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GoCo

HR Lineup

The platform streamlines HR processes and benefits administration by offering a single, centralized platform for employees to access and manage their benefits, from health insurance and retirement plans to time-off tracking and more. One of the key benefits of GoCo is its ease of use.

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FSA eligible expenses — what purchases count?

Business Management Daily

Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. appeared first on Business Management Daily.

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FSAs, HSAs, HRAs: What employers need to understand

Business Management Daily

Almost all health plans offer add-on accounts — health flexible spending accounts, health savings accounts, or health reimbursement accounts. You need to know how these accounts differ so you can communicate about them to employees. Health flexible spending accounts. Here are the basics.

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HR Professionals… What’s Your Problem?

Benefit Resource Inc.

An additional tool can be pairing an HSA-HDHP with a Limited Flexible Spending Account (or Limited FSA). Employees can use two tax-advantaged accounts to cover many primary eligible expenses. Employees can use two tax-advantaged accounts to cover many primary eligible expenses. You also still receive a tax write off.

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Executive benefit reimbursement plans

Higginbotham

If an employee or a member of the employee’s family experiences a medical emergency, the costs can add up quickly. HRAs may sound like Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs), but there are key differences. Manage enrollment. Comparing HRAs, HSAs and FSAs.

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FSA receipt requirements: What you need to document

Business Management Daily

Flexible spending accounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses. The post FSA receipt requirements: What you need to document appeared first on Business Management Daily.

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HDHPs can cover more preventive services

Business Management Daily

And those dollar amounts may discourage employees from signing on. Advantage: Employees can contribute more on a pretax basis than they can put into flexible spending accounts. Employees with HDHPs more engaged in their care. To temper an HDHP’s bite, they can be paired with health savings accounts.