BerniePortal

JUNE 23, 2020

For healthcare, one of the most common questions that may come up is the difference between health savings accounts (HSAs) and flexible spending accounts (FSAs). Discover the meaning behind both—and why they matter.

Flexible Spending Account 83

Flexible Spending Account Health Savings Account Flexible Spending Healthcare 83

WEX Inc.

MAY 31, 2023

For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are opportunities to save money on these expenses. Using your HSA or FSA to pay for teeth cleaning can be a smart way to maximize your healthcare dollars while taking care of your oral health.

Medical 98

Medical Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

OCTOBER 9, 2024

Health savings accounts (HSAs) and flexible spending accounts (FSAs) are often misunderstood, despite their significant financial advantages. It’s time to clarify the ins and outs of these tax-saving healthcare accounts and answer some HSA and FSA FAQs.

Flexible Spending Account 95

Flexible Spending Account Health Savings Account Flexible Spending Taxes 95

WEX Inc.

AUGUST 10, 2023

You might be surprised to learn that your health savings account (HSA) and medical flexible spending account (FSA) can help you save on purchases of a variety of back-to-school, expenses, including: Thermometers. Are you preparing to send your kids back to school soon?

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

AUGUST 29, 2023

And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexible spending account (FSA) funds? Reasons can vary, which is why wide-ranging fertility benefits can also improve the lives of any adult wanting to start a family.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

SEPTEMBER 21, 2023

Visual health is a vital component of overall well-being, and unexpected eye-related expenses can put a strain on your finances. However, for participants of health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs.

Health 98

Health Flexible Spending Account Health Savings Account Flexible Spending 98

Benefit Resource Inc.

APRIL 7, 2023

Price Transparency Unearthing the price of health-related items is often more difficult (and frustrating) than it should be. But with price transparency tools like GoodRx and Healthcare Bluebook , you can find the product you need at a price that’s clear at the start.

Taxes 98

Taxes Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

SEPTEMBER 7, 2023

Flexible spending accounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. Make sure to explain these benefits and emphasize that employees should only spend what they can.

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

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. Healthcare FSA. The most commonly used FSA is the healthcare FSA.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

WEX Inc.

AUGUST 15, 2023

For first-time health insurance and benefits electees, we’re kicking off a three-part blog series just for you to walk through considerations when making these decisions. For starters, let’s look at a few considerations when evaluating health plans for the first time. Consider whether you typically have low or high medical expenses.

Deductible 98

Deductible Deductions Healthcare Flexible Spending Account 98

Benefit Resource Inc.

JANUARY 16, 2020

The buzz phrase “health and wellness” is currently widely used to reference services or products that take a more holistic approach to care. So, how will this affect tax advantaged accounts like Flexible Spending Accounts and Health Reimbursement Accounts?

Health Savings Account 73

Health Savings Account Flexible Spending Account Flexible Spending Taxes 73

WEX Inc.

JANUARY 2, 2025

7 basic rules of an HSA you need to know Maximize the potential of your health savings account (HSA) by mastering these 7 essential rules. Discover how to make smarter contributions, save on healthcare costs, and plan for a healthier financial future. What is a dependent care FSA?

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

WEX Inc.

AUGUST 2, 2023

A flexible spending account (FSA) allows participants to save money by setting aside pre-tax dollars to pay for eligible medical, dental , vision and dependent care expenses incurred by you, your spouse, or your eligible dependents. FSAs are an employer-owned account , and the IRS sets limits on annual FSA contributions.

Flexible Spending Account 98

Flexible Spending Account Deductions Deductible Health 98

WEX Inc.

FEBRUARY 23, 2023

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. We’ve compiled some tips to help you if you participate in a WEX benefits plan.

Flexible Spending Account 98

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

PeopleKeep

APRIL 30, 2020

Medical reimbursement plans are IRS-approved health plans that allow for tax-free reimbursement for medical expenses. Medical reimbursement plans can be used alongside a group health insurance plan. Or, the medical reimbursement plan can be offered as the main health benefit plan, usually instead of a group health insurance plan.

Medical 72

Medical Flexible Spending Account Health Savings Account Health Insurance 72

Benefit Resource Inc.

APRIL 20, 2023

While dusting, vacuuming, and packing away winter clothes may be on the top of your spring cleaning list, have you considered reviewing your eligible expenses and utilizing your Flexible Spending Account (FSA)? While doing your spring cleaning, don’t forget to look at your FSA.

Out of Pocket Cost 83

Out of Pocket Cost Flexible Spending Account Flexible Spending Health Savings Account 83

Benefit Resource Inc.

MARCH 31, 2022

Health and medical expenses are covered by a Flexible Spending Account or Medical FSA to promote general well-being. These accounts are used to cover health and medical expenses both for you and your dependents (usually children). Take advantage of your pre-tax benefits this year! Use-It-Or-Lose-It.

Medical 75

Medical Flexible Spending Account Health Savings Account Flexible Spending 75

HR Lineup

OCTOBER 21, 2024

Keeps professionals updated on changes in healthcare laws and compliance requirements. Best For: HR professionals, benefits administrators, and insurance agents who handle health insurance plans. It’s perfect for those who manage employee health savings programs.

401(k) 65

401(k) Employee Benefits Retirement Plan Health Savings Account 65

Health Consultants Group

OCTOBER 1, 2021

Based on SHRM’s research, benefits that supported remote work, caregiving, and health became essential during the pandemic. Healthcare, including mental health, telemedicine services, and wellness. Accident and Health Benefits . Health Savings Accounts. These include: . Adoption Benefits.

Employee Benefits 86

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

Benefit Resource Inc.

NOVEMBER 6, 2023

These benefits not only help employees save money but also make it easier for them to invest in their well-being. FSA and HSA: By taking advantage of programs like Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs), employees can allocate a portion of their pre-tax earnings to cover essential health-related expenses.

Flexible Spending Account 90

Flexible Spending Account Flexible Spending Health Savings Account Food 90

Benefit Resource Inc.

DECEMBER 20, 2021

As the end of 2021 and the plan year looms, it’s crucial to consider what you can do with any remaining funds in your Flexible Spending Account (FSA). Most of the funds in your FSA need to be spent before the end of the plan year because you may lose what you don’t spend.

Flexible Spending Account 75

Flexible Spending Account Health Savings Account Flexible Spending Medical 75

Griffin Benefits

MARCH 16, 2022

Health Savings Accounts, Flexible Spending Accounts, and supplemental medical plans like accident, critical illness, and hospital indemnity insurance can be critical to help pay for out-of-pocket medical costs. 3) Leverage interconnectedness.

Flexible Spending Account 89

Flexible Spending Account Retirement Plan Health Savings Account Voluntary Benefits 89

Best Money Moves

JULY 8, 2020

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.

Employee Benefits 112

Employee Benefits Out of Pocket Cost Flexible Spending Account Health Insurance 112

WEX Inc.

SEPTEMBER 18, 2024

It’s your best chance to evaluate your healthcare needs and identify opportunities to better support yourself and your family. If you’re one of that majority, you may be missing out on multiple ways to save, either through the health plan you choose or through the benefits you enroll in. Open enrollment comes just once a year.

401(k) 52

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

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.

Benefits Package 52

Benefits Package Flexible Spending Account Health Savings Account Flexible Spending 52

PeopleKeep

MAY 8, 2024

That’s why more individuals have recently turned to general wellness programs to improve their overall health. If you have a health reimbursement arrangement (HRA), health savings account (HSA), or healthcare flexible spending account (FSA), you have access to a powerful tool that can help you pay for your out-of-pocket medical costs.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Food 52

Proskauer's Employee Benefits & Executive Compensa

OCTOBER 21, 2022

On October 18th, the IRS announced a slew of inflation adjustments for 2023, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. Health FSAs. . The new limits are set forth below. Carryover Limit.

Transportation 52

Transportation Flexible Spending Account Flexible Spending Health Savings Account 52

PeopleKeep

JANUARY 18, 2023

Gaining in popularity as a type of consumer driven health plans (CDHPs), health reimbursement arrangements (HRAs) allow employees to take better charge of their healthcare and budget for themselves and their families.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Healthcare 52

BerniePortal

JULY 11, 2021

For healthcare, one of the most common questions that may come up is whether or not users can own both a health savings account (HSA) and a flexible spending accounts (FSA). Find out what users need to know about using HSAs and FSAs together.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Healthcare 52

Benefit Resource Inc.

JANUARY 3, 2023

Taking advantage of pre-tax benefits offered through work will help increase your financial security while providing peace of mind knowing that you are taking proactive steps towards prioritizing your health this year. Take Advantage of a Medical FSA. That’s more money in your pocket! Maximize Your HSA.

Utilities 98

Utilities Taxes Flexible Spending Account Flexible Spending 98

WEX Inc.

JULY 20, 2023

Smaller employers may face challenges in providing these options, although participants have said they are interested in these health plan choices. Participants are eligible for an HSA only if they’re enrolled in an HSA-eligible health plan, so the choice between these two accounts is related to providing choice in health plans.

Deductions 75

Deductions Deductible Flexible Spending Account Health Savings Account 75

Benefit Resource Inc.

APRIL 18, 2023

The cost of healthcare can be daunting, especially for those who do not have adequate insurance coverage or savings to cover medical expenses. Fortunately, there are ways to increase your financial well-being through medical savings. FSAs can be combined with any health plan offering. What is an HSA? What is an FSA?

Medical 52

Medical Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

JUNE 18, 2020

It allows you to set aside money from your paycheck before taxes and put it into an account to buy approved healthcare products. Tax free benefits accounts that can be used to purchase these products include: Flexible spending accounts (referred to as FSAs). Health savings accounts (HSAs).

Flexible Spending Account 70

Flexible Spending Account Flexible Spending Health Savings Account Taxes 70

Genesis HR Solutions

SEPTEMBER 22, 2020

Flexible Spending Account (FSA). According to Healthcare.gov , a Flexible Spending Account (also known as a flexible spending arrangement) is a special account employees put money into that they use to pay for certain out-of-pocket health care costs. Health Savings Account (HSA).

401(k) 98

401(k) Employee Benefits roth 401(k) Disability Insurance 98

Benefit Resource Inc.

MARCH 28, 2024

Pre-tax benefits are a powerful tool for saving money and maximizing your income. From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely.

Flexible Spending Account 52

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

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. FSAs are employer-owned, meaning you may lose the funds if you change job or health plans.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

Benefit Resource Inc.

JULY 19, 2023

Offering healthcare financial tools such as health savings accounts (HSAs) and flexible spending accounts (FSAs) are an important part of any employee’s suite of employee benefits.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52