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. FSAs are employer-sponsored accounts, so it’s particularly important for you to comply with IRS regulations regarding documentation. Check out the below FSA documentation cheat sheet.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Taxes Medical 98

HR Lineup

JUNE 9, 2023

This means that employers can easily manage various benefit plans, such as health insurance, retirement savings, flexible spending accounts, and more, all in one place. Employees can easily view and update their benefits information, access important documents and forms, and receive personalized notifications and reminders.

Flexible Spending Account 130

Flexible Spending Account Flexible Spending Utilities Health Insurance 130

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)? The IRS requires you to submit documentation of the FSA claim to prove it was an eligible expense.

Medical 98

Medical Flexible Spending Account Flexible Spending Taxes 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. You can easily upload documentation to a claim by logging into our mobile app, taking a photo of your documentation with your phone’s camera and uploading it.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Taxes Consulting 98

WEX Inc.

SEPTEMBER 26, 2024

Your benefits administrator may also offer non-discrimination testing , which is required for flexible spending accounts (FSAs) , health reimbursement arrangements (HRAs) , and more. Do our employees understand and value their benefits? Would you like to learn more about the perks of outsourcing benefits administration?

Employment 52

Employment Flexible Spending Account Flexible Spending Education 52

HR Lineup

JULY 10, 2023

It simplifies the enrollment and management of employee benefits programs, such as health insurance, retirement plans, and flexible spending accounts. They provide ongoing assistance to their clients, offering training resources, documentation, and a responsive customer support team to address any questions or concerns that may arise.

Flexible Spending Account 130

Flexible Spending Account Payroll Flexible Spending Retirement Plan 130

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. I have money in my FSA left over at the end of the year. What happens to it?

Flexible Spending Account 98

Flexible Spending Account Deductions Deductible Health 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. Visual health is a vital component of overall well-being, and unexpected eye-related expenses can put a strain on your finances.

Health 98

Health Flexible Spending Account Health Savings Account Flexible Spending 98

Business Management Daily

NOVEMBER 30, 2021

Flexible spending accounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses. However, they also can require careful documentation to ensure that funds were spent on approved expenses.

Retail 52

Retail Healthcare Medical Flexible Spending Account 52

Qandle

JUNE 20, 2023

Benefits and Deductions: Collect information related to employee benefits and deductions, such as health insurance, retirement contributions, flexible spending accounts, loan repayments, or garnishments. Documentation and Record Keeping: Maintain proper documentation and records of all payroll -related activities.

Payroll 98

Payroll Flexible Spending Account Overtime Payroll Software 98

Benefit Resource Inc.

MAY 11, 2021

We think it’s pretty obvious, but we LOVE Flexible Spending Accounts (FSAs). With roughly 160 Flexible Spending Account (FSA)-related blogs on our site concentrating on eligibility, spending options, plan strategy, savings, and more…we cover it all! Don’t wait until December to spend your funds.

Flexible Spending Account 81

Flexible Spending Account Family and Medical Leave Act Flexible Spending Retail 81

InterWest Insurance Services

OCTOBER 27, 2022

Flexible spending account: With an FSA an employee pays — on a pre-tax basis through salary reduction — for out-of-pocket medical expenses that aren’t covered by insurance (for example, annual deductibles, doctor’s office copayments, prescriptions, eyeglasses and dental costs).

Flexible Spending Account 97

Flexible Spending Account Employment Flexible Spending Deductions 97

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. Dental expenses can be a significant financial burden, especially when unexpected dental procedures arise. 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.

OCTOBER 4, 2023

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Flexible spending account An FSA is an employer-owned account that you use to set aside funds for qualified expenses. Be sure to review your plan documents to understand what's offered.

401(k) 98

401(k) 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. And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits.

Flexible Spending Account 98

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

Benefit Resource Inc.

JANUARY 14, 2022

We’re here to provide you with a short guide to help you understand the required tax documents for your pre-tax benefits. . There are three tax documents associated with HSAs: Form 1099-SA Form 5498-SA Form 8889. The 8889 form is the only document you need to submit with your taxes. For BRI Customers.

Taxes 40

Taxes Flexible Spending Account Health Savings Account Flexible Spending 40

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. BRI participants can check their plan documents by logging into BRIWEB. Managing a Flexible Spending Account can be stressful, especially when you have excess funds. 3) Visit the FSA Store. Click here.

Flexible Spending Account 75

Flexible Spending Account Flexible Spending Medical Food 75

The Olson Group

DECEMBER 9, 2021

Cafeteria Plan and Flexible Spending Account (FSA) Plan Amendments. If you elected to pick and choose from a menu of COVID relief options (offering plan participants opportunities to change their coverage or FSA elections mid-year, carryover balances, extended grace periods, and more) your plan document many need to be updated.

Family and Medical Leave Act 98

Family and Medical Leave Act Flexible Spending Account Flexible Spending Health Insurance 98

InterWest Insurance Services

JUNE 27, 2024

The bulletin focuses on medical savings accounts that employers will often sponsor, including flexible spending accounts (FSAs), health reimbursement arrangements (HRAs) and health savings accounts (HSAs), which are funded by employees’ untaxed earnings.

Out of Pocket Cost 98

Out of Pocket Cost Flexible Spending Account Food Health Savings Account 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. While flexible spending accounts are typically associated with medical costs there are a couple of different types of FSAs. Wherever you fall, we have answers for you. Healthcare FSA.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

Benefit Resource Inc.

DECEMBER 30, 2022

But knowing is only half the battle – you still need to submit your documentation. Choosing between a Health Savings Account (HSA) and a Flexible Spending Account (FSA) can be overwhelming. Flexible Spending Accounts, or FSAs for short, are widely known as a great way to save up and use pre-tax funds for medical expenses.

Taxes 75

Taxes Flexible Spending Account Health Savings Account Flexible Spending 75

Money Talk

AUGUST 5, 2021

Also, cash-back and low-interest credit cards, pre-tax employer flexible spending accounts, negotiating (a.k.a., Ink-Conserving Printer Fonts - Select light versions of fonts before printing out documents. Take them out, heat them with a hair dryer, and gently shake them to see if any remaining ink can be saved. ¨

Flexible Spending Account 100

Flexible Spending Account Banking Medical Flexible Spending 100

WEX Inc.

MARCH 20, 2023

Your benefits administrator may also offer non-discrimination testing , which is required for flexible spending accounts (FSAs) , health reimbursement arrangements (HRAs) , and more. Do our employees understand and value their benefits? Would you like to learn more about the perks of outsourcing benefits administration?

Employment 98

Employment Flexible Spending Account Flexible Spending Education 98

Benefit Resource Inc.

APRIL 10, 2024

What is a Dependent Care Flexible Spending Account (DCFSA)? First things first, let’s clarify what a dependent care flexible spending account actually is. Keep Track of Receipts: Save all receipts and documentation for eligible expenses.

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Taxes Utilities 52

Benefit Resource Inc.

FEBRUARY 13, 2024

Congratulations on enrolling in a Flexible Spending Account (FSA)! The key to a smooth reimbursement process lies in understanding the crucial elements of proper expense documentation and ensuring your receipt answers 5 fundamental questions. Timing is crucial for expense documentation. When did the service take place?

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Medical Insurance 52

Benefit Resource Inc.

JULY 31, 2023

Amidst the excitement, many may not know that their Flexible Spending Account (FSA) can be a valuable resource for purchasing back-to-school items. Save Receipts: Keep all receipts and documentation related to FSA purchases. Some plans may require verification, especially for larger expenses like eyeglasses.

Utilities 52

Utilities Flexible Spending Account Flexible Spending Medical 52

Insperity

APRIL 16, 2015

This includes medical, dental and vision coverage, a health care flexible spending account , a retirement plan, life insurance and personal accident insurance, short-term and long-term disability insurance, adoption assistance, commuter benefits and educational assistance. Cause disruption to your workplace.

Payroll 101

Payroll Flexible Spending Account Disability Insurance Insurance 101

Benefit Resource Inc.

MARCH 3, 2020

If you are in charge of the decision to offer a Flexible Spending Account (FSA) at your company, you should have a plan for unused FSA funds. These suggestions are only for medical Flexible Spending Accounts (FSAs). Please refer to your plan documentation for specifics on what can be done with forfeitures.

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Medical Management 52

Benefit Resource Inc.

OCTOBER 18, 2018

If you have a Flexible Spending Account (FSA), you know that every year during Open Enrollment (OE), you choose how much to put aside in the account, otherwise known as your election. This document provides a slightly more in-depth look at potential expenses. But, you may need to pay out-of-pocket for unexpected expenses.

Deductions 74

Deductions Deductible Health Flexible Spending Account 74

Best Money Moves

JULY 8, 2020

The negative impact that financial stress has on an employee’s ability to get work done has been well documented in recent years but the coronavirus pandemic drove home just how important it is to have access to financial tools , resources and advice especially during uncertain times. . Top 10 Employee Benefits for 2021. #1

Employee Benefits 111

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

Benefit Resource Inc.

JANUARY 11, 2023

Medical providers and pharmacies must maintain detailed documentation. You avoid all requests for documentation and eliminate the risk of losing the receipt. Generally, you will also have access to an online login at the carrier where you can obtain a copy. Check with your Provider. If All Else Fails.

Insurance Carriers 85

Insurance Carriers Medical Retail Insurance 85

Benefit Resource Inc.

FEBRUARY 17, 2023

Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) are both incredibly valuable benefits to help employees use pre-tax dollars to pay for eligible medical expenses. Did you know the purchase of adaptive equipment, including automobile modifications and even elevator installation may be eligible?

Medical 52

Medical Telecommunication Flexible Spending Account Health Savings Account 52

Flimp Communications

SEPTEMBER 12, 2024

There are some things a new employee just needs to know, and written documents are often the most effective way to impart that essential information. Of course, these days, many, if not most, onboarding documents are digital, shared via email, web-based platforms, or mobile apps. Role-specific documents.

Taxes 52

Taxes Life Insurance Flexible Spending Account Banking 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. A Medical Flexible Spending Account (Medical FSA) allows you to use tax-free money to pay for your family’s medical expenses. By the way, Open Enrollment closes on Friday.

Health Savings Account 55

Health Savings Account Flexible Spending Account Flexible Spending Medical 55

Business Management Daily

SEPTEMBER 22, 2021

FSA benefit plans: Flexible spending accounts also allow employees to set aside pre-tax dollars to cover qualified healthcare or dependent care expenses. Make sure you have enough copies of each document or form that you need to pass out to employees. The IRS sets annual HSA contribution limits. Stay organized.

Employment 90

Employment Deductions Benefit Providers Deductible 90

PeopleStrategy

NOVEMBER 7, 2017

If certain individuals received raises or promotions, make sure these changes are reflected in their current pay stubs as well as in tax documents and company records. This involves checking that your HR technology will continue to support compliance documentation and reporting under these changes. Make any necessary updates to FSAs.

Flexible Spending Account 58

Flexible Spending Account Taxes Flexible Spending Retirement Plan 58

Benefit Resource Inc.

MARCH 17, 2022

When someone reads their required plan documents…). Please know, we do understand that pre-tax benefits can be complex for people who don’t live and breathe the regulations surrounding them. That’s why we’re here to help ! Ready to turn your pretty pennies into a pot of gold?

Taxes 98

Taxes Medical Flexible Spending Employment 98