WEX Inc.

SEPTEMBER 26, 2024

If you’re an employer, is your in-house benefits administration team struggling to juggle the multitude of complexities behind running a successful benefits administration program? Luckily for you, we’re sharing our insights on the top four questions employers ask when considering outsourcing benefits administration.

Employment 52

Employment Flexible Spending Account Flexible Spending Education 52

WEX Inc.

DECEMBER 3, 2024

Medical flexible spending accounts (medical FSAs) are use-or-lose accounts. Administering your own FSA can be time-consuming, so many employers turn to third-party administrators (TPAs). There are limits as to whether (or how much of) your employees’ FSA funds can be carried over into the next plan year.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Taxes 98

HR Digest

OCTOBER 4, 2024

These roles are often treated as temporary sources of employment and largely insufficient to sustain a family. Along with Hobby Lobby’s current wage hike, the shopping chain also provides other fiscal and medical benefits like a medical and dental plan, 401(k) with generous company match, a flexible spending plan, life insurance, etc.

401(k) 96

401(k) Retail Flexible Spending Life Insurance 96

WEX Inc.

OCTOBER 17, 2024

With political campaigns often influencing policy proposals from healthcare to retirement plans, this episode dives into what employers and professionals can expect and how they can prepare for potential changes. The ACA in particular, introduced a fundamental change to the rules governing how employers offer health insurance.

Employee Benefits 59

Employee Benefits Flexible Spending Account Health Savings Account Out of Pocket Cost 59

WEX Inc.

DECEMBER 18, 2024

ACA reporting deadlines The Affordable Care Act (ACA) mandates that employers file reports annually with the IRS and distribute 1095-C forms to employees. Employers must communicate these deadlines clearly to employees. Employers are responsible for issuing timely notices to comply with the law.

Family and Medical Leave Act 52

Family and Medical Leave Act Flexible Spending Account Flexible Spending Insurance Carriers 52

InterWest Insurance Services

OCTOBER 27, 2022

The plans benefit employers, as well. Since the pre-tax benefits aren’t subject to federal social security withholding taxes, employers don’t have to pay FICA or workers’ comp premiums on those payments. A cafeteria plan can save employers an average of almost $115 per participant in FICA payroll taxes.

Flexible Spending Account 97

Flexible Spending Account Employment Flexible Spending Deductions 97

Money Talk

MAY 18, 2022

Ramp Up Retirement Savings - Consider increasing retirement savings in a tax-deferred employer retirement savings plan (e.g., Plan for IRMAA- Older adults on Medicare should project their 2022 income as best they can, although it is difficult to know now what taxable mutual fund distributions or self-employment earnings might be.

Taxes 263

Taxes 401(k) Deductions Deductible 263

WEX Inc.

JANUARY 8, 2021

New bill offers new options to employers, improving benefits of FSA. Many employees took advantage of health and dependent care flexible spending accounts (FSAs) in 2020, only to see those funds languish unused as day cares closed and routine medical visits were put off to protect family members.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Employment Medical 98

WEX Inc.

JANUARY 2, 2025

The ACA code cheat sheet you need To simplify how employers communicate medical benefit details under the Affordable Care Act (ACA), the IRS introduced two specific ACA codes. 5 common FSA terms you should know Boost your understanding of flexible spending accounts (FSAs) by mastering these 5 common terms.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

HR Lineup

MAY 10, 2024

In this article, we delve into the top strategies for reducing employee turnover in 2024, offering insights and actionable steps for employers to enhance retention efforts. As companies strive to retain top talent and foster a stable workforce environment, implementing effective strategies becomes imperative.

Benefits Package 246

Benefits Package Flexible Spending Account Employee Retention Flexible Spending 246

WEX Inc.

MARCH 20, 2023

If you’re an employer, is your in-house benefits administration team struggling to juggle the multitude of complexities behind running a successful benefits administration program? Luckily for you, we’re sharing our insights on the top four questions employers ask when considering outsourcing benefits administration.

Employment 98

Employment Flexible Spending Account Flexible Spending Education 98

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.

Health and Welfare 105

Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 105

HR Lineup

MAY 9, 2023

Pazcare is dedicated to providing not only the best medical services to its clients but also to offering an exceptional employment package to its employees. In addition to health insurance and retirement savings plans, Pazcare also offers flexible spending accounts (FSAs).

401(k) 130

401(k) Flexible Spending Account Health Insurance PTO 130

Insperity

AUGUST 25, 2020

What can you do to stand out during unpredictable times and show that you’re an employer of choice – and will continue to be one, come what may? What’s an employer of choice? When you’re an employer of choice, you’re an organization that people have a strong desire to work for. What being an employer of choice looks like.

Employment 103

Employment PTO Flexible Spending Account Health Savings Account 103

Money Talk

JUNE 29, 2022

In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexible spending accounts, financial goal progress, and investment portfolio status. This is a great time to increase emergency savings or automatic deposits into an employer retirement savings plan (e.g., 401(k) or 403(b) plan).

401(k) 189

401(k) Out of Pocket Cost Finance Flexible Spending Account 189

WEX Inc.

SEPTEMBER 18, 2024

Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. This is your best opportunity to discuss available plans with your employer and learn what has changed from the previous year. Engage in opportunities to learn more about available plans.

401(k) 52

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

PeopleKeep

MAY 20, 2021

As healthcare costs continue to rise , small employers need a way to offer their employees a competitive health benefit to compete with larger organizations while still managing a limited budget. In fact, Willis Towers Watson’s Best Practices in Health Care survey reports 84% of employers offered an ABHP in 2019.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Healthcare 98

Business Management Daily

SEPTEMBER 22, 2021

Some employers start as early as September. Most employees elect coverage through their employer, but some may be eligible for marketplace coverage as well. Most employers have an open enrollment period of at least 2 to 4 weeks. The post Open enrollment checklist for employers appeared first on Business Management Daily.

Employment 90

Employment Benefit Providers Deductions Deductible 90

PeopleKeep

AUGUST 16, 2021

If your employer offers a health reimbursement arrangement (HRA), then you have access to a unique health benefit that empowers you to make your own healthcare choices in ways a traditional group health insurance plan doesn’t.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Health Insurance Healthcare 98

HR Lineup

MAY 11, 2023

Employers can choose from a range of pre-tax benefits, including health insurance, dental insurance, vision insurance, and other types of benefits. PeopleKeep also provides flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and health savings accounts (HSAs) to help employees save money on healthcare expenses.

Flexible Spending Account 130

Flexible Spending Account Health Savings Account Benefits Package Flexible Spending 130

WEX Inc.

JANUARY 8, 2025

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. Or watch our Benefits podcast to learn how employers can support employees while starting off the benefits plan year!

Flexible Spending Account 52

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

HR Lineup

JUNE 15, 2023

Designed to meet the needs of both employers and employees, Benefit Elect provides a user-friendly interface and a variety of tools to enhance the benefits enrollment and administration process. With its intuitive and easy-to-use platform, employers can efficiently manage their benefits packages, saving time and effort.

Flexible Spending Account 130

Flexible Spending Account Benefits Package Flexible Spending Retirement Plan 130

HR Lineup

JUNE 14, 2023

With a mission to simplify the complexities of benefits enrollment and management, Empyrean offers innovative solutions that streamline the process for employers and empower employees to make informed decisions about their benefits. Employers and employees can have peace of mind knowing that their personal and financial data is safeguarded.

Flexible Spending Account 130

Flexible Spending Account Flexible Spending Retirement Plan Health Insurance 130

HR Lineup

JUNE 9, 2023

The company offers a range of financial security benefits, such as life insurance, disability coverage, and flexible spending accounts, which help employees safeguard against unexpected events and manage their finances effectively. The post PES Benefits appeared first on HR Lineup.

Retirement Plan 130

Retirement Plan Flexible Spending Account Flexible Spending Life Insurance 130

HR Lineup

JUNE 9, 2023

This means that employers can easily manage various benefit plans, such as health insurance, retirement savings, flexible spending accounts, and more, all in one place. Benefitfirst also offers robust reporting and analytics capabilities, allowing employers to gain valuable insights into their benefits programs.

Flexible Spending Account 130

Flexible Spending Account Flexible Spending Utilities Health Insurance 130

HR Lineup

JUNE 9, 2023

This platform provides a robust set of tools and features that enable employers to manage all aspects of their employee benefits programs in one centralized location. With BENEFITFOCUS, employers can create customized benefits plans that meet the unique needs of their workforce.

Flexible Spending Account 130

Flexible Spending Account Flexible Spending Retirement Plan Health Insurance 130

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. Your employer owns your FSA.

401(k) 98

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

Benefit Resource Inc.

NOVEMBER 8, 2023

If you’re wondering what the difference is between a Medical Flexible Spending Account (Medical FSA) and a Dependent Care Flexible Spending Account (DC FSA), you are not alone. If your employer offers both plans during your benefits enrollment, you’ll want to be familiar with what each plan covers.

Medical 98

Medical Flexible Spending Account Flexible Spending Deductions 98

HR Lineup

JUNE 9, 2023

Through the platform, employers can offer a wide range of benefits, including health insurance, retirement plans, flexible spending accounts, and more. In addition to benefits administration, Businessolver recognizes the importance of employee engagement and wellbeing.

Flexible Spending Account 130

Flexible Spending Account Flexible Spending Retirement Plan Health Insurance 130

WEX Inc.

FEBRUARY 15, 2023

Did you recently elect to participate in a medical flexible spending account (FSA) ? What is a medical flexible spending account (FSA)? They are employer-owned accounts. How a medical FSA works After you’ve enrolled in a medical FSA through your employer, you then chose how much to contribute to your FSA.

Medical 98

Medical Flexible Spending Account Flexible Spending Taxes 98

PeopleKeep

FEBRUARY 8, 2023

Many employers are familiar with account-based benefits like health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs). But some may not be as familiar with lifestyle spending accounts (LSAs), which are a relatively new benefit type.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Employment 98

WEX Inc.

OCTOBER 15, 2024

Today, to commemorate National Health Savings Account Awareness Day (HSA Day) celebrated annually on October 15, WEX is highlighting available resources to help employers and employees better understand the impressive value of HSAs for both wellbeing and wallets. Employers’ contributions to employees’ HSAs are tax deductible.

401(k) 52

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

InterWest Insurance Services

MARCH 22, 2022

Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis. Flexible spending account. Section 125 plans offer a number of tax-saving benefits for employers. Flexible spending accounts.

Flexible Spending Account 96

Flexible Spending Account 401(k) Flexible Spending Deductions 96

Benefit Resource Inc.

MAY 11, 2021

We think it’s pretty obvious, but we LOVE Flexible Spending Accounts (FSAs). Whether you’re an employer or a plan participant, we have the resources you need to succeed. Throughout the year we deliberately write about helping employees understand the plans that their employers have selected for them. March 15th.

Flexible Spending Account 81

Flexible Spending Account Family and Medical Leave Act Flexible Spending Retail 81

WEX Inc.

MAY 4, 2023

The IRS requires your flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. Because of an FSA’s tax advantages, the IRS requires employers and employees to prove that FSA funds are only being spent on eligible expenses. Why is substantiation required?

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Taxes Medical 98

Benefit Resource Inc.

DECEMBER 2, 2021

A Dependent Care Flexible Spending Account (often shortened to ‘Dependent Care FSA’) is a pre-tax benefit account used to pay for eligible services such as preschool, summer day camp, before/after school programs, and child or adult daycare. 2022 Changes to Dependent Care. Who is Eligible? How Do I Enroll?

Flexible Spending Account 105

Flexible Spending Account Flexible Spending Taxes Employment 105

HR Lineup

JULY 10, 2023

It simplifies the enrollment and management of employee benefits programs, such as health insurance, retirement plans, and flexible spending accounts. Additionally, Proliant’s HCM platform includes comprehensive benefits administration capabilities. Proliant takes pride in its dedication to customer service and support.

Flexible Spending Account 130

Flexible Spending Account Payroll Flexible Spending Retirement Plan 130