Remove Flexible Spending Remove Healthcare Remove Take Home Pay
article thumbnail

5 ways to alleviate your employees' hesitations with choosing in an FSA

WEX Inc.

Flexible spending accounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. Some individuals may be wary of reducing their take-home pay, especially if they are already on a tight budget.

article thumbnail

Increase Your Financial Well-Being Through Medical Savings

Benefit Resource Inc.

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). HSAs and FSAs also offer flexibility in how you use your funds. What is an HSA?

Medical 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is a cafeteria plan? (Hint: It’s not related to lunch)

Benefit Resource Inc.

One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). It is not uncommon for an employer to offer a POP Plan and a Flexible Spending Account to employees at the same time. Finally, the last type of cafeteria plan is a Dependent Care flexible spending account.

article thumbnail

6 Key HSA Benefits to Communicate to Employees

Flimp Communications

Their tax advantages and investment potential can help employees reduce healthcare costs, save for retirement, and maximize tax refunds. HSAs Are Not the Same As FSAs Some of the confusion around HSAs may be rooted in their association with flexible spending accounts (FSAs). FSAs, on the other hand, are meant for spending.

article thumbnail

What is a cafeteria plan? (Hint: It’s not related to lunch)

Benefit Resource Inc.

One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). It is not uncommon for an employer to offer a POP Plan and a Flexible Spending Account to employees at the same time. Finally, the last type of cafeteria plan is a Dependent Care flexible spending account.