InterWest Insurance Services

NOVEMBER 25, 2022

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. Retirement plan maximums.

401(k) 98

401(k) Deductions Deductible Flexible Spending Account 98

Benefit Resource Inc.

DECEMBER 8, 2023

The idea was to combine a high-deductible health plan (HDHP) with a tax-advantaged savings account, allowing individuals to set aside pre-tax dollars for qualified medical expenses. Contributions are tax-deductible, earnings grow tax-free, and withdrawals for qualified medical expenses are also tax-free.

Health Savings Account 98

Health Savings Account Flexible Spending Account Healthcare Taxes 98

Griffin Benefits

MARCH 16, 2022

For instance, many benefits plans have employee assistance programs (EAPs) with financial wellness resources that cover legal services and caregiving services that can help alleviate financial stress. The pieces that comprise healthcare and retirement plans, voluntary benefits, and EAPs are connected.

Flexible Spending Account 89

Flexible Spending Account Retirement Plan Health Savings Account Voluntary Benefits 89

WEX Inc.

FEBRUARY 23, 2023

And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. In fact, staying on top of your health savings account (HSA) , flexible spending account (FSA) , or any other plan you signed up for throughout the year can pay off for you.

Flexible Spending Account 98

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

Benefit Resource Inc.

NOVEMBER 29, 2023

.” — Unknown Benefits hack #1: COBRA + HSA = Early Retirement Are you anxiously awaiting your 65th birthday so you can retire and enroll in Medicare? You have a healthy retirement plan with a 401K, but lack options for comprehensive group medical benefits. could be your new target retirement age.

401(k) 98

401(k) Medical Retirement Plan Health Savings Account 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. Cafeteria Plan benefits often include.

Employee Benefits 86

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

Insperity

APRIL 16, 2015

Typically, with PEO-sponsored benefit plans, your employees will have access to a wider variety of benefits than your company could obtain on its own.

Payroll 109

Payroll Flexible Spending Account Disability Insurance Insurance 109

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

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 62

Flexible Spending Account Flexible Spending Retirement Plan Employee Loyalty 62

Benefits Notes

NOVEMBER 21, 2023

On November 1, 2023, the Internal Revenue Service (IRS) released Notice 2023-75 , which sets forth the 2024 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. The 2023 limits are provided for reference.

401(k) 52

401(k) Health Savings Account Retirement Plan Deductions 52

WEX Inc.

SEPTEMBER 12, 2023

Keep these factors in mind: Medical needs: Estimate your medical needs for the coming year. Do you anticipate regular doctor visits, ongoing prescriptions, or any planned medical procedures. Watch the video to hear more from our own Jason Cook about the retirement-planning potential of an HSA.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

WEX Inc.

APRIL 24, 2023

That’s a critical first step when weighing your choice of an HDHP versus a PPO or another type of traditional health plan. If you don’t anticipate you (or your family) will require a lot of medical care in the coming year, it may make sense to participate in an HDHP so you can save money by paying less in premiums.

401(k) 52

401(k) Health Savings Account Deductions Deductible 52

Insperity

FEBRUARY 13, 2018

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. Promote the money-saving value of a flexible spending account.

401(k) 81

401(k) Disability Insurance Flexible Spending Account Deductions 81

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

Higginbotham

OCTOBER 14, 2022

For workers with conditions that last for more than about a week, this can be a serious concern, and while the Family and Medical Leave Act provides guaranteed job protection, it does not guarantee pay. Retirement Plans. They’re also trying to save for their future retirement. Other Key Benefits.

Employee Benefits 52

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

Benefits Notes

OCTOBER 28, 2020

On October 26, 2020, the Internal Revenue Service (IRS) released Notice 2020-79 , which sets forth the 2021 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. Medical FSA. 3,550/$7,100. 3,600/$7,200. HDHP Minimum Deductible Limits. 1,400/$2,800. 6,900/$13,800.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Corporate Synergies

AUGUST 6, 2018

Employers that have gone the HDHP route typically offer a qualified plan that includes a health savings account to help pay for qualifying medical expenses tax-free. But there’s a great chance that if you offer a high deductible health plan with an HSA, your employees aren’t crystal clear on the benefits of the health savings account.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Insperity

APRIL 26, 2018

As a co-employer, the PEO is able to offer a wide variety of benefits to your employees through PEO-sponsored benefit plans, such as medical, dental and vision coverage, a healthcare flexible spending account, and life and disability benefits. Retirement plans.

401(k) 75

401(k) Professional Employer Organization Workers’ Compensation Payroll Service 75

Empuls

JULY 11, 2023

They can range from health insurance coverage to retirement plans, flexible spending accounts, transportation benefits, education assistance, and more. Contributions to HSAs are made on a pre-tax basis, and the funds can be used to pay for qualified medical expenses.

Employee Benefits 40

Employee Benefits Flexible Spending Account roth 401(k) 401(k) 40

Higginbotham

OCTOBER 5, 2023

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. The Evolution of Employee Benefits Employee benefits have come a long way since the days of basic health insurance coverage with a savings retirement plan thrown in.

Health Insurance 52

Health Insurance Employee Benefits Insurance 401(k) 52

Genesis HR Solutions

AUGUST 9, 2018

Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. 401(k) and retirement plans. Common Employee Benefits.

Employee Benefits 40

Employee Benefits 401(k) Health Insurance Insurance Carriers 40

Insperity

NOVEMBER 26, 2024

For example, some employers are adopting health plans that cover, or at least provide some reimbursement for, reproductive health. Add health savings accounts and flexible spending accounts. Incorporate plans with virtual care solutions (telehealth appointments) to give employees time savings and convenience when seeking care.

Employee Benefits 86

Employee Benefits Family and Medical Leave Act PTO Flexible Spending Account 86

Genesis HR Solutions

SEPTEMBER 22, 2020

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Flexible Spending Account (FSA).

401(k) 98

401(k) Employee Benefits roth 401(k) Disability Insurance 98

Vantage Circle

NOVEMBER 23, 2023

These incentives span a wide array, from health benefits and retirement plans to flexible work arrangements, financial bonuses, and professional development opportunities. Comprehensive medical, dental, and vision insurance plans offer peace of mind. percent and 36.1 percent, respectively.

Family and Medical Leave Act 64

Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 64

Business Management Daily

SEPTEMBER 15, 2021

Despite the emergence of the healthcare marketplace, people still look to their employer as the first and most cost-effective choice for medical insurance. Medical plans with no or low-cost deductibles. A survey shows that many employers are increasing the amount they spend on telemedicine. Retirement plans.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Insperity

MARCH 12, 2024

Health insurance Health insurance aims to assist employees with the costs of obtaining medical care. This is one of the most critically important benefits to employees, given the generally high costs associated with medical care. Retirement plans Employees want to be able to save for retirement and plan for their futures.

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits PTO 401(k) 59

Genesis HR Solutions

MAY 2, 2023

TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( This cheat sheet explains several common human resource acronyms. This cheat sheet explains several common human resource acronyms.

Family and Medical Leave Act 52

Family and Medical Leave Act 401(k) Flexible Spending Account Health Savings Account 52

Benefits Notes

MARCH 31, 2021

Plans Subject to the ARPA Rules. All group health plans that provide major medical benefits subject to federal COBRA rules are subject to the ARPA COBRA rules. This includes self-funded and fully-insured plans, multi-employer plans, and governmental employer plans. Individuals Eligible to Receive Subsidy.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Taxes Pension 40

WEX Inc.

MARCH 31, 2025

Some of the most common pre-tax benefits include: Health savings accounts (HSAs) Flexible spending accounts (FSAs) Commuter benefits Dependent care FSAs Retirement plan contributions (401(k)) Each of these benefits provides unique tax advantages that can make a big difference at tax time.

401(k) 52

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

WEX Inc.

MARCH 4, 2025

Not be covered by any other health plan that would disqualify them from an HSA (for example, a spouses plan or a medical flexible spending account). Hundreds of expenses are considered eligible for HSA funds, including bandages, first-aid kits, and copays for medical, dental, or vision appointments.

Health Savings Account 59

Health Savings Account Flexible Spending Account Taxes Deductions 59

Vantage Circle

FEBRUARY 26, 2025

For instance, contributions to health insurance premiums and retirement plans can be tax-deductible for employers, while employees may receive these benefits tax-free. Without employer-sponsored coverage, workers may struggle with high medical costs, leading to stress and decreased productivity.

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits Disability Insurance Benefits Package 59

Flimp Communications

OCTOBER 25, 2024

Financial Wellness Email Template #3: End-of-Year HSA/FSA Spending Reminders The typical employee with a flexible spending account (FSA) loses between $339 and $408 per year in contributions by not spending their pre-tax dollars before the deadline. Your balance will expire after that.

roth 401(k) 52

roth 401(k) 401(k) Flexible Spending Account Taxes 52