WEX Inc.

FEBRUARY 15, 2023

Did you recently elect to participate in a medical flexible spending account (FSA) ? What is a medical flexible spending account (FSA)? A medical FSA is a tax-advantaged employee benefit that gives participants the opportunity to save on out-of-pocket medical, dental, and vision eligible expenses.

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WEX Inc.

AUGUST 29, 2023

Reasons can vary, which is why wide-ranging fertility benefits can also improve the lives of any adult wanting to start a family. And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexible spending account (FSA) funds? What are fertility benefits?

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WEX Inc.

FEBRUARY 23, 2023

And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. 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.

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WEX Inc.

NOVEMBER 27, 2024

Pre-tax benefits savings Premiums aren’t the only way you can save on healthcare costs. Pre-tax employee benefits plans, such as HSAs and flexible spending accounts (FSAs) , let you save money by putting aside pre-tax dollars to pay for eligible medical, dental, vision and other expenses.

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WEX Inc.

AUGUST 7, 2023

Sunscreen can cost as much as $40 a bottle, but did you know you can actually use your health savings account (HSA) or medical flexible spending account (FSA) funds on many SPF-related expenses? Sunscreen There’s a good chance you’re planning on spending some time in the sun over the next few months. How’s your sunscreen stock?

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WEX Inc.

JANUARY 4, 2023

In this blog post, we outline some of the ways your ability to use your employee benefits changes when you elect COBRA. Flexible Spending Account (FSA) If you were enrolled in an FSA prior to electing COBRA, you may still be able to tap into your FSA funds. For legal or tax advice, you should consult your own counsel.

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WEX Inc.

AUGUST 10, 2023

You might be surprised to learn that your health savings account (HSA) and medical flexible spending account (FSA) can help you save on purchases of a variety of back-to-school, expenses, including: Thermometers. For legal, financial, or tax advice, you should consult your own legal counsel, tax and investment advisers.

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WEX Inc.

SEPTEMBER 21, 2023

However, for participants of health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. It is not legal or tax advice.

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WEX Inc.

JULY 9, 2023

A dependent care flexible spending account lets participants set aside pre-tax dollars to help pay for dependent care. Contributing to this benefit reduces taxable income and spreads the benefits of pre-tax dollars throughout the year, helping you save 30 percent or more on your dependent care costs.

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InterWest Insurance Services

JANUARY 26, 2022

The report on the study by the health care consulting company Centivo urges employers to consider new ways to reduce the medical financial burden some of their employees may be experiencing. These are funded with deductions from the employees’ salaries before taxes are taken out.

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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. It is not legal or tax advice.

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WEX Inc.

MAY 4, 2023

The IRS requires your flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. Check out the below FSA documentation cheat sheet. It is not legal or tax advice.

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CorpStrat

JANUARY 22, 2024

As we settle into 2024, many teams have recently renewed their Employee Benefits plans. It’s the perfect time to take a closer look and remind your employees about the fantastic, often underutilized benefits these plans offer. Communicating these benefits effectively is equally important as providing them.

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WEX Inc.

AUGUST 14, 2023

A flexible spending account (FSA) carryover is one way you can provide flexibility to employees who participate in these accounts. Yes, employers do have the option of providing employees with an FSA carryover. This blog was originally published in August 2021 and most recently updated in August 2023.

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WEX Inc.

SEPTEMBER 7, 2023

Most employees are about to have the opportunity to re-evaluate their benefits options during open enrollment. Flexible spending accounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. Download now! It is not legal, financial, or tax advice.

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WEX Inc.

MAY 24, 2023

“I think it’s really important to tie it back to things that are meaningful to [employees]….their It’s about what a health savings account or a flexible spending account can do for them." Increase communication One main reason why employees don’t understand their benefits is a lack of communication from their employers.

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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 legal or tax advice, you should consult your own legal counsel, tax and investment advisers.

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Insperity

MARCH 12, 2024

Launching a successful benefits program in your workplace calls for a savvy employee benefits strategy. Here, we’ll cover everything you need to know about employee benefits. Common employee benefits Here’s a list of the employee benefits that should be on your radar.

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McNees

JANUARY 19, 2021

The Consolidated Appropriations Act, 2021 (“Act”), signed by President Trump on December 27, 2020, contains several provisions affecting employee benefits. Here is what you should know: Temporary Special Rules for Health and Dependent Care Flexible Spending Arrangements.

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Empuls

JULY 11, 2023

Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent. These perks not only provide employees with financial advantages but also contribute to a more fulfilling and enjoyable work experience.

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WEX Inc.

MARCH 20, 2023

Your benefits administrator may also offer non-discrimination testing , which is required for flexible spending accounts (FSAs) , health reimbursement arrangements (HRAs) , and more. Do our employees understand and value their benefits? For legal or tax advice, you should consult your own counsel.

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WEX Inc.

JULY 20, 2023

HSA or FSA options Similar to the choice in health plans, many participants told us in the survey that they wanted to choose between either a health savings account (HSA) or a flexible spending account (FSA). For legal, financial, or tax advice, you should consult your own legal counsel, tax and investment advisers.

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Benefit Resource Inc.

NOVEMBER 29, 2023

The importance of employee benefits should not be underestimated. There are any number of employee benefits you can take advantage of which either contribute to your financial security or provide you more time to enjoy the little things in life. Use paid time (and personal savings) for a relaxing vacation.

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WEX Inc.

JULY 7, 2023

The IRS’ use-or-lose rule governs flexible spending accounts (FSAs). This rule is one of the big differentiators between FSAs and other types of employee benefits. For legal or tax advice, you should consult your own counsel. So what is the use-or-lose rule? And what does it mean for the upcoming plan year?

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WEX Inc.

FEBRUARY 2, 2023

From an employee benefits and COBRA perspective, this would mean that temporary extensions introduced during the COVID-19 pandemic will also expire. FSAs and HRAs EBSA Disaster Relief Notice 2020-01 also granted a temporary extension to run-out periods for flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs).

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WEX Inc.

AUGUST 24, 2023

You’ve probably read advice on how to do that, but we’ve got the data to back up a strategy, and it comes directly from your employees. Earlier this year, we surveyed nearly 60,000 of our participants to learn more about their questions and pain points regarding employee benefits. That’s what motivates your employees.

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WEX Inc.

JANUARY 3, 2023

To kick off another year of providing you with the employee benefits tips and information you need, we wanted to look back at your favorite blog posts from the last year. Fortunately, your health savings account (HSA) is an employee-owned account, so it stays with you, even when you switch employers.

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WEX Inc.

JUNE 13, 2024

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 and helping you and your employees save money. But how can you effectively communicate and offer FSAs to your employees?

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CorpStrat

APRIL 30, 2021

The subsidy requirement applies to major medical, dental, and vision plans offered by employers, but does not apply to Health Flexible Spending Accounts (HFSA). The post Everything You Need to Know About the American Rescue Plan Act & the COBRA Premium Subsidy appeared first on CorpStrat: HR | Payroll | Employee Benefits.

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Benefit Resource Inc.

MAY 2, 2023

Offering pre-tax benefits First, if employee benefits aren’t already offered, employers can help alleviate the financial burden of healthcare costs for their employees by providing pre-tax benefits. Telehealth can contribute to enhanced healthcare quality and outcomes for employees.

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Vantage Circle

NOVEMBER 23, 2023

These programs, focusing on engagement and accessibility, provide a powerful incentive for employees, demonstrating that their organization cares about their financial well-being and quality of life. How to Offer : Two companies, Corporate Offers and Vantage Circle , offer competitive and efficient discount programs to their employees.

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Benefit Resource Inc.

OCTOBER 1, 2020

About 121 Benefit s : . 121 Benefits ( 121benefits.com ) core focus is delivering employee benefits with personalized, high-touch service clients can rely on. The firm believe s that creating, accessing, and using benefits should be as simple and stress-free as possible.

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WEX Inc.

SEPTEMBER 6, 2023

HSAs and FSAs: Service dog expenses Health savings accounts (HSAs) and flexible spending accounts (FSAs) may provide an additional avenue for covering the cost of a service dog. Learn more about the benefits of a pet-friendly workplace. Peace of mind knowing that your pet is covered for life. It is not legal or tax advice.

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WEX Inc.

APRIL 12, 2023

First, employees need to be covered by an HSA-eligible health plan, otherwise known as a high-deductible health plan (HDHP). 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). It is not legal or tax advice.

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Genesis HR Solutions

NOVEMBER 20, 2018

Don’t miss out on great employees because your small or midsize business can’t afford the benefits your competition offers. In addition to the insurance benefits listed above, Genesis offers the following: 401(k) options. Employee assistance plan (EAP). Flexible spending programs. Health savings account.

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Empuls

OCTOBER 11, 2023

A common notion amongst many employees as well as employers is that health and wellness stipends are insurance policies that are bought by the employer for the employees. With many "App Doctors" now available at bay, organizations can get that service to the employees' disposal. No, that’s not the case.

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WEX Inc.

JANUARY 6, 2025

In this blog post, we outline some of the ways your ability to use your employee benefits changes when you elect COBRA. Flexible spending account (FSA) If you were enrolled in an FSA prior to electing COBRA, you may still be able to tap into your FSA funds. Your HSA funds can be used to pay for COBRA premiums.

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