Money Talk

JUNE 28, 2023

Health Savings Account (HSA) Tweak - By mid-year, you know what you already spent for health care services through June. This information can help inform decisions about how much more to save up to the 2023 limits of $3,850 (self-only) and $7,750 (family coverage). Consider doing a proforma 2023 tax return.

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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! The information in this blog post is for educational purposes only. For many, winter is as synonymous for snowflakes as it is for sinus problems.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

WEX Inc.

DECEMBER 18, 2024

With new deadlines and changing benefits compliance requirements each year, its vital to stay informed and organized. 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.

Family and Medical Leave Act 52

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) Deductible Deductions 263

HR Lineup

MAY 10, 2024

Actionable Insights: Use the feedback gathered from stay interviews and exit interviews to inform HR policies, practices, and initiatives aimed at improving employee retention and satisfaction.

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Benefits Package Flexible Spending Account Employee Retention Flexible Spending 246

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. The information in this blog post is for educational purposes only. Check out our blog post to simplify your FSA experience and make the most of your benefits! It is not legal or tax advice.

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Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

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. Right after you log in to your online account or the benefits mobile app, youll see a Tasks menu. It is not legal or tax advice.

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

HR Lineup

JUNE 15, 2023

It allows employees to explore and select their desired benefits packages from a wide range of options, including health insurance, retirement plans, flexible spending accounts, and more. The platform employs industry-leading encryption and data protection measures to safeguard sensitive employee information.

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Flexible Spending Account Benefits Package Flexible Spending Retirement Plan 130

WEX Inc.

JANUARY 14, 2025

Utilize multiple channelsemail, intranet, video tutorials, and town hall meetingsto ensure employees understand: Key changes to the benefits plan Enrollment deadlines Tools available to help them make informed decisions Consider leveraging AI-driven communication tools to personalize messages and answer common questions in real time.

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Flexible Spending Account Health Savings Account Flexible Spending Retirement Plan 52

Money Talk

JANUARY 19, 2022

Check Your FSA - Learn the rules for your flexible spending account (FSA). This post provides general personal finance information and does not address all the variables that apply to an individual’s unique situation. Many people had elective medical procedures canceled in 2021 or their child care needs changed.

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Flexible Spending Account Taxes Pension Deductible 187

WEX Inc.

SEPTEMBER 18, 2024

An informative blog , educational videos and savings and goal calculators make it easy for you to determine your plan elections. This is your best opportunity to discuss available plans with your employer and learn what has changed from the previous 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

HR Lineup

JUNE 14, 2023

With a mission to simplify the complexities of benefits enrollment and management, Empyrean offers innovative solutions that streamline the process for employers and empower employees to make informed decisions about their benefits. Empyrean also takes data security and privacy seriously.

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Flexible Spending Account Flexible Spending Retirement Plan Health Insurance 130

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. By empowering employees with information and support, Businessolver helps organizations create a positive and engaging workplace culture.

Flexible Spending Account 130

Flexible Spending Account Flexible Spending Retirement Plan Health Insurance 130

HR Lineup

FEBRUARY 9, 2023

With a user-friendly interface, employees can easily view and enroll in benefits, submit time-off requests, and manage their personal information. 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.

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Flexible Spending Account Comprehensive Benefits Flexible Spending Retirement Plan 130

HR Lineup

JUNE 9, 2023

This means that employers can easily manage various benefit plans, such as health insurance, retirement savings, flexible spending accounts, and more, all in one place. Employees can easily view and update their benefits information, access important documents and forms, and receive personalized notifications and reminders.

Flexible Spending Account 130

Flexible Spending Account Flexible Spending Utilities Health Insurance 130

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)? Just make sure you’re using your card somewhere that offers an Inventory Information Approval System (IIAS) or meets the IRS’ 90 percent rule.

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Medical Flexible Spending Account Flexible Spending Taxes 98

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.

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

HR Lineup

JUNE 9, 2023

The platform supports a wide range of benefit types, including health insurance, dental and vision coverage, retirement plans, flexible spending accounts, and more. They can access the platform from any device, view plan details, compare options, and make informed decisions about their benefits elections.

Flexible Spending Account 130

Flexible Spending Account Flexible Spending Retirement Plan Health Insurance 130

WEX Inc.

OCTOBER 4, 2023

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses. It is not legal or tax advice.

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

HR Lineup

JUNE 9, 2023

The platform enables HR teams to manage employee benefits, such as health insurance, retirement plans, and flexible spending accounts. Employees can conveniently access and update their benefits information, while HR administrators can ensure compliance, track enrollment status, and generate comprehensive benefits reports.

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Flexible Spending Account Payroll Flexible Spending Retirement Plan 130

HR Lineup

FEBRUARY 13, 2023

The company also offers flexible spending accounts (FSAs) and health savings accounts (HSAs) to help employees save money on healthcare costs. The company’s online portals provide employees with 24/7 access to their benefits information and allow them to enroll, make changes, and view claims information.

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Employee Benefits Flexible Spending Account Disability Insurance Health Savings Account 130

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 Deductible 96

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. Participants often do not understand that separate elections must be made for Medical and Dependent Care Accounts.

Medical 98

Medical Flexible Spending Account Flexible Spending Deductible 98

WEX Inc.

SEPTEMBER 4, 2024

Understanding different medical plans To make an informed decision, it’s essential to understand various medical plans and how they relate to your life. 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.

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Deductible Deductions Flexible Spending Account Healthcare 52

WEX Inc.

AUGUST 7, 2023

Sunscreen can cost as much as $40 a bottle, but did you know you can actually use your health savings account (HSA) or medical flexible spending account (FSA) funds on many SPF-related expenses? Sunscreen There’s a good chance you’re planning on spending some time in the sun over the next few months.

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Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

SEPTEMBER 26, 2024

When things change at lightspeed, it is imperative to have team members who understand what you need to do to stay in compliance, but also develop a detailed plan to execute, predict and account for downstream impacts. The information in this blog post is for educational purposes only. Check out our handout. Download now!

Employment 52

Employment Flexible Spending Account Flexible Spending Education 52

HR Lineup

JUNE 9, 2023

The company provides retirement savings plans and investment options, along with educational resources to help employees make informed decisions about their financial future. Retirement planning is another crucial aspect of PES Benefits’ offerings.

Retirement Plan 130

Retirement Plan Flexible Spending Account Flexible Spending Life Insurance 130

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? Egg donor fees Egg donor fees , when deemed medically necessary by a doctor who has provided the information needed, are covered by a HSA and FSA.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

OCTOBER 15, 2024

“Health savings accounts are booming in popularity, with total assets eclipsing $123 billion in 2023 – nearly triple from just five years earlier – and yet they’re still widely misunderstood,” said Robert Deshaies, Chief Operating Officer of Benefits at WEX. Employees can spend, save, or invest their HSAs.

401(k) 52

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

WEX Inc.

SEPTEMBER 24, 2024

HSAs and FSAs: Service dog expenses Health savings accounts (HSAs) and flexible spending accounts (FSAs) may provide an additional avenue for covering the cost of a service dog. The information in this blog post is for educational purposes only. Peace of mind knowing that your pet is covered for life.

Recruitment 52

Recruitment Flexible Spending Account Health Savings Account Medical 52

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. The information in this blog post is for educational purposes only.

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Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

MAY 4, 2023

The IRS requires your flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. That includes: Our benefits card automatically approves any FSA purchases on eligible expenses when used at merchants with an Inventory Information Approval System (IIAS).

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Flexible Spending Account Flexible Spending Taxes Medical 98

WEX Inc.

SEPTEMBER 21, 2023

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. The information in this blog post is for educational purposes only. It is not legal or tax advice.

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Health Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

JULY 9, 2023

A dependent care flexible spending account lets participants set aside pre-tax dollars to help pay for dependent care. For example, if you’re putting $5,000 into the account, that would leave $1,000 that you can apply the tax credit to before you’ve reached the $6,000 ceiling for the credit. It is not legal or tax advice.

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Flexible Spending Account Flexible Spending Taxes Consulting 98

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. The information in this blog post is for educational purposes only. We answer a few common dental-related questions as it relates to your HSA or medical FSA.

Medical 98

Medical Flexible Spending Account Health Savings Account Flexible Spending 98

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. The information in this blog post is for educational purposes only.

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Flexible Spending Account Deductible Deductions Health 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. It is not legal or tax advice.

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Flexible Spending Account Health Savings Account Flexible Spending Taxes 95