Basics of Tax-Efficient Investing
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.
Flexible Spending Account Health Insurance Health Savings Account 
What happens to employee benefits plans when you elect COBRA?
WEX Inc.
JANUARY 6, 2025
COBRA can provide important health insurance security when youve 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. You dont have any disqualifying coverage (such as an FSA).
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4 HR Priorities for 2025 to Supercharge Your Employee Experience
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
Trending Sources
Little-Known Things to Consider When Shopping for Group Health Insurance
Insperity
MAY 13, 2015
If you’re shopping for group health insurance for your company the first or second time around, it can be hard to make a confident choice. Not to mention, the Affordable Care Act (ACA) has changed the group health insurance market considerably. Health Savings Accounts.
Learn the dos and don’ts of open enrollment
WEX Inc.
SEPTEMBER 14, 2023
When approaching open enrollment, do … Evaluate available health insurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. The “daily grind” can often get in the way of the big picture, but don’t let it!
401(k) 
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What to know about medical reimbursement plans
PeopleKeep
APRIL 30, 2020
There are a few different types of medical reimbursement plans including: Health Reimbursement Arrangements (HRAs), Healthcare Reimbursement Plans (HRPs), Health Savings Accounts (HSAs), and Health Flexible Spending Accounts (FSAs). Flexible Spending Accounts (FSAs).
Medical 72
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Top 10 Employee Benefits Certifications for Professionals in 2024
HR Lineup
OCTOBER 21, 2024
Health Insurance Associate (HIA) The Health Insurance Associate (HIA) certification is offered by America’s Health Insurance Plans (AHIP). It focuses on the fundamentals of health insurance, making it highly relevant for benefits professionals responsible for health and wellness programs.
401(k) 65
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How HRAs Can Help Your Employees Pay for Medical Expenses
InterWest Insurance Services
MARCH 4, 2022
As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Fortunately, there is another option: a health reimbursement arrangement (HRA). Qualified medical expenses. How HRAs work.
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Reconsidering your employee benefits priorities
Health Consultants Group
OCTOBER 1, 2021
Flexible work options. Employees still want traditional options such as retirement plans, educational assistance, and health insurance. Accident and Health Benefits . Group-term life insurance . Health Savings Accounts. Flexible Spending Accounts: funded by salary reduction.
Gen Z Workers Go for HDHPs, but Don’t Forget Your Other Employees
InterWest Insurance Services
JULY 4, 2024
Study findings The trend of more Gen Z workers gravitating to HDHPs makes sense, since these plans are best suited for younger individuals who are generally healthier and have fewer health problems than their older counterparts — Gen Xers and Baby Boomers. Generation X has the highest premiums compared to other generations, across all plans.
7 considerations when choosing a health plan for the first time
WEX Inc.
AUGUST 15, 2023
Whether you're transitioning from your parents' insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. For starters, let’s look at a few considerations when evaluating health plans for the first time.
Deductible 98
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How to offer health insurance as a small business
Higginbotham
JANUARY 27, 2023
Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile. ALEs are subject to certain health care reporting requirements. However, many small employers decide to offer health insurance anyway.
What does coinsurance mean in health insurance?
Higginbotham
FEBRUARY 21, 2023
You’re reading your health insurance policy and come across a coinsurance clause. Here’s what you need to know about this common insurance term. It is used in different types of insurance policies, including health insurance and property insurance, but it works a little differently depending on the type of insurance.
Importance of Educating Gen Z Workers on Benefits
InterWest Insurance Services
JULY 20, 2022
To help these new recruits get the most out of the benefits you offer, you can start by focusing on the following: School them on health insurance. To many new Gen Z recruits, signing up for health insurance and actually using their benefits is a foreign concept.
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New HSA, FSA, 401(k) Contribution Levels Set
InterWest Insurance Services
NOVEMBER 25, 2022
The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts.
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FSA eligible expenses — what purchases count?
Business Management Daily
NOVEMBER 15, 2021
Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. These funds are placed in an FSA account that employees can use to pay for eligible expenses. Health insurance premiums including COBRA premiums. Types of FSA Plans.
16+ types of employee benefits you should consider
Genesis HR Solutions
SEPTEMBER 22, 2020
Vision insurance is designed to help your employees cover and budget for ongoing vision care expenses like routine eye exams, prescription glasses, and contact lenses. Flexible Spending Account (FSA). Health Savings Account (HSA). Hospital Insurance. Life Insurance. UHC.com ).
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Top 10 Employee Benefits for 2021
Best Money Moves
JULY 8, 2020
3 Health Insurance Benefits. Employers who don’t offer health insurance might want to reconsider and employers who do should audit their healthcare offerings to determine the out of pocket costs of deductibles, prescriptions, copays and then work with benefits brokers to provide better coverage. . 4 Paid Time Off.
Open Enrollment Prep: Identify Workers’ Needs, Consider Costs to Plan Benefits
InterWest Insurance Services
NOVEMBER 11, 2024
It’s almost time for year-end small group open enrollment and you need to drive engagement so that your employees can make informed decisions about their health insurance options. We want to help you help your employees understand all of their options so that they can purchase a plan that is appropriate for their situation.
Little-Known Things to Consider When Shopping for Group Health Insurance
Insperity
MAY 13, 2015
If you’re shopping for group health insurance for your company the first or second time around, it can be hard to make a confident choice. Not to mention, the Affordable Care Act (ACA) has changed the group health insurance market considerably. Health Savings Accounts. High-deductible health plans.
Maximizing Health Savings and Financial Flexibility through a Well-Designed Benefits Package
Benefit Resource Inc.
JANUARY 16, 2024
Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are two of the most effective instruments for optimizing health savings and financial flexibility for both employers and employees among the different components of a comprehensive benefits strategy.
Baby Health Insurance Playbook: 5 Steps to Plan for a Newborn
Corporate Synergies
FEBRUARY 11, 2019
A new father outlines requirements with his Baby Health Insurance Playbook. The same can be said for insuring a new dependent. To plan for newborn healthcare benefits, parents need a baby health insurance playbook. The Baby Health Insurance Playbook isn’t really a book. As Seen In.
How to be an employer of choice – even in uncertain times
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.
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Learn the dos and don’ts of open enrollment
WEX Inc.
SEPTEMBER 18, 2024
When approaching open enrollment, do … Evaluate available health insurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. The “daily grind” can often get in the way of the big picture, but don’t let it!
401(k) 52
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Helping Employees Get Smarter About Money
Best Money Moves
MAY 9, 2018
Flexible spending accounts (FSA) and health savings accounts (HSA) help employees prepare and pay for healthcare expenses. Self-Funded Health Insurance. Smaller employers are reducing costs, gaining plan flexibility, and keeping employees happy by self-funding health insurance.
What happens to employee benefits plans when you elect COBRA?
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. You don’t have any disqualifying coverage (such as an FSA).
Eenie meenie miney mo – Which account should I choose?
Benefit Resource Inc.
OCTOBER 16, 2018
The specific account options you have will vary based on plans offered by your employer. Several of the most common accounts are listed here. A Medical Flexible Spending Account (Medical FSA) allows you to use tax-free money to pay for your family’s medical expenses. Health Savings Account.
Beyond health insurance: Innovative employee benefits that attract and retain talent
Higginbotham
OCTOBER 5, 2023
In today’s increasingly competitive job market, offering a basic health insurance package is no longer enough to attract and retain top talent. The Evolution of Employee Benefits Employee benefits have come a long way since the days of basic health insurance coverage with a savings retirement plan thrown in.
What is a High-Deductible Health Plan (HDHP)?
Higginbotham
SEPTEMBER 16, 2024
Are you offering your employees health insurance options that work for their budgets? While not ideal for everyone, a high-deductible health plan can be very appealing to some workers, especially when it’s paired with a health savings account. However, they cannot typically be used to cover premiums.
Deductions 52
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Considerations when choosing a health plan for the first time
WEX Inc.
SEPTEMBER 4, 2024
Whether you’re transitioning from your parents’ insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. For starters, let’s look at a few considerations when evaluating health plans for the first time.
Deductible 52
52 
PeopleKeep
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. The PeopleKeep platform offers customizable benefits solutions for businesses of all sizes. One of the key features of PeopleKeep is its ease of use.
31 HR Acronyms Explained
Genesis HR Solutions
MAY 2, 2023
This cheat sheet explains several common human resource acronyms. 1099: A form that reports income from self employment earnings, interest and dividends, government payments, and more. TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. (
USI Employee Benefits
HR Lineup
FEBRUARY 13, 2023
USI’s benefits offerings include a comprehensive suite of health insurance options, including medical, dental, and vision insurance. The company also offers flexible spending accounts (FSAs) and health savings accounts (HSAs) to help employees save money on healthcare costs.
Open enrollment checklist for employers
Business Management Daily
SEPTEMBER 22, 2021
Employees get to select a new plan for their health insurance and opt into other employee benefits for the next year. This is generally the only time health coverage changes are allowed aside from onboarding or family changes (such as marriage, divorce, or the birth of a child). It’s almost that time of year again!
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The benefits of an HSA account
Higginbotham
NOVEMBER 28, 2022
Employers and employees alike are looking for ways to make health care more affordable. Some are turning to Health Savings Accounts (HSAs). Although HSAs won’t work for everyone, the benefits of an HSA account make this an appealing option for some individuals. What is a Health Savings Account (HSA)?
Your 2025 benefits compliance checklist: What you need to know
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.
HRA vs HSA vs FSA – Understanding the difference and selecting the best options
Higginbotham
JANUARY 12, 2024
Health Savings Account A Health Savings Account (HSA) is a type of employee-owned account that is designed to work with high-deductible health insurance plans. Employers can then use the ICHRA allowance to purchase health insurance and pay health insurance premiums.
Redefining jargon: What these 9 confusing pre-tax terms really mean
Benefit Resource Inc.
MARCH 12, 2019
When employees sign up for benefits like health insurance and pre-tax benefits. Generally, it is regarded as the dollar amount that is selected to be set aside in your account(s) during the year. Each account you open requires you to “set” a new election. There are a few ways to define this.
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5 Reasons to Give Thanks for Employee Benefits This Thanksgiving
Benefit Resource Inc.
NOVEMBER 22, 2022
There are several different types of pre-tax benefits that you may be eligible for, including Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), and Commuter Benefits. Each type of benefit can help you save money in different ways. Give Thanks for Great Benefits.
Don’t Let Rising Health Care Costs Sink Your Business
Insperity
APRIL 4, 2012
The central question of the case examines the individual mandate, which is set to go into effect in 2014 and will require most Americans to buy health insurance or pay a penalty. Employers and employees contribute to these accounts using pre-tax dollars. Purchase health care directly from the health insurance company.
Employee benefits for small businesses
Higginbotham
OCTOBER 14, 2022
Health Insurance for Small Business. Under the ACA, small employers with fewer than 50 full-time equivalent employees are not required to offer health insurance or subject to the employer shared responsibility provisions. However, many small business owners offer health insurance coverage anyway.
What employees expect from benefits packages
Business Management Daily
SEPTEMBER 15, 2021
Someone definitely could view an employee benefits package that lacks health insurance or paid sick days as a reason to not accept an offer of employment. To aid in the decision-making process, though, here’s a closer look at various types of employee benefits : Health insurance. Health Savings Accounts.
November HR News Worth Review
Higginbotham
NOVEMBER 2, 2022
The following commonly offered employee benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs); Health flexible spending accounts (FSAs); 401(k) plans; and. Transportation fringe benefit plans.
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Executive benefit reimbursement plans
Higginbotham
JULY 12, 2022
This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. Integrated health reimbursement arrangements are designed to work with the group health plan. A health reimbursement plan gives employers a way to cover these costs.
Navigating employee benefits: A comprehensive guide for growing businesses
Insperity
MARCH 12, 2024
Health insurance Health insurance aims to assist employees with the costs of obtaining medical care. Optional dental and vision care are usually offered alongside health insurance for an added fee.) Bureau of Labor Statistics (BLS) , private-sector employers spend an average of $2.86
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