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

McDermott Will & Emery Employee Benefits

MAY 17, 2023

Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2023-23) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2024.

Health Savings Account 94

Health Savings Account Deductible Deductions Employee Benefits 94

McDermott Will & Emery Employee Benefits

APRIL 29, 2022

Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2022-24) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2023.

Health Savings Account 98

Health Savings Account Deductible Deductions Employee Benefits 98

McDermott Will & Emery Employee Benefits

MAY 3, 2023

Although the end date of the NE was subsequently advanced to April 10, 2023, by Congressional resolution, the US Departments of Labor, Health and Human […] The post Preparing for the End of the COVID-19 Emergency: High-Deductible Health Plans and Health Savings Accounts appeared first on EMPLOYEE BENEFITS BLOG.

Health Savings Account 95

Health Savings Account Deductible Deductions Employee Benefits 95

Insperity

NOVEMBER 26, 2024

If you want your business to attract top talent in today’s job market and retain employees for the long term, one of the most powerful tools at your company’s disposal is competitive employee benefits. Let’s explore what employees expect so that you can stand out from your industry peers and recruit and keep the best.

Employee Benefits 69

Employee Benefits Family and Medical Leave Act PTO Flexible Spending Account 69

CorpStrat

DECEMBER 4, 2024

As the year winds down, employers have a crucial opportunity to fine-tune their employee benefits strategy. Open enrollment is wrapping up, and now is the time to ensure your benefits package is ready to meet employee needs and support your 2025 business goals. Let’s make it work for you.

Employee Benefits 52

Employee Benefits Employment Disability Insurance Health Savings Account 52

Employee Benefit News

APRIL 2, 2024

Help employees save money by educating them on contributions and eligible items for their health savings accounts.

Health Savings Account 229

Health Savings Account Taxes Education Employee Benefits 229

WEX Inc.

OCTOBER 30, 2024

As an employer, providing a robust employee benefits package is only half the battle. Educating on the value of their benefits and how best to use them is equally important. One of the questions we asked: What benefit would you like to learn more about? We recently surveyed nearly 60,000 of our participants.

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Education Health Savings Account Consulting Taxes 95

HR Lineup

FEBRUARY 13, 2023

USI is a leading insurance brokerage and consulting firm that specializes in employee benefits. The company offers a wide range of benefits solutions to help organizations of all sizes attract, retain, and engage their employees. The post USI Employee Benefits appeared first on HR Lineup.

Employee Benefits 130

Employee Benefits Flexible Spending Account Disability Insurance Health Savings Account 130

WEX Inc.

MAY 22, 2019

When it comes to managing employee benefits, employers are frequently turning to high-deductible health plans to help control costs.

Health Savings Account 61

Health Savings Account Deductible Deductions Healthcare 61

WEX Inc.

JANUARY 9, 2025

Use this data to identify gaps in communication or areas where employees may need additional education. For example, if health savings account (HSA) participation was lower than expected, you might plan targeted campaigns to explain their advantages. By linking to these products, WEX is not endorsing these products.

Employee Benefits 52

Employee Benefits Health Savings Account Taxes Education 52

Benefit Resource Inc.

MAY 15, 2024

One choice that sticks out in the ever-changing world of employee benefits for both employers and employees is a Health Savings Account (HSA). Leveraging HSA funds can be a game-changer for organizations looking to improve benefits packages and encourage financial wellness among employees.

Health Savings Account 52

Health Savings Account Healthcare Benefits Package Taxes 52

Best Money Moves

JULY 8, 2020

Top 10 employee benefits for 2021. HR trends forecast the most desired employee benefits for 2021 like financial wellness programs and flexible work arrangements. It’s time for employers to start planning their employee benefits packages for 2021. Top 10 Employee Benefits for 2021. #1

Employee Benefits 111

Employee Benefits Out of Pocket Cost Flexible Spending Account Health Insurance 111

UMB: Emplooyee Benefits

AUGUST 27, 2021

Between the increased prioritization of health due to the COVID-19 pandemic and the continued rising cost of healthcare, this comes as no surprise. The post Now is the time for employers to boost health savings account participation appeared first on Financial insights for individuals and businesses.

Health Savings Account 52

Health Savings Account Employment Healthcare Employee Benefits 52

Health Consultants Group

OCTOBER 1, 2021

Reconsidering your employee benefits priorities. As your employees settle into their post-pandemic workflow, you’re probably noticing that they don’t want business-as-usual. After a year of unprecedented medical and personal experiences, employees can easily detect holes in their benefits plans. Adoption Benefits.

Employee Benefits 86

Employee Benefits Family and Medical Leave Act Flexible Spending Account Health Savings Account 86

WEX Inc.

JULY 24, 2024

However, with clear goal-setting, you can increase employee satisfaction and loyalty while strengthening your company’s appeal to new candidates. And check out our Benefits Buzz podcast episode below with Shannon Hernandez, manager of client services at WEX, below. Check out our examples of S.M.A.R.T.

Health Savings Account 59

Health Savings Account Taxes Health Insurance Consulting 59

McDermott Will & Emery Employee Benefits

NOVEMBER 19, 2024

The Consolidated Appropriations Act (CAA), 2023 (Public Law 117-328), extended certain key virtual care flexibilities instituted during the COVID-19 public health emergency through December 31, 2024. This includes the telehealth safe harbor for health savings account-eligible high deductible health plans.

Health Savings Account 52

Health Savings Account Deductible Deductions Health and Welfare 52

McDermott Will & Emery Employee Benefits

NOVEMBER 1, 2023

The Social Security Administration […] The post IRS Announces 2024 Employee Benefit Plan Limits appeared first on EMPLOYEE BENEFITS BLOG. Most of the dollar limits that are subject to adjustment for cost-of-living increases will increase for 2024.

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Health and Welfare Employee Benefits Flexible Spending Account Health Savings Account 105

McDermott Will & Emery Employee Benefits

NOVEMBER 10, 2023

On November 9, 2023, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain health and welfare plan benefits, including those for health flexible spending arrangements and commuter benefit plans, among other important updates.

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Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 105

WEX Inc.

JANUARY 2, 2025

7 basic rules of an HSA you need to know Maximize the potential of your health savings account (HSA) by mastering these 7 essential rules. Discover how to make smarter contributions, save on healthcare costs, and plan for a healthier financial future. What is a dependent care FSA?

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

McDermott Will & Emery Employee Benefits

OCTOBER 21, 2022

The table below compares the applicable dollar limits for certain employee benefit programs and the Social Security wage base for 2022 […]. The post IRS Announces 2023 Employee Benefit Plan Limits appeared first on EMPLOYEE BENEFITS BLOG.

Employee Benefits 98

Employee Benefits Flexible Spending Account Employment Health Savings Account 98

WEX Inc.

JANUARY 8, 2025

And just because you have an entire plan year ahead doesnt mean you should wait until November or December to put time and energy into your employee benefits. In fact, staying on top of your health savings account (HSA) , flexible spending account (FSA) , or any other plan you signed up for throughout the year can pay off for you.

Flexible Spending Account 52

Flexible Spending Account 401(k) Health Savings Account Banking 52

Empuls

AUGUST 27, 2024

Now more than ever, employee benefit packages are considered important for the unwieldy terrain of today's job market. Only those organizations that understand how to use this most powerful approach to their advantage by including comprehensive benefits in kind do well in the market for acquiring and retaining key brainpower.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits 401(k) Benefits Package 40

Genesis HR Solutions

SEPTEMBER 22, 2020

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. 16+ types of employee benefits you should consider. Health Savings Account (HSA). Documenting employee benefit elections.

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401(k) Employee Benefits roth 401(k) Disability Insurance 98

InterWest Insurance Services

FEBRUARY 11, 2024

June 18, 2024 12:00 PM – 1:00 PM JOIN US: InterWest is a proud sponsor of Summit Employee Benefits Online education. SESSION DETAILS: As more and more employers offer at least one HDHP option, employers play a role in educating their employees about HSAs.

Health Savings Account 52

Health Savings Account Education Employee Benefits Employment 52

WEX Inc.

DECEMBER 12, 2024

AI allows HR teams to analyze employee data and deliver personalized recommendations that align with individual preferences and needs. Improved communication: AI-powered chatbots and virtual assistants can guide employees through benefits enrollment , answer questions 24/7, and provide real-time assistance during decision-making moments.

Health Savings Account 52

Health Savings Account Benefits Package Retirement Plan Taxes 52

Best Money Moves

OCTOBER 16, 2018

Employee benefits success is all about communication. A third of compensation costs go towards employee benefits and some employees would forgo a raise for better work-life balance or better healthcare benefits, but almost half of employees don’t even understand the benefits their employer already offers.

Employee Benefits 69

Employee Benefits 401(k) Paid Sick Leave Paid Vacation 69

WEX Inc.

MAY 2, 2024

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.

Health Savings Account 98

Health Savings Account 401(k) Flexible Spending Account Taxes 98

PeopleKeep

MAY 24, 2021

Opportunities to offer more flexible and personalized health benefits have grown a lot in recent years. With new tax-free vehicles emerging, including account-based health plans (ABHPs), small employers now have multiple ways to increase employees’ benefits.

Health Savings Account 98

Health Savings Account Benefits Package Deductible Deductions 98

WEX Inc.

MARCH 16, 2023

How much should I contribute to my health savings account (HSA) each month? If you’re covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $3,650 per year (in 2022) into your health savings account (HSA). What is an HSA?

Health Savings Account 98

Health Savings Account Deductible Deductions Healthcare 98

Joe Markland

OCTOBER 11, 2020

Source: MA Health Connector) This frees up an average of $2200 per year that can go towards a health savings account or maybe pay down one’s credit cards. Employers are forcing employees to pay more for health insurance leaving less money to pay for actual health care.

Health Insurance 130

Health Insurance Insurance Health Savings Account Employment 130

WEX Inc.

NOVEMBER 27, 2024

You must be enrolled in an HDHP to be eligible to participate in a health savings account (HSA). PPOs are a common type of traditional health plan. Traditional Health Plan Calculator , which lets you input your annual doctor visit and prescription expenses to see the plan that’s right for you. What’s a PPO?

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Deductible Deductions Health Savings Account Flexible Spending Account 52

Griffin Benefits

FEBRUARY 7, 2023

Regulations aside, employee benefits management hasn’t changed much in several decades, so it’s notable that employers are beginning to use traditional marketing tactics to make sure their benefits efforts hit the mark for their employees. This group is typically 26- to 34-years old and savvier about benefits.

Employee Benefits 81

Employee Benefits Health Savings Account Food Medical 81

BerniePortal

DECEMBER 20, 2021

Of course, not all medical expenses are covered by an individual’s health insurance plan. A health savings account is an excellent employee benefit to accompany a high-deductible health plan, and account-holders should be encouraged to take advantage of these tax-free funds.

Health Savings Account 96

Health Savings Account Health Insurance Deductible Deductions 96

WEX Inc.

MARCH 7, 2023

We wanted to share a few tips and reminders about the health savings account (HSA) information you’ll need for your tax return. WEX's HSA participants can find the tax forms related to their HSA under the “Message Center” tab of their online account. The season for filing taxes is upon us once again.

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Taxes Health Savings Account Deductible Deductions 98

WEX Inc.

OCTOBER 4, 2023

Participating in a health savings account (HSA) or flexible spending account (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.

401(k) 98

401(k) Flexible Spending Account Health Savings Account Flexible Spending 98

Patriot Software

AUGUST 30, 2022

Most businesses offer employee benefits in addition to regular wages. Common employee benefits can range from different insurance options to types of retirement plans. Some employees have the option of opening an HSA. What is an HSA? What is an HSA?

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Health Savings Account Retirement Plan Taxes Insurance 87