What employers ask when considering outsourcing benefits admin

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...

Increasingly, employers are offering a lifestyle spending account (LSA) as a way to support their employees’ wellness needs. Among our direct clients, we saw a 77% increase in clients offering an LSA in early 2022 year-over-year.  If you’re new to...

Did you recently elect to participate in a medical flexible spending account (FSA)? If you’re a first-time medical FSA participant, you may not be familiar with FSA definitions and rules. We’ve provided a list of the top things a first-time...

The IRS has created two sets of Affordable Care Act (ACA) codes to provide employers with a consistent way to describe their medical benefit offerings to their employees. Each code indicates a different scenario regarding an offer of coverage, or...

If you rely on the honor system for your company’s benefits enrollment, you could be picking up the tab for ex-spouses, adult children, or others who are not eligible to be covered. On average, we’ve found that 3-5% of the...

Voluntary benefits give employees the opportunity to further customize their benefits package to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings....

How well do you understand how your employees are using their health savings accounts (HSAs) or flexible spending accounts (FSAs)? With open enrollment here for many of you, we’ve compiled some benefit trends we’ve identified based on participant habits to...

According to a recent report, 90 percent of companies said they will require employees to return to the office at least part of the week in 2023. There are a variety of business-case reasons for a return to the office....

National HSA Awareness Day is today! Every year on October 15, we join forces with our partners, employers, and other industry experts to share the value of health savings accounts (HSAs). With inflation and a declining financial market resulting in...

While health savings accounts (HSAs) can be used for saving, spending, and investing, many HSA participants are simply using the accounts to save on their needs today. Valeria Sauceda, senior implementation manager at WEX, comes from a family full of...