Benefit Resource Inc.

APRIL 10, 2024

What is a Dependent Care Flexible Spending Account (DCFSA)? First things first, let’s clarify what a dependent care flexible spending account actually is. We’re here to help you navigate the world of employee benefits and ensure you’re getting the most out of what they have to offer.

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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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Benefit Resource Inc.

MARCH 28, 2024

From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. Know Your Pre-Tax Benefit Options Flexible spending accounts (FSAs): An FSA allows you to set aside pre-tax dollars for eligible healthcare expenses.

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Best Money Moves

JULY 8, 2020

HR trends forecast the most desired employee benefits for 2021 like financial wellness programs and flexible work arrangements. The coronavirus pandemic has presented significant challenges for employers and highlighted the unprecedented levels of stress employees face in their everyday lives. But what can employers do to help?

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Benefit Resource Inc.

NOVEMBER 15, 2023

This presents a unique set of challenges for employers and HR professionals, who must navigate the delicate balance of providing competitive compensation packages while also addressing the rising costs of living. During times of inflation, healthcare costs often spike.

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Benefit Resource Inc.

OCTOBER 18, 2018

If you have a Flexible Spending Account (FSA), you know that every year during Open Enrollment (OE), you choose how much to put aside in the account, otherwise known as your election. ” Applying this approach to your FSA election, your FSA should achieve a dual outcome.

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Benefit Resource Inc.

OCTOBER 16, 2018

As kids, there were fun games that helped us make choices… In benefits, we are often presented with a 50 page document and told “Here you go. ” Too bad making your pre-tax benefit account decisions is not as easy as pointing and saying “Eenie meenie miney mo – Which account should I choose? Medical FSA.

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Benefit Resource Inc.

JUNE 29, 2021

Now that you’ve explained (again) how insurance works, you get to begin the real work of teaching employees the difference between Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). If you are presented with information that doesn’t have an existing bucket, it will take longer to store.

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The Olson Group

DECEMBER 9, 2021

W-2 Prep Make sure employee’s (past and present) addresses and social security numbers are correct. As 2021 comes to an end, here are some year-end tips and compliance guidance to ensure you are ready to kick off 2022 on the right track! Check out the 7 tips and download your very own checklist below!

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Griffin Benefits

OCTOBER 1, 2022

Additionally, account-based plans, like health reimbursement arrangements (HRAs) and health care flexible spending accounts (FSAs), are not required to report. Contracting should be fairly straightforward and likely does not present a special challenge apart from the need to explicitly contract with the carrier.

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Benefit Resource Inc.

JULY 9, 2019

However, quitting smoking can present a set of challenges that often result in an extended journey to overcome the addiction. They are also eligible expenses that can be paid for with a pre-tax account like a Health Savings Account (HSA) or Flexible Spending Account (FSA). Finding out what’s eligible.

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Benefit Resource Inc.

NOVEMBER 12, 2019

requiring employers in California to notify employees who participate in a Flexible Spending Account (FSA) of any deadline to withdraw funds, where the deadline is prior to the end of the plan year. Enrollment presentations and materials. High Level Summary. New legislation in California has passed under Section 2810.7,

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Benefit Resource Inc.

AUGUST 8, 2019

In this case, COBRA can be the path of least resistance and presents an easy gap coverage option. In this scenario, you may want to spend the extra time to research alternative coverage options through an exchange or directly through an insurance carrier. COBRA coverage is available for more than just medical insurance.

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Benefit Resource Inc.

OCTOBER 1, 2020

As BRI looked to strengthen its geographic presence in the Midwest, 121 Benefits present ed a unique fit with its a strong commitment to its clients through personalized and dedicated service , similar to BRI ’s approach.

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PeopleStrategy

NOVEMBER 1, 2023

Are there new offerings the company is presenting that haven’t been offered before—or even better are in response to employee demand? If applicable, provide information on Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) and how employees can contribute. What has changed from last year?

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Business Management Daily

SEPTEMBER 15, 2021

Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. Employers also may want to explore benefit plan additions such as: Flexible Spending Accounts. Flexible employee schedules/work-from-home options.

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Benefit Resource Inc.

NOVEMBER 27, 2018

It is imperative to present a comprehensive health care picture where pre-tax benefits come alongside existing insurance plans as another savings tool. For employees, one of the largest stressors is choosing the appropriate amount to elect for Flexible Spending Accounts. Get employees started with Why Should I Enroll?

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Benefit Resource Inc.

OCTOBER 23, 2018

You are presented with three statements- two are true and one is a lie. Those Flexible Spending Accounts are pesky (we say that affectionately as an administrator) because they require you to have a life event before making any changes to your election. If you took the BRight Ideas quiz from Benefit Resource, Inc.

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Benefit Resource Inc.

DECEMBER 20, 2018

The nation takes a cup of cheer and stocks up on presents, laughs and joy for the coming year. One of the most common employer-provided benefits is a Flexible Spending Account (FSA). If you have an FSA, you know it’s a use-or-lose account and the “lose” time frame is approaching. (If

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Business Management Daily

SEPTEMBER 11, 2023

Providing benefit enrollment information and forms Again, break this down further by type, such as: Medical Dental Vision Retirement Life insurance Flexible Spending Account (FSA) Giving links to videos or tutorials on company history and mission. Securing uniforms, badges, tech equipment, and other necessary supplies.

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Business Management Daily

JANUARY 5, 2021

Cafeteria plans with plan years ending in 2020 or 2021 may allow employees who have health flexible spending accounts or dependent care assistance plan accounts to rollover unused amounts into the next plan year. Until the IRS says otherwise, these two rules still apply. FSA/DCAP deferrals. Through Dec.

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Flimp Communications

SEPTEMBER 12, 2024

Along with the form, they must also present a valid form of identification and work authorization such as a passport, driver’s license, permanent resident card, or Social Security card. which means you’ll have to collect bank account information from every new employee. Form I-9: Employment Eligibility Verification All U.S.

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Corporate Synergies

SEPTEMBER 10, 2018

Costs for medical and pharmacy benefits continue to rise, which means there are adjusted employee contributions to present to an audience who’s unlikely to understand the reasoning behind cost increases. Open enrollment season is a challenge, no matter how well the HR department prepares. Keep New Benefit Options Simple.

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Genesis HR Solutions

MAY 23, 2023

Hiring Trends In 2023 Below, I present hiring trends across various categories to help you formulate a comprehensive approach that works best for you. This free checklist helps you learn industry best practices for integrating new employees to your organization in their first days on the job. Pay Offering higher pay.

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Empuls

OCTOBER 11, 2023

‍Here are a few things Health and Wellness stipends are not part of: Health Savings Account (HSA) Flexible Spending Accounts (FSA) Health Insurance Stipend Stipends with Reimbursement Options Now that we’ve made it clear, let’s move on to how an organization can offer Health and Wellness stipends to its employees.

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Empuls

JANUARY 30, 2023

Briefly mention attractive benefits, like: Flexible spending accounts Educational assistance Insurance coverage 401(k) plan Paid time off Flexible work hours Work-from-home options Ensure that the candidate understands the benefits to simplify the onboarding process for them.

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Flimp Communications

SEPTEMBER 25, 2024

These stats might be discouraging, but they also present an opportunity. A health savings account (HSA) or flexible spending account (FSA) will let you pay your drug copays with pre-tax dollars. Check it out here → According to a 2023 KFF survey: 35% of insured people aren’t sure what their insurance will cover.

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InterWest Insurance Services

SEPTEMBER 27, 2023

This is especially true if you are making changes to cost-sharing, introducing new plans, or offer voluntary benefits, a wellness plan or health savings account or flexible spending account. Provide enough time for the main presentation, as well as for questions from your employees.

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Vantage Circle

NOVEMBER 23, 2023

Modern digital tools and collaborative platforms, such as Slack, Microsoft Teams, and Airtable, have streamlined the implementation of these flexible options for numerous organizations. Dell , a prominent computer company, fully embraced technology when it initiated its flexible work culture in 2009. How to Offer? How to offer?

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Benefits Notes

MARCH 31, 2021

Health care flexible spending accounts are not subject to the ARPA provisions. The effect of these changes is that plans will be able to calculate the present value of benefits using a higher interest rate, and thereby improving its funding status. Amount and Length of Subsidy. Multiemployer Plan Provisions.

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