The time is now to disrupt open enrollment! While much of the work in the last months has been focused on rate renewals and designing your benefit offerings, the focus must now shift to the open enrollment communication plan. With a few years of digital open enrollments behind us, it is key to identify barriers...
We’re halfway through the year—have you checked in on your employee benefits? If you’re like many employees, you might only think about benefits during open enrollment. But taking a mid-year look at your benefits can help you maximize your options, adjust to any life changes, and plan ahead. Here’s why this check-in is important and...
Congress passed and President Trump has signed into law the One Big Beautiful Bill Act – and it’s a game changer for health savings accounts (HSAs). In a recent episode of the WEX podcast, Chris Byrd, WEX Health & Benefits senior vice president, breaks down the most impactful provisions of the bill, including expanded health...
In today’s world where financial security feels increasingly elusive, Gen Z and millennials are rewriting the playbook on how they save, spend and invest. Yet, one of the most underutilized tools in their financial arsenal is the health savings account (HSA). Despite its potential to revolutionize both short-term healthcare spending and long-term wealth building, many...
The IRS requires flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. The IRS emphasized these requirements and potential penalties for employers not meeting the requirements when releasing an Office of the Chief Counsel memorandum detailing medical expense claim substantiation for medical FSAs and dependent care FSAs. That’s...
Dental expenses can be a significant financial burden, especially when unexpected dental procedures arise. For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs), there are opportunities to save money on these expenses. Below we answer a few common dental-related questions as it relates to your HSA or medical FSA. ...
Rising healthcare costs are a growing concern for employees and employers alike. With premiums, deductibles and out-of-pocket expenses increasing, employees may struggle to afford necessary care. As an employer, you have the power to support your workforce by providing cost-saving solutions and promoting smarter healthcare decisions. Here’s how you can help employees navigate and reduce...
The IRS recently announced the 2026 Limits for HSAs, HDHPs and EBHRAs! Learn more about these limits below! The new 2026 limits are: HSA Annual Contributions Single $4,400 per year Family $8,750 per year HDHP (self-only coverage) $1,700 minimum deductible $8,500 out-of-pocket limit HDHP (family coverage) $3,400 minimum deductible $17,000 out-of-pocket limit EBHRA $2,200 ...
Employee benefits are a critical component of workplace satisfaction and overall wellness. However, traditional benefits programs are often riddled with complexity, making it challenging for employees to fully understand and utilize their options. Simplification is the key to driving better engagement, increasing participation and reducing administrative burdens for HR teams. This is the first part...
As we age, the importance of maintaining safe mobility within our home becomes critical. It is crucial to understand how to save money on common at-home expenses with health savings...
Did you know that, when employees were asked on a scale of 1 to 10 how confident they are in their understanding of their benefits, 34% chose 7 or less....
When it comes to navigating the world of employee benefits, there’s a lot to take in, especially if you’re a first timer. Among the suite of benefits you’re likely to...
As most organizations are already in the thick of annual benefits enrollment, the IRS announced that employees can funnel an extra $150 into their health flexible spending accounts (FSAs) next...
Open enrollment is nearly here for many. It is important to create an atmosphere where employees are engaged, eager to enroll and save money with the benefits you provide. You’ve...
Whether you’re transitioning from your parents’ health insurance, you landed your first full-time job or are simply obtaining coverage for the first time, choosing health plans and employee benefits can...
Understanding the basic rules of a health savings account (HSA) is critical in driving employee participation. Only half of those surveyed in our “Paying for Healthcare in America” report said...
According to the World Health Organization, roughly one in six adults worldwide are affected by infertility. Reasons can vary, which is why wide-ranging fertility benefits can also improve the lives...
Are you preparing to send your kids back to school? You might be surprised to learn that your health savings account (HSA) and medical flexible spending account (FSA) can help...
Many companies are recession-planning and looking for ways to cut costs. But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if...
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