New 2012 Health Savings Account Contribution Limits The IRS has set the HSA contribution limits for 2012 is shown below: The IRS has released the 2012 cost-of-living adjustments affecting HSAs. The HSA contribution limits and HDHP out-of-pocket maximums will increase slightly, while the HDHP minimum required deductibles remain unchanged. Here are the details: · HSA Contribution Limits. [...]
Benefits of Health Care – HRAs Help Introduce Employees to Health Care Consumerism Discussions of consumer-directed health plans frequently focus on high-deductible health plans coupled with health savings accounts (HSAs). Sometimes overlooked are health reimbursement arrangements (HRAs) or a cafeteria plan, employer-funded accounts that can be a solid first step in transitioning to a consumer-directed [...]
USING YOUR FLEX DEBIT CARD FOR PRESCRIPTIONS AND ELIGIBLE OVER-THE-COUNTER ITEMS IS EASY! Use your flex debit card at merchants which can identify FSA/HRA eligible expenses. You can determine if a merchant is participating by referencing the list below. Check the list to find your store before you order prescriptions or shop for eligible over-the-counter [...]
Communications are key when starting a Health Savings Account or Health Reimbursement Account Employers’ experience in implementing consumer-directed health plans (CDHPs)-typically a high-deductible health plan in tandem with either a health savings account (HSA) or health reimbursement account (HRA)-shows that enrollment figures can be very different from one company to the next. However, when workers [...]
Whether an employee is old, young, male, or female, they most likely already understand the value and importance of benefits like dental insurance, health insurance, and 401(k)s. That said, the consulting and research firm LIMRA surveyed 1,500 U.S. employees and found that 40% of them didn’t know the cost of their health insurance. Furthermore, of [...]
Three Points to Consider Before Altering Your Employee Benefits Plan Just like most employees, most businesses start to look at ways they can cut their expenses during difficult economic times. One common focal point of such is employee benefits programs, especially in the area of health benefits. Considering that health benefits are frequently the most [...]
Employee job dissatisfaction is running high these days, meaning that, as the economy recovers, they are more likely to seek new employment opportunities. This finding, from a MetLife survey, indicates employers would be well-advised to work now on strategies geared toward improving employee loyalty and retention down the road. The MetLife survey, its 9th Annual [...]
What does it take to keep employees happy? Between the elevated food, transportation, and energy prices; plunging home values; and volatility surrounding the investment market, consumer attitudes have been shaken to their core. Businesses of all trades are feeling the pinch as the consumer’s belt is forced to steadily tighten. Human resources (HR) departments particularly [...]
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