Benefit Resource Inc.

APRIL 8, 2021

Let’s say that Toby decides to enroll in his company’s high-deductible health plan and opts out of enrolling in dental or vision coverage. A Health Savings Account to save on medical expenses. A Limited Purpose FSA to save on dental and vision expenses.

401(k) 75

401(k) Health Health Savings Account Medical 75

Benefit Resource Inc.

DECEMBER 30, 2022

An HSA (Health Savings Account) is a great way to save up money tax-free for future medical expenses. Dependent Care often presents a unique challenge for busy families. Choosing between a Health Savings Account (HSA) and a Flexible Spending Account (FSA) can be overwhelming.

Taxes 75

Taxes Flexible Spending Account Health Savings Account Flexible Spending 75

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

Benefit Resource Inc.

FEBRUARY 21, 2024

The Health, Wealth, Wellness Triangle has emerged as a framework that acknowledges the interconnectedness of personal health, financial stability, and overall wellness. The Health Component A cornerstone of the Health, Wealth, Wellness Triangle is, unsurprisingly, health itself.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductible Deductions 52

Benefit Resource Inc.

APRIL 4, 2024

One often-overlooked gem in the world of benefits is the Health Savings Account (HSA). Understanding HSAs HSAs are tax-advantaged savings accounts designed to help individuals save for medical expenses. Flexibility and Control In addition to their savings, HSAs offer unparalleled flexibility.

401(k) 52

401(k) Retirement Plan Benefits Package Deductible 52

Benefit Resource Inc.

OCTOBER 16, 2018

As kids, there were fun games that helped us make choices… In benefits, we are often presented with a 50 page document and told “Here you go. ” Too bad making your pre-tax benefit account decisions is not as easy as pointing and saying “Eenie meenie miney mo – Which account should I choose? Limited FSA.

Health Savings Account 55

Health Savings Account Flexible Spending Account Flexible Spending Medical 55

Winston Benefits

APRIL 5, 2018

After the Affordable Care Act went into effect, employers started offering high-deductible health plans (HDHPs) to give employees more options and help manage health care costs. The name itself, referencing the high deductible, can be off-putting, and employees often associate HDHPs with high upfront costs and uncertainty.

Health Savings Account 51

Health Savings Account Deductible Deductions Education 51

Higginbotham

MAY 11, 2023

What are the deductibles and copays? Life stages and the probability of needing care will also influence employee views of higher deductibles and copays versus lower premiums. Many employees prefer modest deductibles and copays if this reduces the amount coming out of their paycheck. Provide a handbook or online portal.

Insurance 52

Insurance Deductible Deductions Benefits Package 52

Griffin Benefits

JULY 30, 2021

With over half of today's workforce enrolled in high-deductible health plans (51%), a majority of insured individuals are now on the hook for deductibles of at least $1,400. In a future post, we'll offer tips on how to save money on common medical procedures. Please share this information with your workforce.

Medical 52

Medical Pharmaceutical Deductible Deductions 52

Higginbotham

JUNE 9, 2023

To comply with Form I-9 requirements, employers must, within the first three days of employment: Complete and sign Section 2 of Form I-9 for each new hire; and Physically examine the documents each employee presents to prove his or her employment eligibility (documents must come from the form’s list of acceptable documents).

Deductible 52

Deductible Deductions Health Insurance Taxes 52

Benefit Resource Inc.

OCTOBER 17, 2019

We will focus on three areas that often present difficulties and how they can be overcome. Plan funding vs deductions. When will you fund the plan vs. when will you take deductions from employees? This question is most often related to Health Savings Accounts and Health Reimbursement Accounts.

Management 40

Management Deductible Deductions Health Savings Account 40

Business Management Daily

JANUARY 5, 2021

Relief for health savings accounts and dependent care assistance plans. Congress has put to rest the controversy regarding whether expenses associated with loans forgiven under the Paycheck Protection Program are deductible on your corporate return. Expanded meal deduction. Temporary disaster tax relief.

Family and Medical Leave Act 52

Family and Medical Leave Act Payroll 401(k) Taxes 52

HR Professionals Magazine

MARCH 6, 2023

Other rules can present unique challenges, such as complying with ERISA-required claims procedures. HSA Eligibility – If you also offer a medical plan that qualifies as a high deductible health plan (HDHP), then another trap for the unwary may appear. Depending on the size of the program, you may need to file a Form 5500.

Medical 52

Medical IT Health Savings Account Deductible 52

Business Management Daily

SEPTEMBER 15, 2021

Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. 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.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Genesis HR Solutions

MAY 23, 2023

Hiring Trends In 2023 Below, I present hiring trends across various categories to help you formulate a comprehensive approach that works best for you. Health Savings Account (HSA): An HSA is a savings account that lets employees set aside money on a pre-tax basis to pay for qualified medical expenses.

Insurance 40

Insurance PTO Human Resources Flexible Spending 40

WEX Inc.

AUGUST 22, 2024

It provides personalized calculations so you can learn more about your HSA’s present and future potential. Simply by entering basic information the My HSA Planner calculates your future savings balance, potential retirement balance, and projects how different levels of contributions can make an impact. An HSA and retirement.

401(k) 52

401(k) Health Savings Account Retirement Plan Taxes 52

Griffin Benefits

JUNE 27, 2022

This also means that employees could not seek reimbursement under health FSAs, health reimbursement arrangements, or health savings accounts (“HSAs”) if the abortion is conducted in a state that prohibits abortion. This is not a recommended approach at the present time.

Employment 74

Employment Medical Taxes Health Savings Account 74