WEX Inc.

MARCH 20, 2023

And you can download our handout to learn more about the perks of outsourcing benefits administration. Download now! Your benefits administrator may also offer non-discrimination testing , which is required for flexible spending accounts (FSAs) , health reimbursement arrangements (HRAs) , and more.

Employment 98

Employment Flexible Spending Account Flexible Spending Education 98

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. Let’s be honest– one of the main reasons you enrolled in a pre-tax account was to save money. Download and print the PDF here.

Deductions 74

Deductions Deductible Health Flexible Spending Account 74

Benefit Resource Inc.

OCTOBER 16, 2018

” 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?” What if you could choose the right pre-tax benefit accounts by answering four questions? This provides an illustration of how tax advantaged accounts save you money.

Health Savings Account 55

Health Savings Account Flexible Spending Account Flexible Spending Medical 55

Benefit Resource Inc.

APRIL 21, 2021

Many of them affected pre-tax benefits plan and continuation coverage, also referred to as COBRA. Flexible Spending Accounts are not eligible for subsidy. Plan sponsors are responsible for paying premiums to the carrier and will receive a tax credit against their quarterly payroll taxes. What is the subsidy period?

Flexible Spending Account 74

Flexible Spending Account Taxes Flexible Spending Insurance 74

CorpStrat

JANUARY 17, 2023

Health flexible spending accounts (FSAs). DOWNLOAD OUR FREE PDF DETAILING 2023 LIMIT INCREASES: DOWNLOAD PDF. Health FSA pre-tax contribution limit. Employees’ elective deferrals to 401(k) plans, pre-tax and Roth. Tax exclusion for adoption assistance benefits. 401(k) plans. Unchanged Limits.

401(k) 52

401(k) Employee Benefits Flexible Spending Account Health Savings Account 52

Insperity

FEBRUARY 13, 2018

This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more. They’ll have even more money at retirement thanks to your company, plus you’ll receive a tax benefit. Everybody wins.

401(k) 77

401(k) Disability Insurance Flexible Spending Account Deductions 77

Benefit Resource Inc.

MARCH 30, 2021

The Pre-tax Toolbox. Click here to download our guide to acronyms used in benefits. To make it (hopefully) a little easier, we will tackle it through four groups: Rules and Enforcers. Accounting and HR Terms. General Benefits Terms. Are you ready to better understand the language used in the benefits world?

Taxes 75

Taxes Flexible Spending IT 75

Benefit Resource Inc.

JUNE 29, 2021

Within the pre-tax benefit space, your work is cut out for you as a human resource professional. Now that you’ve explained (again) how insurance works, you get to begin the real work of teaching employees the difference between Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). Download it now!

401(k) 78

401(k) Deductions Deductible Flexible Spending Account 78

Benefit Resource Inc.

FEBRUARY 19, 2019

Your employer provided a benefit (aka: allowed you to set aside funds pre-tax). The funds must then be imputed (or treated as income) and subject to payroll taxes. With Flexible Spending Accounts (FSAs), imputed income is the last resort when receipts requests (or supporting documentation) are not provided.

Flexible Spending Account 45

Flexible Spending Account Flexible Spending Taxes Benefit Providers 45

Benefit Resource Inc.

MARCH 2, 2021

FSAs are one of the most popular pre-tax benefits in United States. While certain spending avenues were opened after reform healthcare reform was released in 2020 due to the coronavirus pandemic, there are still certain items that you should not purchase with your FSA. In 2019, more than 68% of employees had enrolled in the account*.

Taxes 76

Taxes Healthcare Medical Flexible Spending 76

Benefit Resource Inc.

OCTOBER 30, 2018

When it comes to pre-tax benefits specifically, we found three areas that are common culprits: Gaps in understanding of pre-tax benefits. Minimal integration of pre-tax benefits. Gaps in u nderstanding of pre-tax benefits. best practices for funding pre-tax accounts alongside a health plan.

Flexible Spending Account 56

Flexible Spending Account Taxes Health Savings Account Flexible Spending 56

Benefit Resource Inc.

JUNE 1, 2023

An additional tool can be pairing an HSA-HDHP with a Limited Flexible Spending Account (or Limited FSA). Employees can use two tax-advantaged accounts to cover many primary eligible expenses. In the end, employees walk away with lower premiums and two pre-tax accounts to keep even more money in their pockets.

Flexible Spending Account 52

Flexible Spending Account Healthcare Health Savings Account Deductions 52

Insperity

DECEMBER 13, 2018

HSA is the acronym for health savings account; FSA is the acronym for flexible spending account. An easy, basic way to distinguish what each account is intended for is by focusing on what the letter “S” represents in each: savings and spending. Income tax is still owed on funds taken out of the account for non-eligible expenses.

401(k) 57

401(k) Deductions Deductible Taxes 57

WEX Inc.

JULY 13, 2023

Testing shows whether or not your tax-advantaged plans are discriminating in favor of highly compensated employees or key employees. The IRS requires non-discrimination testing for employers who offer plans governed by Section 125 , which includes a flexible spending account (FSA).

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Medical Taxes 52

Benefit Resource Inc.

MARCH 28, 2019

Whether it’s through in-home care or before/after school programs , I am the only pre-tax account that can offer this kind of support. I enjoy: Saving people money through pre-tax payroll deductions. If you are thinking about opening a Dependent Care Account, download this one-page guide to determine how much you could save.

Medical 64

Medical Taxes Deductions Deductible 64

Insperity

APRIL 26, 2018

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 flexible spending account, and life and disability benefits. This relieves the potential burden from your business, as a client of the CPEO.

401(k) 69

401(k) Professional Employer Organization Workers’ Compensation Payroll Service 69

Corporate Synergies

FEBRUARY 11, 2019

A flexible spending account (FSA), which can be used to cover childcare and medical costs tax-free. A health savings account (HSA), which can also be used to cover medical expenses tax-free. Employees need to understand taxes involved in childcare services, such as employing a nanny. Give Us On-demand Healthcare.

Health Insurance 47

Health Insurance Insurance Insurance Carriers Out of Pocket Cost 47

Flimp Communications

SEPTEMBER 12, 2024

These documents are mandated by federal and state employment and tax regulations. employees must also complete form W-4, which tells the employer how much to withhold from the employee’s pay for federal income tax. State Withholding Forms Some states provide separate tax withholding certificates (state W-4s) for state income taxes.

Taxes 52

Taxes Life Insurance Flexible Spending Account Banking 52

Corporate Synergies

AUGUST 6, 2018

Employers that have gone the HDHP route typically offer a qualified plan that includes a health savings account to help pay for qualifying medical expenses tax-free. In addition, employers can contribute tax-free dollars if they choose—all of which is employee money. This is even better tax treatment than the typical retirement plan!

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Benefit Resource Inc.

SEPTEMBER 8, 2021

Some people might want benefits that can be used to support children, like a General or Limited Flexible Spending Account (FSA) or a Dependent Care FSA. When it comes to pre-tax benefits, employees can put their hard-earned money where it will work best for them. Discuss money and communicate clearly. Active Listening.

Health Savings Account 40

Health Savings Account Flexible Spending Account Finance Flexible Spending 40

Benefit Resource Inc.

APRIL 1, 2021

Is this benefits provider trying to rip you off and take all of your money by not allowing you to purchase anything with your pre-tax health dollars? If you wanted a good cheat sheet on what is eligible, download this. Apparently, according to the person you reached, the items in your cart are actually ineligible medical expenses.

Benefit Providers 40

Benefit Providers Medical Taxes Electronics 40

Corporate Synergies

SEPTEMBER 10, 2018

New laws (like the federal tax law) plus evolving regulations around benefits add more to HR’s already full plate. Download PDF Subscribe to the Knowledge Center. There are open enrollment education campaigns and communications meetings to plan and launch. No wonder you don’t have time for lunch. Keep New Benefit Options Simple.

Health and Welfare 40

Health and Welfare Voluntary Benefits Flexible Spending Account Health Savings Account 40

Benefit Resource Inc.

NOVEMBER 5, 2019

I’m here to tell you a secret: Even if you make under $30,000 a year, you can still have money for your company’s health insurance plan and for a plan that can save you on taxes. Like a Health Savings Account or a Flexible Spending Account ). Download a free budgeting app. Pick one a free one to set up.

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Retail Healthcare 40

Flimp Communications

SEPTEMBER 25, 2024

A health savings account (HSA) or flexible spending account (FSA) will let you pay your drug copays with pre-tax dollars. Health Insurance Explainer Email Template #3: HSA Contributions The tax-slashing benefits of a health savings account (HSA) might be the most misunderstood concept in the benefits landscape.

Health Insurance 98

Health Insurance Insurance Health Savings Account Flexible Spending Account 98

Insperity

NOVEMBER 26, 2024

Add health savings accounts and flexible spending accounts. Child and elder care assistance (flexible spending accounts or company reimbursements to cover these costs). Download our free magazine: The Insperity guide to offering irresistible employee benefits. Provide coverage for mental health care services.

Employee Benefits 72

Employee Benefits Family and Medical Leave Act PTO Flexible Spending Account 72

Flimp Communications

DECEMBER 10, 2024

As year-end draws closer, countless employees unknowingly leave money on the tablemoney theyve set aside for healthcare through their Flexible Spending Accounts (FSAs). For employees, it means paying out of pocket for expenses that could have been purchased with pre-tax dollars.

Utilities 98

Utilities Family and Medical Leave Act Flexible Spending Account Medical 98

Insperity

MARCH 12, 2024

Flexible spending accounts (FSAs) and health savings accounts (HSAs) HSAs and FSAs can help employees better prepare for medical expenses and, in the case of HSAs, even help employees enhance their retirement savings. Funds can be withdrawn for non-eligible expenses, but they will be taxed.)

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits PTO 401(k) 59

Benefit Resource Inc.

NOVEMBER 27, 2018

Health benefits commonly have a greater share of voice than pre-tax benefits during enrollment meetings. It is imperative to present a comprehensive health care picture where pre-tax benefits come alongside existing insurance plans as another savings tool. Download for free here. Get employees started with Why Should I Enroll?

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Electronics Taxes 40