Navigating Inflation and the Strategic Role of Employee Benefits
In the dynamic landscape of the modern workforce, employers and HR professionals are faced with the challenge of not only attracting top talent but also ensuring the well-being of their existing employees. One often-overlooked aspect that plays a pivotal role in employee satisfaction, particularly during times of inflation, is the impact of rising costs on […]
Celebrate National Financial Awareness Day with BRI and Inspira Financial
Join BRI, an Inspira Financial solution, and Inspira Financial in celebrating National Financial Awareness Day on August 14th! On National Financial Awareness Day, we have the chance to examine how wealth and health solutions interact to give real benefits to individuals. The modern workforce depends on companies to offer benefits that are well-considered and practical. […]
Provide Retirement Benefits and HSAs to Empower Employees
It’s critical for businesses to highlight employee financial wellbeing leading up to August 14th, National Financial Awareness Day. Financial wellbeing affects more than just an individual; it also has a significant impact on the overall health of a business. Stress related to money can affect an employee’s general well-being, job happiness, and productivity. Because they […]
Managing Employment Complications and Pre-Tax Benefits
Facing unemployment or managing a $200 monthly commute can be challenging. While we can’t offer a magic solution, we can provide practical advice on utilizing pre-tax benefits to improve your situation. Managing Job Loss with COBRA Job loss can be a stressful experience, especially when it comes to maintaining coverage for you and your family. […]
Do Your Employees Understand Qualifying Life Events?
More seasoned employees may be aware of what qualifying events are and the impact they have on pre-tax elections, but newer employees may not be as familiar with the changes involved. Even employees with good intentions might forget to adjust their pre-tax elections to reflect their updated status following a qualifying life event. To assist […]
Why you should wear sunscreen even when it isn’t sunny
Beauty is only skin deep… but your skin is seven layers deep, so if you’re on a mission to maintain your beauty and health, here are some considerations centering on sunscreen. What happens to your skin when you don’t use sunscreen? Most of us know what happens when we do apply sunscreen: it prevents sunburns […]
Tips for the Early Plan Year
Pre-tax benefits are a powerful tool for saving money and maximizing your income. From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. As the new plan year kicks off, it’s the perfect time to dive into the basics, understand how these benefits work, […]
What These 10 Common Pre-tax Terms Really Mean
Navigating the world of pre-tax benefits can sometimes feel like deciphering a complex code. With terms like “substantiation” and “HRA” it’s no wonder many find themselves scratching their heads in confusion. Yet, understanding these terms is key to unlocking the full potential of pre-tax benefits. Whether you’re a seasoned benefits administrator or new to the […]
Navigating HSAs and the Health, Wealth, and Wellness Triangle
In today’s dynamic workplace landscape, employers are realizing that fostering employee well-being extends far beyond traditional compensation packages. The Health, Wealth, Wellness Triangle has emerged as a framework that acknowledges the interconnectedness of personal health, financial stability, and overall wellness. At the heart of this triangle lies Health Savings Accounts (HSAs), offering a unique opportunity […]
The Harmony of Health and Wealth with HSAs
A key player in the balance between health and wealth is the health savings account (HSA). Beyond being a traditional healthcare benefit, HSAs provide a win-win situation for both employers and employees. Understanding HSAs Health Savings Accounts are tax-advantaged savings accounts designed to help individuals and families with high-deductible health plans (HDHPs) cover medical expenses. […]
5 Myths About Pre-tax Benefit Accounts
Whether you are a participant exploring your benefit options or an employer preparing a benefits package, you may have formed certain myths about pre-tax benefit accounts. In a perfect world, we would all have a clear understanding of the different types of accounts that exist and understand how each can provide certain benefits and advantages. […]
Maximizing Health Savings and Financial Flexibility through a Well-Designed Benefits Package
Organizations are continuously looking for strategies to draw in and keep top talent in the highly competitive employment market of today. An excellent benefits package is one important component that is vital to this effort. Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are two of the most effective instruments for optimizing health savings […]
Unveiling the Power of Pre-Tax Benefits on Nurturing Employee Well-Being
Blue Monday, often dubbed as the gloomiest day of the year, casts a shadow over the workplace, affecting employee morale and mental health. As businesses navigate the challenges of a rapidly evolving professional landscape, prioritizing employee well-being has become more critical than ever. Understanding Blue Monday Blue Monday typically falls on the third Monday of […]
Top Ten Weirdest Eligible Expenses
Acupuncture. Dog food. Motion sickness wristbands. What do these three items have in common? They’re all eligible medical expenses under your health accounts. We looked far and wide to identify the Top Ten Weirdest Eligible Expenses. And the results are… 1. Acupuncture First, treat yourself to an acupuncture appointment and let them stick it to […]
Tips and Resources for Every New Plan Participant
After much consideration, you’ve made the wise decision to enroll in a pre-tax benefit plan. As a new plan participant, you will experience significant savings on eligible items and services in the coming months! To help you make the most of your account(s), here are some helpful reminders, tips and valuable resources. How do I […]
New to Benefits Education Series for HR Professionals and Advisors
In the ever-evolving realm of employee benefits, staying ahead of the curve is essential for HR professionals and benefits advisors. Understanding the intricacies of pre-tax benefit plans and COBRA regulations is crucial, but for those new to the field, it can be a challenging endeavor. Recognizing this need, Benefit Resource (BRI) has introduced a groundbreaking […]
4 Life Hacks to Extend the Value of Your Benefits
We are all faced with choices every day which can lead you to save time or money. You might plan for retirement by contributing to a 401k plan. Use paid time (and personal savings) for a relaxing vacation. Take out a life insurance policy for added peace of mind. The importance of employee benefits should […]
Compare: Medical FSA and Dependent Care FSA
If you’re wondering what the difference is between a Medical Flexible Spending Account (Medical FSA) and a Dependent Care Flexible Spending Account (DC FSA), you are not alone. Maybe you didn’t realize there is more than one type of FSA to choose from. Participants often do not understand that separate elections must be made for […]
Health and Wellness Initiatives to Boost Employee Morale in the Winter Months
As the winter months roll in, many employees can experience a dip in their morale due to factors like cold weather, shorter daylight hours, and holiday stress. As employers and HR professionals, it’s essential to take proactive measures to boost employee morale during this time. A well-rounded approach to health and wellness initiatives can make […]
Register for Our Upcoming Webinar: Hot Trends in Benefits for this Open Enrollment Season
Get ready to supercharge your open enrollment season with our upcoming webinar, “Hot Trends in Benefits for this Open Enrollment Season.” In today’s ever-evolving workplace landscape, staying ahead of the curve is essential, and we’re here to guide you through the latest trends and innovations in employee benefits. Whether you’re an HR professional, a benefits […]
Preparing for The Upcoming Enrollment Season
Over the last few years, changes in healthcare industry policies and consumer preferences have resulted in significant shifts in plan design and employee benefit preferences. Employers who understand these changes will be better equipped to create benefit plans that align with their employee’s needs and attract the best talent. In this comprehensive guide, we’ll take […]
How to Lower Out-Of-Pocket Healthcare Costs
Rising healthcare costs in the U.S. are leading many Americans to avoid medical care due to financial concerns. Employers can play a vital role in mitigating this issue by implementing small changes. The U.S. has exorbitant healthcare expenses, reaching $4.3 trillion with significant medical debt. To address this challenge, Becky Seefeldt, VP of Strategy at […]
Say this, not that: Taboo words in your benefits communication
We wrote a piece on benefits communication a while ago, focused on clearing up 9 confusing benefits terms. Benefits are a tricky topic. That includes pre-tax benefits. This makes proper benefits communication crucial. So, knowing that benefits communication is complicated (even if it’s not intentional), this blog will equip you to reframe confusing Open Enrollment […]
The True Value of Employee Benefits
As the business landscape evolves, companies often face the challenge of managing costs while maintaining a productive and satisfied workforce. According to Care for Business research, over 40% of HR leaders plan to recalibrate or trim their benefits offerings in the coming year. While the immediate cost-saving benefits may seem tempting, slashing employee benefits can […]
