Benefit Resource Inc.

DECEMBER 30, 2022

An HSA (Health Savings Account) is a great way to save up money tax-free for future medical expenses. Dependent Care often presents a unique challenge for busy families. Take a quick walk through the process of checking an account balance. HOW TO AVOID PENALTIES ON AN HSA WITHDRAWAL. learn more.

Taxes 75

Taxes Flexible Spending Account Health Savings Account Flexible Spending 75

Benefit Resource Inc.

APRIL 8, 2021

Based on Toby’s choices in the previous step and the benefits offered by his employer, the tool will then present other benefits options he has: His employer’s Dependent Care FSA to save on child care expenses. A Health Savings Account to save on medical expenses.

401(k) 75

401(k) Health Health Savings Account Medical 75

Insperity

AUGUST 25, 2020

This can look like: Using well-known carriers for the health insurance options you sponsor Contributing to a health savings account or flexible spending account for employees Offering an employee assistance program (EAP) Matching a percentage of employee retirement plan contributions.

Employment 99

Employment PTO Flexible Spending Account Health Savings Account 99

Best Money Moves

JULY 8, 2020

The coronavirus pandemic has presented significant challenges for employers and highlighted the unprecedented levels of stress employees face in their everyday lives. HR trends forecast the most desired employee benefits for 2021 like financial wellness programs and flexible work arrangements. But what can employers do to help?

Employee Benefits 111

Employee Benefits Out of Pocket Cost Flexible Spending Account Health Insurance 111

Benefit Resource Inc.

OCTOBER 16, 2018

As kids, there were fun games that helped us make choices… In benefits, we are often presented with a 50 page document and told “Here you go. ” Too bad making your pre-tax benefit account decisions is not as easy as pointing and saying “Eenie meenie miney mo – Which account should I choose?

Health Savings Account 55

Health Savings Account Flexible Spending Account Flexible Spending Medical 55

Griffin Benefits

DECEMBER 30, 2022

On nearly the eve of its expiration, Congress has extended the ability of high deductible health plans (“HDHPs”) to offer first-dollar telehealth coverage through plan years beginning before January 1, 2025. This will allow participants receiving this coverage to continue to contribute to a health savings account (“HSA") for this purpose.

Deductible 84

Deductible Deductions Health Savings Account Taxes 84

Benefit Resource Inc.

MARCH 28, 2024

Pre-tax benefits are a powerful tool for saving money and maximizing your income. From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. This includes copayments, deductibles, prescriptions, and more.

Flexible Spending Account 52

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

Benefit Resource Inc.

FEBRUARY 21, 2024

The Health, Wealth, Wellness Triangle has emerged as a framework that acknowledges the interconnectedness of personal health, financial stability, and overall wellness. The Health Component A cornerstone of the Health, Wealth, Wellness Triangle is, unsurprisingly, health itself.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductible Deductions 52

Benefit Resource Inc.

NOVEMBER 15, 2023

This presents a unique set of challenges for employers and HR professionals, who must navigate the delicate balance of providing competitive compensation packages while also addressing the rising costs of living. Health Savings Accounts (HSAs): HSAs provide a pre-tax way for employees to save for medical expenses.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

JUNE 29, 2021

Now that you’ve explained (again) how insurance works, you get to begin the real work of teaching employees the difference between Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). If you are presented with information that doesn’t have an existing bucket, it will take longer to store.

401(k) 78

401(k) Deductible Deductions Flexible Spending Account 78

Benefit Resource Inc.

JANUARY 25, 2024

This “fuzzy” factor is what sometimes leads to myths and misconceptions about how each of the accounts work. To help cut through the “fuzzy” factor, we present 5 Myths (and Facts) about Pre-tax Benefit Accounts. Here are a few myths – and facts – about pre-tax benefits.

Taxes 52

Taxes Health Savings Account Benefits Package Medical 52

BerniePortal

JANUARY 30, 2020

Get specific: Do you understand the differences in the health insurance options? Were you aware that we have a health savings account? How you choose to complete step one might depend on your company culture, but presentations, and in-person educational sessions should suffice. Step two: Internal communication.

Benefits Package 52

Benefits Package Recruitment Health Savings Account Health Insurance 52

Winston Benefits

APRIL 5, 2018

If self-service is your only enrollment option, be sure to at least offer group presentations and decision-support tools on your enrollment platform. Once employees have gone through a communication cycle and are clear on how it works, then boost communication about health savings accounts, employer contributions and similar issues.

Health Savings Account 51

Health Savings Account Deductible Deductions Education 51

WEX Inc.

MAY 8, 2024

From the rising costs of healthcare and benefits packages to retaining and recruiting to helping employees understand their benefits to the ever-changing regulatory landscape, HR teams face many challenges that present obstacles to organizational success.

Health Savings Account 52

Health Savings Account Benefits Package Healthcare Voluntary Benefits 52

COMPackage

JULY 17, 2024

Employees who understand their finances are better equipped to make informed decisions regarding budgeting, saving for the future, and managing debt. By presenting a comprehensive picture of the financial value an employee receives beyond just their base salary, TCSs contribute significantly to enhancing employee financial literacy.

Health Savings Account 40

Health Savings Account Utilities Health Insurance Education 40

Benefit Resource Inc.

APRIL 4, 2024

One often-overlooked gem in the world of benefits is the Health Savings Account (HSA). The material in this blog is presented for informational purposes only and such information is believed to be accurate as of the publication date; however, it is subject to change.

401(k) 52

401(k) Retirement Plan Benefits Package Deductible 52

Benefit Resource Inc.

JULY 9, 2019

However, quitting smoking can present a set of challenges that often result in an extended journey to overcome the addiction. They are also eligible expenses that can be paid for with a pre-tax account like a Health Savings Account (HSA) or Flexible Spending Account (FSA). Finding out what’s eligible.

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Flexible Spending Medical 40

COMPackage

JULY 18, 2024

By presenting a clear picture of the complete value proposition an employee receives, TCSs can significantly impact employee engagement and motivation. For instance, understanding the employer contribution to a health savings account (HSA) can motivate employees to enroll and contribute to it.

Health Savings Account 40

Health Savings Account Utilities Health Insurance Benefits Package 40

Benefit Resource Inc.

OCTOBER 1, 2020

As BRI looked to strengthen its geographic presence in the Midwest, 121 Benefits present ed a unique fit with its a strong commitment to its clients through personalized and dedicated service , similar to BRI ’s approach.

Flexible Spending Account 45

Flexible Spending Account Health Savings Account Flexible Spending Transportation 45

PeopleStrategy

NOVEMBER 1, 2023

Are there new offerings the company is presenting that haven’t been offered before—or even better are in response to employee demand? If applicable, provide information on Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) and how employees can contribute. What has changed from last year?

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Utilities Flexible Spending 52

Hppy

JUNE 7, 2018

Employees worry about making it from paycheck to paycheck and try to live in the present. Employers should also revisit plans with changing health care needs of employees. Health Savings Accounts (HSAs) Offer Financial Reprieve. Address Employee Financial and Retirement Concerns. percent with smaller companies.

Retirement Plan 50

Retirement Plan 401(k) Health Savings Account Education 50

Higginbotham

MAY 11, 2023

They can help you determine which employees will be relatively easy to enroll, and which ones may need a bit more presentation and salesmanship. Your agent can also visit to help you prepare for enrollment with a plan presentation or follow up with a question-and-answer session.

Insurance 52

Insurance Deductible Deductions Benefits Package 52

HR Professionals Magazine

MARCH 6, 2023

Other rules can present unique challenges, such as complying with ERISA-required claims procedures. A stand-alone group health plan would have to ensure it does not provide zero or low-cost benefits below the IRS minimum deductible to preserve participants in the HDHP’s ability to fund a health savings account (HSA).

Medical 52

Medical IT Health Savings Account Deductible 52

Benefit Resource Inc.

OCTOBER 17, 2019

We will focus on three areas that often present difficulties and how they can be overcome. This question is most often related to Health Savings Accounts and Health Reimbursement Accounts. There are many components to successful plan management. Plan funding vs deductions. Non-discrimination.

Management 40

Management Deductible Deductions Health Savings Account 40

Business Management Daily

JANUARY 5, 2021

Relief for health savings accounts and dependent care assistance plans. But you still can’t write off employees’ entertainment expenses, so it’s best to heed the IRS’ regulations and ensure employees present you with itemized receipts for the amounts they’ve spent on entertainment and meals. Temporary disaster tax relief.

Family and Medical Leave Act 52

Family and Medical Leave Act Payroll 401(k) Taxes 52

Higginbotham

JUNE 9, 2023

To comply with Form I-9 requirements, employers must, within the first three days of employment: Complete and sign Section 2 of Form I-9 for each new hire; and Physically examine the documents each employee presents to prove his or her employment eligibility (documents must come from the form’s list of acceptable documents).

Deductible 52

Deductible Deductions Health Insurance Taxes 52

Griffin Benefits

JULY 30, 2021

While these higher deductibles are offset by cheaper monthly medical premiums and often by employer contributions to Health Savings Accounts (HSA), HDHP plans are nevertheless structured in such a way as to promote heightened "healthcare consumerism.". In addition, those with family coverage are responsible for at least $2,800.

Medical 52

Medical Pharmaceutical Deductible Deductions 52

Benefit Resource Inc.

FEBRUARY 20, 2020

This is a great way to avoid adding too much money to your Mass Transit or Parking Account. That way, you address the balance that is already present in the account. *If Frustrated by not knowing what’s eligible under your health account? Sign up for faster reimbursements with direct deposit.

Banking 40

Banking Health Savings Account Medical Payroll 40

Corporate Synergies

SEPTEMBER 10, 2018

Costs for medical and pharmacy benefits continue to rise, which means there are adjusted employee contributions to present to an audience who’s unlikely to understand the reasoning behind cost increases. There may be new health & welfare benefits offerings that require employees to pay close attention during the decision-making process.

Health and Welfare 40

Health and Welfare Voluntary Benefits Flexible Spending Account Health Savings Account 40

Business Management Daily

SEPTEMBER 15, 2021

Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. The employee saves money because this set-aside money is not taxed. Health Savings Accounts. Many types of employee benefits are rather standard.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Genesis HR Solutions

MAY 23, 2023

Hiring Trends In 2023 Below, I present hiring trends across various categories to help you formulate a comprehensive approach that works best for you. Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside. Pay Offering higher pay.

Insurance 40

Insurance PTO Human Resources Flexible Spending 40

Empuls

OCTOBER 11, 2023

A common notion amongst many employees as well as employers is that health and wellness stipends are insurance policies that are bought by the employer for the employees. Presenting your employees with COVID safety kits might be a great idea to show that you care. No, that’s not the case.

Healthcare 40

Healthcare Medical Consulting Flexible Spending Account 40

Empuls

SEPTEMBER 28, 2023

Notably, Campbell goes the extra mile by contributing 4 percent as an employer match to these retirement savings, illustrating their commitment to the long-term well-being of their staff. In addition to these retirement perks, employees also receive a substantial $1,000 in health savings account funding.

Employment 40

Employment Health and Welfare Healthcare 401(k) 40

Qandle

AUGUST 26, 2022

Save time and effort by centralizing time and attendance reporting: For businesses with less than 75 employees, When I Work offers a free subscription that includes shift swapping, messaging, and scheduling tools. Determine whether it can be adapted to your present human resources procedures.

Software 98

Software 401(k) Human Resources Payroll 98

WEX Inc.

AUGUST 22, 2024

It provides personalized calculations so you can learn more about your HSA’s present and future potential. Simply by entering basic information the My HSA Planner calculates your future savings balance, potential retirement balance, and projects how different levels of contributions can make an impact. An HSA and retirement.

401(k) 52

401(k) Health Savings Account Retirement Plan Taxes 52

Griffin Benefits

JUNE 27, 2022

This also means that employees could not seek reimbursement under health FSAs, health reimbursement arrangements, or health savings accounts (“HSAs”) if the abortion is conducted in a state that prohibits abortion. This is not a recommended approach at the present time.

Employment 74

Employment Medical Taxes Health Savings Account 74