Remove Electronics Remove Flexible Spending Account Remove Health Savings Account
article thumbnail

Your 2025 benefits compliance checklist: What you need to know

WEX Inc.

March 31, 2025: Electronic filing deadline for 1095-C forms. Flexible spending accounts (FSA) Flexible spending 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.

article thumbnail

Open Enrollment Prep: Identify Workers’ Needs, Consider Costs to Plan Benefits

InterWest Insurance Services

This is especially true if you are making changes to cost-sharing, introducing new plans, introducing a wellness plan or health savings accounts or flexible spending accounts. You can also invite them to view any electronic material you may post online, like the aforementioned videos.

Insiders

Sign Up for our Newsletter

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

article thumbnail

ACA Update: What You Need to Know This Fall

Winston Benefits

Applicable Large Employers with 250 or more returns must file electronically by March 31, 2018. If possible, boost communication around voluntary health benefits as well as any savings products such as Health Savings Accounts or Flexible Spending Accounts employees can use to pay for health care.

article thumbnail

Are There Tax Documents for Your Pre-Tax Benefits?

Benefit Resource Inc.

A Health Savings Account (HSA) is a savings account that provides tax-free contributions and potential tax deductions for qualified medical expenses incurred by the holder. A paper statement fee applies (see your HSA account holder agreement).

Taxes 40
article thumbnail

March HR News Worth Review

Higginbotham

While many employers are familiar with health savings accounts (HSAs) and flexible spending accounts (FSAs), lifestyle spending accounts (LSAs) are an emerging benefit that can provide flexible and personalized support to employees.

article thumbnail

10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

5 Source Features Health, dental, and vision insurance Life and disability insurance 401(k) retirement plans Health savings accounts Flexible spending accounts Workers’ compensation insurance Commuter benefits, gym memberships, and mental health assistance.

article thumbnail

People over perks: Bridging employee benefits with strong HR

Insperity

For example, some employers are adopting health plans that cover, or at least provide some reimbursement for, reproductive health. Add health savings accounts and flexible spending accounts. Provide coverage for mental health care services.