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. It ensures that your pets receive the care they need without straining your finances.

Employee Benefits 98

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 98

WEX Inc.

NOVEMBER 21, 2024

Beyond the traditional 401(k) match , some employers are introducing student loan repayment matching , helping employees reduce debt while saving for retirement. Companies emphasizing mental wellness demonstrate care for their employees’ mental health, building a more resilient and engaged workforce.

Employee Benefits 104

Employee Benefits 401(k) Employment Health Savings Account 104

WEX Inc.

JULY 9, 2024

Does your health savings account (HSA) have enough funds to carry you through the second half of the year? And, if it does, is there more you could be doing to grow those funds? Perform your HSA midyear check! How does the second half of the year look? Some check their investments everyday, while others check quarterly.

Health Savings Account 98

Health Savings Account Healthcare Medical Taxes 98

WEX Inc.

OCTOBER 30, 2024

Health savings accounts (HSAs) HSA participants save money by contributing funds to their HSA pre-tax. One of the questions we asked: What benefit would you like to learn more about? The funds are then available for use on eligible expenses. Get our guide here ! It is not legal or tax advice.

Education 95

Education Health Savings Account Consulting Taxes 95

Benefit Resource Inc.

DECEMBER 21, 2022

Health savings accounts (HSAs) allow employees to save and build wealth for future medical costs. These incentives can help encourage healthy financial habits among employees while allowing them to maximize their savings potential with an HSA account. The Benefit of an HSA. How To Use an HSA.

Health Savings Account 52

Health Savings Account Taxes Medical Health Insurance 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. Contributions are the money you or your employer put into your HSA account. If you rolled over funds from one HSA account to another, you’ll need to report the rollover amount on Form 8889.

Health Savings Account 52

Health Savings Account Taxes Healthcare Medical 52

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

Money Talk

JUNE 28, 2023

Consider completing the paperwork needed to save more money from July to December in your employer’s tax-deferred retirement savings plan. Even 1% more of pay in savings adds up over time. Health Savings Account (HSA) Tweak - By mid-year, you know what you already spent for health care services through June.

Flexible Spending Account 242

Flexible Spending Account Banking Health Savings Account Taxes 242

WEX Inc.

DECEMBER 11, 2024

Fortunately, health savings accounts (HSAs) and flexible spending accounts (FSAs) cover many common winter eligible expenses you might turn to this time of year! You can use pre-tax dollars to save money on purchases such as hot/cold packs and heating pads. For some, it can significantly impact physical activity.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

Money Talk

MAY 18, 2022

2021) or 90% of current year (2022) tax liability using a W-4 form at work for job-related income tax withholding; withholding for Social Security, a pension, and required minimum distributions through account custodians; and/or quarterly estimated payments using IRS Form 1040-ES. They are a great retirement savings tool.

Taxes 263

Taxes 401(k) Deductible Deductions 263

Money Talk

APRIL 28, 2022

Health Savings Accounts - One study found that the tax savings on many employees’ contributions to a health savings account (HSA) increases wealth by more than an employer match on the same employees’ 401(k) contributions. listening to podcasts while walking). from age 62 to age 70).

401(k) 186

401(k) Health Savings Account Finance Retirement Plan 186

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. What is a dependent care FSA? Do you have multiple HSAs open?

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

WEX Inc.

SEPTEMBER 18, 2024

Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. If you rarely go to the doctor or would like to enroll in a health savings account (HSA) , an HSA-eligible health plan may be right for you!

401(k) 52

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

WEX Inc.

JULY 24, 2024

These communication tactics can be especially useful if you’re updating major health insurance options, like switching to a high-deductible health plan (HDHP) or adding a health savings account (HSA) and want to measure the outcomes of these changes. It is not legal or tax advice.

Health Savings Account 59

Health Savings Account Taxes Health Insurance Consulting 59

WEX Inc.

DECEMBER 5, 2024

Fortunately, when you participate in a health savings account (HSA) through your employer, your HSA stays with you. You have options HSA transfer If your new employer offers an HSA, you can transfer the administration of your account to your new employer’s HSA administrator. Have you recently changed employers?

Health Savings Account 52

Health Savings Account Taxes Deductible Deductions 52

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

Money Talk

AUGUST 3, 2022

Consider Tax-Saving Gifts - Only about 10% of taxpayers today can itemize deductions and it generally requires a plan to aggregate sufficient deductible expenses that exceed the standard deduction amount ($12,950 for singles and $25,900 for married couples filing jointly). Specifically, taxable investments (e.g.,

Taxes 189

Taxes 401(k) Flexible Spending Account Deductible 189

WEX Inc.

OCTOBER 15, 2024

Today, to commemorate National Health Savings Account Awareness Day (HSA Day) celebrated annually on October 15, WEX is highlighting available resources to help employers and employees better understand the impressive value of HSAs for both wellbeing and wallets. Employees can spend, save, or invest their HSAs.

401(k) 52

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

WEX Inc.

JANUARY 8, 2025

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. From your online account, hover over Accounts and click on Profile Summary. Its an expectation. How do you do this? How do you do this?

Flexible Spending Account 52

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

WEX Inc.

DECEMBER 12, 2024

Targeted recommendations: By analyzing factors such as age, role, family status, and location, AI can suggest benefits options like health savings accounts (HSAs) , retirement plans, or wellness programs that are most relevant to each employee. Do you want to find out more about how to streamline HR processes with AI?

Health Savings Account 52

Health Savings Account Benefits Package Retirement Plan Taxes 52

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.

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

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. It also shows pre-tax contributions made to your account by you and your employer through payroll deductions. These will help you get organized and prepared for easy and successful filing.

Taxes 98

Taxes Health Savings Account Deductible Deductions 98

PeopleKeep

JUNE 9, 2021

When looking at your health benefits options, it’s easy to confuse different plans with one another. Two of the most commonly mixed-up plans are health reimbursement arrangements (HRAs) and health savings accounts (HSAs).

Health Savings Account 92

Health Savings Account IT 92

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. That’s a critical first step when weighing your choice of an HDHP versus a traditional PPO or another type of traditional health plan. What’s a PPO?

Deductible 52

Deductible Deductions Health Savings Account Flexible Spending Account 52

Best Money Moves

OCTOBER 22, 2024

Employees can further prepare for unexpected medical expenses and diagnoses by partnering with financial planning services that guide saving for medical emergencies. Encourage employees to set aside income to cover future medical costs through pre-tax income programs such as health savings accounts.

Out of Pocket Cost 59

Out of Pocket Cost Healthcare Health Savings Account Medical 59

CorpStrat

DECEMBER 4, 2024

Pairing high-deductible health plans (HDHPs) with Health Savings Accounts (HSAs) or adding wellness programs can help employees offset costs while staying engaged in their health. A strong, competitive benefits program doesn’t just attract top talent—it also drives employee satisfaction and retention.

Employee Benefits 52

Employee Benefits Employment Disability Insurance Health Savings Account 52

WEX Inc.

MAY 10, 2024

Health savings account (HSA) contribution limits are on the rise again in 2025. Key takeaways – 2025 HSA contribution limits 2025 HSA contribution limits will increase to $4,300 and $8,550 for self-only and family HSAs, respectively. 2025 HDHP minimum deductible and maximum out-of-pocket limits also are increasing.

Health Savings Account 105

Health Savings Account Deductible Deductions Taxes 105

InterWest Insurance Services

JULY 11, 2024

The Department of Labor’s new fiduciary rule, which mainly applies to 401(k) plans, will also affect employers who offer their staff health savings accounts. The new rule, which takes effect September 2024, bars employers from providing advice to their workers on how they should invest the funds in the HSA they offer.

401(k) 98

401(k) Health Savings Account Employment Commissions 98

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.

Flexible Spending Account 130

Flexible Spending Account Health Savings Account Benefits Package Flexible Spending 130

WEX Inc.

JANUARY 14, 2025

Schedule workshops or webinars to break down complex topics like: Health savings accounts (HSAs) Flexible spending accounts (FSAs) Retirement planning options Emphasize the total rewards picture Highlight how your benefits program fits into your companys total rewards strategy. It is not legal or tax advice.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Retirement Plan 52

PeopleKeep

JULY 28, 2023

Health savings accounts (HSAs) are a popular way to save funds for future medical expenses. However, many people are unaware of all the ways they can use their funds. While most use their HSA funds for their own medical costs, it's possible to use them for dependents' medical expenses as well.

Medical 98

Medical Health Savings Account IT 98

WEX Inc.

JANUARY 9, 2025

Open enrollment is an important time for HR professionals and employers, since its the moment employees make decisions that impact their health, finances, and overall wellness for the coming year. For example, if health savings account (HSA) participation was lower than expected, you might plan targeted campaigns to explain their advantages.

Employee Benefits 52

Employee Benefits Health Savings Account Taxes Education 52

Money Talk

JUNE 13, 2024

Maximize Retirement Plan Contributions- Contribute as much as you can afford, up to the maximum allowable amount, to tax-advantaged retirement accounts (e.g., Not only does this help you save for retirement, but it can also reduce your taxable income for the year. 401(k) plan).

Taxes 125

Taxes 401(k) Retirement Plan Health Savings Account 125

WEX Inc.

SEPTEMBER 24, 2024

“There’s been a number of surveys that show benefit perks like pet benefits and lifestyle spending accounts play a major factor in job candidates deciding if they want to accept a job offer.” Benefits: Ability to customize pet coverage to meet a variety of your employees’ needs. What else do LSAs commonly cover? Check out our graphic below.

Recruitment 52

Recruitment Flexible Spending Account Health Savings Account Medical 52

BerniePortal

JUNE 23, 2021

Changing life events in the middle of the year usually means changes to your health insurance plan. If an employee enrolls in a high-deductible health plan (HDHP) mid-year, how does that affect the amount they can contribute to their health savings account (HSA)?

Health Savings Account 64

Health Savings Account Employee Enrollments Health Insurance Deductible 64

BerniePortal

DECEMBER 20, 2021

A health savings account is an excellent employee benefit to accompany a high-deductible health plan, and account-holders should be encouraged to take advantage of these tax-free funds. But that doesn’t mean there’s no relief for out-of-pocket expenses.

Health Savings Account 96

Health Savings Account Health Insurance Deductible Deductions 96