InterWest Insurance Services

SEPTEMBER 23, 2024

They have three specific flexible benefits for your employees to choose from: Pre-tax health insurance premium deductions Premium-only plans allow your employees to elect to withhold a portion of their pre-tax salary to pay for their portion of the premium contribution to their employer-sponsored plan.

Flexible Spending Account 70

Flexible Spending Account Benefits Package Deductions Deductible 70

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

AUGUST 16, 2021

If your employer offers a health reimbursement arrangement (HRA), then you have access to a unique health benefit that empowers you to make your own healthcare choices in ways a traditional group health insurance plan doesn’t.

Flexible Spending Account 96

Flexible Spending Account Flexible Spending Health Insurance Healthcare 96

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). And though they aren’t part of Section 125, testing is also required for health reimbursement arrangements (HRAs) and self-insured medical plans (SIMPs).

Flexible Spending Account 95

Flexible Spending Account Flexible Spending Medical Taxes 95

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.

Flexible Spending Account 64

Flexible Spending Account Pharmaceutical Health Savings Account Flexible Spending 64

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. The 2023 contribution limit for medical FSAs is $3,050 per year.

Medical 98

Medical Flexible Spending Account Flexible Spending Taxes 98

InterWest Insurance Services

DECEMBER 9, 2021

In addition, new rulemaking is likely to be introduced in 2022 that will affect health plans, including non-discrimination rules for wellness plans and new rules governing what must be included on insurance plan ID cards. The CAA created a number of new requirements that affect health insurance and coverage. More guidance coming.

Health Insurance 83

Health Insurance Insurance Insurance Carriers Deductions 83

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? Most people using fertility services pay thousands of dollars out of pocket without insurance. What are fertility benefits?

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

InterWest Insurance Services

MARCH 22, 2022

Options can include: Health insurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. Flexible spending account. Call us for more information on how you can set up a flexible benefit plan for your staff. Flexible spending accounts.

Flexible Spending Account 75

Flexible Spending Account 401(k) Flexible Spending Deductions 75

InterWest Insurance Services

JULY 4, 2024

The average employer covers 78% of their employees’ health insurance premiums, up from 74% in 2022. Participation in HSAs and flexible spending accounts fell 20% from 2022 to 2024, indicating that employers are not doing enough to educate their staff about these tax-advantaged accounts.

Voluntary Benefits 78

Voluntary Benefits Flexible Spending Account Deductions Deductible 78

PeopleKeep

MAY 20, 2021

One way small employers can avoid high insurance costs while still offering a formal health benefit to recruit and retain top talent is an account-based health plan (ABHP).

Flexible Spending Account 76

Flexible Spending Account Health Savings Account Flexible Spending Healthcare 76

COMPackage

SEPTEMBER 30, 2024

Long-Term Incentives: This may involve stock options, restricted stock units, or profit-sharing plans.

401(k) 40

401(k) Flexible Spending Account Disability Insurance Employment 40

HR Lineup

MAY 9, 2023

One of the most significant employee benefits that Pazcare offers is health insurance. Health insurance is an essential component of employee benefits, and Pazcare recognizes the importance of it. In addition to health insurance and retirement savings plans, Pazcare also offers flexible spending accounts (FSAs).

401(k) 52

401(k) Flexible Spending Account Health Insurance PTO 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. Insurance Check-Up - While stocks have trended downward so far in 2022, insurance premiums (homeowners, auto, health, etc.)

401(k) 246

401(k) Out of Pocket Cost Finance Flexible Spending Account 246

InterWest Insurance Services

OCTOBER 27, 2022

Flexible spending account: With an FSA an employee pays — on a pre-tax basis through salary reduction — for out-of-pocket medical expenses that aren’t covered by insurance (for example, annual deductibles, doctor’s office copayments, prescriptions, eyeglasses and dental costs).

Flexible Spending Account 78

Flexible Spending Account Employment Flexible Spending Deductions 78

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.

Taxes 189

Taxes 401(k) Flexible Spending Account Deductions 189

HR Digest

MAY 21, 2023

From mandated health insurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. Health insurance Those benefits provide a baseline of employee expectations. Health care flexible spending accounts 3. Health insurance 2. Dental or vision insurance 4.

Benefits Package 105

Benefits Package 401(k) Employee Benefits Disability Insurance 105

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. One such way is by utilizing health savings accounts (HSAs) and flexible spending accounts (FSAs). What is an HSA? What is an FSA?

Medical 52

Medical Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

FEBRUARY 13, 2024

Congratulations on enrolling in a Flexible Spending Account (FSA)! OPTION 2: EXPLANATION OF BENEFITS (EOB) If the expense went through your insurance, an Explanation of Benefits (EOB) from your insurance company provides the same detailed information.

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Medical Insurance 52

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) 66

401(k) Employee Benefits Retirement Plan Health Savings Account 66

WEX Inc.

SEPTEMBER 12, 2023

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. Consider the following when evaluating these accounts: Tax benefit: Contributions to HSAs and FSAs are tax-deductible and reimbursements for qualified medical expenses are tax-free.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

Employee Benefits

OCTOBER 19, 2023

” Cummins also offers its employees a pension scheme, medical, dental and life Insurance, a profit share scheme, healthcare benefits, parental leave, adoption assistance, flexible-working arrangements, a flexible spending account and an employee share purchase scheme.

Flexible Spending Account 59

Flexible Spending Account Parental Leave Flexible Spending Life Insurance 59

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. This is called cost sharing, and it’s common in many types of insurance. Cost sharing helps insurance companies and policyholders achieve certain goals.

Health Insurance 52

Health Insurance Out of Pocket Cost Insurance Deductions 52

WEX Inc.

SEPTEMBER 18, 2024

When approaching open enrollment, do … Evaluate available health insurance plans. If you rarely go to the doctor or would like to enroll in a health savings account (HSA) , an HSA-eligible health plan may be right for you! Fortunately, a few open enrollment tips can go a long way to making sure you’re maximizing your savings potential.

401(k) 52

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

WEX Inc.

MAY 2, 2024

Those enrolled in an HSA or a medical flexible spending account (FSA) may also be able to enroll in certain types of HRAs. We support flexible plan designs, empowering you to determine your own benefits goals for your participants by letting you set up your HRA to look however you want. Investment potential.

Health Savings Account 98

Health Savings Account 401(k) Flexible Spending Account Taxes 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. Copays, co-insurance, and deductibles for medical care. Types of FSA Plans.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

WEX Inc.

SEPTEMBER 14, 2023

When approaching open enrollment, do … Evaluate available health insurance plans. If you rarely go to the doctor or would like to enroll in a health savings account (HSA) , an HSA-eligible health plan may be right for you! Fortunately, a few open enrollment tips can go a long way to making sure you’re maximizing your savings potential.

401(k) 98

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

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. However, many small employers decide to offer health insurance anyway. Health insurance matters to employees. Census Bureau says that 54.3

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52

CorpStrat

FEBRUARY 22, 2023

People are already struggling to pay for the insurance premiums but on top of that, they’re afraid deductibles, prescriptions, and co-insurance might push them into the red. Every person has expenses that are not covered by health insurance every year. It’s no wonder that they’re struggling. We’re here to help.

Flexible Spending Account 52

Flexible Spending Account Out of Pocket Cost Flexible Spending Deductions 52

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.

NOVEMBER 11, 2022

Did you know you can use your Flexible Spending Account (FSA) funds to cover a wide range of out-of-pocket healthcare costs, including vision care. Remember to Use Your Eye Insurance. In addition to your FSA, you may also have eye insurance that can help cover the cost of your prescription.

Flexible Spending Account 73

Flexible Spending Account Flexible Spending Insurance Health 73

WEX Inc.

JULY 20, 2023

Deductible options The words “health”, “coverage”, “insurance”, and “deductible” were among the most frequent words to appear when participants were asked in our survey what was missing from their benefits. Specific responses included: “A lower deductible or copay options would be an improvement.”

Deductions 75

Deductions Deductible Flexible Spending Account Health Savings Account 75

Employee Benefits

OCTOBER 26, 2023

Insight Enterprises offers its employees dental, disability, health, life and vision insurance, a flexible spending account, mental health benefits, adoption assistance, childcare benefits, family medical leave, remote and flexible working, a bonus scheme and paid time to volunteer.

Flexible Spending Account 59

Flexible Spending Account Flexible Spending Human Resources Bonuses 59

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. Your HSA funds can be used to pay for COBRA premiums.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

InterWest Insurance Services

JUNE 27, 2024

The IRS has issued a new bulletin, reminding Americans that funds in tax-advantaged medical savings accounts cannot be used to pay for general health and wellness expenses.

Out of Pocket Cost 83

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

WEX Inc.

SEPTEMBER 24, 2024

When asked what benefit they’d like to learn more about, pet insurance received the third-most responses. LSAs Lifestyle spending accounts (LSAs) can be customized by you to cover your employees’ pet-related expenses. Just like humans, pets can face unexpected health issues or accidents that may require veterinary attention.

Recruitment 52

Recruitment Flexible Spending Account Health Savings Account Medical 52

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. However, your eligibility for either account can be influenced by the health plan you choose.

Deductions 52

Deductions Deductible Flexible Spending Account Healthcare 52