This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Administered by the International Foundation of Employee Benefit Plans (IFEBP) and Dalhousie University, this program provides a comprehensive education on employee benefits, retirement plans, and health benefits. Flexible learning format with self-paced courses. It’s perfect for those who manage employee health savings programs.
And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexiblespending account (FSA) funds? The information in this blog post is for educational purposes only. Keep reading if you’re interested in supporting your employees with these needs.
In the second blog post in our three-part series to educate first-time participants, we walk through a few factors you should consider when choosing among employee benefits accounts for the first time. Click here for the first blog post in our series on choosing a health plan for the first time.
However, for participants of health savings accounts (HSAs) or medical flexiblespending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs. The information in this blog post is for educational purposes only. It is not legal or tax advice.
Participating in a health savings account (HSA) or flexiblespending account (FSA) is a great way to save money. Flexiblespending account An FSA is an employer-owned account that you use to set aside funds for qualified expenses. The information in this blog post is for educational purposes only.
Medical flexiblespending accounts (medical FSAs) are use-or-lose accounts. The information in this blog post is for educational purposes only. There are limits as to whether (or how much of) your employees’ FSA funds can be carried over into the next plan year. How well do your employees understand their FSA’s plan rules?
As year-end draws closer, countless employees unknowingly leave money on the tablemoney theyve set aside for healthcare through their FlexibleSpending Accounts (FSAs). A well-designed Digital Postcard could include: A countdown to the FSA spending deadline. Here are some overlooked ways to use FSA funds: 1.
Keep in mind that the ritual of choosing a benefits package is a brand-new experience for people who are new to the workforce, and you should prepare to educate new employees on how to effectively choose and use their new coverages, as well as all the details like premiums, deductibles and out-of-pocket expenses. Continuing education.
Add health savings accounts and flexiblespending accounts. Provide general financial education at no cost or low cost through trusted third-party resources. Reimburse employees’ tuition costs for obtaining higher education or continuing career education while they’re employed at your company.
Fortunately, health savings accounts (HSAs) and flexiblespending accounts (FSAs) cover many common winter eligible expenses you might turn to this time of year! The information in this blog post is for educational purposes only. For many, winter is as synonymous for snowflakes as it is for sinus problems.
Tuition Assistance: Support employees’ pursuit of higher education or certifications through tuition assistance programs, demonstrating a commitment to their long-term success. Prioritize Employee Well-being and Mental Health: Employee well-being is paramount in reducing turnover and fostering a healthy, productive workforce.
Flexiblespending accounts (FSA) Flexiblespending accounts (FSAs) offer a valuable tax-advantaged benefit, but the IRS use-or-lose rule can result in forfeited funds if employees dont use their balances by the deadline. The information in this blog post is for educational purposes only.
5 common FSA terms you should know Boost your understanding of flexiblespending accounts (FSAs) by mastering these 5 common terms. The information in this blog post is for educational purposes only. Check out our blog post to simplify your FSA experience and make the most of your benefits! It is not legal or tax advice.
Your benefits administrator may also offer non-discrimination testing , which is required for flexiblespending accounts (FSAs) , health reimbursement arrangements (HRAs) , and more. The information in this blog post is for educational purposes only. Do our employees understand and value their benefits? Check out our handout.
In fact, staying on top of your health savings account (HSA) , flexiblespending account (FSA) , or any other plan you signed up for throughout the year can pay off for you. Education is critical to get the most out of your employee benefits. The information in this blog post is for educational purposes only.
Host benefits education sessions Many employees may not fully understand the value of their benefits. The information in this blog post is for educational purposes only. Learn more by subscribing to our blog. Simply hit the Subscribe button above or submit your email address in the form below. It is not legal or tax advice.
PeopleKeep also provides flexiblespending accounts (FSAs), health reimbursement arrangements (HRAs), and health savings accounts (HSAs) to help employees save money on healthcare expenses. Employers can choose from a range of pre-tax benefits, including health insurance, dental insurance, vision insurance, and other types of benefits.
While HSAs combine several of the best features of 401(k)s and flexiblespending accounts (FSAs), they are often overlooked and underutilized. WEX is excited to use HSA Day to educate employers and employees about the value of HSAs.” The information in this post is for educational purposes only.
It allows employees to explore and select their desired benefits packages from a wide range of options, including health insurance, retirement plans, flexiblespending accounts, and more. Benefit Elect also offers advanced communication and education tools to enhance employee engagement and understanding of their benefits.
Through a user-friendly interface, employees can easily access and manage their benefits, including health insurance, retirement plans, flexiblespending accounts, and more. They provide a range of communication and education tools to help employees understand their benefits options and make informed choices.
Educate About Tax-Advantaged HSAs (And Similar Benefits) As you know, health savings accounts (HSAs) are triple tax-advantaged. However, with a bit of educational outreach, you can help your companys employees see that HSAs can reduce their tax bills and medical costs while helping them save for retirement. Sign up for our webinar.
An informative blog , educational videos and savings and goal calculators make it easy for you to determine your plan elections. This is your best opportunity to discuss available plans with your employer and learn what has changed from the previous year. The “daily grind” can often get in the way of the big picture, but don’t let it!
Through the platform, employers can offer a wide range of benefits, including health insurance, retirement plans, flexiblespending accounts, and more. These include personalized communication campaigns, interactive decision-support tools, and access to a comprehensive library of educational resources.
This means that employers can easily manage various benefit plans, such as health insurance, retirement savings, flexiblespending accounts, and more, all in one place. One of the key advantages of Benefitfirst is its ability to consolidate multiple benefits offerings into a single, centralized platform.
The platform supports a wide range of benefit types, including health insurance, dental and vision coverage, retirement plans, flexiblespending accounts, and more. The platform also provides educational resources and decision support tools to help employees understand their benefits and make informed choices.
The company provides retirement savings plans and investment options, along with educational resources to help employees make informed decisions about their financial future. These offerings not only promote the overall well-being of employees but also contribute to a healthier and more productive workforce.
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 flexiblespending account. Offer Financial Education for Employees. A few companies such as Patagonia find it cost-effective to provide on-site childcare for employees.
HSAs and FSAs: Service dog expenses Health savings accounts (HSAs) and flexiblespending accounts (FSAs) may provide an additional avenue for covering the cost of a service dog. The information in this blog post is for educational purposes only. Peace of mind knowing that your pet is covered for life.
HSAs and FSAs as an option Health savings accounts (HSAs) and flexiblespending accounts (FSAs) are among the pre-tax accounts you can contribute funds to and save money on healthcare costs. The information in this blog post is for educational purposes only. It is not legal or tax advice.
The IRS requires your flexiblespending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. For example, participants with an FSA powered by WEX have access to technology, processes, and educational materials to make it easier for them to access their funds.
Did you recently elect to participate in a medical flexiblespending account (FSA) ? What is a medical flexiblespending account (FSA)? The information in this blog post is for educational purposes only. If you’re a first-time medical FSA participant, you may not be familiar with FSA definitions and rules.
Why adding an FSA makes an HSA even better Did you know that you can participate in both an HSA and a flexiblespending account (FSA)? The information in this blog post is for educational purposes only. Get educated with our top 2022 blog posts appeared first on WEX Inc. Learn more about the limits here.
Sunscreen can cost as much as $40 a bottle, but did you know you can actually use your health savings account (HSA) or medical flexiblespending account (FSA) funds on many SPF-related expenses? Sunscreen There’s a good chance you’re planning on spending some time in the sun over the next few months. How’s your sunscreen stock?
It emphasizes that employees often choose health plans that will end up costing them more than it should in terms of out-of-pocket expenses or premiums, and that employers should help by providing assistance and education. During your educational sessions, provide scenarios of how choosing the wrong plan can financially burden an enrollee.
Health savings accounts (HSAs) and flexiblespending accounts (FSAs) are often misunderstood, despite their significant financial advantages. Maximizing your benefits As open enrollment season approaches, employers should prioritize educating employees about the full range of benefits offered by HSAs and FSAs.
You might be surprised to learn that your health savings account (HSA) and medical flexiblespending account (FSA) can help you save on purchases of a variety of back-to-school, expenses, including: Thermometers. The information in this blog post is for educational purposes only. It is not legal, financial, or tax advice.
And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexiblespending account (FSA) funds? The information in this blog post is for educational purposes only. Keep reading if you're interested in supporting your employees with these needs.
It’s important not to lose sight of that when developing content and communicating that you offer a health savings account (HSA) , flexiblespending account (FSA) , or any other benefits. Plus, it allowed for more flexibility, personalization, and feedback. The information in this blog post is for educational purposes only.
How can your benefits messaging cater to your employees through benefits education? It’s about what a health savings account or a flexiblespending account can do for them." Increase convenience Increased convenience to benefits education can have a significant impact on an employee’s ability to understand their benefits.
Participating in a health savings account (HSA) or flexiblespending account (FSA) is a great way to save money. Flexiblespending account An FSA is an employer-owned account that you use to set aside funds for qualified expenses. The information in this blog post is for educational purposes only.
However, for participants of health savings accounts (HSAs) or medical flexiblespending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs. The information in this blog post is for educational purposes only. It is not legal or tax advice.
Check Your FSA - Learn the rules for your flexiblespending account (FSA). When you feel “imposter syndrome” at work or that nobody cares about your paid or volunteer efforts, pull these items out and read them. These plans allow workers to contribute pre-tax income annually for out-of-pocket medical expenses and child/elder care.
A dependent care flexiblespending account lets participants set aside pre-tax dollars to help pay for dependent care. The information in this blog post is for educational purposes only. It’s a smart way to save money on expenses such as childcare or elderly care for a dependent. It is not legal or tax advice.
For those who have health savings accounts (HSAs) or medical flexiblespending accounts (FSAs) , there are opportunities to save money on these expenses. The information in this blog post is for educational purposes only. Dental expenses can be a significant financial burden, especially when unexpected dental procedures arise.
We organize all of the trending information in your field so you don't have to. Join 46,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content