WEX Inc.

SEPTEMBER 4, 2024

HSAs and FSAs as an option Health savings accounts (HSAs) and flexible spending accounts (FSAs) are among the pre-tax accounts you can contribute funds to and save money on healthcare costs. However, your eligibility for either account can be influenced by the health plan you choose.

Deductions 52

Deductions Deductible Flexible Spending Account Healthcare 52

WEX Inc.

JULY 24, 2023

And it’s a solution you might already be offering: the health savings account. These accounts provide another way for your employees to diversify their efforts to prepare for retirement. Employers may establish an HSA program for employees that enroll in an HSA-eligible health plan in the non-group market.”

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

InterWest Insurance Services

OCTOBER 17, 2024

Consider the following: 72% of workers surveyed strongly or somewhat agreed they would take a job with a slightly lower salary for better health care and medical coverage, including lower premiums and out-of-pocket costs. 51% said that high health care costs were having a major or significant impact on their ability to save for retirement.

Out of Pocket Cost 98

Out of Pocket Cost Voluntary Benefits Health Insurance Health Savings Account 98

InterWest Insurance Services

AUGUST 26, 2023

WHEN: Tuesday, October 17, 2023 12:00 PM – 1:00 PM JOIN US: InterWest is a proud sponsor of Summit Employee Benefits Online education. In partnership, we are offering access to the upcoming complimentary webinar. SESSION DETAILS: In honor of October’s HSA awareness month, this month’s webinar will focus on HSAs.

Health Savings Account 40

Health Savings Account Education Employee Benefits Employment 40

BerniePortal

JUNE 23, 2021

Changing life events in the middle of the year usually means changes to your health insurance plan. 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)?

Health Savings Account 64

Health Savings Account Employee Enrollments Health Insurance Deductions 64

Health Consultants Group

OCTOBER 1, 2021

Whether their families battled the virus or not, they have all endured a life-changing event. Accident and Health Benefits . Health Savings Accounts. Flexible Spending Accounts: funded by salary reduction. IRS guidelines restrict certain spending account benefits to maximum annual amounts.

Employee Benefits 86

Employee Benefits Family and Medical Leave Act Flexible Spending Account Health Savings Account 86

WEX Inc.

AUGUST 2, 2023

There are four common types of accounts: Medical FSA, which covers eligible medical, dental and vision expenses. Unlike a medical FSA, a limited FSA can be paired with a health savings account (HSA) and a high-deductible health plan (HDHP). You can enroll in a FSA in many different ways.

Flexible Spending Account 98

Flexible Spending Account Deductions Deductible Health 98

Insperity

JANUARY 27, 2022

You might also want to add non-taxable perks such as time off for volunteering in the community, the occasional theater and sporting event tickets or marathon sponsorships. These offerings can also be very attractive.

Employment 102

Employment Taxes Health Savings Account Benefits Package 102

WEX Inc.

DECEMBER 18, 2024

COBRA notifications COBRA provides employees and their families the option to continue health insurance coverage during qualifying events. Within 14 days of a qualifying event: Issue a Specific Rights Notice outlining COBRA options. 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

WEX Inc.

AUGUST 15, 2023

HSAs and FSAs as an option Health savings accounts (HSAs) and flexible spending accounts (FSAs) are among the pre-tax accounts you can contribute funds to and save money on healthcare costs. However, your eligibility for either account can be influenced by the health plan you choose.

Deductions 98

Deductions Deductible Healthcare Flexible Spending Account 98

Griffin Benefits

NOVEMBER 1, 2022

Together, these combined announcements by the IRS detail 2023 adjusted limits to the amounts employees can tuck away pretax into Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), transportation benefits, and retirement plans such as 401(k)s. HSA & HDHP Limits Increase for 2023.

401(k) 85

401(k) Retirement Plan Health Savings Account Deductions 85

Insperity

AUGUST 25, 2020

This can look like: Using well-known carriers for the health insurance options you sponsor Contributing to a health savings account or flexible spending account for employees Offering an employee assistance program (EAP) Matching a percentage of employee retirement plan contributions. Meaningful work.

Employment 103

Employment PTO Flexible Spending Account Health Savings Account 103

Benefit Resource Inc.

APRIL 8, 2021

Planned/unexpected medical and life events (e.g., Expected costs for the year related to routine healthcare, medical events, vision, dental, and child care expenses. *A A Health Savings Account to save on medical expenses. A Limited Purpose FSA to save on dental and vision expenses.

401(k) 75

401(k) Health Health Savings Account Medical 75

Benefit Resource Inc.

OCTOBER 11, 2018

You cannot change your election outside of Open Enrollment (sometimes referred to as Annual Enrollment) or a Qualifying Life Event. Health Savings Account. A Health Savings Account is the only pre-tax benefit account that offers a triple tax benefit.

Taxes 74

Taxes Health Savings Account Medical Deductions 74

WEX Inc.

JANUARY 4, 2023

COBRA can provide important health insurance security when you’ve experienced job loss or another qualifying event. And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

Business Management Daily

APRIL 29, 2024

Fringe benefits generally cover needs such as: Health and wellness Retirement planning Time off and vacation Financial offerings Work-life balance Company-sponsored fixtures and events Professional development Let’s take a look at what’s included in each category.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

Empuls

AUGUST 27, 2024

Flexible Benefits Allowance : Provide a flexible benefits package where employees can allocate funds to perks that matter most to them, such as gym memberships, childcare, or health insurance upgrades. This fosters inclusivity and respect within the team. Empowering them to lead builds confidence and ownership.

Parental Leave 40

Parental Leave Health Insurance Salary Bonuses 40

WEX Inc.

SEPTEMBER 12, 2023

Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement. Subscribe to our blog to stay updated on all the benefits information!

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

Benefit Resource Inc.

OCTOBER 5, 2023

Health Savings Accounts (HSAs) are a critical tool in the arsenal of employers who are passionate about helping their employees in the arena of healthcare. Host an HSA “Hackathon”: An HSA hackathon is a fun event that can help employees get creative with their HSA funds.

Health Savings Account 52

Health Savings Account Healthcare Deductions Deductible 52

Benefit Resource Inc.

FEBRUARY 9, 2022

After a qualifying event, the COBRA administrator will use provided plan information to determine the premium and eligible benefit amount of each coverage type. While a Health Savings Account (HSA) is not technically covered by COBRA, funds in the HSA are owned and may be used by the individual. 2) Timing Matters.

Family and Medical Leave Act 45

Family and Medical Leave Act Flexible Spending Account Health Savings Account Medical 45

Griffin Benefits

NOVEMBER 11, 2021

Together, these combined announcements by the IRS detail 2022 adjusted limits to the amounts employees can tuck away pretax into Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), transportation benefits, and retirement plans such as 401(k)s. HSA & HDHP Limits Increase for 2022.

401(k) 56

401(k) Retirement Plan Health Savings Account Deductions 56

Empuls

DECEMBER 24, 2024

This includes offering high-deductible health plans combined with Health Savings Accounts (HSAs) to help employees manage costs. For example, Walmart is expanding its health benefits program by enhancing virtual primary care options for employees and their families.

Retirement Plan 40

Retirement Plan Health Insurance Benefits Package Healthcare 40

COMPackage

AUGUST 10, 2023

Health and Wellness Benefits Gym memberships, yoga classes, massage therapy, and corporate challenge athletic events will encourage your employee to live a healthier lifestyle. Health Savings Accounts Health savings accounts (HSAs) are tax-deferred and provide extra benefits that support your health insurance.

401(k) 52

401(k) Health Savings Account Health Insurance PTO 52

Best Money Moves

OCTOBER 22, 2024

Employees can further prepare for unexpected medical expenses and diagnoses by partnering with financial planning services that guide saving for medical emergencies. Encourage employees to set aside income to cover future medical costs through pre-tax income programs such as health savings accounts.

Out of Pocket Cost 52

Out of Pocket Cost Healthcare Health Savings Account Medical 52

WEX Inc.

JUNE 13, 2024

Limited medical FSA: Similar to a medical FSA, but can be paired with high-deductible health plans (HDHPs) and health savings accounts (HSAs) , covering dental and vision expenses. Record keeping : Maintain accurate records to demonstrate compliance in the event of an audit.

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account Taxes 52

Benefit Resource Inc.

APRIL 6, 2023

This year, we celebrate this event amid uncertain times, where the need for good employee benefits has become more critical than ever before. National Employee Benefits Day is celebrated on April 6th. This day is dedicated to recognizing employers’ hard work and dedication that provide valuable benefits to their employees.

Employee Benefits 52

Employee Benefits Health Savings Account Taxes Entertainment 52

Corporate Synergies

DECEMBER 10, 2018

As the cost of medical plans rises, employers are offering high-deductible health plans (HDHPs) and health savings accounts (HSAs) as part of their employee benefit plans. Over 10 years, HDHP enrollment with a health savings account (HSA) increased from 4.2% Before we get to that, consider the data.

Voluntary Benefits 45

Voluntary Benefits Hospitality Health Savings Account Benefit Providers 45

Benefit Resource Inc.

OCTOBER 27, 2021

Becky’s expertise includes nearly two decades of dedication to education, marketing, product development, and the advancement of tax-free benefit accounts. She routinely shares insights and industry expertise through webinars, events, eBooks, and other digital media.

Health Savings Account 40

Health Savings Account Digital Media Banking Human Resources 40

Winston Benefits

SEPTEMBER 29, 2017

Be ready to communicate with employees about your offerings in the event of any late-breaking changes. Health Insurance Is King. If possible, boost communication around voluntary health benefits as well as any savings products such as Health Savings Accounts or Flexible Spending Accounts employees can use to pay for health care.

Health Insurance 45

Health Insurance Flexible Spending Account Health Savings Account Flexible Spending 45

Benefit Resource Inc.

FEBRUARY 18, 2020

Health Savings Accounts are not subject to COBRA, but they play an important role in benefits continuation. Health Savings Accounts tend to get a little trickier. Deposits made year-to-date (prior to qualifying event date). Here is a small illustration to get the idea: FSA Subject to COBRA.

Taxes 40

Taxes Flexible Spending Account Health Savings Account Flexible Spending 40

Benefit Resource Inc.

APRIL 23, 2020

Health Savings Accounts : You can make changes at any time to your HSA. Unfortunately when it comes to a Medical FSA, a qualified event is required to change your election. Unless there is relief provided, the COVID-19 pandemic is not considered a qualifying event. Step 2: Understand what is eligible.

Taxes 40

Taxes Management Health Savings Account Medical 40

Corporate Synergies

FEBRUARY 11, 2019

Preparing for the life-changing event of having a baby can make it even more difficult to make the right decision about employee benefits—I know, because my wife and I welcomed a baby boy last year. The Baby Health Insurance Playbook isn’t really a book. Long-term disability, which may be needed if a doctor orders bed rest.

Health Insurance 47

Health Insurance Insurance Insurance Carriers Out of Pocket Cost 47

Benefit Resource Inc.

DECEMBER 30, 2021

Limits for Health Savings Accounts (HSAs) were released earlier this year. Pre-tax Account Limits for 2022. Health Flexible Spending Account: $2,850 (Up from $2,750 in 2021) Health FSA Rollover: $570 (Up from $550. Health Savings Account Limits for 2022. Up from $270/mo.

Health Savings Account 40

Health Savings Account Deductions Deductible Flexible Spending Account 40

Benefit Resource Inc.

DECEMBER 30, 2020

Will you permit mid-year election changes without a qualifying event? . By permitting mid-year election changes, participants (and eligible employees) may change their elections without a qualifying event. FSA Relief Considerations Q&A. Mid-year Election Change Considerations. Increase or decrease existing elections.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Health Savings Account Utilities 40

Benefit Resource Inc.

DECEMBER 12, 2018

Commuter Benefits and Health Savings Accounts (HSAs)? Your health insurance, FSAs, HRAs and even most voluntary benefits are elected once a year and you are locked in. Psst… We have a secret: There is no “qualifying event” required to make changes to a commuter benefit or HSA election. You decide.

Health Savings Account 40

Health Savings Account Voluntary Benefits Taxes Health Insurance 40

HR Professionals Magazine

MARCH 6, 2023

COBRA – If COBRA applies, participants who experience a qualifying event must be offered continuation coverage when they lose eligibility for the program, which means, among other things, that you must determine the applicable COBRA premium for the program.

Medical 52

Medical IT Health Savings Account Deductions 52

Benefit Resource Inc.

SEPTEMBER 4, 2020

Health Savings Account: Gelato. Specialty Account: Fro-yo. This last option may draw you to the ice cream social event of the year, even if it’s the typical treat you’re used to ordering. You may also enjoy this visual guide on how to get sprinkles the first time you ask.

Taxes 40

Taxes Flexible Spending Account Flexible Spending Health Savings Account 40