WEX Inc.

OCTOBER 17, 2024

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). Consult benefits attorneys: Having access to legal expertise can help navigate complex regulatory landscapes and ensure compliance with new laws.

Employee Benefits 59

Employee Benefits Flexible Spending Account Health Savings Account Out of Pocket Cost 59

WEX Inc.

JANUARY 2, 2025

5 common FSA terms you should know Boost your understanding of flexible spending accounts (FSAs) by mastering these 5 common terms. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. Check out our blog post to simplify your FSA experience and make the most of your benefits!

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending 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. For legal or tax advice, you should consult your own counsel. Weve compiled some tips to help you if you participate in a WEX benefits plan.

Flexible Spending Account 52

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

Money Talk

JANUARY 19, 2022

Estimate Future Retirement Income - Consult an online calculator to understand how a sum of money (savings) can turn into a stream of income. Check Your FSA - Learn the rules for your flexible spending account (FSA). Research studies have found that having guaranteed retirement income (e.g.,

Flexible Spending Account 187

Flexible Spending Account Taxes Pension Deductible 187

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

HR Lineup

JUNE 15, 2023

It allows employees to explore and select their desired benefits packages from a wide range of options, including health insurance, retirement plans, flexible spending accounts, and more. These include benefits consulting, compliance assistance, and customer support.

Flexible Spending Account 130

Flexible Spending Account Benefits Package Flexible Spending Retirement Plan 130

WEX Inc.

SEPTEMBER 26, 2024

When things change at lightspeed, it is imperative to have team members who understand what you need to do to stay in compliance, but also develop a detailed plan to execute, predict and account for downstream impacts. For legal or tax advice, you should consult your own counsel. Do our employees understand and value their benefits?

Employment 52

Employment Flexible Spending Account Flexible Spending Education 52

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)? For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. Check out our podcast episode below! It is not legal or tax advice.

Medical 98

Medical Flexible Spending Account Flexible Spending 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? 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.

SEPTEMBER 4, 2024

HSAs and FSAs as an option Health savings accounts (HSAs) and flexible spending accounts (FSAs) are among the pre-tax accounts you can contribute funds to and save money on healthcare costs. However, your eligibility for either account can be influenced by the health plan you choose.

Deductible 52

Deductible Deductions Flexible Spending Account Healthcare 52

WEX Inc.

OCTOBER 15, 2024

“Health savings accounts are booming in popularity, with total assets eclipsing $123 billion in 2023 – nearly triple from just five years earlier – and yet they’re still widely misunderstood,” said Robert Deshaies, Chief Operating Officer of Benefits at WEX. The information in this post is for educational purposes only.

401(k) 52

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

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. Are you preparing to send your kids back to school soon? It is not legal, financial, or tax advice.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

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.

401(k) 98

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

JULY 9, 2023

A dependent care flexible spending account lets participants set aside pre-tax dollars to help pay for dependent care. For legal or tax advice, you should consult your own counsel. It’s a smart way to save money on expenses such as childcare or elderly care for a dependent. It is not legal or tax advice.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Taxes Consulting 98

WEX Inc.

MAY 31, 2023

For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are opportunities to save money on these expenses. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. Can I use my HSA or medical FSA to pay for dental expenses?

Medical 98

Medical Flexible Spending Account Health Savings Account Flexible Spending 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. 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.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Taxes 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. For legal, financial, or tax advice, you should consult your own legal counsel, tax and investment advisers. We break down FSA carryovers below.

Flexible Spending Account 98

Flexible Spending Account IT Flexible Spending Taxes 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. It is not legal or tax advice.

Flexible Spending Account 95

Flexible Spending Account Health Savings Account Flexible Spending Taxes 95

WEX Inc.

NOVEMBER 27, 2024

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. For legal or tax advice, you should consult your own counsel. This blog post was most recently updated in November 2024.

Deductible 52

Deductible Deductions Health Savings Account Flexible Spending Account 52

Benefit Resource Inc.

APRIL 7, 2023

Savings If you have a pre-tax benefit account like a Flexible Spending Account , Health Savings Account , or Commuter Benefit Account , you’re already ahead of the game. Each dollar going into a pre-tax benefit account saves you 30 to 40 cents per dollar. Sign up for free* BRIALERTS today.

Taxes 98

Taxes Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

FEBRUARY 23, 2023

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. For legal or tax advice, you should consult your own counsel. We’ve compiled some tips to help you if you participate in a WEX benefits plan.

Flexible Spending Account 98

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

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. The information in this blog post is for educational purposes only.

Flexible Spending Account 98

Flexible Spending Account Deductible Deductions Health 98

Business Management Daily

NOVEMBER 15, 2021

Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. These funds are placed in an FSA account that employees can use to pay for eligible expenses. Lactation supplies such as breast pumps and lactation consulting. Healthcare FSA.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

Health Consultants Group

OCTOBER 1, 2021

Health Savings Accounts. Flexible Spending Accounts: funded by salary reduction. IRS guidelines restrict certain spending account benefits to maximum annual amounts. Call Health Consultants Group at (800) 367-2482. Cafeteria Plan benefits often include. Accident and Health Benefits . Dependent Care .

Employee Benefits 86

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

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.

MAY 24, 2023

It’s about what a health savings account or a flexible spending account can do for them." For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. “I think it’s really important to tie it back to things that are meaningful to [employees]….their

Flexible Spending Account 97

Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

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. Need help submitting receipts? Click here.

Flexible Spending Account 75

Flexible Spending Account Flexible Spending Medical Food 75

Benefit Resource Inc.

MAY 6, 2019

A Dependent Care Flexible Spending Account (DC FSA) helps employees pay for eligible child care expenses by reducing taxable income through payroll deductions. Employees who choose to participate in the plan can set aside up to $5,000 in the account every year toward qualifying child care expenses. Dependent Care FSA.

Taxes 85

Taxes Flexible Spending Account Flexible Spending Deductible 85

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. Promote the money-saving value of a flexible spending account.

401(k) 81

401(k) Disability Insurance Flexible Spending Account Deductible 81

WEX Inc.

MARCH 20, 2023

When things change at lightspeed, it is imperative to have team members who understand what you need to do to stay in compliance, but also develop a detailed plan to execute, predict and account for downstream impacts. For legal or tax advice, you should consult your own counsel. Do our employees understand and value their benefits?

Employment 98

Employment Flexible Spending Account Flexible Spending Education 98

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.

Deductions 75

Deductions Deductible Flexible Spending Account Health Savings Account 75

WEX Inc.

AUGUST 15, 2023

HSAs and FSAs as an option Health savings accounts (HSAs) and flexible spending accounts (FSAs) are among the pre-tax accounts you can contribute funds to and save money on healthcare costs. However, your eligibility for either account can be influenced by the health plan you choose.

Deductible 98

Deductible Deductions Healthcare Flexible Spending Account 98

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. So what is the use-or-lose rule?

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account IT 52

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

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.

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account Taxes 52