WEX Inc.

MAY 8, 2023

More employees are enrolling in a high-deductible health plan (HDHP) each year, including more than half of U.S. But there are still misunderstandings that exist among employees about the significant value of an HDHP (or HSA-eligible health plan) and how it compares to a traditional health plan.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

Benefits Notes

NOVEMBER 21, 2023

On November 1, 2023, the Internal Revenue Service (IRS) released Notice 2023-75 , which sets forth the 2024 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. The 2023 limits are provided for reference.

401(k) 52

401(k) Health Savings Account Retirement Plan Deductions 52

Benefit Resource Inc.

FEBRUARY 7, 2024

A key player in the balance between health and wealth is the health savings account (HSA). Understanding HSAs Health Savings Accounts are tax-advantaged savings accounts designed to help individuals and families with high-deductible health plans (HDHPs) cover medical expenses.

Health Savings Account 52

Health Savings Account Healthcare Deductions Deductible 52

Benefit Resource Inc.

APRIL 4, 2024

As an employer or HR manager, you’re constantly seeking ways to enhance your employee benefits package, ensuring it not only attracts top talent but also supports their financial well-being throughout their careers and into retirement. One often-overlooked gem in the world of benefits is the Health Savings Account (HSA).

401(k) 52

401(k) Retirement Plan Benefits Package Deductions 52

InterWest Insurance Services

NOVEMBER 25, 2022

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. Retirement plan maximums.

401(k) 84

401(k) Deductions Deductible Flexible Spending Account 84

Griffin Benefits

NOVEMBER 1, 2022

The IRS has finally announced adjustments to 2023 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. 2023 Retirement Plan Limits Increase.

401(k) 85

401(k) Retirement Plan Health Savings Account Deductions 85

Benefits Notes

OCTOBER 24, 2022

On October 21, 2022, the Internal Revenue Service (IRS) released Notice 2022-55 , which sets forth the 2023 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. HDHP Minimum Deductible Limits. Additional Amount for 1-Year Extension. 3,650/$7,300. 3,850/$7,750.

401(k) 52

401(k) Deductions Deductible Health Savings Account 52

Benefit Resource Inc.

JANUARY 16, 2024

Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are two of the most effective instruments for optimizing health savings and financial flexibility for both employers and employees among the different components of a comprehensive benefits strategy.

Benefits Package 52

Benefits Package Flexible Spending Account Health Savings Account Flexible Spending 52

WEX Inc.

APRIL 24, 2023

Your health plan drives many of your decisions during open enrollment. One emerging trend is employers offering their employees health plan options. That’s a critical first step when weighing your choice of an HDHP versus a PPO or another type of traditional health plan. Does your employer offer options?

401(k) 52

401(k) Health Savings Account Deductions Deductible 52

Proskauer's Employee Benefits & Executive Compensa

OCTOBER 21, 2022

The IRS did not increase the annual contribution limit for dependent care flexible spending accounts because that limit is not indexed to inflation. Earlier this year, the IRS released the 2023 inflation adjustments for health savings accounts and high deductible health plans. Health FSAs. .

Transportation 52

Transportation Flexible Spending Account Flexible Spending Health Savings Account 52

WEX Inc.

SEPTEMBER 12, 2023

Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement. HSA-eligible health plans typically have lower premiums but higher deductibles.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

PeopleStrategy

OCTOBER 3, 2023

What Each Generation Typically Looks For Baby Boomers (born 1946-1964) are approaching retirement age, so their benefit preferences may focus more on retirement plans, health coverage, and financial security. Customizable Health Plans: Provide a range of health insurance plans with different coverage levels and costs.

401(k) 52

401(k) Retirement Plan Parental Leave Health Savings Account 52

CorpStrat

JANUARY 17, 2023

The following commonly offered Employee Benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs). Health flexible spending accounts (FSAs). 401(k) plans. Transportation fringe benefit plans. Health FSA carryover limit.

401(k) 52

401(k) Employee Benefits Flexible Spending Account Health Savings Account 52

WEX Inc.

AUGUST 22, 2024

Evaluate HSA and 401(k) together Many people dream of a certain retirement lifestyle. These goals are achievable, especially with the right planning. Many don’t realize that health savings accounts (HSAs) and 401(k)s can be used together as a retirement savings strategy. An HSA and retirement.

401(k) 52

401(k) Health Savings Account Retirement Plan Taxes 52

Genesis HR Solutions

MAY 2, 2023

TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( This cheat sheet explains several common human resource acronyms. This cheat sheet explains several common human resource acronyms.

Family and Medical Leave Act 52

Family and Medical Leave Act 401(k) Flexible Spending Account Health Savings Account 52

Griffin Benefits

NOVEMBER 11, 2021

The IRS has finally announced adjustments to 2022 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. 2022 Retirement Plan Limits Increase.

401(k) 56

401(k) Retirement Plan Health Savings Account Deductions 56

PeopleStrategy

DECEMBER 12, 2023

Let’s get into these areas that deserve another look before the new year starts: health savings accounts, overtime, retirement, remote employment, and the Affordable Care Act. HSA Compliance Health savings accounts (HSAs) have become commonplace in the last several years as a way to offset high deductible health plans.

401(k) 52

401(k) Overtime Health Savings Account Retirement Plan 52

Business Management Daily

APRIL 29, 2024

Fringe benefits generally cover needs such as: Health and wellness Retirement planning Time off and vacation Financial offerings Work-life balance Company-sponsored fixtures and events Professional development Let’s take a look at what’s included in each category. However, there are a few categories into which they usually fall.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

Benefit Resource Inc.

NOVEMBER 1, 2022

Health savings accounts (HSAs) are becoming a popular way for investors to save for retirement. HSAs allow you to save money tax-free to use towards medical expenses. In addition, HSAs can be used to help fund your retirement. You can also use the money in your HSA to pay for long-term care costs.

Health Savings Account 40

Health Savings Account Retirement Plan Deductions Deductible 40

Higginbotham

MAY 21, 2024

Mental Health Coverage and Parity Under the Mental Health Parity and Addiction Equity Act , most group health plans and health insurance issuers are required to offer mental health benefits that are no more restrictive than medical and surgical benefits in terms of financial requirements and treatment limitations.

Health Savings Account 52

Health Savings Account Health Insurance Financial Counseling Disability Insurance 52

Benefits Notes

NOVEMBER 5, 2021

On November 4, 2021, the Internal Revenue Service (IRS) released Notice 2021-61 , which sets forth the 2022 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. HDHP Minimum Deductible Limits. Additional Amount for 1-Year Extension. 3,600/$7,200. 3,650/$7,300.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Insperity

MARCH 12, 2024

Retirement plans Employees want to be able to save for retirement and plan for their futures. The financial wellness of your workforce is especially critical given economic conditions, record-high inflation and high levels of household debt, leading many workers struggling to save enough money.

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits PTO 401(k) 59

Benefits Notes

OCTOBER 28, 2020

On October 26, 2020, the Internal Revenue Service (IRS) released Notice 2020-79 , which sets forth the 2021 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. HDHP Minimum Deductible Limits. Additional Amount for 1-Year Extension. 230,000 (no change).

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Flimp Communications

OCTOBER 25, 2024

Thanks to your contributions, matching funds from us, and investment gains, your account will grow over the years and be available to use when you retire. With a traditional 401(k), contributions are tax-deductible, which reduces your adjusted gross income on your taxes. A Roth 401(k) is just the opposite.

roth 401(k) 52

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

Corporate Synergies

AUGUST 6, 2018

Health savings accounts can be a good deal for employees. High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% HSA value isn’t always obvious.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Higginbotham

OCTOBER 14, 2022

Different health plan types come with both advantages and disadvantages, including differences in cost, risk and employee involvement/education. Retirement Plans. They’re also trying to save for their future retirement. Many workers aren’t just earning money to cover their current needs. Other Key Benefits.

Employee Benefits 52

Employee Benefits Family and Medical Leave Act Disability Insurance Paid Sick Leave 52

Genesis HR Solutions

SEPTEMBER 22, 2020

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. The amount you elect must be used in that plan year. Health Savings Account (HSA). Health Reimbursement Account (HRA). Retirement.

401(k) 98

401(k) Employee Benefits roth 401(k) Disability Insurance 98

Business Management Daily

APRIL 25, 2024

Fringe benefits can include: Cash bonuses Extra vacation time Paternity leave or extended maternity leave On-site amenities Childcare Wellness plans Retirement planning services Monthly stipends for work expenses Unless they’re working in a highly competitive field, most employees expect employers to offer fringe benefits , at least on some level.

Taxes 52

Taxes Retirement Plan Employee Stock Option Bonuses 52

Empuls

JULY 11, 2023

tax free benefits are those that provide financial advantages for both employees and employers by avoiding certain taxes and deductions. Non taxable employee benefits refer to various perks and incentives provided by employers that are exempt from certain taxes and deductions.

Employee Benefits 40

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

Flimp Communications

MARCH 31, 2020

The long-term financial wellness of the average American worker is at risk during this health and economic crisis. Where Tax Savings and Benefits Intersect. Health savings accounts (HSAs) are great medical savings and investment tools for employees, particularly those who won’t have a ton of medical expenses year to year.

401(k) 75

401(k) Retirement Plan Medical Taxes 75

Empuls

FEBRUARY 26, 2024

  Offer alternative healthcare plans , such as high-deductible health plans (HDHPs) paired with health savings accounts (HSAs). These plans often provide employees with more control over their healthcare expenses and offer tax advantages.

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Benefits Package 40

Business Management Daily

SEPTEMBER 15, 2021

Employers looking to impress with their employee benefits package go beyond this basic level of health benefits. Medical plans with no or low-cost deductibles. Retirement plans. Large and small businesses alike benefit from sponsoring plans such as 401(K)s and Simple IRAs. Health Savings Accounts.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Empuls

AUGUST 27, 2024

Retirement plans Basically, it is the retirement plans—401(k) or pension plans—through which an employee receives financial security during service years other than while serving. This category varies from different plans with several options that include PPOs, HMOs, and high-deductible health plans.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits 401(k) Benefits Package 40

Genesis HR Solutions

AUGUST 9, 2018

Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. 401(k) and retirement plans.

Employee Benefits 40

Employee Benefits 401(k) Health Insurance Insurance Carriers 40

Insperity

AUGUST 9, 2016

To attract talent and compete effectively, many businesses first elect to offer: Health insurance – Due to the rising costs of health care, this is a must in the eyes of many employees. Choosing a high-deductible plan may help you pay less in premiums, but requires your employees to cover more of their costs out of pocket.

Banking 51

Banking Employee Benefits Disability Insurance 401(k) 51

McDermott Will & Emery Employee Benefits

NOVEMBER 10, 2023

On November 9, 2023, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain health and welfare plan benefits, including those for health flexible spending arrangements and commuter benefit plans, among other important updates.

Health and Welfare 105

Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 105

McDermott Will & Emery Employee Benefits

NOVEMBER 1, 2023

The Internal Revenue Service recently announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2024. Certain health and welfare plan limits have not yet been released.

Health and Welfare 105

Health and Welfare Employee Benefits Flexible Spending Account Health Savings Account 105