Have you recently changed employers? Or are you considering making a change? Fortunately, when you participate in a health savings account (HSA) through your employer, your HSA stays with you. There are plenty of myths about HSAs, so let’s tackle what really happens to your HSA when you change employers. You Have Options HSA...
As we enter another season of open enrollment, one crucial topic is top of mind for many employees: HSA and FSA compliance. Health savings accounts (HSAs) and flexible spending accounts (FSAs) are often misunderstood, despite their significant financial advantages. It’s time to clarify the ins and outs of these tax-saving healthcare accounts and answer HSA...
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 be offered, voluntary benefits are often misunderstood. In this blog we explore all the unknown voluntary benefits terms and bring clarity of information to first-time...
The IRS released 2025 contribution limits for medical flexible spending accounts (medical FSAs), commuter benefits and more as part of Revenue Procedure 2024-40. These limits undergo annual adjustments to account for inflation. 2025 Medical FSA Contribution Limits (including limited and combination FSAs) 2024: $3,200 per year 2025: $3,300 per year 2025 Medical FSA...
If you’re an employer, is your in-house benefits administration team struggling to juggle the multitude of complexities behind running a successful benefits administration program? Are you spending too much time and resources trying to keep up to date with compliance changes and providing the technology and services your employees need for a positive benefits experience?...
Whether you’re transitioning from your parents’ insurance, landed your first full-time job or are simply obtaining coverage for the first time, choosing health plans and employee benefits can be overwhelming. You’ll likely hear a lot of terms and acronyms that you’ve never heard before. For starters, let’s look at a few considerations when evaluating health...
According to the Bureau of Labor Statistics, employers typically pay around 80% of traditional employer-sponsored healthcare plans on behalf of employees. With rising healthcare costs, your business is most likely struggling to solve this key problem: how to maintain financial stability while providing robust benefits to your employees. But what solutions can actually provide benefits...
The concept of work-life balance has become more than just a buzzword; it’s a necessity for employee satisfaction and retention. According to WorkLife.news, employers are increasingly recognizing the importance of providing ample time off to their employees with more than 80% of U.S. employers planning to change their leave policies over the next two years....
Did you know employers can enhance their benefits offerings by incorporating voluntary benefits? What exactly are voluntary benefits and how can employers design an effective plan? We sat down with Hugh McDaniel, manager of channel partnerships at WEX, to get his insights on crafting voluntary benefits plans that meet the diverse needs of employees. ...
For many, winter is a wonderful time of year. For others, it’s a season filled with sinus problems and colds. If winter is a time when you are frequently ill, flexible spending and health savings accounts can help cover your costs. We’ve created a list of common items that FSA and HSA funds can be used on.
Back Pain
Many people have occasional back pain that acts up in the cold. Items such as hot and cold packs and heating pads are eligible purchases that are very helpful at alleviating pain.
Sore Eyes
Winter brings not only frigid temperatures and snow, but also dry air. Less moisture in the air increases the likelihood of sore eyes and headaches to occur. Having a therapy eye mask and over-the-counter eye drops on hand can help in a pinch.
Dry Nasal Passages
With the cold weather comes dry sinuses. Dry sinuses can make a person miserable. Luckily, there are ways to feel better. Neti pots, steam inhalers and nasal saline sprays are all covered expenses that can help make winter a little easier.
Asthma
Many Americans suffer from asthma. Asthma is a condition that affects a person’s lungs and makes breathing hard at times. Winter can exacerbate symptoms due to the frigid air and being indoors more. Asthma-related products, such as oxygen flow monitors and asthma delivery devices, can help.
Winter survival kit
Before enjoying all that winter has to offer, be sure to pack a winter survival kit. Winter weather can be unpredictable, and it change quickly. Having an emergency kit available in your car and even your house can be beneficial. Contents could include, gauze, bandages and a first-aid kit.
The information in this blog post is for educational purposes only. It is not investment, legal or tax advice. For legal or tax advice, you should consult your own counsel. To stay up to date on benefits trends and insights, subscribe to our blog.
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