BerniePortal

JANUARY 22, 2020

Trying to beat the tax time rush? Mid-January marks the start of tax season! Now's a good time for HR to advise employees to review paycheck withholdings and health care items. Along with the new W-4, the IRS has updated its online tax withholding estimator. Review Health Savings Account.

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Taxes Health Savings Account Health Insurance Medical 64

Best Money Moves

DECEMBER 9, 2024

According to Mercers Survey on health & benefit strategies for 2025 , almost 70% of surveyed companies are or are planning to offer financial wellness programs in their benefits package next year. This projection shows the benefits trends in use and utilization of financial wellness programs among employees.

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roth 401(k) 401(k) Benefits Package Paid Leave 52

PeopleKeep

APRIL 30, 2020

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. There are four main types of Medical Reimbursement Plans: Health Savings Accounts (HSAs). Tax Treatment.

Medical 72

Medical Flexible Spending Account Health Savings Account Health Insurance 72

Benefit Resource Inc.

JANUARY 16, 2020

Incorporating lifestyle components into pre-tax accounts. The buzz phrase “health and wellness” is currently widely used to reference services or products that take a more holistic approach to care. So, how will this affect tax advantaged accounts like Flexible Spending Accounts and Health Reimbursement Accounts?

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Health Savings Account Flexible Spending Account Flexible Spending Taxes 73

Benefit Resource Inc.

NOVEMBER 6, 2023

A well-rounded approach to health and wellness initiatives can make a significant difference in maintaining a motivated and engaged workforce. Let’s explore effective strategies for promoting employee well-being during the winter months and the role of pre-tax benefits in achieving this goal.

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Flexible Spending Account Flexible Spending Health Savings Account Food 90

Benefit Resource Inc.

SEPTEMBER 2, 2020

FSAstore.com’s Senior Account Manager Michael Lublanecki sat down with CEO Jason Hall to discuss the BRI & FSAstore.com partnership. This partnership provides participants with an easy way to use their pre-tax health dollars. FSA Calculator – Calculate yearly contributions and tax savings. thermometers.

Health Savings Account 97

Health Savings Account Banking Taxes Medical 97

Benefit Resource Inc.

APRIL 20, 2023

While dusting, vacuuming, and packing away winter clothes may be on the top of your spring cleaning list, have you considered reviewing your eligible expenses and utilizing your Flexible Spending Account (FSA)? Utilize resources like BRIWEB , BRIMOBILE , and Participant Services to help you navigate your benefits.

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Out of Pocket Cost Flexible Spending Account Flexible Spending Health Savings Account 83

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.

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Medical Flexible Spending Account Health Savings Account Flexible Spending 75

WEX Inc.

OCTOBER 4, 2023

The 20th anniversary of health savings accounts (HSAs) marks a significant milestone for these accounts, which have empowered tens of millions of Americans to save for both immediate and future medical expenses. It is not legal or tax advice.

Health Savings Account 64

Health Savings Account Healthcare Education Taxes 64

WEX Inc.

OCTOBER 8, 2024

While health savings accounts (HSAs) can support short-term and emergency needs , HSA participants are increasingly taking advantage of these accounts’ investment potential. When you trust your retirement savings to a target date fund, you don’t have to spend time researching and managing different investments.

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401(k) Health Savings Account Deductible Deductions 52

Benefit Resource Inc.

NOVEMBER 29, 2023

Additionally, you may also already have a built-in savings option to pay for your COBRA premiums. A health savings account is not only an important component to paying for medical expenses today, but it is a tool you can use throughout retirement. By age 65 (or 63.5

401(k) 98

401(k) Medical Retirement Plan Health Savings Account 98

Benefit Resource Inc.

APRIL 18, 2023

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). The HSA is combined with an HSA-qualified health plan (also referred to as a high deductible health plan).

Medical 52

Medical Flexible Spending Account Health Savings Account Flexible Spending 52

Empuls

DECEMBER 24, 2024

Tax advantages : Some benefits, such as retirement savings plans or health insurance, can offer tax advantages for employees and employers. This includes offering high-deductible health plans combined with Health Savings Accounts (HSAs) to help employees manage costs.

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Retirement Plan Health Insurance Benefits Package Healthcare 40

Higginbotham

SEPTEMBER 16, 2024

Are you offering your employees health insurance options that work for their budgets? While not ideal for everyone, a high-deductible health plan can be very appealing to some workers, especially when it’s paired with a health savings account. Do your employees know how to make the most of an HSA?

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Deductible Deductions Health Savings Account Health Insurance 52

Business Management Daily

SEPTEMBER 22, 2021

The survey results will help you prioritize the benefit changes or expansions that would be most impactful for your current employees so that you can utilize your benefits budget effectively. HSA benefit plans: A health savings account lets employees set aside money on a pre-tax basis to pay for qualified medical expenses.

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Employment Deductible Deductions Benefit Providers 90

Benefit Resource Inc.

NOVEMBER 15, 2023

The Role of Employee Benefits Employee benefits, such as Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Commuter Plans, and Specialty Accounts emerge as valuable tools in the toolbox of employers seeking to support their workforce during times of inflation.

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Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

WEX Inc.

MAY 8, 2024

For example, My HSA Planner makes learning about how to utilize health savings accounts (HSAs) a breeze. Finally, ensuring accurate enrollment and eligibility is another potential strategy employers can utilize. It is not legal or tax advice.

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Health Savings Account Benefits Package Healthcare Voluntary Benefits 52

Benefit Resource Inc.

JUNE 29, 2021

Within the pre-tax benefit space, your work is cut out for you as a human resource professional. 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).

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401(k) Deductible Deductions Flexible Spending Account 78

Benefit Resource Inc.

APRIL 6, 2023

Don’t forget about Specialty Accounts (Lifestyle Accounts) ! It is crucial for employers to offer benefits programs that align with employees’ changing needs, while employees must take an active role in learning about and utilizing their benefits.

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Employee Benefits Health Savings Account Taxes Entertainment 52

Benefit Resource Inc.

APRIL 27, 2021

So, don’t make them carry separate cards for their pre-tax health accounts and commuter benefits! A smart employee benefits card utilizes merchant, terminal, and card payment rules to create a simple, convenient payment experience. a Health Savings Account and Limited Purpose Flexible Spending Account).

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Employee Benefits Flexible Spending Account Health Savings Account Banking 53

WEX Inc.

SEPTEMBER 6, 2023

Benefits: Encourages regular preventative care, promoting overall pet health. Can be a cost-effective option for pet owners who frequently utilize preventive services. It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.

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Recruitment Flexible Spending Account Health Savings Account Medical 59

Benefit Resource Inc.

DECEMBER 10, 2020

BRI employees are in a unique position; we handle pre-tax benefits administration for thousands of participants every year, and utilize the same plans we sell! Many of the plans focus on savings, financial wellness, and health. I can stretch my money further by putting my tax savings to work.

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Health Savings Account Medical Taxes Deductible 45

CorpStrat

JANUARY 22, 2024

A well-executed communication plan ensures that your employees are aware of the full range of benefits available to them, understand how to utilize them, and feel valued and supported. It’s worth checking out the specifics, as this can lead to significant savings. Hidden Gems In Your Employee Benefits Plan 1.

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Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

Higginbotham

DECEMBER 8, 2023

As rising health care costs and inflation place pressure on both corporate and personal budgets, employers and workers alike are looking for ways to save money without sacrificing quality employee benefits. A Premium Only Plan is an option that may offer significant tax savings for all involved parties. Only $29.86

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Deductible Deductions Taxes Payroll 52

Genesis HR Solutions

DECEMBER 5, 2019

We suggest looking for a partner that can provide large group access to the following benefits: Group health, dental, and vision. Health savings accounts. Don’t leave any of your payroll or tax information to chance. State unemployment insurance tax account (SUTA) management. 401(k) options.

Human Resources 10

Human Resources 401(k) Taxes Overtime 10

Business Management Daily

JANUARY 5, 2021

The law also extends expiring tax provisions and everything that could be jammed into 5,593 pages of federal legislation three days before Christmas. The key payroll provisions include: An extension of the paid sick/ family leave provisions and your tax credit for providing leave. Extensions of popular payroll tax provisions.

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

Benefit Resource Inc.

JUNE 28, 2022

While this may be bad news for the overall economy, it could actually be good news for those with a Health Savings Account (HSA). HSA’s are the only account to provide a triple-tax benefit. Funds deposited into an HSA tax-free, grow tax-deferred, and remain tax-free. Invest or Save?

Health Savings Account 40

Health Savings Account Taxes Medical Healthcare 40

Benefit Resource Inc.

OCTOBER 17, 2019

It addresses this question and provides insights for commuter benefits and other pre-tax plans. If you have highly compensated employees who are utilizing benefit accounts, a sniff test can aid in making plan adjustments to keep your plan compliant. The Perfect Recipe for Your Pre-tax Benefit Account Program.

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Management Deductible Deductions Health Savings Account 40

Higginbotham

MARCH 17, 2023

What are lifestyle spending accounts? While many employers are familiar with health savings accounts (HSAs) and flexible spending accounts (FSAs), lifestyle spending accounts (LSAs) are an emerging benefit that can provide flexible and personalized support to employees.

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Health Insurance Flexible Spending Account Insurance Benefits Package 52

Empuls

JULY 11, 2023

Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent. In this blog, we will discuss tax free or non taxable employee benefits. In this blog, we will discuss tax free or non taxable employee benefits.

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Employee Benefits roth 401(k) Flexible Spending Account 401(k) 40

Vantage Circle

SEPTEMBER 11, 2023

These include self-service employee onboarding, document storage, payroll processing, tax filing, reporting, and human resources (HR) compliance assistance. By utilizing this platform, managers can show their team members how much they value their hard work and dedication. Set up to five personalized financial goals.

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Genesis HR Solutions

MAY 23, 2023

Utilizing software for recruitment. Flexible Spending Account (FSA): An FSA (also known as a flexible spending arrangement) is a special account employees put money into that they use to pay for certain out-of-pocket health care costs. Employers fund and own accounts. HSA funds roll over from year to year.

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Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 7, 2022

Plans utilizing this special rule should also remember to inform participants of any limitations they will impose in this regard. Shipping costs (and taxes) are included in the $12 reimbursement limit for tests purchased from non-network providers. Fraud and Abuse.

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Retail Manufacturing Medical Flexible Spending Account 52

Empuls

OCTOBER 11, 2023

As these funds are released in the employees’ hands to be spent on their wellbeing, it’s a great way to show them that the organization cares for employee health and wellness. These taxes can either be grossed up from the organization’s behalf or can be taken care of by the employee. No, that’s not the case.

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WEX Inc.

JANUARY 29, 2025

While insurance is often the primary safety net, flexible spending accounts (FSAs) , health savings accounts (HSAs) , lifestyle spending accounts (LSAs) , and emergency funds can also play an important role in recovery. It is not legal or tax advice.

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Flexible Spending Account Health Savings Account Flexible Spending Transportation 81

WEX Inc.

OCTOBER 1, 2024

Health savings accounts (HSAs) offer a powerful tool for managing healthcare expenses and saving for the future, but how you use them depends on your personal goals and financial situation. His journey supports the importance of education when it comes to utilizing HSAs to their full potential.

Health Savings Account 52

Health Savings Account Healthcare Medical Taxes 52

Higginbotham

JANUARY 24, 2025

According to PwC, other significant factors behind rising health costs include behavioral health utilization and prescription drug spending. High Deductible Health Plans (HDHPs) High Deductible Health Plans (HDHPs) could help to control costs by encouraging employees to take an active role in their health care spending.

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Out of Pocket Cost Employment Deductible Deductions 52