Remove Events Remove Health Savings Account Remove Retirement Plan
article thumbnail

4 considerations when choosing employee benefits for the first time

WEX Inc.

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. Assess your ability to cover the deductible before choosing this plan.

article thumbnail

How HSAs can transform retirement planning and your common questions

WEX Inc.

Fortunately, there’s an often overlooked way to help employees build wealth and prepare for retirement. And it’s a solution you might already be offering: the health savings account. Why HSAs for retirement planning? Click below to get your free HSA retirement white paper.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New benefits plan year tips for HR

WEX Inc.

Schedule workshops or webinars to break down complex topics like: Health savings accounts (HSAs) Flexible spending accounts (FSAs) Retirement planning options Emphasize the total rewards picture Highlight how your benefits program fits into your companys total rewards strategy.

article thumbnail

Your 2025 benefits compliance checklist: What you need to know

WEX Inc.

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. Retirement plan compliance (SECURE 2.0 Act updates) The SECURE 2.0

article thumbnail

2023 IRS Limits for HSA, FSA, 401k, HDHP, and More [Comprehensive Guide]

Griffin Benefits

The IRS has finally announced adjustments to 2023 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. 2023 Retirement Plan Limits Increase.

401(k) 85
article thumbnail

Reconsidering your employee benefits priorities

Health Consultants Group

Whether their families battled the virus or not, they have all endured a life-changing event. After a year of unprecedented medical and personal experiences, employees can easily detect holes in their benefits plans. Employees still want traditional options such as retirement plans, educational assistance, and health insurance.

article thumbnail

Eight Key Trends In Staff Benefits Programs In 2025

Empuls

  These benefits range from health insurance to retirement plans, paid time off (PTO), and wellness programs. Some of its key components include: Health insurance: Covers medical expenses. Retirement plans : Helps employees save for the future.