5 FSA Facts and Myths Flexible spending accounts (FSAs) have existed since the 1970s and are designed to help employees pay for qualified out-of-pocket expenses with pre-tax dollars. These accounts offer tax advantages that can reduce your overall taxable income, making them a smart option for many people managing health care or dependent care [...]
HSA/HDHP Limits Will Increase for 2026 HSA/HDHP Limits The following chart shows the HSA and HDHP limits for 2026 compared to 2025. It also includes the catch-up contribution limit that applies to HSA-eligible individuals age 55 and older, which is not adjusted for inflation and stays the same from year to year. [...]
5 HSA Facts and Myths Established in 2003, health savings accounts (HSAs) offer individuals a tax-friendly way to set aside money for medical expenses. They are an innovative, flexible way to save money and pay for health care expenses now and in the future. If you have a high deductible health plan (HDHP), an [...]
HSA/FSA/HRA Comparison Chart Overview HSA Health FSA Traditional HRA What is it? Tax-advantaged employer plan that reimburses employee medical expenses. Tax-advantaged employer plan that reimburses employee medical expenses. Tax-advantaged employer plan that reimburses employee medical expenses. What are some advantages to it? HSAs make an employer's benefits package more attractive by helping employees pay [...]
When Should Working Employees Enroll in Medicare? Know Your Benefits As you approach or have already reached the age of 65, a significant milestone awaits: enrollment in Medicare. Whether you’re continuing to work or transitioning into retirement, understanding the ins and outs of Medicare is crucial for securing your health care coverage and bolstering [...]
Employer Contributions to Health Savings Accounts (HSAs) Employers who sponsor high deductible health plans (HDHPs) often contribute to employees’ HSAs to help offset their out-of-pocket medical expenses. These contributions are generally excluded from employees’ gross income and are not subject to income or employment tax withholding. However, an individual’s HSA annual contribution limit is [...]
Using Health FSAs and HSAs for Weight Loss Programs and Drugs Health flexible spending accounts (FSAs) and health savings accounts (HSAs) are tax-advantaged accounts that can be used to pay out-of-pocket costs for qualified medical expenses that are not covered by a health plan. Qualified medical expenses must be incurred primarily to alleviate or [...]
Investing for the Long Haul Financial market ups and downs are challenging, to say the least, for many investors. Saving for retirement makes you a long-term investor, but it is important that you shape your investment strategy by revisiting a few fundamental investment concepts every 6 to 18 months, regardless of market conditions. Revisit [...]
Best Practices for Preparing for Immigration Raids The federal government has recently increased its immigration enforcement efforts. This trend will likely continue in the foreseeable future, increasing employers’ potential risk of being subject to worksite enforcement action. These enforcement actions disrupt an employer’s business operations and carry consequences, including civil and criminal penalties. Establishing [...]
5 Attraction and Retention Trends to Monitor in 2025 Employers will likely continue to struggle to attract and retain talented employees this year. In fact, an EY report found that 38% of employees are likely to leave their jobs in 2025. Despite looming employee turnover in 2025, employee quits consistently decreased throughout 2024. This [...]
