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4 considerations when choosing employee benefits for the first time

WEX Inc.

Exploring HSAs and FSAs HSAs and medical flexible spending accounts (FSAs) let you save money because the funds you contribute to them are pre-tax. It’s a valuable way to provide additional financial support for your loved ones in the event of the unexpected.

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Cafeteria plans for health insurance: Understanding Section 125 benefits

Higginbotham

This gives eligible employees even greater flexibility for how they use their benefits. This gives eligible employees even greater flexibility for how they use their benefits. Plans must also allow participants who are taking unpaid FMLA leave to revoke an election for health plan coverage. Contributions may be subject to limits.

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Ten Tax Planning Tips for 2022

Money Talk

To err on the side of caution in the event of an audit, experts advise keeping tax records for at least six years. ¨ Since there is no longer a non-itemizer’s charitable deduction in 2022 and only about 10% of tax filers itemize, you’ll probably have fewer receipts to save. 401(k), 403(b), and traditional IRA).

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Your 2025 benefits compliance checklist: What you need to know

WEX Inc.

Flexible spending accounts (FSA) Flexible spending accounts (FSAs) offer a valuable tax-advantaged benefit, but the IRS use-or-lose rule can result in forfeited funds if employees dont use their balances by the deadline. Within 14 days of a qualifying event: Issue a Specific Rights Notice outlining COBRA options.

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Pazcare

HR Lineup

In addition to health insurance and retirement savings plans, Pazcare also offers flexible spending accounts (FSAs). Paid holidays are another important benefit, allowing employees to spend time with their families and enjoy important events without worrying about missing work.

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Selerix

HR Lineup

The platform supports a wide range of benefit types, including health insurance, dental and vision coverage, retirement plans, flexible spending accounts, and more. With BENEFITFOCUS, employers can create customized benefits plans that meet the unique needs of their workforce.

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Financial and Lifestyle Insights- Part 3

Money Talk

Life events to consider for “X” can include a job offer, a promotion, unemployment, divorce, widowhood, retirement, an inheritance, and more. Check Your FSA - Learn the rules for your flexible spending account (FSA). Simply fill in the blanks: “If/When [X] happens, then I will do [Y].”