Auxillium West

JANUARY 3, 2022

Below is a chart that compares the 2022 limitations to 2021. (1) 2022 Limits. 2021 Limits. 401(k) Pretax Contribution Limit. 401(k) catch-up contribution limit. HSA contribution limit for individuals. Health Savings Account (HSA) contribution limit for individual coverage.

Retirement 40

Retirement Survey Wellness Productivity 40

Zenefits

JUNE 15, 2022

Those in High Deductible Health Plans (HDHPs) with Health Savings Accounts (HSAs) shouldn’t be surprised to learn that starting on Jan. Changes in HDHP deductibles will begin on or after that date. The IRS released Revenue Procedures 2023 , which raises: HSA contribution limits for employers and employees.

Payroll 36

Payroll Talent Experience Onboarding Retirement 36

Extensis

APRIL 19, 2023

Quick look: New legislation under the Consolidated Appropriations Act (CAA) was enacted late last year, affecting employee retirement benefit and health plan laws for 2023 and beyond. However, the new CAA guidelines extend a provision first established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020.

Guidelines 52

Guidelines Retirement Employee Benefits Compliance 52

Tango Health

FEBRUARY 12, 2019

One particularly common area of concern is handling HSA rollovers during the transition from one year to the next. HSA rollover: the basics HSAs (Healthcare Savings Accounts) are popular with employees that subscribe to high-deductible health insurance policies. Two types of HSA rollovers 1.

Planning Tools 47

Planning Tools Policies Software Resources 47

Benefit Resource Inc.

FEBRUARY 7, 2019

New posts are published the first Thursday of every month in five year increments. Her company offers two health plan options: a co-pay plan and a high deductible health plan (HDHP) with an HSA. What makes an HDHP a good idea? With the HDHP and an HSA, our deductible for the year is $4,000.

Retirement 45

Retirement Payroll Company Compliance Training 45

Zenefits

JULY 21, 2020

To help your small business employees pay for medical, dental, vision, and prescription expenses, you can offer a: Health Savings Account ( HSA ). Employees can pay for the expenses out of pocket and then apply for tax-free reimbursement through the HSA, FSA, or HRA. Flexible Spending Account ( FSA ). OTC drugs/ medicines.

Productivity 36

Productivity Meeting 36

Benefit Resource Inc.

DECEMBER 30, 2021

This is where many Human Resources professionals find themselves these days as they try to navigate alterations to their benefits and the effects of new and expiring legislation. New Limits to FSAs, HSAs, Commuter Benefits for 2022. The IRS sets the annual limits for many benefits based on inflation factors.

Planning Tools 40

Planning Tools System Resources Trends 40

Extensis

JUNE 14, 2023

National Family Month is a reminder to look at family benefits in a new light and ensure inclusive plans are in place. When fertility treatment was first introduced, it was a novel concept limited to a select few and largely kept private. Employees want to ensure their benefits are extended to their families whenever possible.

Recruiting Software 81

Recruiting Software Talent Experience Recruitment Planning Tools 81

PlanSource

APRIL 1, 2021

Questions were paramount and answers were limited. Now, firmly into a new year we’re happy to announce that we do , in fact, have answers. 2) The Continued Popularity of HDHP/HSA’s . Over the past 5 years the participation of HDHP’s have held around 50% of employers on the PlanSource platform offering them.

Benchmarking 52

Benchmarking Hiring Software Planning Tools HR Software 52

HR Daily Advisor

JULY 17, 2018

As a result, employers are expanding financial wellness programs and finding new ways to educate employees about spending or saving for a rainy day or retirement. But there is another option that is attracting attention for its savings potential: the health savings account (HSA). HSA investment assets grew to an estimated $8.3

Strategy 59

Strategy HR Planning Retirement Planning Tools 59

Business Management Daily

SEPTEMBER 22, 2021

Employees get to select a new plan for their health insurance and opt into other employee benefits for the next year. If your team has grown significantly since the last open enrollment or if you’ve opened new locations or moved to remote work, it may be time to expand your offerings. The IRS sets annual HSA contribution limits.

Planning Tools 90

Planning Tools Onboarding Software HR Software Recruiting Software 90

InfinityHR

SEPTEMBER 13, 2019

Did you know that there is a rising trend within workforce benefits that includes supplementing traditional employee retirement options such as 401k, 403(b) SEP and more with a Health Savings Account (HSA)? According to Fidelity Investment Research, an HSA can add an additional $119,000 in retirement savings for employees.

HR Software 40

HR Software Planning Tools Onboarding Software Retirement 40

PlanSource

MAY 29, 2019

HSA and FSA and HRA—oh my! Health Savings Account (HSA). The employee owns the HSA, the funds never expire and the funds can roll over to a different employer. There are four different types of FSAs: medical, limited medical, combination and dependent care. HSA vs FSA vs HRA. Health Reimbursement Account (HRA).

Planning Tools 40

Planning Tools Benchmarking HR Software Examples 40

Genesis HR Solutions

SEPTEMBER 22, 2020

Onboarding new hires? Health Savings Account (HSA). Sometimes referred to in the same conversation as an FSA, an HSA is a savings account that lets employees set aside money on a pre-tax basis to pay for qualified medical expenses. An HSA can be used only if employees have a qualified High Deductible Health Plan (HDHP).

Employee Benefits 98

Employee Benefits Hiring Software HR Planning Planning Tools 98

Zenefits

JANUARY 13, 2022

By the end of each year, the Internal Revenue Service (IRS) announces benefits plan limits for the upcoming year — and the numbers are in for 2022. 401(k) limits. The catch-up contribution limit (for age 50 or older) remains unchanged at $3,000. FSA limits. HSA and high deductible health plan (HDHP) limits.

Planning Tools 36

Planning Tools Zenefits Retirement Compliance 36

Corporate Synergies

AUGUST 19, 2019

They need help overcoming HSA challenges. Health savings accounts (HSAs) continue to increase in popularity, but not without issues for both employees and employers. From 2008 to 2018, the total amount deposited in HSAs rose from $5.3 Despite this, HSAs don’t appear to have accomplished their original intent. As Seen In.

Background screening 40

Background screening Planning Tools Payroll Wellness 40

HR Daily Advisor

MARCH 27, 2018

The family contribution limit for a health savings account (HSA) for 2018 was reduced from $6,900 to $6,850 by the Internal Revenue Service (IRS), along with adjustments made to other IRS thresholds to reflect the recent tax legislation. The self-only contribution limit remains unchanged at $3,450. 2018-18, which supersedes Rev.

Planning Tools 29

Planning Tools HR Software Payroll System 29

Embroker

SEPTEMBER 12, 2022

Short-Term Health Insurance: Short-term health insurance plans can provide coverage for a limited period of time (usually up to 12 months). Another way to save on health insurance costs is to participate in a health savings account (HSA) that we mentioned earlier. An HSA allows you to set aside money for health care expenses tax-free.

Planning Tools 98

Planning Tools Screening Groups Retirement 98

Insperity

MAY 13, 2015

The main oversight: Ruling out HSA-qualified plans. First and second time group health insurance buyers usually miss the opportunity to buy a health savings account (HSA)-qualified high-deductible health plan (HDHP). Earnings to an HSA from interest and investments are tax-free. High-deductible health plans.

Groups 42

Groups Retirement Payroll Data 42

Insperity

MAY 13, 2015

The main oversight: Ruling out HSA-qualified plans. First and second time group health insurance buyers usually miss the opportunity to buy a health savings account (HSA)-qualified high-deductible health plan (HDHP). Earnings to an HSA from interest and investments are tax-free. High-deductible health plans.

Groups 40

Groups Retirement Payroll Data 40

HR Daily Advisor

NOVEMBER 13, 2017

Disqualification is an ongoing concern, and there are many ways individuals can make themselves ineligible for HSA contributions. Reminding employees how they can remain HSA eligible is especially important this time of year, as we enter open enrollment season for calendar-year plans. HSA eligibility is determined monthly.

HR Planning 26

HR Planning Hiring Software Planning Tools Retirement 26

Zenefits

OCTOBER 26, 2021

But in the new world of work, HR managers and small business owners have to figure out how to help their in-office and remote employees with open enrollment. For new hires, you may need to explain what open enrollment is. For 2022, the limits are $8,700 for an individual and $17,400 for a family. Preventative care benefits.

How To 41

How To Hiring Software Planning Tools Screening 41

PlanSource

AUGUST 7, 2019

It gives employers a better opportunity to educate their workforce on plan changes and new benefit options. For example, if an employer is introducing something like an HDHP with an HSA, an employee is more likely to review the new plan(s) and reconsider their options. Cons of Active Enrollment.

Planning Tools 40

Planning Tools Assessment Software HR Software Strategy 40

PlanSource

JUNE 13, 2019

Many large industries , including health care, hospitality and retail require employees to be on the go or in the field, which can vastly limit the time they spend on traditional desktop devices. HDHP, HSA—with all of these HR acronyms flying around, it’s no wonder employees can’t keep up with the jargon. Did you know?

HR Software 40

HR Software Planning Tools How To Compliance Training 40

Zenefits

FEBRUARY 9, 2021

Portable benefits — benefits that are tied to the employee, rather than the employer, may seem like a new trend, but some versions of benefits portability have been around for many years. Employees can roll the fund over into a new employer’s plan, convert it to a private 401(k) or leave it as is until they retire.

Hiring Software 41

Hiring Software Planning Tools Retirement Payroll 41

Zenefits

OCTOBER 6, 2021

Employees are now trying to decode jargon like “eligible dependents,” understand ever-changing regulations, and determine the difference between health savings accounts (HSA) and flexible spending accounts (FSA). The good news is that you can help your employees make sense of their health coverage. Deductibles.

Planning Tools 41

Planning Tools Hiring Software Onboarding Software How To 41

Extensis

NOVEMBER 15, 2022

Here’s everything SMB leaders need to know about the upcoming FSA, HSA, retirement, and commuter benefits contribution limits. The IRS recently announced new—and some record—contribution limit increases for retirement savings accounts, flexible savings accounts (FSAs), health savings accounts (HSAs), and commuter benefits.

Retirement 94

Retirement Trends Employee Benefits Competencies 94

Extensis

NOVEMBER 29, 2023

Quick look: A new year is right around the corner, and with it comes a new set of contribution limits for retirement accounts, health savings accounts, flexible savings accounts, and commuter benefits plans. Employers and their staff should review these new figures set by the IRS and adapt their 2024 benefits plans accordingly.

Retirement 78

Retirement Report Compliance Training Wellness 78

PeopleStrategy

FEBRUARY 21, 2024

There are some changes we know about and some that could be coming in new legislation this year. New Transparency Requirements While you are likely working with a benefits administrator, a common practice among many employers, there are transparency guidelines in 2024 to be aware of. In the meantime, here are other areas to mind.

Compliance 130

Compliance Comparison Planning Tools HR Software 130

Extensis

APRIL 26, 2023

Here, we’ll explain what a HDHP is, the value for both the employer and employee and how a PEO can help source and administer. High-deductible health plans (HDHP) aren’t a new offering, but it is steadily increasing in popularity. According to a recent report , a whopping 55% of Americans enrolled in HDHPs in 2021.

HR Planning 52

HR Planning Payroll Talent Experience Employee Benefits 52

Extensis

AUGUST 8, 2022

Quick look: HSAs are a hidden gem that have the potential to benefit clients and their employees, while combatting many of today’s financial and medical inequalities. In this blog, brush up on your knowledge of the latest HSA guidelines as well as how these accounts can better a client’s business and become an integral part of their DEI plan.

Retention and Turnover 94

Retention and Turnover Guidelines Retirement Employee Benefits 94

InfinityHR

JANUARY 25, 2019

So, if you’re someone looking for the most pertinent information on HSA contribution limits and other need-to-know items to prepare for OE, then you’ve come upon the right guide. Now, let’s see if rebuffing these skyrocketing healthcare costs with HSAs may be in your best interest. Families – $7,000 *.

HR Software 45

HR Software Planning Tools Onboarding Software Recruiting Software 45

Zenefits

NOVEMBER 12, 2021

Occurs when an employee’s 401(k) contributions exceed the legal limit. Health Savings Account (HSA). High Deductible Health Plan (HDHP). Out-of-Pocket Limit. Allows participants to transfer money from their 401(k) plan to another eligible retirement plan, such as a new 401(k) or an existing IRA. Plan Administrator.

Employee Benefits 36

Employee Benefits HR Planning Retirement ADP 36

Extensis

SEPTEMBER 20, 2023

There are several types of insurance plans on the market, including but not limited to: Health maintenance organization (HMO) : Allows plan participants to receive medical services from an approved network of providers and doesn’t typically cover out-of-network care unless it’s an emergency. What types of health insurance plans are available?

HR Planning 87

HR Planning Planning Tools Compliance Recruiting Software 87

Benefit Resource Inc.

AUGUST 12, 2020

Pair Your HDHP with an HSA. HSA-qualified plans – also called high deductible health plans (HDHPs) – must meet certain requirements set by the IRS each year. If your plan qualifies, it’s time to offer an HSA to your employees. Jean Sicurella , New England Region | Watch Jean’s full video.

Planning Tools 52

Planning Tools Discrimination eBook Resources 52

InfinityHR

AUGUST 1, 2018

Last Wednesday (7/25), the House of Representatives approved two health care bills that would be used to increase the tax-advantages for healthcare accounts including Health Savings Accounts , Health Reimbursement Arrangements, and Flexible Spending Accounts (HSA, HRA, and FSA respectively). HSA vs FSA vs HRA. What is an HSA?

Planning Tools 45

Planning Tools HR Software Time and Attendance Retirement 45

Zenefits

NOVEMBER 18, 2022

A new year is fast approaching, which means fresh compliance rules are on the horizon for employers. As usual, these requirements include changes to payroll tax rates and employee benefits plan limits. That bit of news has been getting lots of media attention, overshadowing the many increases in store for employee benefits plans.

Planning Tools 36

Planning Tools Payroll Onboarding Software HR Software 36