WEX Inc.

MAY 10, 2024

Health savings account (HSA) contribution limits are on the rise again in 2025. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. 2025 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. It is not legal or tax advice.

Health Savings Account 105

Health Savings Account Deductible Deductions Taxes 105

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.

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.

JULY 24, 2023

And it’s a solution you might already be offering: the health savings account. These accounts provide another way for your employees to diversify their efforts to prepare for retirement. What employers are saying about employee finances and retirement? Can someone open an HSA without going through their employer?

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

WEX Inc.

MAY 8, 2023

HDHP vs. PPO deductible Nearly two-thirds of large employers provide their employees with the choice of an HDHP and a traditional health plan , such as a preferred provider organization (PPO). For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. It is not legal or tax advice.

Deductible 97

Deductible Deductions Health Savings Account Employee Enrollments 97

WEX Inc.

MAY 17, 2023

Health savings account (HSA) contribution limits are on the rise again in 2024. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. 2024 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Be bold in support of your employees' retirement needs!

Health Savings Account 98

Health Savings Account Deductible Deductions Taxes 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? For legal or tax advice, you should consult your own counsel. How’s your sunscreen stock? It is not legal or tax advice.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

OCTOBER 9, 2024

Health savings accounts (HSAs) and flexible spending accounts (FSAs) are often misunderstood, despite their significant financial advantages. It’s time to clarify the ins and outs of these tax-saving healthcare accounts and answer some HSA and FSA FAQs. If not, the employee risks forfeiting the money.

Flexible Spending Account 95

Flexible Spending Account Health Savings Account Flexible Spending Taxes 95

WEX Inc.

SEPTEMBER 21, 2023

Visual health is a vital component of overall well-being, and unexpected eye-related expenses can put a strain on your finances. 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.

Health 98

Health Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

JUNE 13, 2024

An HSA is … A health savings account (HSA) is a tax-advantage account that participants can pay for healthcare expenses, save for the future, and invest to build your savings. Employers can also contribute to their employees’ HSAs. Employers can also contribute to their employees’ HSAs.

401(k) 96

401(k) Retirement Plan Health Savings Account Deductible 96

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.

Flexible Spending Account 97

Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

WEX Inc.

MAY 12, 2023

There are a variety of ways you can promote mental health in the office , and one way is to provide benefits that support your employees' needs. For example, your employees can use their health savings account (HSA) to improve their financial wellness and save money on a variety of mental health-related expenses.

Health Savings Account 98

Health Savings Account Medical Retirement Plan Taxes 98

WEX Inc.

SEPTEMBER 25, 2023

A great example of this is education at summertime around how to maximize your health savings account (HSA) dollars for typical hot weather spending such as sunscreen and aloe vera! However, less than half of benefit-eligible employees actually take advantage of employer-offered benefits. It is not legal or tax advice.

Voluntary Benefits 98

Voluntary Benefits Health Savings Account PTO Retirement Plan 98

CorpStrat

DECEMBER 4, 2024

As the year winds down, employers have a crucial opportunity to fine-tune their employee benefits strategy. Pairing high-deductible health plans (HDHPs) with Health Savings Accounts (HSAs) or adding wellness programs can help employees offset costs while staying engaged in their health.

Employee Benefits 52

Employee Benefits Employment Disability Insurance Health Savings Account 52

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. . Accident and Health Benefits . Health Savings Accounts. Flexible Spending Accounts: funded by salary reduction. Adoption Benefits. Contact Us.

Employee Benefits 86

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

WEX Inc.

JULY 24, 2024

For example, WEX benefits administration clients can take advantage of our custom communication workshops where we consult with key stakeholders to create a campaign, creative theme, and point of focus around a specific enrollment goal, or particular benefit offering for employee education outreach. goal technique.

Health Savings Account 59

Health Savings Account Taxes Health Insurance Deductible 59

InterWest Insurance Services

APRIL 27, 2023

A new report has found that small businesses that purchase their group health insurance online or through payroll vendors saw the largest premium hikes in 2022, significantly higher than those that went through brokers. Overall, more than half of SMB employees opt out of their employer-sponsored coverage.

Health Insurance 82

Health Insurance Insurance Out of Pocket Cost Deductible 82

InterWest Insurance Services

AUGUST 5, 2022

As the 2023 group health open enrollment season nears, more employers have heard concerns among their staff and are focusing on affordability and easier access to health care services, according to a new study. The survey found that 70% of all large employers were planning benefit enhancements for 2023.

Health Insurance 94

Health Insurance Insurance Deductible Deductions 94

WEX Inc.

JANUARY 2, 2025

The ACA code cheat sheet you need To simplify how employers communicate medical benefit details under the Affordable Care Act (ACA), the IRS introduced two specific ACA codes. 7 basic rules of an HSA you need to know Maximize the potential of your health savings account (HSA) by mastering these 7 essential rules.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

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

Deductible 75

Deductible Deductions Flexible Spending Account Health Savings Account 75

WEX Inc.

AUGUST 2, 2023

A FSA is an account that allows you to set aside pre-tax funds to pay out-of-pocket healthcare costs. FSAs are an employer-owned account , and the IRS sets limits on annual FSA contributions. Employers can provide either a grace period to use the money within the plan year, or a carryover of up to $610 from the plan year.

Flexible Spending Account 98

Flexible Spending Account Deductible Deductions Health 98

WEX Inc.

OCTOBER 4, 2023

The 20th anniversary of health savings accounts (HSAs) marks a significant milestone for these accounts, which have empowered tens of millions of Americans to save for both immediate and future medical expenses. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.

Health Savings Account 64

Health Savings Account Healthcare Education Taxes 64

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. Consider offering tools that estimate potential savings based on different expense levels, showcasing the value of even minor contributions to an FSA. Download now!

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 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.

DECEMBER 5, 2024

Have you recently changed employers? Fortunately, when you participate in a health savings account (HSA) through your employer, your HSA stays with you. There are plenty of myths about HSAs , but today let’s tackle what really happens to your HSA when you change employers. We’ve got you covered.)

Health Savings Account 52

Health Savings Account Taxes Deductible Deductions 52

Benefit Resource Inc.

NOVEMBER 29, 2023

Additionally, you may also already have a built-in savings option to pay for your COBRA premiums. A health savings account is not only an important component to paying for medical expenses today, but it is a tool you can use throughout retirement.

401(k) 98

401(k) Medical Retirement Plan Health Savings Account 98

WEX Inc.

DECEMBER 12, 2024

Targeted recommendations: By analyzing factors such as age, role, family status, and location, AI can suggest benefits options like health savings accounts (HSAs) , retirement plans, or wellness programs that are most relevant to each employee. Check it out here. It is not legal, tax or investment advice.

Health Savings Account 52

Health Savings Account Benefits Package Retirement Plan Taxes 52

WEX Inc.

JANUARY 8, 2025

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. Or watch our Benefits podcast to learn how employers can support employees while starting off the benefits plan year!

Flexible Spending Account 52

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

WEX Inc.

OCTOBER 12, 2023

As an employer, providing a robust employee benefits package is only half the battle. Health savings accounts (HSAs) HSA participants save money by contributing funds to their HSA pre-tax. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. Download now!

Education 52

Education Health Savings Account Taxes Consulting 52

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. It is not legal, tax, or investment advice.

401(k) 52

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

WEX Inc.

JANUARY 9, 2025

Open enrollment is an important time for HR professionals and employers, since its the moment employees make decisions that impact their health, finances, and overall wellness for the coming year. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. It is not legal or tax advice.

Employee Benefits 52

Employee Benefits Health Savings Account Taxes Education 52

WEX Inc.

NOVEMBER 19, 2024

Health savings account (HSA) eligibility is determined on an individual basis. If the employee is enrolled in a qualifying high-deductible health plan (HDHP) , does not have any disqualifying coverage, and cannot be claimed as another’s tax dependent, the employee is eligible to contribute to an HSA.

Health Savings Account 52

Health Savings Account Deductible Deductions Taxes 52

Griffin Benefits

DECEMBER 30, 2022

On nearly the eve of its expiration, Congress has extended the ability of high deductible health plans (“HDHPs”) to offer first-dollar telehealth coverage through plan years beginning before January 1, 2025. This will allow participants receiving this coverage to continue to contribute to a health savings account (“HSA") for this purpose.

Deductible 84

Deductible Deductions Health Savings Account Taxes 84

WEX Inc.

JANUARY 4, 2023

And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility. Health Savings Account (HSA) HSAs are individually owned accounts, so your HSA will stay with you no matter whether or how you qualify for COBRA.

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. Learn more at inspirafinancial.com.

Health Savings Account 52

Health Savings Account Flexible Spending Account Flexible Spending Taxes 52

WEX Inc.

JANUARY 14, 2025

Schedule workshops or webinars to break down complex topics like: Health savings accounts (HSAs) Flexible spending accounts (FSAs) Retirement planning options Emphasize the total rewards picture Highlight how your benefits program fits into your companys total rewards strategy. It is not legal or tax advice.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Retirement Plan 52

WEX Inc.

OCTOBER 8, 2024

While health savings accounts (HSAs) can support short-term and emergency needs , HSA participants are increasingly taking advantage of these accounts’ investment potential. Leveraging employer-matching contributions to grow your funds. In 2023, HSA investment assets grew 37% year-over-year to nearly $46 billion.

401(k) 52

401(k) Health Savings Account Deductible Deductions 52