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 98

Flexible Spending Account Flexible Spending Health Insurance Healthcare 98

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

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

HR Lineup

FEBRUARY 9, 2023

The platform streamlines HR processes and benefits administration by offering a single, centralized platform for employees to access and manage their benefits, from health insurance and retirement plans to time-off tracking and more. One of the key benefits of GoCo is its ease of use.

Flexible Spending Account 130

Flexible Spending Account Comprehensive Benefits Flexible Spending Retirement Plan 130

InterWest Insurance Services

MARCH 22, 2022

Cafeteria plans are particularly good for participants who have regular expenses related to medical issues and childcare. Options can include: Health insurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. Flexible spending account. Flexible spending accounts.

Flexible Spending Account 96

Flexible Spending Account 401(k) Flexible Spending Deductible 96

InterWest Insurance Services

JULY 4, 2024

But employers are cautioned against offering just HDHPs as they are not a good fit for everyone, particularly those who are regular users of their health plans or have chronic conditions that require more doctors’ visits, medical procedures and medications.

Voluntary Benefits 97

Voluntary Benefits Flexible Spending Account Deductible Deductions 97

InterWest Insurance Services

SEPTEMBER 23, 2024

These plans allow workers to withhold a portion of their pre-tax salary to cover certain medical or childcare expenses. Employees pay for medical expenses up front out of pocket and then seek reimbursement from their FSA. The plan offers a simple way to reduce the cost of their benefits.

Flexible Spending Account 94

Flexible Spending Account Benefits Package Deductible Deductions 94

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

Deductible Deductions Healthcare Flexible Spending Account 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. While flexible spending accounts are typically associated with medical costs there are a couple of different types of FSAs. Medical Marijuana. Types of FSA Plans.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

InterWest Insurance Services

JULY 20, 2022

Indeed, a 2021 study found that 29% of Gen Z respondents are carrying medical debt. If you can help them avoid amassing medical debt, and if they can get the most out of their benefits, you can increase worker satisfaction and retain key talent.

Education 98

Education 401(k) Deductible Deductions 98

InterWest Insurance Services

NOVEMBER 25, 2022

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. HSAs allow your staff to set aside a portion of their pre-tax earnings into an account they can tap later to reimburse for qualified medical expenses, including copays, coinsurance, deductibles and medications.

401(k) 98

401(k) Deductible Deductions Flexible Spending Account 98

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. Employees have a right to understand the costs, so let them know how to access the free transparency tools provided online by most medical carriers.

Flexible Spending Account 96

Flexible Spending Account Pharmaceutical Health Savings Account Flexible Spending 96

The Olson Group

DECEMBER 9, 2021

These include a Summary of Benefits and Coverage (SBC), privacy practices on personal health information (HIPPA), the Children’s Health Insurance Program Reauthorization Act on Health Coverage assistance (CHIPRA), Women’s Health and Cancer Rights Act (WHCRA), and COBRA General Rights and Election Notices.

Family and Medical Leave Act 98

Family and Medical Leave Act Flexible Spending Account Flexible Spending Health Insurance 98

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.

Health Insurance 47

Health Insurance Insurance Insurance Carriers Out of Pocket Cost 47

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) 98

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

Health Consultants Group

OCTOBER 1, 2021

After a year of unprecedented medical and personal experiences, employees can easily detect holes in their benefits plans. Flexible work options. Employees still want traditional options such as retirement plans, educational assistance, and health insurance. Accident and Health Benefits . Health Savings Accounts.

Employee Benefits 86

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

Best Money Moves

JULY 8, 2020

3 Health Insurance Benefits. Most employees (56 percent) have used a credit card to pay for medical care at some time in their lives and more than half of them still owe money because of that decision, according to research by CompareCards. 5 Mental Health Benefits . 4 Paid Time Off.

Employee Benefits 111

Employee Benefits Out of Pocket Cost Flexible Spending Account Health Insurance 111

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. Distributions from an HSA to pay for qualified medical expenses are tax-free.

Health Insurance 43

Health Insurance Insurance Out of Pocket Cost Health Savings Account 43

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. Employees are seeking more than just medical coverage; they are looking for a comprehensive approach to their well-being , both inside and outside the workplace.

Health Insurance 52

Health Insurance Employee Benefits Insurance 401(k) 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

Benefit Resource Inc.

OCTOBER 16, 2018

Medical FSA. A Medical Flexible Spending Account (Medical FSA) allows you to use tax-free money to pay for your family’s medical expenses. There are no specific health insurance requirements to have a Medical FSA. Download: Why Do I Need a Medical FSA? Health Savings Account.

Health Savings Account 55

Health Savings Account Flexible Spending Account Flexible Spending Medical 55

Insperity

FEBRUARY 13, 2018

Start by offering a solid benefits package that includes a great portfolio of health insurance options to choose from. This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more.

401(k) 77

401(k) Disability Insurance Flexible Spending Account Deductions 77

Higginbotham

JANUARY 12, 2024

When considering the three main types of health accounts (HRAs, HSAs and FSAs), it’s important to understand their pros and cons before deciding what to offer your employees. What are health accounts? Unexpected medical costs are a major source of financial stress for many people, especially for emerging talent on your team.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductible Deductions 52

Insperity

FEBRUARY 3, 2011

Although most businesses in a HR outsourcing arrangement take advantage of health insurance benefits, many other offered benefits, such as retirement plans and flexible spending accounts are ignored. Employees can save significantly by using pre-tax dollars to pay for medical expenses and even child care.

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Retirement Plan Employee Loyalty 52

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. For example, with an FSA you can use pre-tax dollars to pay for qualifying medical expenses and dependent care.

Employee Benefits 52

Employee Benefits Flexible Spending Account Flexible Spending Health Savings Account 52

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!

Employment 90

Employment Deductions Deductible Benefit Providers 90

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.

Employee Benefits 52

Employee Benefits Family and Medical Leave Act Disability Insurance Paid Sick Leave 52

Benefit Resource Inc.

MARCH 12, 2019

When employees sign up for benefits like health insurance and pre-tax benefits. When you set an election with a Flexible Spending Account, the amount is locked in for the year. It makes it sound like the funds in the account are an extra allowance to pay for kids’ medical expenses.

Taxes 63

Taxes Flexible Spending Account Health Savings Account Medical 63

Griffin Benefits

OCTOBER 1, 2022

Spending by Category – This reporting requirement primarily relates to medical benefits, not prescription drugs offered under the prescription drug portion of the plan. Additionally, account-based plans, like health reimbursement arrangements (HRAs) and health care flexible spending accounts (FSAs), are not required to report.

Insurance Carriers 67

Insurance Carriers Employment Flexible Spending Account Insurance 67

Higginbotham

JULY 12, 2022

Health Reimbursement Arrangement and Group Health Plan. In the simplest terms, a medical expense reimbursement plan refunds employees for covered medical costs. There are several types of health reimbursement arrangements, and they work with group health plans in different ways.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Higginbotham

NOVEMBER 28, 2022

The owner of the account can use it to pay for qualified medical expenses. It can be funded on a pre-tax basis, and the owner can use the untaxed funds for qualified medical expenses. Unlike Flexible Spending Accounts (FSAs), which are owned by employers, individuals own HSAs. What are qualified medical expenses?

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductible Deductions 52

Benefit Resource Inc.

NOVEMBER 19, 2019

One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). This type of cafeteria plan gives employees the option to enroll in an account that allows them to set aside money from their paycheck tax-free and use it for qualified medical expenses. Flex Account. Dependent Care Account.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

CorpStrat

FEBRUARY 22, 2023

A Flexible Spending Account at its core is a tool that allows an individual to set aside money to pay these out of pocket expenses with pre-tax dollars allocated for the year. 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

Winston Benefits

FEBRUARY 13, 2018

Health Insurance. Consistently seen as one of the most valued employee benefits, health insurance offerings are often generous at architecture firms. Corgan offers comprehensive medical, dental, vision and prescription drug coverage, as well as flexible spend.

Architecture 49

Architecture Employee Benefits Health Insurance Bonuses 49

Benefit Resource Inc.

NOVEMBER 19, 2019

One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). This type of cafeteria plan gives employees the option to enroll in an account that allows them to set aside money from their paycheck tax-free and use it for qualified medical expenses. Flex Account. Dependent Care Account.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

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

The Olson Group

DECEMBER 9, 2021

These include a Summary of Benefits and Coverage (SBC), privacy practices on personal health information (HIPPA), the Children’s Health Insurance Program Reauthorization Act on Health Coverage assistance (CHIPRA), Women’s Health and Cancer Rights Act (WHCRA), and COBRA General Rights and Election Notices.

Family and Medical Leave Act 52

Family and Medical Leave Act Flexible Spending Account Flexible Spending Health Insurance 52

Benefit Resource Inc.

OCTOBER 24, 2019

An out-of-pocket expense, according to HealthCare.gov , is “Your expenses for medical care that aren’t reimbursed by insurance. Now, which pre-tax account you can enroll in depends on what kind of health insurance you have. Type of Insurance Plan. Qualified high deductible health plan.

Out of Pocket Cost 45

Out of Pocket Cost Flexible Spending Account Flexible Spending Health Savings Account 45