article thumbnail

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?

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HRA vs. HSA vs. FSA comparison chart

PeopleKeep

One way small employers can avoid high insurance costs while still offering a formal health benefit to recruit and retain top talent is an account-based health plan (ABHP). Plans like health reimbursement arrangements (HRAs), health savings accounts (HSAs), and flexible spending accounts (FSAs) are all ABHPs that are growing in popularity.

article thumbnail

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 post FSA vs. HSA: Which camp are you?

article thumbnail

What employers ask when considering outsourcing benefits admin

WEX Inc.

When things change at lightspeed, it is imperative to have team members who understand what you need to do to stay in compliance, but also develop a detailed plan to execute, predict and account for downstream impacts. Download now! Do our employees understand and value their benefits? Check out our handout.

article thumbnail

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.

article thumbnail

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.