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Five examples are tax-loss harvesting, Roth IRA conversions, qualified charitable contributions (age 70½ +), setting up a donor advised fund, and increased contributions to a tax-deferred retirement savings plan, healthsavingsaccount or HSA (if eligible), or flexible spending account or FSA (if available).
When it comes to managing employee benefits, employers are frequently turning to high-deductible health plans to help control costs. But managing – and keeping up with – HSA requirements has its difficulties.
Methods include webinars, podcasts, blogs, television and radio shows, print media, websites, and more. HealthSavingsAccounts - One study found that the tax savings on many employees’ contributions to a healthsavingsaccount (HSA) increases wealth by more than an employer match on the same employees’ 401(k) contributions.
One choice that sticks out in the ever-changing world of employee benefits for both employers and employees is a HealthSavingsAccount (HSA). Many employees look to their employers to provide educational resources, such as seminars, webinars, and written materials, to help them understand how HSAs work.
In partnership, we are offering access to the upcoming complimentary webinar. The goal of the webinar will be to provide employers with some tricks and tips to help employees navigate HSA-eligibility, HSA contribution limits, and HSA reimbursements.
Below are six tax-saving ideas gleaned from recent webinars and research for my book: Look Toward the Future - Absent new tax legislation, the Tax Cuts and Jobs Act is scheduled to sunset after 2025, tax rules will return to what they were in 2017, and tax rates will be higher than they are right now.
For example, if healthsavingsaccount (HSA) participation was lower than expected, you might plan targeted campaigns to explain their advantages. Host webinars, distribute user guides, or offer live Q&A sessions to help employees understand and use their benefits effectively.
Use multiple channels—emails, webinars, printed guides, or one-on-one meetings—to make sure everyone feels informed and confident in their choices. Pairing high-deductible health plans (HDHPs) with HealthSavingsAccounts (HSAs) or adding wellness programs can help employees offset costs while staying engaged in their health.
Employers can choose from a range of pre-tax benefits, including health insurance, dental insurance, vision insurance, and other types of benefits. PeopleKeep also provides flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and healthsavingsaccounts (HSAs) to help employees save money on healthcare expenses.
Schedule workshops or webinars to break down complex topics like: Healthsavingsaccounts (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.
In partnership, we are offering access to the upcoming complimentary webinar. SESSION DETAILS: In honor of October’s HSA awareness month, this month’s webinar will focus on HSAs. As more and more employers offer at least one HDHP option, employers play a role in educating their employees about HSAs.
Sign up for our webinar. Educate About Tax-Advantaged HSAs (And Similar Benefits) As you know, healthsavingsaccounts (HSAs) are triple tax-advantaged. Related: Want to improve employee financial wellness? Register here So, dont miss this opportunity to help your employees help themselves.
If you didn’t have a chance to attend our HRA VEBA Webinar Series, you’re in luck. If you want the answers, watch the full first session of our HRA VEBA webinar here ! We explored funding options for an HRA VEBA and how the account compares to other health reimbursement accounts and healthsavingsaccounts.
These benefits not only help employees save money but also make it easier for them to invest in their well-being. FSA and HSA: By taking advantage of programs like Flexible Spending Accounts (FSAs) and HealthSavingsAccounts (HSAs), employees can allocate a portion of their pre-tax earnings to cover essential health-related expenses.
In general, Telehealth services are already considered an eligible expense for use with an HealthSavingsAccount (HSA). Sign up for our webinar (details below). First, let’s start with HSAs and telehealth services. HSAs used for telehealth.
A key player in the balance between health and wealth is the healthsavingsaccount (HSA). Understanding HSAs HealthSavingsAccounts are tax-advantaged savingsaccounts designed to help individuals and families with high-deductible health plans (HDHPs) cover medical expenses.
HSA benefit plans: A healthsavingsaccount lets employees set aside money on a pre-tax basis to pay for qualified medical expenses. HSA funds can be used for prescription drugs, deductibles, copayments, and other covered health costs. Webinars or meetings can be helpful. During open enrollment.
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.
The Role of Employee Benefits Employee benefits, such as HealthSavingsAccounts (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.
HealthSavingsAccounts (HSAs) are a critical tool in the arsenal of employers who are passionate about helping their employees in the arena of healthcare. How to Win with HSAs HSA Awareness Day is a great opportunity to promote the benefits of these critical healthcare accounts and to help employees get the most out of them.
Limited medical FSA: Similar to a medical FSA, but can be paired with high-deductible health plans (HDHPs) and healthsavingsaccounts (HSAs) , covering dental and vision expenses. Resource availability : Provide educational materials like webinars, one-page handouts, and short videos.
Pre-tax benefits are a powerful tool for saving money and maximizing your income. From flexible spending accounts (FSAs) to healthsavingsaccounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. This includes copayments, deductibles, prescriptions, and more.
As a result, employers may choose to offer HealthSavingsAccounts (HSAs) and Health Reimbursement Accounts (HRAs) at greater rates to offset high deductible risks. Similarly, we may see increased enrollment in these accounts by participants. Contact your Account Executive for more information.
Becky’s expertise includes nearly two decades of dedication to education, marketing, product development, and the advancement of tax-free benefit accounts. She routinely shares insights and industry expertise through webinars, events, eBooks, and other digital media.
One often-overlooked gem in the world of benefits is the HealthSavingsAccount (HSA). Host workshops or webinars to answer employee questions and address concerns. While traditionally associated with healthcare expenses, HSAs can play a pivotal role in retirement planning for your employees.
Increased Savings: When employees understand the employer contribution to their benefits, they are more likely to appreciate their value and utilize them effectively. This can lead to increased utilization of healthsavingsaccounts (HSAs) and contributions to retirement savings plans.
If applicable, provide information on Flexible Spending Accounts (FSAs) and HealthSavingsAccounts (HSAs) and how employees can contribute. Emails, printed materials, small group meetings, office hours, webinars, and utilizing other management leaders all should be considered as good ways to disperse information.
Wellness reimbursements: Fees for gym membership, exercise classes, and other programs or services could be reimbursed for providing potential incentives to employees toward taking care of their health and well-being. What are the Best Practices for Employee Benefits communication to staff?
Offer alternative healthcare plans , such as high-deductible health plans (HDHPs) paired with healthsavingsaccounts (HSAs). Provide resources and guidance on retirement planning, including information about employer-sponsored retirement plans and individual retirement accounts (IRAs).
Transparency in Health Coverage. As we discussed in our CAA webinar last July and our January compliance update, new transparency in coverage requirements apply to group health plans and health insurers in the individual and group markets. Some State Insurance Mandates May Affect HealthSavingsAccount Eligibility.
For example, increasing 401(k) match percentages or providing auto-escalation features encourages employees to save more. HR can also explore supplemental retirement offerings, such as annuities or healthsavingsaccounts (HSAs), to provide additional income streams.
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