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Top 10 Employee Benefits Certifications for Professionals in 2024

HR Lineup

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.

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4 considerations when choosing employee benefits for the first time

WEX Inc.

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. HRAs provide an extra layer of financial support for medical needs beyond insurance coverage. Funds you or your employer contribute to your HSA can help with this.

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Flexible Spending Account Contribution Limit Climbs

InterWest Insurance Services

The IRS recently announced that the annual contribution limit for flexible spending accounts will rise to $3,200 in 2024, up $150 from this year. Also, employees will be able to carry over up to $640 next year into 2025 if they have funds left over in their account, if their employer allows it (it’s optional).

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Support your employees’ fertility benefit needs with an HSA or FSA

WEX Inc.

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?

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IRS Loosens Preventive Care Coverage Rules

InterWest Insurance Services

Under notice 2024-71, flexible spending arrangements, health reimbursement accounts and health savings accounts will be required to reimburse for the cost of condoms. If you are a self-insured employer, you should ensure that your third party administrator is aware of the changes to coverages by HDHPs.

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HSA vs. FSA: See how you’ll save with each

WEX Inc.

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. You must be enrolled in a high-deductible health plan (HDHP) to be eligible, which lowers you insurance premiums. Health savings account funds can be invested for potential growth of your HSA funds.

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Non-discrimination testing: Stay compliant with FSAs, HRAs, and more

WEX Inc.

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).