WEX Inc.

MAY 2, 2024

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.

Health Savings Account 98

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

Best Money Moves

DECEMBER 9, 2024

With a dedicated financial wellness program, you can help employees manage their finances reducing stress and improving productivity. Companies are helping employees make their healthcare costs more manageable through effective healthcare benefits. These benefits trends will continue going into 2025.

roth 401(k) 52

roth 401(k) 401(k) Benefits Package Paid Leave 52

PeopleKeep

MAY 24, 2021

Two of the most popular ABHPs are health savings accounts (HSAs) and health reimbursement arrangements (HRAs), including qualified small employer HRAs (QSEHRAs) made specifically for small businesses with fewer than 50 full-time employees.

Health Savings Account 98

Health Savings Account Benefits Package Deductible Deductions 98

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

InterWest Insurance Services

JANUARY 27, 2023

Even if you are providing them with a robust plan, there are often out-of-pocket cost-sharing and deductibles to contend with. For employees in high-deductible health plans, the costs can be steep. Many insurers and/or providers have apps to help people access care and manage their health.

Out of Pocket Cost 98

Out of Pocket Cost 401(k) Deductible Deductions 98

Snell & Wilmer Benefits

JANUARY 24, 2023

If you sponsor a high deductible health plan (“HDHP”) and have been tracking telehealth relief, your head may be spinning and rightfully so! The relief allows, but does not require, HDHPs to provide telehealth and other remote care services on a pre-deductible basis without making participants health savings account (“HSA”) ineligible.

Deductible 52

Deductible Deductions Family and Medical Leave Act Health and Welfare 52

InterWest Insurance Services

APRIL 27, 2023

The HDHP effect The report found that health maintenance organizations and preferred provider organizations continue to dominate the landscape in group health benefits for SMBs. Gap plans can help by providing coverage when employees have not met their health care deductible.

Health Insurance 98

Health Insurance Insurance Out of Pocket Cost Deductible 98

Proskauer's Employee Benefits & Executive Compensa

JUNE 27, 2023

As a reminder, if an HDHP covers medical items and services before the participant satisfies the IRS minimum deductible (self-only or family), that coverage may disqualify the participant’s HSA contributions. Can an HDHP continue to provide pre-deductible coverage of COVID-19 testing and treatment without impacting HSA eligibility?

Deductible 52

Deductible Deductions Health Savings Account Medical 52

InterWest Insurance Services

JULY 20, 2022

Keep in mind that the ritual of choosing a benefits package is a brand-new experience for people who are new to the workforce, and you should prepare to educate new employees on how to effectively choose and use their new coverages, as well as all the details like premiums, deductibles and out-of-pocket expenses. Most students in the U.S.

Education 98

Education 401(k) Deductible Deductions 98

InterWest Insurance Services

MARCH 4, 2022

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. While health savings accounts have grown in popularity, you can only offer them to employees who are enrolled in high-deductible health plans.

Medical 98

Medical Health Insurance Out of Pocket Cost Deductible 98

Business Management Daily

DECEMBER 1, 2019

Hourly-paid nonexempts are impacted only to the extent of withholding and deductions. Employees’ benefits deductions and allowances (e.g., Savings bonds, United Way, creditor and child support garnishments, deductions for other outside groups and other voluntary deductions. Do nothing. Digging deeper.

Payroll 83

Payroll 401(k) Deductible Deductions 83

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.

Flexible Spending Account 95

Flexible Spending Account Health Savings Account Flexible Spending Taxes 95

InterWest Insurance Services

JULY 13, 2023

Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% Employers are also taking different steps to make health insurance more affordable for their staff, particularly those at the lower end of the wage spectrum: 15% of employers offer free employee-only coverage in at least one plan.

Employment 98

Employment Out of Pocket Cost Health Insurance Health Savings Account 98

InterWest Insurance Services

SEPTEMBER 9, 2024

Here’s what the report found: Offering more plans To combat rising costs, many employers (80%) offer more than one health plan. A growing share of employers offer high-deductible health plans (HDHPs) and health savings accounts (HSAs) to employees.

Family and Medical Leave Act 93

Family and Medical Leave Act Pharmaceutical Employment Health Savings Account 93

Proskauer's Employee Benefits & Executive Compensa

DECEMBER 19, 2024

Important UpdatePre-Deductible Telehealth HSA Relief Ends on December 31, 2024 : As discussed in our post below, although extension of the telehealth safe harbor was included in various bill drafts, the year-end spending bill signed into law on December 21, 2024 (American Relief Act, 2025) does not include pre-deductible telehealth relief.

Deductible 40

Deductible Deductions Health Savings Account Taxes 40

Empuls

JULY 16, 2024

A key player in this process is the wellness committee, which can help you get started by introducing health and fitness benefits like gym memberships, fitness trackers, and challenges. Then, proceed to adding lifestyle and wellness programs like weight management and nutritional counselling programs.   

Food 52

Food Health Savings Account Health Insurance Bonuses 52

Proskauer's Employee Benefits & Executive Compensa

APRIL 25, 2023

The Departments of Labor, Treasury, and Health and Human Services (the “Departments”) recently released guidance for group health plans on required preventive services coverage. The guidance was issued in response to a federal district court decision in a case called Braidwood Management, Inc. Yes, for the time being.

Deductible 98

Deductible Deductions Health Savings Account Medical 98

InterWest Insurance Services

MARCH 16, 2023

.” — Benefits executive at an insurance company Some of the interviewees said that funding ICHRAs and sending their workers to ACA exchanges would rob the company of the opportunity to help workers manage expensive health conditions.

Health Insurance 98

Health Insurance Employment Out of Pocket Cost Health Savings Account 98

InterWest Insurance Services

JULY 6, 2023

Most large health carriers have adopted some form of telemedicine by either contracting with a tech provider to manage the interface or by purchasing a tech platform. Average per-visit costs in the telemedicine program were $380, compared to $439 for in-person primary care offices, emergency departments or urgent care clinics costs.

Insurance 95

Insurance Out of Pocket Cost Hospitality Health Savings Account 95

Genesis HR Solutions

JANUARY 24, 2023

Handbooks help manage your employees and keep your business compliant with the ever-growing list of employment rules and regulations. Payroll deductions This item spells out each of the deductions the company withholds, including federal, state, and local taxes and other things, including voluntary deductions for benefits.

Family and Medical Leave Act 98

Family and Medical Leave Act Overtime Parental Leave Health and Welfare 98

InterWest Insurance Services

SEPTEMBER 27, 2023

Employees have a right to understand the costs they’ll be facing in each plan, including: Their share of the premium, Their deductible, Their copays or coinsurance, and Other out-of-pocket expenses. The lower the premium on the plan, the higher the deductibles and copays. Get an early start If your plan year starts Jan.

Out of Pocket Cost 93

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 93

Snell & Wilmer Benefits

JANUARY 24, 2023

If you sponsor a high deductible health plan (“HDHP”) and have been tracking telehealth relief, your head may be spinning and rightfully so! The relief allows, but does not require, HDHPs to provide telehealth and other remote care services on a pre-deductible basis without making participants health savings account (“HSA”) ineligible.

Deductible 40

Deductible Deductions Family and Medical Leave Act Health and Welfare 40

Business Management Daily

JUNE 29, 2022

Employees can use health savings accounts to cover the cost and you can contribute to those, too. However, HSAs must be paired with high-deductible health plans. The high deductibles continue to apply. Your plan must be amended to allow for the roll-over option.

Family and Medical Leave Act 92

Family and Medical Leave Act Healthcare Employment Medical 92

Best Money Moves

JULY 8, 2020

Employers who don’t offer health insurance might want to reconsider and employers who do should audit their healthcare offerings to determine the out of pocket costs of deductibles, prescriptions, copays and then work with benefits brokers to provide better coverage. . 4 Paid Time Off. 8 Student Loan Employee Benefits.

Employee Benefits 111

Employee Benefits Out of Pocket Cost Flexible Spending Account Health Insurance 111

Business Management Daily

SEPTEMBER 9, 2021

You can blame the pandemic — employees are more attuned to health benefits, which means more employees may switch health plans or go into a health plan for the first time next year. Almost all health plans offer add-on accounts — health flexible spending accounts, health savings accounts, or health reimbursement accounts.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Employment Flexible Spending 52

Benefit Resource Inc.

JUNE 29, 2021

Now that you’ve explained (again) how insurance works, you get to begin the real work of teaching employees the difference between Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). ” Employees already know what “saving money for a rainy day” means. Rhyming works.

401(k) 78

401(k) Deductible Deductions Flexible Spending Account 78

Business Management Daily

APRIL 29, 2024

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. Deductibles can be paid with tax-advantaged/tax-free spending accounts funded by employees and employers. Most employees expect benefits.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductible 84

Insperity

JANUARY 27, 2022

Though you don’t withhold taxes for these parties, you may need to report the benefit to the government using one of the following forms: IRS Form 1099-NEC for independent contractors IRS Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc. for partners in the business. Must all employees receive the same benefits?

Employment 98

Employment Taxes Health Savings Account Benefits Package 98

Benefit Resource Inc.

NOVEMBER 4, 2021

Health Saving Accounts (HSAs) help you play a more informed and active role in controlling your family’s health care costs. HSAs are one tool in the ever-expanding toolbox of health care plans. You decide when and how to spend or save the money in your HSA. MANAGE YOUR ACCOUNT ANYWHERE.

401(k) 75

401(k) Flexible Spending Account Deductible Deductions 75

Business Management Daily

SEPTEMBER 22, 2021

This is generally the only time health coverage changes are allowed aside from onboarding or family changes (such as marriage, divorce, or the birth of a child). It’s also a time when businesses and HR Managers should evaluate the benefits that they offered last year and consider whether to make adjustments.

Employment 90

Employment Deductible Deductions Benefit Providers 90

Benefit Resource Inc.

JUNE 4, 2019

While insurance is available to cover insulin, between high deductibles and the high cost of insulin, many are still left with bills that are difficult to pay. Both IVF and insulin treatments are considered eligible expenses under pre-tax benefit accounts. Rising above the cost of insulin.

Flexible Spending Account 85

Flexible Spending Account Flexible Spending Health Savings Account Insurance 85

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 Deductible Deductions 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. Zach’s strategy includes: Growing your HSA enough to cover your deductible and invest the rest.

401(k) 52

401(k) Health Savings Account Deductible Deductions 52

Business Management Daily

NOVEMBER 15, 2021

Many employees are coming to the end of the year and realizing that they still have a lot of money in their FSA accounts that they need to spend. They may also be questioning whether they have a need for an FSA and if so, how much they should choose to have deducted each month. Copays, co-insurance, and deductibles for medical care.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

Benefit Resource Inc.

MARCH 28, 2024

Pre-tax benefits are a powerful tool for saving money and maximizing your income. From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. This includes copayments, deductibles, prescriptions, and more.

Flexible Spending Account 52

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

WEX Inc.

APRIL 3, 2023

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.

Health Savings Account 52

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

Business Management Daily

SEPTEMBER 7, 2018

As you evaluate your health insurance options for the upcoming year, consider whether to offer high-deductible health plans, coupled with health savings accounts. They can save big bucks for employers and employees alike.

Health Savings Account 45

Health Savings Account Health Insurance Deductible Deductions 45