Extensis

JULY 12, 2022

Alternatively, an FSA is a designated account owned by an employer to save money to be used for out-of-pocket healthcare costs without being taxed. In 2021, Fidelity reported a 50% increase of HSA assets over a year. Research shows 43% of employees who resigned in 2021 cited “not having good benefits” as a reason for leaving.

Retirement 93

Retirement Payroll Compensation Wellness 93

Zenefits

JANUARY 4, 2021

Now as we venture into 2021, more pivots await. To help you prepare, we’ve rounded up human resources, benefits, and payroll compliance trends to look out for in 2021. HSAs, HRAs, and FSAs. The forecast estimates that by the end of 2021, we will see 25-30% of U.S. Considerations when setting cost-sharing amounts for 2021.

HR Software 69

HR Software Payroll Compliance HR Planning 69

Benefit Resource Inc.

OCTOBER 20, 2020

But, with a year like 2020, it might take just a few extra steps to COVID-proof your election for 2021. Routine Care. Historically, you were able to plan for many elective procedures and fund your FSA accordingly. Even if optical centers are closed, your contacts and glasses purchases are safe bet for reimbursement from an FSA.

Planning Tools 40

Planning Tools Policies Metrics Trends 40

Benefit Resource Inc.

DECEMBER 30, 2020

We are excited to provide you with some additional insight into the FSA relief options for Health and Dependent Care Flexible Spending Accounts, included in the year-end spending bill signed into law on December 27, 2020. FSA Relief Considerations Q&A. Increase or decrease existing elections.

Resources 52

Resources Examples Compliance Training ATS 52

Business Management Daily

JANUARY 5, 2021

The new COVID relief package included in the Consolidated Appropriations Act, 2021 (H.R. Relief for health savings accounts and dependent care assistance plans. The COVID relief package extends paid sick and family leave , and your tax credits for providing through March 31, 2021. Temporary disaster tax relief.

Payroll 52

Payroll Groups Employment Law Report 52

Zenefits

OCTOBER 1, 2021

Unlike standard healthcare plans, most preventative care is completely covered by the plan in-network. An HDHP is the only health care plan that’s eligible for a Health Savings Account (HSA), and it’s very common for employees to combine the two. Finally, an employee’s HSA is not dependent on the employer.

Comparison 36

Comparison Benchmarking Retirement Examples 36

Business Management Daily

OCTOBER 28, 2021

Many employers base paid time off limits, rollovers, and accrual timelines on the employee’s hire date rather than the calendar year. However, if your company does use the calendar year rather than the employee’s anniversary date for annual PTO limits, let employees know what will happen to unused PTO balances.

Payroll 52

Payroll Compliance Wage and Hour Training Hiring Software 52

Stratus

DECEMBER 13, 2021

‘Tis the season to make and finalize FSA contributions for the 2022 plan year. If you’d like to tax-shelter a portion of your income for 2022, please see the increased contribution amounts below for both Flexible Spending Account (FSA) and Health Savings Account (HSA) participants. What is the 2022 FSA contribution limit?

Productivity 80

Productivity ATS Company 80

Benefit Resource Inc.

DECEMBER 2, 2021

2022 Changes to Dependent Care. A Dependent Care Flexible Spending Account (often shortened to ‘Dependent Care FSA’) is a pre-tax benefit account used to pay for eligible services such as preschool, summer day camp, before/after school programs, and child or adult daycare. Who is Eligible?

Time and Attendance 105

Time and Attendance Resources Compliance Training 105

Extensis

APRIL 26, 2023

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. increase over seven years, up from just over 30% in 2013. That’s an 83.7% As SHRM explained , there is a projected 7.4

HR Planning 52

HR Planning Payroll Talent Experience Employee Benefits 52

Benefit Resource Inc.

NOVEMBER 1, 2018

But since we are assuming the stars aligned, let’s create a vision of full HSA expansion: First, HSA contribution limits double. Loosen Medical FSA Restrictions. Medical FSAs have the unique benefit of being available on the first day of a plan year. However, current restrictions and limitations stifle its use.

Planning Tools 49

Planning Tools Survey Resources ATS 49

Zenefits

APRIL 12, 2022

A family caregiver is anyone who takes care of a dependent child or elderly parent. People caring for an older parent or loved one typically aren’t compensated, so this role is sometimes referred to as an unpaid caregiver. Have you anticipated the needs of your employees caring for their elderly parents?

Retention and Turnover 36

Retention and Turnover Hiring Software How To Onboarding Software 36

Zenefits

JUNE 16, 2022

There are currently two main types of FSAs — medical and dependent care accounts. Each has specific guidelines and limits of use, and several updates have been made over the decades. Who benefits from FSAs? There are no laws requiring businesses to offer FSAs to their staff. Any of the above. Back to Vote.

HR Software 41

HR Software Payroll Hiring Software Planning Tools 41

Benefit Resource Inc.

MARCH 25, 2022

Over the past few years, ECFC has really been a strong advocate for many of the FSA relief efforts that we saw during the pandemic. We also saw the positive results of our advocacy efforts when OTC Drugs & Medicines once again became eligible under FSAs, HSAs, and HRAs. One of those areas is under the affordability umbrella.

Conference 74

Conference Planning Tools Background screening Trends 74

Benefit Resource Inc.

JANUARY 11, 2021

While there have been marginal increases since nationwide lockdowns in the Spring of 2020, Time.com reported in December 2020 that the New York City Metro remains down 67-72%, San Francisco BART system remains down 88% from its baseline and Washington D.C. Expansion of Dependent Care Benefits. ridership levels are down 86%.

Planning Tools 40

Planning Tools System Policies Report 40