This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Health Savings Account Retirement Plan Taxes 
Benefit Resource Inc.
DECEMBER 8, 2023
As we celebrate the 20th anniversary of Health Savings Accounts (HSAs), it’s time to reflect on the transformative impact this financial tool has had on healthcare and personal finance. Key Benefits of HSAs Tax Advantages: One of the main attractions of HSAs is their triple tax advantage.
Money Talk
JUNE 13, 2024
With the 2023 tax filing deadline in the rear view mirror, now is a good time to look ahead to 2024 taxes that you will owe in April 2025. This post extends that discussion with a description of seven key steps to take to plan for your 2024 tax return due in 2025. 401(k) plan).
125 This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
4 HR Priorities for 2025 to Supercharge Your Employee Experience
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
The Great Disruption: Leveraging AI To Better Your Benefits Strategy
WEX Inc.
JULY 24, 2023
Fortunately, there’s an often overlooked way to help employees build wealth and prepare for retirement. And it’s a solution you might already be offering: the health savings account. Why HSAs for retirement planning? Click below to get your free HSA retirement white paper.
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. The following savings hierarchy was suggested by the researcher: 1.
186 
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. Employers should prepare for potential changes in healthcare policy, retirement plans, and wage laws. It is not legal, tax or investment advice.
HR Lineup
OCTOBER 21, 2024
Administered by the International Foundation of Employee Benefit Plans (IFEBP) and Dalhousie University, this program provides a comprehensive education on employee benefits, retirement plans, and health benefits. Key Benefits: Comprehensive coverage of group benefits, retirement plans, and compensation.
93 
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.
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.
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? Both you and your employer can contribute a portion of your wages to an individual account.
96 
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. It is not legal or tax advice. Perform your HSA midyear check!
Patriot Software
AUGUST 30, 2022
Common employee benefits can range from different insurance options to types of retirement plans. An HSA, or health savings account, is a plan where individuals put aside pre-tax […] READ MORE. Most businesses offer employee benefits in addition to regular wages. What is an HSA? What is an HSA?
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.
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.
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.
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.
Proskauer's Employee Benefits & Executive Compensa
JANUARY 31, 2023
provisions make some significant changes for retirement plans , but CAA 2023 also extends the telehealth plan safe harbor for high-deductible health plans (“HDHPs”) that were first introduced in the 2020 CARES Act. Not only do the CAA 2023’s “SECURE 2.0”
98 
Griffin Benefits
NOVEMBER 1, 2022
The IRS has finally announced adjustments to 2023 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. 2023 Retirement Plan Limits Increase.
85 
Hppy
JUNE 7, 2018
That makes planning for retirement more concerning and terrifying — 30 percent of employees feel stressed by retirement planning, mentally and emotionally. Employers should also revisit plans with changing health care needs of employees. Health Savings Accounts (HSAs) Offer Financial Reprieve.
Health Consultants Group
OCTOBER 1, 2021
Employees still want traditional options such as retirement plans, educational assistance, and health insurance. However, by implementing a Cafeteria Plan, you can also allow employees to select the additional benefits they prefer. . Cafeteria Plan benefits often include. Accident and Health Benefits .
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. It is not legal or tax advice. For legal or tax advice, you should consult your own counsel. Benefits are also not top of mind for many employees.
Genesis HR Solutions
SEPTEMBER 22, 2020
There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. 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. Retirement.
98 
Benefit Resource Inc.
NOVEMBER 29, 2023
.” — Unknown Benefits hack #1: COBRA + HSA = Early Retirement Are you anxiously awaiting your 65th birthday so you can retire and enroll in Medicare? You have a healthy retirement plan with a 401K, but lack options for comprehensive group medical benefits. By age 65 (or 63.5
98 
Flimp Communications
MARCH 31, 2020
This year’s federal tax season has been extended to July 15th due to the COVID-19 health crisis. With everyone under unique and often financial strains, many are examining their finances, searching for ways to save money. Where Tax Savings and Benefits Intersect. Unused balances roll over year to year.
75 
Benefit Resource Inc.
FEBRUARY 4, 2021
Health Savings Accounts (HSAs) are basically the hot new(ish) accessory in the benefits world these days. You also get to keep them into retirement and if you switch employers. No matter where you are in your career, or in life, your Health Savings Account will be your constant companion. For-Ev-Ver!
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. It is not legal, tax or investment advice. Check it out here.
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).
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.
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. Use our HDHP Vs. Traditional Health Plan Calculator today!
52 
Benefit Resource Inc.
JANUARY 16, 2024
Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are two of the most effective instruments for optimizing health savings and financial flexibility for both employers and employees among the different components of a comprehensive benefits strategy.
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. Want more information on these plans?
69 
Griffin Benefits
NOVEMBER 11, 2021
The IRS has finally announced adjustments to 2022 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. 2022 Retirement Plan Limits Increase.
56 
WEX Inc.
APRIL 24, 2023
Traditional Health Plan Calculator , which lets you input your annual doctor visit and prescription expenses to see the plan that’s right for you. Pre-tax benefits savings Premiums aren’t the only way you can save on healthcare costs. Use our HDHP Vs. Traditional Health Plan Calculator today!
52 
Proskauer's Employee Benefits & Executive Compensa
OCTOBER 21, 2022
The IRS did not increase the annual contribution limit for dependent care flexible spending accounts because that limit is not indexed to inflation. Earlier this year, the IRS released the 2023 inflation adjustments for health savings accounts and high deductible health plans. Health FSAs. .
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.
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.
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. Let IRS Publication 15-B be your tax guide to fringe benefits.
Genesis HR Solutions
MAY 2, 2023
TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( IRS ) W-4: A form used by employers to withhold the proper amount of federal income tax from employees’ paychecks. ( TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. (
CorpStrat
JANUARY 17, 2023
The following commonly offered Employee Benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs). Health flexible spending accounts (FSAs). 401(k) plans. Transportation fringe benefit plans. Health FSA pre-tax contribution limit.
52 
Corporate Synergies
AUGUST 6, 2018
Health savings accounts can be a good deal for employees. High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% HSA value isn’t always obvious.
40 
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.
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.
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.
PeopleStrategy
DECEMBER 12, 2023
Let’s get into these areas that deserve another look before the new year starts: health savings accounts, overtime, retirement, remote employment, and the Affordable Care Act. HSA Compliance Health savings accounts (HSAs) have become commonplace in the last several years as a way to offset high deductible health plans.
52 
Benefit Resource Inc.
NOVEMBER 1, 2022
Health savings accounts (HSAs) are becoming a popular way for investors to save for retirement. HSAs allow you to save money tax-free to use towards medical expenses. In addition, HSAs can be used to help fund your retirement. Becky Seefeldt , BRI Vice President of Strategy .
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content