July 15, 2020 by WEX Health
The financial wellness of your employees is a contributing factor to their success and happiness. And it also impacts your company’s productivity. According to a WEX Health report, nearly 20 percent of employees reported that they lacked confidence in their...
July 10, 2020 by WEX Health
Do High-Deductible Health Plans (HDHPs) need Health Savings Accounts (HSAs)? Not necessarily. To participate in an HSA, you must be enrolled in an HDHP. However, the reverse isn’t true: If you’re enrolled in an HDHP, you’re not required to participate...
June 29, 2020 by WEX Health
In March, many Americans let out a sigh of relief when the IRS announced it was extending the deadline for taxpayers and businesses to file their 2019 taxes from April 15 to July 15 because of the COVID-19 pandemic. But...
May 21, 2020 by wexmarketing
The IRS has released 2021 Health Savings Account (HSA) contribution limits and 2021 High-Deductible Health Plan limits as part of Revenue Procedure 2020-32. These limits are: 2021 HSA limits: HSA 2020 2021 Self-only $3,550 $3,600 Family $7,100 $7,200 The 2021...
May 19, 2020 by wexmarketing
It’s been a busy few weeks for employee benefits and COBRA changes. We wanted to update you on the latest notices that have been issued by federal agencies. On April 28, 2020, the U.S. Department of Labor and IRS issued...
February 7, 2019 by WEX Health
For the past five years, Sibson Consulting has released its annual College and University Benefits Study (CUBS), which analyzes benefit programs data from hundreds of higher education institutions to determine what colleges and universities are doing to attract and retain...
May 17, 2018 by WEX Health
05/17/2018 by Chad Wilkins, executive vice president of Webster Bank and president of HSA Bank At HSA Bank, a division of Webster Bank, N.A., our goal is to empower consumers to make the most of their healthcare dollars. We...
August 31, 2017 by WEX Health
Getting geared up for open enrollment? Organizations everywhere are reviewing benefit offerings and preparing their process for this annual fall ritual. Employers are seeking to balance their healthcare spend with providing the support their diverse workforce needs. A key strategy...
May 8, 2017 by WEX Health
Health Savings Accounts have received a lot of attention over the past few months as the accounts manifest themselves as a leading option for certain employees enrolled in a high-deductible health plan, allowing these employees to contribute money pre-tax for...
February 17, 2017 by WEX Health
The only constant in the healthcare benefits environment is change. As 2017 marks a “changing of the guard” in the political world, a year in which technology is improving, and a year in which you will need to compete aggressively...
