WEX Inc.

JANUARY 14, 2025

Utilize multiple channelsemail, intranet, video tutorials, and town hall meetingsto ensure employees understand: Key changes to the benefits plan Enrollment deadlines Tools available to help them make informed decisions Consider leveraging AI-driven communication tools to personalize messages and answer common questions in real time.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Retirement Plan 52

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. ” Costs are more manageable when you use providers that are in your plan’s network. Traditional Health Plan Calculator today!

Deductions 52

Deductions Deductible Health Savings Account Flexible Spending Account 52

WEX Inc.

JANUARY 8, 2025

And just because you have an entire plan year ahead doesnt 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 52

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

WEX Inc.

JUNE 13, 2024

How is your HSA vs. your 401(k) vs. your IRA shaping up for retirement planning? Retirement planning is a lot easier when you imagine what you want it to be like. Will you retire in Florida, or at a cabin in the woods? Would you like to learn more about HSAs and retirement planning?

401(k) 96

401(k) Retirement Plan Health Savings Account Deductions 96

HR Lineup

SEPTEMBER 19, 2021

HealthEquity is a unique company that administers Health Savings Accounts (HSAs) as its core product. Also, they have a range of other consumer-directed benefits that are all linked around health and wealth. To date, there are more than 12 million accounts at HealthEquity through a range of different employers.

Healthcare 130

Healthcare Software Medical Health Savings Account 130

Best Money Moves

DECEMBER 9, 2024

Financial wellness programs offer customized resources that provide essential information regardless of age or income level. According to Mercers Survey on health & benefit strategies for 2025 , almost 70% of surveyed companies are or are planning to offer financial wellness programs in their benefits package next year.

roth 401(k) 52

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

WEX Inc.

DECEMBER 18, 2024

With new deadlines and changing benefits compliance requirements each year, its vital to stay informed and organized. Action item: Stay informed about state laws and ensure your payroll systems align with contribution requirements. HIPAA privacy and security Protecting employees’ health information is critical.

Family and Medical Leave Act 52

Family and Medical Leave Act Flexible Spending Account Flexible Spending Insurance Carriers 52

WEX Inc.

MAY 8, 2023

HDHPs can actually be a great healthcare saving option for employees of all ages. Along with paying a lower premium, HDHPs offer financial opportunities that PPOs do not because employees can enroll in a health savings account (HSA) , but only if they’re also enrolled in an HSA-eligible HDHP.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

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

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.

SEPTEMBER 25, 2023

Employees are often more focused on frequently used benefits such as vacation and paid off policies (PTO) rather than insurance, voluntary benefits and retirement plans. Open enrollment can often feel like a firehose of information, so drips of information to reinforce messaging throughout the year can help.

Voluntary Benefits 98

Voluntary Benefits Health Savings Account PTO Retirement Plan 98

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

Insperity

MAY 13, 2013

Since the financial crisis of 2008, workers have become more aware and concerned about saving for retirement. As a result, employer-sponsored retirement plans are no longer an enticing perk, they’re an expectation. They want a plan they can brag about. So why would their retirement plan be an exception?

Retirement Plan 40

Retirement Plan Health Savings Account Banking Finance 40

Empuls

DECEMBER 24, 2024

  These benefits range from health insurance to retirement plans, paid time off (PTO), and wellness programs. Some of its key components include: Health insurance: Covers medical expenses. Retirement plans : Helps employees save for the future.

Retirement Plan 40

Retirement Plan Health Insurance Benefits Package Healthcare 40

Empuls

AUGUST 27, 2024

Retirement plans Basically, it is the retirement plans—401(k) or pension plans—through which an employee receives financial security during service years other than while serving. This category varies from different plans with several options that include PPOs, HMOs, and high-deductible health plans.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits 401(k) Benefits Package 40

Flimp Communications

MARCH 31, 2020

The long-term financial wellness of the average American worker is at risk during this health and economic crisis. Where Tax Savings and Benefits Intersect. Health savings accounts (HSAs) are great medical savings and investment tools for employees, particularly those who won’t have a ton of medical expenses year to year.

401(k) 75

401(k) Retirement Plan Medical Taxes 75

Benefit Resource Inc.

APRIL 4, 2024

As an employer or HR manager, you’re constantly seeking ways to enhance your employee benefits package, ensuring it not only attracts top talent but also supports their financial well-being throughout their careers and into retirement. One often-overlooked gem in the world of benefits is the Health Savings Account (HSA).

401(k) 52

401(k) Retirement Plan Benefits Package Deductions 52

Benefit Resource Inc.

FEBRUARY 7, 2024

A key player in the balance between health and wealth is the health savings account (HSA). Understanding HSAs Health Savings Accounts are tax-advantaged savings accounts designed to help individuals and families with high-deductible health plans (HDHPs) cover medical expenses.

Health Savings Account 52

Health Savings Account Healthcare Deductions Deductible 52

Benefits Notes

OCTOBER 24, 2022

On October 21, 2022, the Internal Revenue Service (IRS) released Notice 2022-55 , which sets forth the 2023 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. HDHP Minimum Deductible Limits. 1,400/$2,800. 1,500/$3,000. Out-of-pocket Expense Annual Maximum. 7,050/$14,100.

401(k) 52

401(k) Deductions Deductible Health Savings Account 52

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

PeopleStrategy

OCTOBER 3, 2023

What Each Generation Typically Looks For Baby Boomers (born 1946-1964) are approaching retirement age, so their benefit preferences may focus more on retirement plans, health coverage, and financial security. Ask about their benefit priorities, and use the feedback to inform your benefit offerings.

401(k) 52

401(k) Retirement Plan Parental Leave Health Savings Account 52

Benefit Resource Inc.

MARCH 23, 2021

If you have a pre-tax account and retirement is on the horizon, you’ll want to understand what happens to the funds in your account(s) once you retire. Depending on which pre-tax account you have, the treatment of your funds will vary. A few distinct advantages make HRA VEBAs an excellent retirement vehicle.

401(k) 69

401(k) Health Savings Account Retirement Plan Taxes 69

WEX Inc.

MAY 28, 2024

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 52

Health Savings Account Medical Retirement Plan Taxes 52

Business Management Daily

APRIL 29, 2024

Fringe benefits generally cover needs such as: Health and wellness Retirement planning Time off and vacation Financial offerings Work-life balance Company-sponsored fixtures and events Professional development Let’s take a look at what’s included in each category. However, there are a few categories into which they usually fall.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

WEX Inc.

SEPTEMBER 12, 2023

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. Assess your ability to cover the deductible before choosing this plan.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 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. The post Annual Limits on Qualified Plans for 2021 appeared first on Benefits Notes. 1,400/$2,800.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Benefits Notes

NOVEMBER 5, 2021

On November 4, 2021, the Internal Revenue Service (IRS) released Notice 2021-61 , which sets forth the 2022 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. The following chart summarizes the 2022 limits for benefit plans. HDHP Minimum Deductible Limits. no change).

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Corporate Synergies

AUGUST 15, 2018

1 And 66% of Baby Boomers are working past their retirement age for a variety of reasons: Some can’t afford to retire, particularly with the looming high costs of healthcare; others may choose to work longer to keep their brains active or because they fear the adjustment to a less structured lifestyle. One is retirement “back pay.”.

401(k) 40

401(k) Education Health Savings Account Employment 40

Insperity

MARCH 12, 2024

Retirement plans Employees want to be able to save for retirement and plan for their futures. The financial wellness of your workforce is especially critical given economic conditions, record-high inflation and high levels of household debt, leading many workers struggling to save enough money.

Family and Medical Leave Act 59

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

Business Management Daily

APRIL 25, 2024

Fringe benefits can include: Cash bonuses Extra vacation time Paternity leave or extended maternity leave On-site amenities Childcare Wellness plans Retirement planning services Monthly stipends for work expenses Unless they’re working in a highly competitive field, most employees expect employers to offer fringe benefits , at least on some level.

Taxes 52

Taxes Retirement Plan Employee Stock Option Bonuses 52

Business Management Daily

SEPTEMBER 15, 2021

Virtual office visits thrived during the COVID-19 pandemic as people sought a safe, quick way to obtain medical information and evaluation. Retirement plans. While salary is usually considered the star of compensation packages, employees also realize retirement plans contribute to their overall financial well-being.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Vantage Circle

SEPTEMBER 11, 2023

From personalized plan comparisons to easy enrollment and on-demand access to benefits information, this platform empowers employees to make informed decisions that align with their unique needs and lifestyles. Detailed descriptions of each platform highlight their standout features, helping readers make informed decisions.

Employee Benefits 52

Employee Benefits Payroll Retirement Plan Software 52

Empuls

FEBRUARY 26, 2024

  Offer alternative healthcare plans , such as high-deductible health plans (HDHPs) paired with health savings accounts (HSAs). These plans often provide employees with more control over their healthcare expenses and offer tax advantages.

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Retirement Plan 40

Empuls

JULY 11, 2023

By understanding the types of tax free benefits available, both employers and employees can make informed decisions that maximize their financial well-being. They can range from health insurance coverage to retirement plans, flexible spending accounts, transportation benefits, education assistance, and more.

Employee Benefits 40

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

Empuls

SEPTEMBER 25, 2023

For more information on this changing legislation, keep reading. In terms of retirement benefits, new regulations have been introduced that mandate more transparent communication about the investment options available in retirement plans and also the employer match percentages.

Family and Medical Leave Act 40

Family and Medical Leave Act Overtime 401(k) Benefits Package 40

WEX Inc.

AUGUST 7, 2024

If you are, then you have a health savings account (HSA). You’ve heard about its investment potential, and you’ve read that an HSA has retirement-planning perks that a 401(k) and IRA don’t have. And you’re investing to grow your funds so they increase at a much higher rate than they would in an HSA’s cash account.

401(k) 98

401(k) Health Savings Account Healthcare Retirement Plan 98

WEX Inc.

MARCH 4, 2025

Understanding the basic rules of a health savings account (HSA) is critical in driving employee participation. And only half of those surveyed in our Paying for Healthcare in America report said that they understand the differences among the different health spending accounts.

Health Savings Account 59

Health Savings Account Flexible Spending Account Taxes Deductions 59