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

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. Distributions are the money you withdraw for qualified medical expenses. All HSA transactions are reported on Form 8889.

Health Savings Account 52

Health Savings Account Taxes Healthcare Medical 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.

401(k) 98

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

WEX Inc.

AUGUST 29, 2024

And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexible spending account (FSA) funds? These benefits are designed to help people who are facing difficulties conceiving naturally and require medical assistance to achieve pregnancy.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

PeopleKeep

APRIL 30, 2020

What are Medical Reimbursement Plans? Medical reimbursement plans are IRS-approved health plans that allow for tax-free reimbursement for medical expenses. Medical reimbursement plans can be used alongside a group health insurance plan. Different Approaches to Medical Reimbursement Plans.

Medical 72

Medical Flexible Spending Account Health Savings Account Health Insurance 72

InterWest Insurance Services

MARCH 4, 2022

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. While health savings accounts have grown in popularity, you can only offer them to employees who are enrolled in high-deductible health plans.

Medical 90

Medical Health Insurance Out of Pocket Cost Deductible 90

WEX Inc.

OCTOBER 2, 2024

Considerations for choosing benefits When evaluating your options, consider your personal circumstances, health status, and financial situation. Keep these factors in mind: Medical needs: Estimate your medical needs for the coming year. HSA-eligible health plans typically have lower premiums but higher deductibles.

Employee Benefits 98

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 98

WEX Inc.

SEPTEMBER 19, 2024

Visual health is a vital component of overall well-being, and unexpected eye-related expenses can put a strain on your finances. However, for participants of health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs.

Health 98

Health Flexible Spending Account Health Savings Account Flexible Spending 98

Benefit Resource Inc.

MARCH 31, 2022

Health and medical expenses are covered by a Flexible Spending Account or Medical FSA to promote general well-being. These accounts are used to cover health and medical expenses both for you and your dependents (usually children). Take advantage of your pre-tax benefits this year! Use-It-Or-Lose-It.

Medical 75

Medical Flexible Spending Account Health Savings Account Flexible Spending 75

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

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. Tax Benefits Of An HSA For Employers. Flexible Spending Options. Happy Birthday to HSAs.

Health Savings Account 40

Health Savings Account Healthcare Taxes Flexible Spending 40

PeopleKeep

MAY 19, 2021

A health savings account (HSA) is a tax-advantaged savings account a family or individual can use to pay for qualified medical expenses. HSAs are paired with a high-deductible health plan (HDHP) and have annual contribution limits.

Health Savings Account 98

Health Savings Account Deductions Deductible Medical 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.

JULY 9, 2024

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

Health Savings Account 98

Health Savings Account Healthcare Medical Taxes 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.

AUGUST 7, 2023

Sunscreen can cost as much as $40 a bottle, but did you know you can actually use your health savings account (HSA) or medical flexible spending account (FSA) funds on many SPF-related expenses? Children’s sunscreen, suntan lotion with SPF, and more are eligible for reimbursement with your HSA and medical FSA.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

Wellable

JUNE 29, 2022

Health Savings Accounts (HSAs), which allow individuals to store and withdraw funds for certain qualified medical expenses, are frequently offered as part of an employer’s benefits package. According to one report , nearly 40% of companies offered an HSA-qualified health option in 2021.

Utilities 97

Utilities Health Savings Account Benefits Package Medical 97

BerniePortal

DECEMBER 20, 2021

Of course, not all medical expenses are covered by an individual’s health insurance plan. 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.

Health Savings Account 96

Health Savings Account Health Insurance Deductions Deductible 96

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. Are you preparing to send your kids back to school soon? OTC medicines.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

AUGUST 29, 2023

And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexible spending account (FSA) funds? These benefits are designed to help people who are facing difficulties conceiving naturally and require medical assistance to achieve pregnancy.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

InterWest Insurance Services

MARCH 7, 2024

If you have staff with health savings accounts, they still have until April 15 to make additional contributions to their accounts if they want to reduce their tax bills for last year. HSAs allow your employees to put away funds to pay for future medical expenses. Not everyone is eligible to participate in an HSA.

401(k) 88

401(k) Health Savings Account Pharmaceutical Deductible 88

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.

SEPTEMBER 21, 2023

Visual health is a vital component of overall well-being, and unexpected eye-related expenses can put a strain on your finances. However, for participants of health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs.

Health 98

Health 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. Prepare to report distributions and contributions using tax Form 8889 Form 8889 is used to report any distributions from and contributions to your health savings account.

Taxes 98

Taxes Health Savings Account Deductible Deductions 98

Benefit Resource Inc.

NOVEMBER 10, 2021

The IRS released the 2022 contribution limits for Mass Transit, Parking, Medical FSA, and Adoption Assistance in Revenue Procedure 2021-45. 2022 CONTRIBUTION LIMIT: MEDICAL FSA. If you have a Medical FSA and/or Adoption Assistance plan year that begins January 1, 2022 and would like to increase your tax-free limits, please click here.

Health Savings Account 98

Health Savings Account Medical Taxes Flexible Spending 98

Benefit Resource Inc.

NOVEMBER 7, 2022

For a long time, I believed you were either for Health Savings Accounts (HSAs) or you were for Flexible Spending Accounts (FSAs), but you couldn’t be for both. The very nature of HSAs prevented you from also participating in a General Medical FSA.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

InterWest Insurance Services

AUGUST 10, 2022

Employers who offer health savings account-eligible high-deductible health plans (HDHPs) to employees can significantly expand pre-deductible coverage for certain drugs used to manage chronic conditions — with only a tiny effect on premiums. Absenteeism. Illness-related presenteeism. Cost of temporary workers.

Deductible 91

Deductible Deductions Family and Medical Leave Act Health Savings Account 91

WEX Inc.

OCTOBER 30, 2024

Health savings accounts (HSAs) HSA participants save money by contributing funds to their HSA pre-tax. Lifestyle spending accounts (LSAs) LSAs provide employees the flexibility to allocate funds for non-medical expenses, such as wellness programs and educational courses.

Education 95

Education Health Savings Account Taxes Consulting 95

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.

APRIL 18, 2023

The cost of healthcare can be daunting, especially for those who do not have adequate insurance coverage or savings to cover medical expenses. Fortunately, there are ways to increase your financial well-being through medical savings. The HSA provides a savings mechanism to pay for out-of-pocket expenses.

Medical 52

Medical Flexible Spending Account Health Savings Account Flexible Spending 52

InterWest Insurance Services

FEBRUARY 20, 2024

As health insurance costs have risen, more employers have started offering their employees this option as the upfront premiums are often lower than with other plans. HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses.

Deductible 89

Deductible Deductions Out of Pocket Cost Health Savings Account 89

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) 89

401(k) Health Savings Account Employment Commissions 89

PeopleKeep

NOVEMBER 29, 2019

A health savings account (HSA) is a tax-advantaged savings account a family or individual can use to pay for qualified medical expenses. HSAs are paired with a high-deductible health plan (HDHP) and have an annual contribution limit.

Health Savings Account 75

Health Savings Account Deductions Deductible Medical 75

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. If not, the employee risks forfeiting the money.

Flexible Spending Account 95

Flexible Spending Account Health Savings Account Flexible Spending Taxes 95

WEX Inc.

OCTOBER 22, 2024

The IRS released 2025 contribution limits for medical flexible spending accounts (medical FSAs), commuter benefits , and more as part of Revenue Procedure 2024-40. These limits undergo annual adjustments to account for inflation.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Deductions Deductible 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. Withdrawals for HSA eligible medical expenses are tax-free. IRS Publication 969 outlines health savings accounts.

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

Benefit Resource Inc.

FEBRUARY 17, 2023

Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) are both incredibly valuable benefits to help employees use pre-tax dollars to pay for eligible medical expenses. Surprising Eligible Medical Expenses Broad-spectrum sunscreen with SPF 30 or above.

Medical 52

Medical Telecommunication Flexible Spending Account Health Savings Account 52