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Non-discrimination testing: Stay compliant with FSAs, HRAs, and more

WEX Inc.

The IRS requires non-discrimination testing for employers who offer plans governed by Section 125 , which includes a flexible spending account (FSA). You’ll be able to: Access immediate results through downloadable, online reports. What plans require non-discrimination testing? Easily obtain historical reports for past tests.

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Start your new benefits plan year off right with these 8 tips

WEX Inc.

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. Download our app A variety of day-to-day expenses are eligible for your HSA and FSA funds, including over-the-counter expenses. Its an expectation.

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FSA vs. HSA: Which camp are you?

Benefit Resource Inc.

For a long time, I believed you were either for Health Savings Accounts (HSAs) or you were for Flexible Spending Accounts (FSAs), but you couldn’t be for both. To learn more about FSAs and HSAs, download our account comparison chart. The very nature of HSAs prevented you from also participating in a General Medical FSA.

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HRA vs. HSA vs. FSA comparison chart

PeopleKeep

Plans like health reimbursement arrangements (HRAs), health savings accounts (HSAs), and flexible spending accounts (FSAs) are all ABHPs that are growing in popularity. Click to download yours here. In fact, Willis Towers Watson’s Best Practices in Health Care survey reports 84% of employers offered an ABHP in 2019.

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Download our Healthcare Savings Ebook

Benefit Resource Inc.

Download our new ebook, Decoding the Dollars: Unraveling FSA vs. HSA. download our ebook The post Download our Healthcare Savings Ebook appeared first on BRI | Benefit Resource. While both accounts offer benefits, they have distinct features that suit different financial situations and personal preferences.

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What employers ask when considering outsourcing benefits admin

WEX Inc.

Your benefits administrator may also offer non-discrimination testing , which is required for flexible spending accounts (FSAs) , health reimbursement arrangements (HRAs) , and more. Download now! Do our employees understand and value their benefits? Check out our handout. It is not legal or tax advice.

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12 Ways to Improve Your Workforce’s Work-Life Balance

Achievers

If that’s not feasible, you may be able to join the 58 percent of smaller firms (and 83 percent of larger ones) who offer a dependent care flexible spending account. To learn more, download our e-book, “How to Incentivize Your Workforce.”. . . Make Sure Employees Take All Their Paid Leave. Share your comments below. .