Benefit Resource Inc.

JUNE 1, 2023

One of the “mountains” you may be facing is combating rising healthcare costs. The Challenge Rising healthcare costs are one of the main concerns for Americans. By offering an HSA with a Limited FSA, you help reduce healthcare costs. It can be a “one step forward, two steps back” battle.

Flexible Spending Account 52

Flexible Spending Account Healthcare Health Savings Account Deductions 52

Flimp Communications

SEPTEMBER 26, 2019

As technology continues to transform open enrollment, employees need a different kind of help when searching for the best healthcare choices for them and their families. Happy employees enrolled in optimal benefits packages save money and boost engagement. From Onboarding to Benefits Training.

Benefits Package 65

Benefits Package Education Employee Enrollments Technology 65

BerniePortal

JUNE 23, 2021

If an employee enrolls in a high-deductible health plan (HDHP) mid-year, how does that affect the amount they can contribute to their health savings account (HSA)? Changing life events in the middle of the year usually means changes to your health insurance plan.

Health Savings Account 64

Health Savings Account Employee Enrollments Health Insurance Deductions 64

WEX Inc.

JULY 20, 2023

More dental and vision Among employers with benefits administration through WEX , 68% of eligible employees enrolled in vision and 77% of eligible employees enrolled in dental. However, not all employees are offered these benefits. Those who are offered them told us they don’t always cover enough of their costs.

Deductible 75

Deductible Deductions Flexible Spending Account Health Savings Account 75

Business Management Daily

NOVEMBER 30, 2021

Alternatively, employees can fill out claim forms with supporting documentation to request reimbursement if they paid with their own credit card, debit card, or bank account. Reimbursement for FSA expenses from an employee’s personal accounts is typically provided through direct deposit. Healthcare FSA receipt requirements.

Retail 52

Retail Healthcare Medical Flexible Spending Account 52

InterWest Insurance Services

MARCH 28, 2024

One such employee enrolled in one of your group health insurance plans can result in massive costs that overshadow those of the rest of your workforce if you are a small or mid-sized employer.

Employment 98

Employment Pharmaceutical Health Insurance Medical 98

Corporate Synergies

AUGUST 6, 2018

Educate employees on how to use these funds for current and future healthcare expenses. Health savings accounts can be a good deal for employees. 5 Instead, employees should consider contributing the maximum to their HSA and use the funds for current and future healthcare expenses. As Seen In. in 2011 to 39.3%

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

PeopleStrategy

JULY 26, 2017

In addition to improving weak spots of past enrollments, identify any specific benchmarks you would like to reach, such as boosting the number of employees enrolled in dental plans by X amount. Healthcare legislation is one of the most turbulent elements of our society. Step #4: Remain Current.

Employee Enrollments 40

Employee Enrollments Healthcare Technology Human Resources 40

HR Digest

APRIL 2, 2024

A Health Spending Account (HSA) might be a more familiar concept to you—a workplace benefit account that helps you out with healthcare expenses by drawing from reserves that build up over time. These accounts help cover a variety of medical costs, copayments, medications, and other medical expenses that occur in an employee’s life.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Medical Flexible Spending 52

Corporate Synergies

JULY 8, 2019

For example, if your employees enroll in benefits on paper and you manually enter elections, moving to a tech platform will save time. The Potential Regulatory Minefields of Managing Employee Leave. Benefits Advocate: The Secret to Healthcare Literacy and Cost Control. RELATED TOPICS.

Technology 44

Technology Retirement Plan Employee Enrollments Software 44

Flimp Communications

OCTOBER 30, 2024

Their tax advantages and investment potential can help employees reduce healthcare costs, save for retirement, and maximize tax refunds. And yet, that’s not how most employees understand them — if they understand them at all. Less encouraging are the facts that: Only a tiny percentage contribute the maximum allowed.

Deductions 52

Deductions Deductible Taxes Flexible Spending Account 52

HR Professionals Magazine

MAY 4, 2023

A 2022 Harris poll found that 72% of employees said “they wish someone would tell them what the best health insurance for their unique situation is.” Be mindful that not all decision support tools are created equal.

Technology 52

Technology Utilities Payroll Deductions 52

Higginbotham

SEPTEMBER 16, 2024

By opting for a higher deductible, employees can secure lower monthly premiums. Let’s say an employee enrolls in a high-deductible health plan providing self-only coverage with an annual deductible of $2,000. Should you offer a high-deductible health plan to employees?

Deductible 52

Deductible Deductions Health Savings Account Health Insurance 52