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. ...
May is Mental Health Awareness Month, an opportunity to raise awareness and reduce stigma surrounding mental health issues in the workplace. With the ongoing COVID-19 pandemic and its impact on our daily lives, mental health awareness is more important than ever before.
As an HR representative or benefits decision-maker, you have a responsibility to support your employees’ mental health and wellbeing. But what can your employees do to raise mental health awareness in the office, especially during Mental Health Awareness Month? Let’s explore some ideas and activities you can implement in the office this May!
Organize Mental Health Activities
Employees can organize mental health activities in the office to raise awareness and reduce stigma. This could include lunch-and-learns on mental health topics, yoga/meditation sessions or mental health first aid training. Encouraging participation in these activities can help employees learn about mental health, reduce stress and build supportive relationships with their colleagues. That’s why it’s just as important to make sure these activities are integrated into the workday and there’s buy-in across leadership for anyone to take part, no matter what department they’re in.
Invite Employees to Start the Conversation
One of the most important steps in raising mental health awareness is to start a conversation. Employees can initiate discussions about mental health by sharing their own experiences or asking others how they’re doing. One way to spark conversation is through weekly discussions around an open-ended topic throughout May covering mental health. Creating a safe and supportive environment where people feel comfortable talking about their mental health is crucial to breaking down stigma and encouraging help-seeking behaviors. Watch our Benefits Buzz podcast episode below to learn more about the value of these conversations and how you can help remove any stigma around mental health in your office.
Sharing Resources
There are many resources available to help people learn more about mental health and how to support themselves and others. Consider posting a bulletin board in-office dedicated to sharing mental health resources. Common resources include Employee Assistance Program (EAPs) or mental health hotlines. Make sure that your colleagues know that they can ask for help through these resources if they need support.
Encourage Self-Care
Encourage your colleagues to prioritize their own mental health by practicing self-care by yourself and with colleagues. Throughout the month of May, encourage your staff and peers to:
To further support these initiatives consider providing quiet spaces, meditation rooms or even a relaxation room. By normalizing self-care, you can help reduce the stigma around taking care of one’s mental health.
Address Workplace Stressors
Workplace stress can have a significant impact on mental health. If you notice that certain workplace stressors are contributing to poor mental health, speak up and advocate for change. Encourage colleagues to voice concerns with open dialogue, promoting inclusivity and openness. Some topics to address can include:
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.
Flex Plans
Forms
HSA
HRA
Retirement
Health Shopper
FSA Store