WEX Inc.

JANUARY 2, 2025

7 basic rules of an HSA you need to know Maximize the potential of your health savings account (HSA) by mastering these 7 essential rules. Discover how to make smarter contributions, save on healthcare costs, and plan for a healthier financial future. It is not legal or tax advice.

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Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

Benefit Resource Inc.

MARCH 31, 2023

As an employee with a Health Savings Account (HSA), knowing what you need to report during tax season is important. Even though HSAs can be complex, tax reporting shouldn’t be a headache. With this information, you’ll be better equipped to tackle your HSA taxes. What are the tax benefits of an HSA?

Health Savings Account 52

Health Savings Account Taxes Healthcare Medical 52

WEX Inc.

SEPTEMBER 18, 2024

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) 52

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

Benefit Resource Inc.

MAY 15, 2024

One choice that sticks out in the ever-changing world of employee benefits for both employers and employees is a Health Savings Account (HSA). HSAs present a special chance to successfully address healthcare needs while constructing a solid financial future.

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Health Savings Account Healthcare Benefits Package Taxes 52

Best Money Moves

OCTOBER 22, 2024

It’s clear that financial burnout is taking a significant toll on the overall health of American employees , yet many workplaces still struggle with how to effectively curb the issue. Healthcare costs and employee financial burnout Many workers face especially high anxiety over healthcare costs.

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WEX Inc.

SEPTEMBER 4, 2024

Assess your annual expenses Understanding your annual healthcare expenses is a fundamental step in selecting the right health plan. If you rarely require medical care and prefer to save on monthly premiums, a plan with a higher deductible and lower premiums might be suitable.

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WEX Inc.

MARCH 7, 2023

The season for filing taxes is upon us once again. We wanted to share a few tips and reminders about the health savings account (HSA) information you’ll need for your tax return. It also shows pre-tax contributions made to your account by you and your employer through payroll deductions.

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Benefit Resource Inc.

APRIL 7, 2023

Since April is Stress Awareness Month, we’ve highlighted five pre-tax benefit services and resources to keep your stress levels low and your health levels high. But you can keep your funds, ID and mental health safe by signing up for ID Theft Services. Sign up for free* BRIALERTS today.

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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?

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Health Savings Account Deductible Deductions Healthcare 98

WEX Inc.

NOVEMBER 27, 2024

You must be enrolled in an HDHP to be eligible to participate in a health savings account (HSA). PPOs are a common type of traditional health plan. Traditional Health Plan Calculator , which lets you input your annual doctor visit and prescription expenses to see the plan that’s right for you. What’s a PPO?

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Deductible Deductions Health Savings Account Flexible Spending Account 52

Flimp Communications

JUNE 24, 2020

But tips for saving money around healthcare can contribute to improved financial health. Second, the tax code can subsidize your medical costs. But even if you don’t, health savings accounts (HSAs) allow you to save money, tax free, to be spent on healthcare.

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Flimp Communications

OCTOBER 30, 2024

Health savings accounts (HSAs) are amazing tools for addressing the triple pillars of modern anxiety: money, health, and uncertainty about the future. Their tax advantages and investment potential can help employees reduce healthcare costs, save for retirement, and maximize tax refunds.

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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.

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Health Savings Account 401(k) Retirement Plan Taxes 52

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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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.

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Benefit Resource Inc.

JANUARY 3, 2023

Whether you’re looking to retire, advance your career, or prioritize your health, now is the perfect time to start planning your journey. If you’re in the 70% of people who have health-related goals for 2023, let’s take a look at how pre-tax benefits can help set goals and prioritize your health this year and beyond.

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HR Lineup

MAY 11, 2023

Employers can choose from a range of pre-tax benefits, including health insurance, dental insurance, vision insurance, and other types of benefits. PeopleKeep also provides flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and health savings accounts (HSAs) to help employees save money on healthcare expenses.

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Flexible Spending Account Health Savings Account Benefits Package Flexible Spending 130

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.

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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. HSA contributions made through payroll are not subject to the 7.65% FICA tax. Why HSAs for retirement planning? Yes,” Cook said.

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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. All three accounts provide potential tax savings.

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401(k) Retirement Plan Health Savings Account Deductible 96

Benefit Resource Inc.

OCTOBER 11, 2018

What is a pre-tax benefit account? A pre-tax benefit account allows you to set aside money from your paycheck before taxes to use for IRS-approved purchases. The items you can pay for through a pre-tax benefit account depends on which plan(s) you have. Health Savings Account.

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Taxes Health Savings Account Medical Deductible 74

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.

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Health Savings Account Healthcare Taxes Flexible Spending 40

Best Money Moves

DECEMBER 9, 2024

This added stress can drastically affect an employees finances, especially if they do not have an adequate amount saved and now, companies are providing solutions. Companies are helping employees make their healthcare costs more manageable through effective healthcare benefits.

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roth 401(k) 401(k) Benefits Package Paid Leave 52

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.

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Health Savings Account Deductible Deductions Healthcare 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

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. The tax savings are significant.

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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. They are a beneficial addition to your employee benefits because of the flexibility and tax advantages they provide. Fewer accounts mean fewer forms and less paperwork to deal with.

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Health Savings Account Healthcare Taxes Finance 101

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. It is not legal or tax advice.

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Business Management Daily

JUNE 29, 2022

Aside from transportation costs, tax-free reimbursements for employees’ medical travel are limited to $50 per person a day for lodging; meals aren’t included. 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.

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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. Provide coverage for mental health care services.

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Employee Benefits Family and Medical Leave Act PTO Flexible Spending Account 72

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.

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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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Deductible Deductions Healthcare Flexible Spending Account 98

BerniePortal

JANUARY 22, 2020

Trying to beat the tax time rush? Mid-January marks the start of tax season! Now's a good time for HR to advise employees to review paycheck withholdings and health care items. Along with the new W-4, the IRS has updated its online tax withholding estimator. Review Health Savings Account.

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Taxes Health Savings Account Health Insurance Medical 64

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

Benefit Resource Inc.

JANUARY 3, 2022

Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). Benefit Resource (BRI) is here to help you use your pre-tax funds to combat some of the costs that come with welcoming your new addition. Switch to a high-deductible health plan. Let’s Start from the Beginning.

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Taxes 401(k) Out of Pocket Cost Health Savings Account 72

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. What you can do: Address this concern by emphasizing the savings potential of an FSA. It is not legal, financial, or tax advice. Drive wellness that works Get your guide.

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WEX Inc.

AUGUST 10, 2023

You might be surprised to learn that your health savings account (HSA) and medical flexible spending account (FSA) can help you save on purchases of a variety of back-to-school, expenses, including: Thermometers. It is not legal, financial, or tax advice. OTC medicines. Allergy testing.

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