WEX Inc.

OCTOBER 2, 2024

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. Funds you or your employer contribute to your HSA can help with this. Watch the video to hear more from our own Jason Cook about the retirement-planning potential of an HSA.

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Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 98

WEX Inc.

DECEMBER 3, 2024

Medical flexible spending accounts (medical FSAs) are use-or-lose accounts. There are limits as to whether (or how much of) your employees’ FSA funds can be carried over into the next plan year. How well do your employees understand their FSA’s plan rules? If they don’t, they could risk forfeiting funds to the plan.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Taxes 98

InterWest Insurance Services

DECEMBER 5, 2024

Under notice 2024-71, flexible spending arrangements, health reimbursement accounts and health savings accounts will be required to reimburse for the cost of condoms. Oral contraceptives (including emergency contraceptives) and condoms.

Out of Pocket Cost 97

Out of Pocket Cost Health Savings Account Deductions Deductible 97

WEX Inc.

AUGUST 28, 2024

The IRS requires non-discrimination testing for employers who offer plans governed by Section 125 , which includes a flexible spending account (FSA). Testing shows whether or not your tax-advantaged plans are discriminating in favor of highly compensated employees or key employees. What plans require non-discrimination testing?

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Flexible Spending Account Flexible Spending Medical Taxes 95

HR Digest

OCTOBER 4, 2024

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

Money Talk

JUNE 28, 2023

Flexible Spending Account (FSA) Tweak - Like HSAs, you know your health care spending so far. Health Savings Account (HSA) Tweak - By mid-year, you know what you already spent for health care services through June. Use this information to adjust payroll deductions for a health care FSA (up or down).

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Flexible Spending Account Banking Health Savings Account Taxes 242

WEX Inc.

DECEMBER 11, 2024

Fortunately, health savings accounts (HSAs) and flexible spending accounts (FSAs) cover many common winter eligible expenses you might turn to this time of year! For many, winter is as synonymous for snowflakes as it is for sinus problems. Weve compiled a few common seasonal issues and eligible expenses that can help.

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Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

WEX Inc.

DECEMBER 18, 2024

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. Key dates February 28, 2025: Paper filing deadline for 1095-C forms.

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

Money Talk

MAY 18, 2022

Five examples are tax-loss harvesting, Roth IRA conversions, qualified charitable contributions (age 70½ +), setting up a donor advised fund, and increased contributions to a tax-deferred retirement savings plan, health savings account or HSA (if eligible), or flexible spending account or FSA (if available).

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Taxes 401(k) Deductions Deductible 263

WEX Inc.

OCTOBER 17, 2024

One intriguing possibility is that lower drug prices could lead to a shift in how employees use tax-advantaged benefits like HSAs and flexible spending accounts (FSAs). He suggested that bipartisan efforts to address rising drug prices could emerge, which could ultimately benefit both employers and employees by lowering costs.

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

WEX Inc.

JANUARY 2, 2025

5 common FSA terms you should know Boost your understanding of flexible spending accounts (FSAs) by mastering these 5 common terms. Learn about the eligibility requirements, significant savings opportunities, and quick reimbursement features of dependent care FSAs in our latest blog post and podcast episode.

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Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

HR Lineup

MAY 10, 2024

Enhance Employee Benefits and Perks Review and Update Benefits Packages: Regularly assess employee benefits to ensure they align with the evolving needs and preferences of the workforce, considering options such as wellness programs , mental health resources, and flexible spending accounts.

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Benefits Package Flexible Spending Account Employee Retention Flexible Spending 246

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.

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Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 105

HR Lineup

MAY 9, 2023

In addition to health insurance and retirement savings plans, Pazcare also offers flexible spending accounts (FSAs). Pazcare also offers a matching program, where the company matches a portion of the employee’s contribution to their 401(k) plan, which helps employees save even more money for their retirement.

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401(k) Flexible Spending Account Health Insurance PTO 130

McDermott Will & Emery Employee Benefits

JUNE 1, 2023

The Internal Revenue Service (IRS) recently issued a Chief Counsel Advice memorandum to remind sponsors of health and dependent care flexible spending arrangements (FSAs) about their responsibility to adequately substantiate claims in order to receive favorable tax treatment under Section 125 of the Internal Revenue Code (the Code).

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Flexible Spending Taxes Employee Benefits Health and Welfare 98

McDermott Will & Emery Employee Benefits

OCTOBER 19, 2022

The maximum salary reduction limit for a health flexible spending account (Health FSA) increased to $3,050 for 2023 (from $2,850 in 2022), and the Health FSA carryover […]. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

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Health and Welfare Flexible Spending Account Flexible Spending Salary 98

Benefit Resource Inc.

NOVEMBER 7, 2022

For a long time, I believed you were either for Health Savings Accounts (HSAs) or you were for Flexible Spending Accounts (FSAs), but you couldn’t be for both. The very nature of HSAs prevented you from also participating in a General Medical FSA.

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Flexible Spending Account Health Savings Account Flexible Spending Medical 98

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. And just because you have an entire plan year ahead doesnt mean you should wait until November or December to put time and energy into your employee benefits.

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

PeopleKeep

AUGUST 4, 2021

These codes are a quick way for you to see which items on your receipt can be paid for through your health savings account (HSA), your flexible spending account (FSA), or are eligible for reimbursement through your health reimbursement arrangement (HRA).

Medical 98

Medical Flexible Spending Account Health Savings Account Flexible Spending 98

Money Talk

AUGUST 3, 2022

They include 529 college savings plans, flexible spending accounts (FSAs), tax-deferred annuities, and health savings accounts (HSAs) for people with high-deductible health insurance plans. Bottom Line: tax-efficient investment strategies allow investors to retain more of their investment earnings.

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Taxes 401(k) Flexible Spending Account Deductions 189

PeopleKeep

MAY 20, 2021

Plans like health reimbursement arrangements (HRAs), health savings accounts (HSAs), and flexible spending accounts (FSAs) are all ABHPs that are growing in popularity. In fact, Willis Towers Watson’s Best Practices in Health Care survey reports 84% of employers offered an ABHP in 2019.

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Flexible Spending Account Health Savings Account Flexible Spending Healthcare 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. Maybe you didn’t realize there is more than one type of FSA to choose from.

Medical 98

Medical Flexible Spending Account Flexible Spending Deductions 98

PeopleKeep

AUGUST 16, 2021

From choosing your own individual health insurance plan to spending your HRA dollars on the qualifying out-of-pocket medical expenses that make sense for you, an HRA gives you the freedom to choose. When making your decision, there are important regulations to keep in mind to make sure you’re coordinating the two health plans appropriately.

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Flexible Spending Account Flexible Spending Health Insurance Healthcare 98

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)? If you’re a first-time medical FSA participant, you may not be familiar with FSA definitions and rules.

Medical 98

Medical Flexible Spending Account Flexible Spending Taxes 98

Money Talk

JANUARY 19, 2022

Check Your FSA - Learn the rules for your flexible spending account (FSA). When you feel “imposter syndrome” at work or that nobody cares about your paid or volunteer efforts, pull these items out and read them. These plans allow workers to contribute pre-tax income annually for out-of-pocket medical expenses and child/elder care.

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Flexible Spending Account Taxes Pension Deductions 187

WEX Inc.

OCTOBER 4, 2023

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Flexible spending account An FSA is an employer-owned account that you use to set aside funds for qualified expenses. Health savings account funds can be invested for potential growth of your HSA funds.

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

WEX Inc.

SEPTEMBER 18, 2024

For example, a medical flexible spending account (FSA) is governed by the IRS’ use-or-lose rule , so it’s important that you choose the right contribution amount each year or risk losing money at the end of the plan year. The “daily grind” can often get in the way of the big picture, but don’t let it!

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

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.

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Flexible Spending Account Health Savings Account Flexible Spending Employment 98

WEX Inc.

JANUARY 8, 2021

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. New bill offers new options to employers, improving benefits of FSA.

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Flexible Spending Account Flexible Spending Employment Medical 98

Benefit Resource Inc.

MAY 11, 2021

We think it’s pretty obvious, but we LOVE Flexible Spending Accounts (FSAs). With roughly 160 Flexible Spending Account (FSA)-related blogs on our site concentrating on eligibility, spending options, plan strategy, savings, and more…we cover it all! Day camps can include anything from sports camps to STEM camps.

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

HR Lineup

MAY 11, 2023

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

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Flexible Spending Account Health Savings Account Benefits Package Flexible Spending 130

WEX Inc.

JANUARY 14, 2025

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.

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Flexible Spending Account Health Savings Account Flexible Spending Retirement Plan 52

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. Last year, I wrote a blog post about mid-year financial check-up s for the OneOp Personal Finance team.

401(k) 189

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

InterWest Insurance Services

MARCH 22, 2022

Flexible spending account. Call us for more information on how you can set up a flexible benefit plan for your staff. There are several types of flexible benefit plans, including cafeteria plans and flexible spending accounts. Flexible spending accounts.

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Flexible Spending Account 401(k) Flexible Spending Deductions 96

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. This platform enables HR departments to automate enrollment, eligibility tracking, compliance, and reporting, resulting in increased efficiency and reduced administrative burdens.

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Flexible Spending Account Flexible Spending Retirement Plan Health Insurance 130

HR Lineup

FEBRUARY 9, 2023

The platform also offers a flexible spending account (FSA) option, allowing employees to set aside pre-tax dollars for eligible medical and dependent care expenses. With GoCo, employees have access to a comprehensive benefits marketplace where they can compare plans and select the best options for their individual needs.

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BerniePortal

SEPTEMBER 15, 2021

This is typically paid out via a Flexible Spending Account (FSA). Dependent care refers to a benefit which offers support for those employees who need help paying for their dependents. A dependent is an individual for whom a parent, relative, or other person provides care.

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Flexible Spending Account Flexible Spending IT Taxes 97