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. Your employer owns your FSA.

401(k) 98

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

WEX Inc.

AUGUST 29, 2023

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? For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. What are fertility benefits?

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

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)? They are employer-owned accounts. However, the IRS does allow employers the option to offer an FSA carryover option to their employees.

Medical 98

Medical Flexible Spending Account Flexible Spending Taxes 98

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. Because of an FSA’s tax advantages, the IRS requires employers and employees to prove that FSA funds are only being spent on eligible expenses. Why is substantiation required?

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Taxes Medical 98

WEX Inc.

JULY 9, 2023

A dependent care flexible spending account lets participants set aside pre-tax dollars to help pay for dependent care. To be eligible for this type of FSA when offered through your employer, you and your spouse (if applicable) must be employed, or your spouse must be a full-time student or looking for work.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Taxes Consulting 98

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.

Health 98

Health Flexible Spending Account Health Savings Account Flexible Spending 98

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.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

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. In general, an FSA carryover applies to only medical FSAs. We break down FSA carryovers below.

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Flexible Spending Account IT Flexible Spending Taxes 98

Benefit Resource Inc.

MAY 2, 2023

As a result, many employers are in hyper-vigilance mode, anticipating the next recession and bracing themselves for a potentially difficult ride. In this climate, employers are considering a range of strategies to mitigate their financial risks in anticipation of a possible recession.

Employment 52

Employment Flexible Spending Account Benefits Package Healthcare 52

WEX Inc.

JULY 7, 2023

The IRS’ use-or-lose rule governs flexible spending accounts (FSAs). A flexible spending account (FSA) is an employer-sponsored benefit that allows employees to set aside a portion of their pre-tax salary to pay for qualified medical expenses or dependent care expenses. What is a FSA?

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account IT 52

WEX Inc.

AUGUST 2, 2023

A flexible spending account (FSA) allows participants to save money by setting aside pre-tax dollars to pay for eligible medical, dental , vision and dependent care expenses incurred by you, your spouse, or your eligible dependents. FSAs are an employer-owned account , and the IRS sets limits on annual FSA contributions.

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Flexible Spending Account Deductions Deductible Health 98

WEX Inc.

MAY 24, 2023

Often, employees feel confused about their benefits plans options, especially if their employer is using “complicated HR jargon” in their benefits messaging. Let’s explore tips on how employers can effectively communicate benefits messaging to employees in a way that’s relatable and easy to understand. It is not legal or tax advice.

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Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

WEX Inc.

OCTOBER 15, 2024

Today, to commemorate National Health Savings Account Awareness Day (HSA Day) celebrated annually on October 15, WEX is highlighting available resources to help employers and employees better understand the impressive value of HSAs for both wellbeing and wallets. Employers’ contributions to employees’ HSAs are tax deductible.

401(k) 52

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

WEX Inc.

SEPTEMBER 7, 2023

Flexible spending accounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. For legal, financial, or tax advice, you should consult your own legal counsel, tax and investment advisers. Download now! It is not legal, financial, or tax advice.

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

WEX Inc.

JULY 20, 2023

Nearly two-thirds of large employers offer their employees a choice between an HSA-eligible health plan (also known as a high-deductible health plan ) and a traditional health plan. Smaller employers may face challenges in providing these options, although participants have said they are interested in these health plan choices.

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Deductible Deductions Flexible Spending Account Health Savings Account 75

Griffin Benefits

OCTOBER 1, 2022

Among the various transparency rules contained within the Consolidated Appropriations Act is a requirement for employers to provide certain plan information about prescription drugs. Additionally, account-based plans, like health reimbursement arrangements (HRAs) and health care flexible spending accounts (FSAs), are not required to report.

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Insurance Carriers Employment Flexible Spending Account Insurance 67

Benefit Resource Inc.

DECEMBER 16, 2022

If you have a Flexible Spending Account (FSA), you’re down to the wire on spending time for the year. By virtue of being a “use-it-or-lose-it” account, unused FSA funds run the risk of being forfeited* by you and collected by your employer. 2) Check your plan highlights. Click here.

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Flexible Spending Account Flexible Spending Medical Food 75

WEX Inc.

JANUARY 4, 2023

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 ability to spend down funds depends on a number of factors, and those factors can be specific to your employer’s FSA. Your HSA funds can be used to pay for COBRA premiums.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

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

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Flexible Spending Account Flexible Spending Health Savings Account Taxes 52

Flimp Communications

OCTOBER 25, 2024

Helping employees keep their distracting financial anxiety at bay is a vital part of that — and one reason so many employers are investing in financial wellness programs. Consult a financial advisor if you are unsure. This free email template is a quick reminder to spend unused FSA funds before it’s too late.

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roth 401(k) 401(k) Flexible Spending Account Taxes 52

WEX Inc.

AUGUST 24, 2023

It’s important not to lose sight of that when developing content and communicating that you offer a health savings account (HSA) , flexible spending account (FSA) , or any other benefits. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.

Education 52

Education Flexible Spending Account Health Savings Account Flexible Spending 52

Business Management Daily

NOVEMBER 15, 2021

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. Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. Types of FSA Plans. Healthcare FSA.

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Flexible Spending Account Flexible Spending Medical Healthcare 98

Health Consultants Group

OCTOBER 1, 2021

Just like workers in all business environments, your employees are assessing their lives, reevaluating their careers, and reconsidering their employment options. . Health Savings Accounts. Flexible Spending Accounts: funded by salary reduction. Call Health Consultants Group at (800) 367-2482. Contact Us.

Employee Benefits 86

Employee Benefits Family and Medical Leave Act Flexible Spending Account Health Savings Account 86

HR Lineup

JUNE 15, 2023

Designed to meet the needs of both employers and employees, Benefit Elect provides a user-friendly interface and a variety of tools to enhance the benefits enrollment and administration process. With its intuitive and easy-to-use platform, employers can efficiently manage their benefits packages, saving time and effort.

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Flexible Spending Account Benefits Package Flexible Spending Retirement Plan 52

WEX Inc.

SEPTEMBER 24, 2024

Being able to differentiate yourselves as an employer by saying ‘Whatever is important to you (like your pets) is important to us too’ really helps employers to stand out,” said Moszer on our Benefits podcast. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.

Recruitment 52

Recruitment Flexible Spending Account Health Savings Account Medical 52

CorpStrat

JANUARY 22, 2024

This means your employees can consult healthcare professionals from the comfort of their homes, saving time and reducing the need for in-person visits. — As employers, you play a pivotal role in ensuring your team is aware and making the most of these benefits. Hidden Gems In Your Employee Benefits Plan 1.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

MARCH 20, 2024

Every day, we have the privilege of working closely with thousands of employers, employees, and consultants, fostering relationships built on trust to simplify benefits and offer tax-advantaged savings and peace of mind,” said Jennie Boeckmann, BRI regional sales manager.

Health Savings Account 52

Health Savings Account Flexible Spending Account Flexible Spending Taxes 52

PeopleStrategy

OCTOBER 10, 2023

Open enrollment season can be a challenging time for both employees and employers. Employees are often inundated with complex benefit options and decisions, while employers struggle to communicate these options effectively. Offer Choice and Flexibility Employees value choice and flexibility.

Flexible Spending Account 52

Flexible Spending Account Retirement Plan Voluntary Benefits Flexible Spending 52

HR Lineup

FEBRUARY 13, 2023

USI is a leading insurance brokerage and consulting firm that specializes in employee benefits. USI’s employee benefits offerings are designed to meet the needs of a diverse workforce and support employers in creating a supportive and healthy work environment.

Employee Benefits 52

Employee Benefits Flexible Spending Account Disability Insurance Health Savings Account 52

WEX Inc.

JANUARY 3, 2023

Fortunately, your health savings account (HSA) is an employee-owned account, so it stays with you, even when you switch employers. Why adding an FSA makes an HSA even better Did you know that you can participate in both an HSA and a flexible spending account (FSA)? How much should you contribute to your HSA?

Education 52

Education Flexible Spending Account Health Savings Account Flexible Spending 52

Empuls

JULY 11, 2023

In the ever-evolving world of employment, organizations are increasingly focusing on enhancing employee satisfaction and well-being. tax free benefits are those that provide financial advantages for both employees and employers by avoiding certain taxes and deductions. Tax savings for employers.

Employee Benefits 40

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

WEX Inc.

APRIL 12, 2023

Health saving accounts (HSAs) offer an excellent opportunity for participants to save money on healthcare expenses and for employers to support their employees’ wellness needs in a cost-efficient way. With employer-sponsored health plans, there’s fiduciary oversight. An article from SHRM says employers have to: File Form 5500s.

Health Savings Account 52

Health Savings Account Deductions Deductible Flexible Spending Account 52

WEX Inc.

SEPTEMBER 6, 2023

Being able to differentiate yourselves as an employer by saying ‘Whatever is important to you (like your pets) is important to us too’ really helps employers to stand out,” said Moszer on our Benefits Buzz podcast. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.

Recruitment 59

Recruitment Flexible Spending Account Health Savings Account Medical 59

Benefit Resource Inc.

APRIL 21, 2021

Flexible Spending Accounts are not eligible for subsidy. Individuals who voluntarily termed employment, who are eligible for Medicare or eligible for any other Group Health Plan are not eligible. When do employers need to provide the completed Participant Lookback Report? What is the subsidy period?

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Flexible Spending Account Taxes Flexible Spending Insurance 74

Insperity

FEBRUARY 13, 2018

This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more. Also, offer an employer match, if possible, on a percentage of their pay. Everybody wins.

401(k) 74

401(k) Disability Insurance Flexible Spending Account Deductions 74

Benefit Resource Inc.

OCTOBER 1, 2020

121 Benefits pride s itself on providing personalized, high-touch service that makes employers feel like they’re our only client ,” says Linda H e uer , President at 121 Benefits. “ The firm believe s that creating, accessing, and using benefits should be as simple and stress-free as possible.

Flexible Spending Account 45

Flexible Spending Account Health Savings Account Flexible Spending Transportation 45

Benefit Resource Inc.

FEBRUARY 25, 2020

If you offer a Dependent Care Flexible Spending Account, (DCFSA) you know it can provide a lot of really great child care benefits. And you probably also know that the limits on the account have been stuck at $5,000 for those married and filling jointly, or $2,500 for single taxpayers.

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