Plan selection mistakes

Understanding HSAs, HRAs, and FSAs

When preparing for open enrollment, it is important to understand your options. Health Saving Accounts (HSAs), Health Reimbursement Arrangements (HRAs), and Flexible Spending Accounts (FSAs) are often offered in conjunction with a health plan. Knowing the advantages of each can allow for an easier open enrollment process. Health Savings Account …

Plan selection mistakes

Choosing a Health Plan

As an employer choosing which health plan to offer, many considerations must be taken. In a perfect world, an employer chooses a plan that keeps costs down but also fits employees’ needs, boosting overall satisfaction and retainment. However, finding that perfect combination isn’t always easy when there are so many …

Plan selection mistakes

Vision Insurance

July is Healthy Vision Month, a time to spread awareness and advocate for healthy vision. Eye health directly impacts your performance and safety at home and in the workplace. Vision insurance is one of the more popular voluntary benefits offered by employers. Preventative health, through routine eye exams, is an …

Plan selection mistakes

Commuter Benefits

With gas prices on the rise, commuter benefits are becoming increasingly popular. Through employers, commuter benefits allow employees to use tax-free dollars on commuting expenses, saving employees money on annual taxes. Qualified expenses may include: Parking costs – parking on or near the business premises. It could also include parking …

Plan selection mistakes

Spending FSA Money on Summer Fun

For most, Memorial Day is the unofficial start of summer. This weekend numerous families will flock to the beach, go camping, or grill in the backyard. Outdoor activities will become much more common and popular as the weather warms. If you are planning to spend time outdoors, you need to …