Open Enrollment

How much should I contribute to my health savings account (HSA) each month? The short answer: As much as you're able to (within IRS contribution limits), if that’s financially viable. If you’re covered by an HSA-eligible health plan (or high-deductible...

Employer benefits are a key differentiator for your employees. With open enrollment around the corner, it’s imperative to streamline the process in order to provide clarity on options and save you, and your employees, time.  As you plan for a...

Open enrollment is around the corner for many of you. It’s your best chance to evaluate your healthcare needs and identify opportunities to better support yourself and your family. However, a whopping 92 percent of employees stick with the same...

The IRS released 2023 contribution limits for medical flexible spending accounts (medical FSAs), commuter benefits, and more as part of Revenue Procedure 2022-38. Limits are adjusted annually to reflect inflation.  2023 medical FSA contribution limits (including limited and combination FSAs)...

By Jessica Shawn Human Resources Business Partner at WEX The time is now to disrupt open enrollment! While much of the work in the last months has been focused on rate renewals and designing your benefit offerings, the focus must...

Benefits decision-making can be a daunting task for employees during open enrollment. And the current inflation rate makes these decisions even more important. With open enrollment right around the corner for most employees, here are the top benefits administration trends...

A dependent care flexible spending account lets participants set aside pre-tax dollars to help pay for dependent care. Contributing to this benefit reduces taxable income and spreads the benefits of pre-tax dollars throughout the year, helping you save 30 percent...

Your health plan drives many of your decisions during open enrollment. One emerging trend is employers offering their employees health plan options. Nearly two-thirds of large employers provide their employees with the choice of a high-deductible health plan (HDHP) and...

Creating a premium benefits experience is a key way companies differentiate themselves in a competitive labor market. But, too often, benefits selection is treated as an annual event instead of an ongoing and evolving journey.  However, with clear goal-setting, you...

Contributions are tax-free. Earnings (through interest or investment) are tax-free. And withdrawals for eligible expenses are tax-free. What’s not to love about health savings accounts (HSAs)?  What might be holding you back from participating in an HSA for the first...