for your employees to choose from: Pre-tax health insurance premium deductions Premium-only plans allow your employees to elect to withhold a portion of their pre-tax salary to pay for their portion of the premium contribution to their employer-sponsored plan.

Flexible Spending Account 94

Flexible Spending Account Benefits Package Deductible Deductions 94

InterWest Insurance Services

JULY 20, 2022

To help these new recruits get the most out of the benefits you offer, you can start by focusing on the following: School them on health insurance. To many new Gen Z recruits, signing up for health insurance and actually using their benefits is a foreign concept.

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Education 401(k) Deductible Deductions 98

InterWest Insurance Services

NOVEMBER 25, 2022

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. 7,750 for family coverage (up $450).

401(k) 98

401(k) Deductible Deductions Flexible Spending Account 98

InterWest Insurance Services

NOVEMBER 11, 2024

It’s almost time for year-end small group open enrollment and you need to drive engagement so that your employees can make informed decisions about their health insurance options. We want to help you help your employees understand all of their options so that they can purchase a plan that is appropriate for their situation.

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Flexible Spending Account Pharmaceutical Health Savings Account Flexible Spending 96

WEX Inc.

JANUARY 4, 2023

COBRA can provide important health insurance security when you’ve experienced job loss or another qualifying event. And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility. The information in this blog post is for educational purposes only.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

COMPackage

SEPTEMBER 30, 2024

The post Total Compensation Statement Template: A Powerful Tool for Employers first appeared on Total Compensation Reports Blog | COMPackage. Long-Term Incentives: This may involve stock options, restricted stock units, or profit-sharing plans.

401(k) 40

401(k) Flexible Spending Account Disability Insurance Employment 40

Benefit Resource Inc.

MARCH 12, 2019

This may be the shortest blog on pre-tax benefits you will ever read. When employees sign up for benefits like health insurance and pre-tax benefits. Generally, it is regarded as the dollar amount that is selected to be set aside in your account(s) during the year. Witness the transformation. Pre-tax benefits.

Taxes 63

Taxes Flexible Spending Account Health Savings Account Medical 63

Benefit Resource Inc.

OCTOBER 24, 2019

Now, which pre-tax account you can enroll in depends on what kind of health insurance you have. Type of Insurance Plan. Pre-tax Account You Can Enroll In*. Qualified high deductible health plan. Health Savings Account. Co-pay or co-insurance health plan. Flexible Spending Account.

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

Empuls

JULY 11, 2023

In this blog, we will discuss tax free or non taxable employee benefits. The primary purpose of this blog is to explore various tax free employee benefits and shed light on their advantages. Health insurance benefits Employer-provided health insurance is a widely offered benefit that often comes with tax advantages.

Employee Benefits 40

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

Benefit Resource Inc.

FEBRUARY 18, 2020

However, since an HSA is owned by the individual, the funds in the account remain with the individual even as they move on to new opportunities or benefits. By contrast, the underlying health insurance is subject to COBRA. The HSA (the account) plays two potential roles in connection to benefits continuation.

Taxes 40

Taxes Flexible Spending Account Health Savings Account Flexible Spending 40

Benefits Notes

FEBRUARY 9, 2022

Examples include online or telephone ordering, and may be provided through a pharmacy or retailer, the plan or health insurance issuer directly, or any other entity on behalf of the plan. Reasonable shipping costs related to the OTC COVID-19 tests must be covered by the plan or issuer.

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Retail Medical 40

PeopleStrategy

NOVEMBER 1, 2023

Explain any legal requirements and compliance details, such as the Health Insurance Portability and Accountability Act (HIPAA), and how these affect employees. Offering health and wellness programs? That evaluation will set you up when you start back at the beginning of this blog post in several months.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Utilities Flexible Spending 52

Flimp Communications

SEPTEMBER 25, 2024

As an HR professional, you deal with the consequences of health insurance illiteracy every day: Employees make poor choices based on incomplete knowledge or false assumptions, increasing frustration and driving up costs for your entire organization. Related: Health Insurance Key Terms, Explained. Wishing you good health!

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Health Insurance Insurance Health Savings Account Flexible Spending Account 98

Benefit Resource Inc.

NOVEMBER 6, 2018

If you have low enrollment rates for Flexible Spending Accounts (FSAs), you aren’t alone. While health insurance benefits are front and center during open enrollment, FSAs often feel like a well-kept secret or afterthought. Blog Support: What is substation and why is it required? The learning curve.

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Flexible Spending Account Flexible Spending Medical Health Insurance 45

Vantage Circle

SEPTEMBER 11, 2023

In this blog, we have handpicked some of the best benefits platforms that cater to all your requirements. Findings from the Blog? Benefits platforms also allow companies to centralize and automate the administration of employee benefits, such as health insurance, retirement plans, paid time off, and more.

Employee Benefits 52

Employee Benefits Payroll Retirement Plan Software 52

InterWest Insurance Services

SEPTEMBER 27, 2023

It’s almost time for group health insurance open enrollment and your top priority should be to drive participation by helping your employees make informed decisions about their options. It’s a balancing act, since each employee has different needs. You should use a variety of different media to communicate with them.

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Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 93

Vantage Circle

NOVEMBER 23, 2023

What can you take away from the blog Key Takeaways What are employee perks? In 2022, private health insurance coverage remained more prevalent than public coverage, at 65.6 Flexible Spending Accounts (FSAs): Pre-tax accounts for healthcare and dependent care expenses In the dynamic work landscape of the U.S.,

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Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 64

PeopleStrategy

SEPTEMBER 17, 2019

more than half of whom were employed: What is interesting is that even those who were unemployed said they would not immediately accept a high-paying job that offered no health insurance or other meaningful benefits. These include: Health insurance and related services : These are the bread and butter of contemporary benefits.

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Benefits Package Comprehensive Benefits 401(k) Flexible Spending Account 49

WEX Inc.

JANUARY 6, 2025

COBRA can provide important health insurance security when youve experienced job loss or another qualifying event. And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility. Subscribe to our blog to learn more!

Employee Benefits 98

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

FEBRUARY 4, 2025

By leveraging employee benefits such as health savings accounts (HSAs) , flexible spending accounts (FSAs) , lifestyle spending accounts (LSAs) , and wellness programs , employers can help their workforce prioritize heart health all year long. It is not legal, tax or investment advice.

Flexible Spending Account 94

Flexible Spending Account Employee Benefits Health Savings Account Flexible Spending 94

WEX Inc.

APRIL 2, 2025

Flexible spending accounts (FSAs) allow your employees to use pre-tax dollars to cover eligible out-of-pocket healthcare expenses, providing a tax-efficient way to manage medical costs. Check out our other compliance blog posts on HSAs , HRAs , LSAs , and voluntary benefits. It is not legal or tax advice.

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Flexible Spending Account Deductible Deductions Flexible Spending 90

Flimp Communications

MARCH 11, 2025

Here are the five most common misconceptions about health savings accounts: Myth #1: An HSA Is Just Another Healthcare Headache For better or worse, getting a health insurance claim paid can often involve jumping through a series of administrative hoops verifying coverage, securing referrals, requesting pre-approval, and so on.

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Health Savings Account Healthcare Deductible Deductions 52

InterWest Insurance Services

JANUARY 26, 2022

Only those that reported more than $10,000 in savings reported low levels of mental health issues. That highlights the need for employees to set aside funds for health care expenses through health savings accounts, flexible spending accounts and health reimbursement accounts.

Out of Pocket Cost 98

Out of Pocket Cost Deductible Deductions Flexible Spending Account 98