Benefit Resource Inc.

FEBRUARY 23, 2023

Health Savings Accounts (HSAs) are tax-advantaged accounts that allow you to pay for medical expenses now and in the future. Whether you already have an HSA or are looking at this account for the first time, BRI is here to share why we love this account so much. HSAs Are Not Use-It-Or-Lose.

Health Savings Account 52

Health Savings Account 401(k) Retirement Plan Taxes 52

WEX Inc.

NOVEMBER 14, 2024

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses. The post HSA vs.

401(k) 98

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

WEX Inc.

OCTOBER 2, 2024

Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement. FSAs are employer-owned, meaning you may lose the funds if you change job or health plans.

Employee Benefits 98

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 98

WEX Inc.

MARCH 16, 2023

How much should I contribute to my health savings account (HSA) each month? If you’re covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $3,650 per year (in 2022) into your health savings account (HSA). What is an HSA?

Health Savings Account 98

Health Savings Account Deductible Deductions Healthcare 98

WEX Inc.

JULY 9, 2024

Does your health savings account (HSA) have enough funds to carry you through the second half of the year? Does my HSA have enough to cover upcoming healthcare costs? Unexpected: While these costs can be difficult to predict, always account for an unplanned trip to the emergency room or urgent medical procedure.

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Health Savings Account Healthcare Medical Taxes 98

PeopleKeep

MARCH 14, 2022

Many organizations provide a health savings account (HSA) to their employees to offset rising healthcare costs. While HSAs are employee-owned accounts, many employers wonder if they can contribute to their employees’ HSAs, and—if so—how much. But employer contributions to HSA rules can be challenging to manage.

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Health Savings Account Employment Benefits Package Healthcare 98

Benefit Resource Inc.

DECEMBER 8, 2022

It’s the 19th birthday of Health Savings Accounts (HSAs), and they have been a game-changer in healthcare. They are one of the most powerful tools available to employers, employees, and their families when saving on healthcare costs. Let’s take a look at how these accounts can help your business.

Health Savings Account 40

Health Savings Account Healthcare Taxes Flexible Spending 40

PeopleKeep

JULY 10, 2024

Healthcare costs can be a major concern for many employers and employees. Health savings accounts (HSAs) and traditional health insurance plans are two common options for managing healthcare expenses, but they have some key differences. In this article, we'll go over how HSAs and health insurance compare.

Health Insurance 95

Health Insurance Insurance Health Savings Account Healthcare 95

WEX Inc.

OCTOBER 4, 2023

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses.

401(k) 98

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

Business Management Daily

JUNE 29, 2022

Employees can use health savings accounts to cover the cost and you can contribute to those, too. However, HSAs must be paired with high-deductible health plans. The post The impact of Dobbs on employer provided healthcare appeared first on Business Management Daily. The high deductibles continue to apply.

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Family and Medical Leave Act Healthcare Employment Medical 92

WEX Inc.

MAY 2, 2024

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.

Health Savings Account 98

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

WEX Inc.

JULY 24, 2023

And it’s a solution you might already be offering: the health savings account. These accounts provide another way for your employees to diversify their efforts to prepare for retirement. A 401(k) is a tax-deferred account where individuals do not pay income taxes on amounts contributed,” Cook said.

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

WEX Inc.

SEPTEMBER 14, 2023

It’s your best chance to evaluate your healthcare needs and identify opportunities to better support yourself and your family. If you’re one of that majority, you may be missing out on multiple ways to save, either through the health plan you choose or through the benefits you enroll in.

401(k) 98

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

PeopleKeep

FEBRUARY 9, 2022

A health savings account (HSA) is an employee-owned account designed to set aside pre-tax money to pay for qualified medical expenses such as deductibles, copayments, coinsurance, and other out-of-pocket expenses included in IRS publication 502.

Health Savings Account 98

Health Savings Account Deductions Deductible Healthcare 98

WEX Inc.

JUNE 13, 2024

The average 65-year-old couple retiring today will need $351,000 to cover healthcare and medical costs in retirement. And even though Medicare helps pay for the healthcare needs of 63 million people, most recipients still spend thousands each year on out-of-pocket expenses. Will you retire in Florida, or at a cabin in the woods?

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401(k) Retirement Plan Health Savings Account Deductible 96

PeopleKeep

MAY 20, 2021

As healthcare costs continue to rise , small employers need a way to offer their employees a competitive health benefit to compete with larger organizations while still managing a limited budget. In fact, Willis Towers Watson’s Best Practices in Health Care survey reports 84% of employers offered an ABHP in 2019.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Healthcare 98

WEX Inc.

MAY 8, 2023

This could be because employees newer to the workforce have less health concerns and want to pay a lower premium each month because they’re on a stricter budget. HDHPs can actually be a great healthcare saving option for employees of all ages.

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Deductions Deductible Health Savings Account Employee Enrollments 97

Employee Benefit News

JULY 16, 2024

Employers can give their workforce a new outlook on the benefits of health savings accounts.

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Health Savings Account Employment Employee Benefits Healthcare 104

BerniePortal

JUNE 23, 2020

For healthcare, one of the most common questions that may come up is the difference between health savings accounts (HSAs) and flexible spending accounts (FSAs). Discover the meaning behind both—and why they matter.

Flexible Spending Account 83

Flexible Spending Account Health Savings Account Flexible Spending Healthcare 83

WEX Inc.

OCTOBER 9, 2024

Health savings accounts (HSAs) and flexible spending accounts (FSAs) are often misunderstood, despite their significant financial advantages. It’s time to clarify the ins and outs of these tax-saving healthcare accounts and answer some HSA and FSA FAQs. Eligible expenses: What can you spend on?

Flexible Spending Account 95

Flexible Spending Account Health Savings Account Flexible Spending Taxes 95

Benefit Resource Inc.

SEPTEMBER 7, 2023

HSAs (Health Savings Accounts) are an excellent tool for controlling healthcare costs and setting up money for the future. We’ll go over the benefits, how-tos, and whys of HSA rollovers in this tutorial, making it more straightforward for workers like you to manage your healthcare spending.

Health Savings Account 101

Health Savings Account Healthcare Taxes Finance 101

HR Lineup

SEPTEMBER 19, 2021

The advancing technology has brought about positive changes in the healthcare industry. It’s now easier for patients to access cutting-edge services, which in return have boosted the overall effectiveness of health services. This includes providing the best medical insurance for patients to fully benefit from various health centers.

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Healthcare Software Medical Health Savings Account 52

CorpStrat

DECEMBER 7, 2022

But even if this is the case, most Americans don’t realize they can comparison shop to make sure they’re getting the best price for their healthcare services. Paying more for healthcare doesn’t necessarily mean higher quality service or better outcomes. According to Healthcare Bluebook data, U.S. Educate Employees. Conclusion.

Healthcare 52

Healthcare Health Savings Account Hospitality Health Insurance 52

WEX Inc.

MAY 31, 2023

For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are opportunities to save money on these expenses. Using your HSA or FSA to pay for teeth cleaning can be a smart way to maximize your healthcare dollars while taking care of your oral health.

Medical 98

Medical Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

MAY 12, 2023

There are a variety of ways you can promote mental health in the office , and one way is to provide benefits that support your employees' needs. For example, your employees can use their health savings account (HSA) to improve their financial wellness and save money on a variety of mental health-related expenses.

Health Savings Account 98

Health Savings Account Medical Retirement Plan Taxes 98

WEX Inc.

AUGUST 15, 2023

For first-time health insurance and benefits electees, we’re kicking off a three-part blog series just for you to walk through considerations when making these decisions. For starters, let’s look at a few considerations when evaluating health plans for the first time. Consider whether you typically have low or high medical expenses.

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WEX Inc.

MARCH 7, 2023

We wanted to share a few tips and reminders about the health savings account (HSA) information you’ll need for your tax return. WEX's HSA participants can find the tax forms related to their HSA under the “Message Center” tab of their online account. The season for filing taxes is upon us once again.

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Taxes Health Savings Account Deductible Deductions 98

PeopleStrategy

JULY 8, 2019

According to a recent survey , 35 percent of employees don’t understand their healthcare coverage, and another 33 percent don’t understand their medical bills. And, sadly, almost two-thirds (62 percent) of survey participants said their employer is not a resource for healthcare-related questions.

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Health Savings Account Deductible Deductions Healthcare 82

Employee Benefits

JUNE 28, 2024

Following retirement (73%) and healthcare (72%), employees vary in what benefits they believe to be most key to financial wellbeing.

Retirement Plan 88

Retirement Plan Health Savings Account Health Insurance Employment 88

Employee Benefits

FEBRUARY 8, 2023

Offering employee benefits to support access to private healthcare can be cost-effective for employers in the UK, given the demands and waiting times on the NHS. Employers can negotiate preferential rates with private healthcare providers, making private healthcare more affordable for employees.

Healthcare Benefits 52

Healthcare Benefits Healthcare Health Savings Account Employment 52

HR Lineup

OCTOBER 21, 2024

Keeps professionals updated on changes in healthcare laws and compliance requirements. Best For: HR professionals, benefits administrators, and insurance agents who handle health insurance plans. It’s perfect for those who manage employee health savings programs.

401(k) 65

401(k) Employee Benefits Retirement Plan Health Savings Account 65

Benefit Resource Inc.

APRIL 7, 2023

Price Transparency Unearthing the price of health-related items is often more difficult (and frustrating) than it should be. But with price transparency tools like GoodRx and Healthcare Bluebook , you can find the product you need at a price that’s clear at the start.

Taxes 98

Taxes Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

NOVEMBER 21, 2024

Many employees now prioritize flexibility in healthcare, retirement savings, and wellness programs. Beyond the traditional 401(k) match , some employers are introducing student loan repayment matching , helping employees reduce debt while saving for retirement.

Employee Benefits 59

Employee Benefits 401(k) Employment Health Savings Account 59

Benefit Resource Inc.

APRIL 20, 2023

This is a great opportunity to review your expenses and ensure you’re taking advantage of all the ways you can save on healthcare expenses. Additionally, your employer may offer seminars or workshops on topics like eligible expenses, tax savings, and healthcare planning.

Out of Pocket Cost 83

Out of Pocket Cost Flexible Spending Account Flexible Spending Health Savings Account 83

BerniePortal

JUNE 17, 2020

The IRS has released the 2021 cost-of-living adjusted limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs).

Health Savings Account 94

Health Savings Account Deductions Deductible Healthcare 94

WEX Inc.

SEPTEMBER 7, 2023

Flexible spending accounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. The graphic below is an example of how an FSA will actually increase a participant’s cash flow by showing them how much they’ll save.

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Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

Benefit Resource Inc.

JANUARY 16, 2020

Health Reimbursement Accounts: The White House projects that HRAs will ultimately be offered to 11 million employees, with a net gain in health coverage for 800,000 Americans. American Future Healthcare Act: Provides various enhancements to make health savings accounts more accessible and easier to use.

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Health Savings Account Flexible Spending Account Flexible Spending Taxes 73