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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.

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Digital Health Benefit Tools Can Help Your Employees Save Money, Stay Healthy

InterWest Insurance Services

Employees who use the tool rave about it, particularly how it helps them negotiate medical costs and provides them with advance knowledge that can help them save thousands of dollars in health care expenses. But tools like the above can go a long way towards educating them about their health and health benefits.

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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.

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7 ways to manage your benefits better, based on your personality

Benefit Resource Inc.

Step one is going to be ditching paper account statements for electronic documents. You can opt-in to these handy (and free) notifications through your online account or the mobile app. You like sticking it to the man: The more money you put into your tax-free account, the less goes into the pocket of the IRS.

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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.

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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).

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Compliance Areas for 2024 You Might Not Have Thought Of

PeopleStrategy

Let’s get into these areas that deserve another look before the new year starts: health savings accounts, overtime, retirement, remote employment, and the Affordable Care Act. HSA Compliance Health savings accounts (HSAs) have become commonplace in the last several years as a way to offset high deductible health plans.

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