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5 ways to alleviate your employees' hesitations with choosing in an FSA

WEX Inc.

Some individuals may be wary of reducing their take-home pay, especially if they are already on a tight budget. What you can do: Address this concern by emphasizing the savings potential of an FSA. Illustrate how pre-tax contributions lead to significant savings over time, effectively reducing the impact on take-home pay.

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How Section 125 cafeteria plans work

PeopleKeep

Many working Americans have access to a Section 125 Cafeteria Plan at some point during their working career, yet many do not take full advantage of them. When utilized correctly, a cafeteria plan can increase take-home-pay without any change in expenditures.

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Increase Your Financial Well-Being Through Medical Savings

Benefit Resource Inc.

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. One such way is by utilizing health savings accounts (HSAs) and flexible spending accounts (FSAs).

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Having a Baby? Use Your Pre-Tax Funds to Save

Benefit Resource Inc.

Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). Since we had contributed pre-tax to our HSA before birth our take home pay was lower. And, that doesn’t consider the care needed before a child’s birth or what to expect after.

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6 Key HSA Benefits to Communicate to Employees

Flimp Communications

Health savings accounts (HSAs) are amazing tools for addressing the triple pillars of modern anxiety: money, health, and uncertainty about the future. Their tax advantages and investment potential can help employees reduce healthcare costs, save for retirement, and maximize tax refunds.

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How to Choose a Health Care Plan

Insperity

Boyle advises that before you start shopping, you need to determine how much money you’re willing and able to spend on your health care plan. Employees aren’t going to opt in to a medical plan that cuts far into their take-home pay. But you’re not the only one with a budget. This can quickly narrow down your choices.

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Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. This can help employees see things they may not consider when they think of just take-home pay. Common Employee Benefits.