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In fact, staying on top of your health savings account (HSA) , flexiblespendingaccount (FSA) , or any other plan you signed up for throughout the year can pay off for you. Weve compiled some tips to help you if you participate in a WEX benefits plan. Its an expectation. How do you do this?
In fact, staying on top of your health savings account (HSA) , flexiblespendingaccount (FSA) , or any other plan you signed up for throughout the year can pay off for you. We’ve compiled some tips to help you if you participate in a WEX benefits plan. It’s an expectation. How do you do this?
This can look like: Using well-known carriers for the health insurance options you sponsor Contributing to a health savings account or flexiblespendingaccount for employees Offering an employee assistance program (EAP) Matching a percentage of employee retirementplan contributions.
The following commonly offered Employee Benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs). Health flexiblespendingaccounts (FSAs). 401(k) plans. Transportation fringe benefit plans. IRS Notice 2022-55: 2023 limits for retirementplans.
This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexiblespendingaccounts, retirementplans and more. Promote the money-saving value of a flexiblespendingaccount.
Provide employees with easily understandable materials that explain their benefit options, including health insurance, retirementplans, and any other perks. Offer Choice and Flexibility Employees value choice and flexibility. Download your guide today and share it with your team or other decision-makers.
As a co-employer, the PEO is able to offer a wide variety of benefits to your employees through PEO-sponsored benefit plans, such as medical, dental and vision coverage, a healthcare flexiblespendingaccount, and life and disability benefits. Retirementplans.
But there’s a great chance that if you offer a high deductible health plan with an HSA, your employees aren’t crystal clear on the benefits of the health savings account. million accounts in 2006 to over 22 million at the end of 2017. Using HSAs as an Investment Strategy for Retirement.
Some people might want benefits that can be used to support children, like a General or Limited FlexibleSpendingAccount (FSA) or a Dependent Care FSA. But others may be interested in long-term saving goals or retirementplanning. Active Listening. Tell us in the comments!
For example, some employers are adopting health plans that cover, or at least provide some reimbursement for, reproductive health. Add health savings accounts and flexiblespendingaccounts. Ask your provider if it’s possible to design plans for unique situations and goals.
Retirementplans Employees want to be able to save for retirement and plan for their futures. In a 401(k) plan, the most common type of retirementplan, employees can save up to a certain amount set by the U.S. Internal Revenue Service (IRS) each year.
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