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.

JULY 9, 2024

Does your health savings account (HSA) have enough funds to carry you through the second half of the year? For legal or tax advice, you should consult your own counsel. And, if it does, is there more you could be doing to grow those funds? Perform your HSA midyear check! It is not legal or tax advice. The post It’s July.

Health Savings Account 98

Health Savings Account Healthcare Medical Taxes 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.

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.

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.

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?

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

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.

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. Check out FSA Store! It is not legal or tax advice.

Medical 98

Medical Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

MAY 8, 2023

HDHPs can actually be a great healthcare saving option for employees of all ages. Along with paying a lower premium, HDHPs offer financial opportunities that PPOs do not because employees can enroll in a health savings account (HSA) , but only if they’re also enrolled in an HSA-eligible HDHP.

Deductible 97

Deductible Deductions Health Savings Account Employee Enrollments 97

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. Employers may establish an HSA program for employees that enroll in an HSA-eligible health plan in the non-group market.”

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

Proskauer's Employee Benefits & Executive Compensa

MARCH 22, 2022

Effective April 1, 2022, high-deductible health plans can once again offer first-dollar coverage for telehealth and other remote services without making participants ineligible for health savings account (“HSA”) contributions.

Deductible 97

Deductible Deductions Health Savings Account Taxes 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.

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

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.

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

InterWest Insurance Services

APRIL 27, 2023

Coverage can often be configured to be compatible with HDHPs using health savings accounts. Importance of your broker Reid said that the report’s findings illustrate the importance of employers working with brokers and consultants to purchase their employee benefits.

Health Insurance 98

Health Insurance Insurance Out of Pocket Cost Deductible 98

WEX Inc.

DECEMBER 11, 2024

Fortunately, health savings accounts (HSAs) and flexible spending accounts (FSAs) cover many common winter eligible expenses you might turn to this time of year! For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. Shop hundreds of eligible expenses at FSA Store!

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

Proskauer's Employee Benefits & Executive Compensa

JANUARY 31, 2023

provisions make some significant changes for retirement plans , but CAA 2023 also extends the telehealth plan safe harbor for high-deductible health plans (“HDHPs”) that were first introduced in the 2020 CARES Act. Not only do the CAA 2023’s “SECURE 2.0” The two-year extension continues the relief until January 1, 2025.

Deductible 98

Deductible Deductions Health Savings Account Retirement Plan 98

Health Consultants Group

OCTOBER 1, 2021

Accident and Health Benefits . 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.

Employee Benefits 86

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

Benefit Resource Inc.

SEPTEMBER 7, 2023

HSAs (Health Savings Accounts) are an excellent tool for controlling healthcare costs and setting up money for the future. Remember that HSA rollovers are a smart way to simplify your financial life while maximizing the benefits of your healthcare account.

Health Savings Account 101

Health Savings Account Healthcare Taxes Finance 101

WEX Inc.

JUNE 13, 2024

To help you prepare, here is a breakdown of three common retirement accounts: an HSA vs. a 401(k) vs. an IRA. 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.

401(k) 96

401(k) Retirement Plan Health Savings Account Deductible 96

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

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! For legal or tax advice, you should consult your own counsel. The information in this blog post is for educational purposes only.

Voluntary Benefits 98

Voluntary Benefits Health Savings Account PTO Retirement Plan 98

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. Check out our examples of S.M.A.R.T.

Health Savings Account 59

Health Savings Account Taxes Health Insurance Deductible 59

InterWest Insurance Services

AUGUST 5, 2022

The biggest concern among employers is the increasing costs that employees have to shoulder for their health benefits. Employers are starting to realize that a high-deductible health plan with an attached health savings account is not a good fit for all of their employees. workers with more medical debt.

Health Insurance 98

Health Insurance Insurance Deductible Deductions 98

WEX Inc.

APRIL 25, 2024

This can make HDHPs a great option for saving on monthly payments. Health savings accounts Another great perk of HDHPs is they can be paired with health savings accounts (HSAs). An HSA is a tax-advantaged savings account that allows you to save money specifically for medical expenses.

Health Savings Account 52

Health Savings Account Deductible Deductions Out of Pocket Cost 52

WEX Inc.

AUGUST 2, 2023

There are four common types of accounts: Medical FSA, which covers eligible medical, dental and vision expenses. Unlike a medical FSA, a limited FSA can be paired with a health savings account (HSA) and a high-deductible health plan (HDHP). The information in this blog post is for educational purposes only.

Flexible Spending Account 98

Flexible Spending Account Deductible Deductions Health 98

WEX Inc.

JULY 20, 2023

Smaller employers may face challenges in providing these options, although participants have said they are interested in these health plan choices. Participants are eligible for an HSA only if they’re enrolled in an HSA-eligible health plan, so the choice between these two accounts is related to providing choice in health plans.

Deductible 75

Deductible Deductions Flexible Spending Account Health Savings Account 75

WEX Inc.

DECEMBER 5, 2024

Fortunately, when you participate in a health savings account (HSA) through your employer, your HSA stays with you. You have options HSA transfer If your new employer offers an HSA, you can transfer the administration of your account to your new employer’s HSA administrator. Have you recently changed employers?

Health Savings Account 52

Health Savings Account Taxes Deductible Deductions 52

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.

NOVEMBER 21, 2024

Beyond the traditional 401(k) match , some employers are introducing student loan repayment matching , helping employees reduce debt while saving for retirement. For legal, tax or investment advice, you should consult your own legal counsel, tax and investment advisers. It is not legal, tax or investment advice.

Employee Benefits 59

Employee Benefits 401(k) Employment Health Savings Account 59

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.

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

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.

SEPTEMBER 7, 2023

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

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