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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 flexiblespendingaccount (FSA) funds? The information in this blog post is for educational purposes only. What are fertility benefits? Here are a few to-dos for you.
If you’ve never been asked if you would like to participate in an employee benefits account before, you might be asking yourself, “What are all these acronyms?” Exploring HSAs and FSAs HSAs and medical flexiblespendingaccounts (FSAs) let you save money because the funds you contribute to them are pre-tax.
However, for participants of health savings accounts (HSAs) or medical flexiblespendingaccounts (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 flexiblespendingaccount (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses. It is not legal or tax advice.
Medical flexiblespendingaccounts (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. It is not legal or tax advice.
As year-end draws closer, countless employees unknowingly leave money on the tablemoney theyve set aside for healthcare through their FlexibleSpendingAccounts (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.
Add health savings accounts and flexiblespendingaccounts. 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 flexiblespendingaccounts (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.
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.
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.
Flexiblespendingaccounts (FSA) Flexiblespendingaccounts (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 flexiblespendingaccounts (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.
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. Right after you log in to your online account or the benefits mobile app, youll see a Tasks menu. It is not legal or tax advice.
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. The information in this blog post is for educational purposes only. Check out our handout. Download now!
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 flexiblespendingaccounts (FSAs), health reimbursement arrangements (HRAs), and health savings accounts (HSAs) to help employees save money on healthcare expenses. One of the key features of PeopleKeep is its ease of use. The post PeopleKeep appeared first on HR Lineup.
It allows employees to explore and select their desired benefits packages from a wide range of options, including health insurance, retirement plans, flexiblespendingaccounts, 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, flexiblespendingaccounts, and more. They provide a range of communication and education tools to help employees understand their benefits options and make informed choices.
“Health savings accounts are booming in popularity, with total assets eclipsing $123 billion in 2023 – nearly triple from just five years earlier – and yet they’re still widely misunderstood,” said Robert Deshaies, Chief Operating Officer of Benefits at WEX. The information in this post is for educational purposes only.
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!
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.
Through the platform, employers can offer a wide range of benefits, including health insurance, retirement plans, flexiblespendingaccounts, 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, flexiblespendingaccounts, 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, flexiblespendingaccounts, 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 flexiblespendingaccount. 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 flexiblespendingaccounts (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.
Did you recently elect to participate in a medical flexiblespendingaccount (FSA) ? What is a medical flexiblespendingaccount (FSA)? The information in this blog post is for educational purposes only. Do you want to learn even more about medical FSAs? Check out our podcast episode below!
Sunscreen can cost as much as $40 a bottle, but did you know you can actually use your health savings account (HSA) or medical flexiblespendingaccount (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.
HSAs and FSAs as an option Health savings accounts (HSAs) and flexiblespendingaccounts (FSAs) are among the pre-tax accounts you can contribute funds to and save money on healthcare costs. However, your eligibility for either account can be influenced by the health plan you choose.
The IRS requires your flexiblespendingaccount (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.
Participating in a health savings account (HSA) or flexiblespendingaccount (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses. It is not legal or tax advice.
Check Your FSA - Learn the rules for your flexiblespendingaccount (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. Many people had elective medical procedures canceled in 2021 or their child care needs changed.
You might be surprised to learn that your health savings account (HSA) and medical flexiblespendingaccount (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.
And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexiblespendingaccount (FSA) funds? The information in this blog post is for educational purposes only. What are fertility benefits? Here are a few to-dos for you.
Health savings accounts (HSAs) and flexiblespendingaccounts (FSAs) are often misunderstood, despite their significant financial advantages. It’s time to clarify the ins and outs of these tax-saving healthcare accounts and answer some HSA and FSA FAQs. It is not legal or tax advice.
However, for participants of health savings accounts (HSAs) or medical flexiblespendingaccounts (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.
A dependent care flexiblespendingaccount lets participants set aside pre-tax dollars to help pay for dependent care. For example, if you’re putting $5,000 into the account, that would leave $1,000 that you can apply the tax credit to before you’ve reached the $6,000 ceiling for the credit. It is not legal or tax advice.
For those who have health savings accounts (HSAs) or medical flexiblespendingaccounts (FSAs) , there are opportunities to save money on these expenses. The information in this blog post is for educational purposes only. We answer a few common dental-related questions as it relates to your HSA or medical FSA.
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.
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. Right after you log in to your online account or the benefits mobile app, you’ll see a “Tasks” menu. It is not legal or tax advice.
Flexiblespendingaccounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. What you can do: Education is key. The information in this blog post is for educational purposes only. Provide clear, concise resources that explain the ins and outs of FSAs.
How can your benefits messaging cater to your employees through benefits education? It’s about what a health savings account or a flexiblespendingaccount can do for them." The information in this blog post is for educational purposes only. Employees can visit when it's most convenient for them.”
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