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3 Tips for Employee Enrollment Solutions After a Merger or Acquisition

Winston Benefits

We recently helped an organization manage benefits communication through a merger by offering licensed benefits counselors who met with 4,500 new employees and 3,600 existing employees. Take a Multi-Channel Approach.

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FSAs, HSAs, HRAs: What employers need to understand

Business Management Daily

You can blame the pandemic — employees are more attuned to health benefits, which means more employees may switch health plans or go into a health plan for the first time next year. You need to know how these accounts differ so you can communicate about them to employees. Health savings accounts.

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FSA eligible expenses — what purchases count?

Business Management Daily

These are generally offered in conjunction with a health savings account (HSA) that will set aside money separately for medical expenses. They may also divide the unused fund among all employees enrolled in the FSA plan. appeared first on Business Management Daily. What Expenses Are Covered By an FSA?

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

Educate employees on how to use these funds for current and future healthcare expenses. Health savings accounts can be a good deal for employees. Employers that have gone the HDHP route typically offer a qualified plan that includes a health savings account to help pay for qualifying medical expenses tax-free.

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HR Professionals… What’s Your Problem?

Benefit Resource Inc.

Overcoming the Challenge Implement an HDHP with Complementary Accounts A growing number of employers have implemented an HDHP as a choice for employees. As a result, more than 55% of Americans were enrolled in HDHPs in 2021, a new record. Employees can use two tax-advantaged accounts to cover many primary eligible expenses.

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HDHPs can cover more preventive services

Business Management Daily

JUST IN TIME FOR OPEN ENROLLMENT: High deductibles are a feature of HDHPs, not a bug. And those dollar amounts may discourage employees from signing on. To temper an HDHP’s bite, they can be paired with health savings accounts. 2020 adjustments for group health plans set. deductibles, co-payments, etc.)

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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. A health reimbursement plan gives employers a way to cover these costs. HRAs may sound like Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs), but there are key differences.