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Five examples are tax-loss harvesting, Roth IRA conversions, qualified charitable contributions (age 70½ +), setting up a donor advised fund, and increased contributions to a tax-deferred retirement savings plan, health savings account or HSA (if eligible), or flexiblespending account or FSA (if available).
In this post, I continue my discussion of tips from webinars, podcasts, and virtual conferences that I heard during the last quarter of 2021. Decumulate Carefully- Consider a webinar speaker’s observation that spending down accumulated savings in retirement is more complex and has higher stakes than saving during working years.
Below are six tax-saving ideas gleaned from recent webinars and research for my book: Look Toward the Future - Absent new tax legislation, the Tax Cuts and Jobs Act is scheduled to sunset after 2025, tax rules will return to what they were in 2017, and tax rates will be higher than they are right now.
PeopleKeep also provides flexiblespending accounts (FSAs), health reimbursement arrangements (HRAs), and health savings accounts (HSAs) to help employees save money on healthcare expenses. Employers can choose from a range of pre-tax benefits, including health insurance, dental insurance, vision insurance, and other types of benefits.
Schedule workshops or webinars to break down complex topics like: Health savings accounts (HSAs) Flexiblespending accounts (FSAs) Retirement planning options Emphasize the total rewards picture Highlight how your benefits program fits into your companys total rewards strategy.
The platform also offers a flexiblespending account (FSA) option, allowing employees to set aside pre-tax dollars for eligible medical and dependent care expenses. The platform also offers a wide range of resources, including tutorials, webinars, and articles, to help companies get the most out of their benefits offerings.
Sign up for our webinar. In previous articles, we have covered several strategies for demystifying HSAs , HDHPs, and similarly confusing tax-advantaged programs like flexiblespending accounts (FSAs). Money is on their minds. Related: Want to improve employee financial wellness? Explanatory videos.
FSA and HSA: By taking advantage of programs like FlexibleSpending Accounts (FSAs) and Health Savings Accounts (HSAs), employees can allocate a portion of their pre-tax earnings to cover essential health-related expenses. Nutritional Workshops: Host workshops or webinars on healthy eating, cooking, and meal planning.
Join Benefit Resource (BRI) for our webinar ‘‘Leverage Employee Insights for a Strategic Approach to Health Accounts ‘ on Tuesday, February 14th at 1:00 PM EDT. BRI is offering a new Health Account Outlook Series, which will run from February 2023 through April 2023. Making the moments matter. How to effectively drive desired behaviors.
Register for webinar The post Register for our Upcoming Webinar: Benefits in Turbulent Times: Impact of the End of the Pandemic appeared first on BRI | Benefit Resource. What ‘relief’ is ending and what is the new norm? What do employers and employees need to know? How can you adapt for a post-pandemic state?
In our latest webinar, we discussed the most recent legislative changes rolled out by Congress in the American Rescue Plan Act. FlexibleSpending Accounts are not eligible for subsidy. Many of them affected pre-tax benefits plan and continuation coverage, also referred to as COBRA. What is the subsidy period? When will it end?
Join Benefit Resource (BRI) for our webinar, Tuesday, April 26th at 11 am EDT. Register for our webinar today! Register for webinar. The post Register for Our Upcoming Webinar: How to Keep Participants Informed All Year Long appeared first on BRI | Benefit Resource.
Join Benefit Resource (BRI) for our webinar, Tuesday, September 20th at 2:00 pm EDT. Join BRI and Kinside for a data-driven webinar, The Child Care Landscape: Family Challenges and Employer Solutions. register for webinar. register for webinar.
Join Benefit Resource (BRI) for our webinar, Thursday, June 2nd at 11 am EDT. In this 45-minute webinar, we will explore some of the key legislative and regulatory issues affecting employee benefits, including: 1) No Surprises Act & Price Transparency Rules. Register for our webinar today! Register for webinar.
Flexiblespending accounts (FSAs) allow your employees to use pre-tax dollars to cover eligible out-of-pocket healthcare expenses, providing a tax-efficient way to manage medical costs and helping you and your employees save money. Resource availability : Provide educational materials like webinars, one-page handouts, and short videos.
The Role of Employee Benefits Employee benefits, such as Health Savings Accounts (HSAs), FlexibleSpending Accounts (FSAs), Commuter Plans, and Specialty Accounts emerge as valuable tools in the toolbox of employers seeking to support their workforce during times of inflation.
FSA benefit plans: Flexiblespending accounts also allow employees to set aside pre-tax dollars to cover qualified healthcare or dependent care expenses. Webinars or meetings can be helpful. It’s a good idea to host some open enrollment information sessions during work hours, either in the office or in webinar format.
From flexiblespending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. Know Your Pre-Tax Benefit Options Flexiblespending accounts (FSAs): An FSA allows you to set aside pre-tax dollars for eligible healthcare expenses.
Use various communication channels such as emails, webinars, and even mobile apps to reach employees in a way that suits their preferences and schedules. Host webinars, workshops, or Q&A sessions where employees can ask questions and receive immediate answers. Offer Choice and Flexibility Employees value choice and flexibility.
Timeline Considerations for Consumer-Directed Benefit Plans Participants with a runout period that expired on or after March 1, 2020, received an extended period of time to submit claim reimbursements for eligible expenses from their FlexibleSpending Accounts (FSA). Interested in learning more?
Sign up for our webinar (details below). While the country pursues a decision on the CARES Act, employers pursue answers for their employees. As a benefits professional, find out how you can help your employers and what a “new normal” may entail.
If applicable, provide information on FlexibleSpending Accounts (FSAs) and Health Savings Accounts (HSAs) and how employees can contribute. Emails, printed materials, small group meetings, office hours, webinars, and utilizing other management leaders all should be considered as good ways to disperse information. Set alerts.
For more information on the new relief affecting FSAs and how to address them, register for our webinar this Thursday, May 14th at 11am ET: How COBRA and Health Plan Deadlines are Affected During the COVID-19 Pandemic. . We are aware these are unprecedented and sudden changes.
As year-end draws closer, countless employees unknowingly leave money on the tablemoney theyve set aside for healthcare through their FlexibleSpending Accounts (FSAs). Workshops and webinars : Host Q&A sessions to clarify FSA rules and provide actionable tips.
Creating a flexiblespending program with clearly defined eligible expenses ensures support reaches employees quickly while maintaining appropriate oversight. Partner with disaster-response experts to provide recorded webinars on topics like insurance claims, disaster recovery and emotional resilience.
Here is what you should know: Temporary Special Rules for Health and Dependent Care FlexibleSpending Arrangements. Mid-Year Election Changes: The Act permits plans to allow employees to prospectively change their health or dependent care flexiblespending arrangement elections without a change in status at any time in 2021.
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