Download our Healthcare Savings Ebook
One of the most important decisions you can make as an employer is offering competitive benefits packages that entice and retain top talent. Healthcare has always been a core concern for employees, and recent trends show that employees are willing to leave jobs that don’t offer the best healthcare coverage. In today’s world, employer-provided healthcare […]
HR Professionals… What’s Your Problem?
There are many problems facing HR professionals and benefits administrators today. If this is your role, we know you have a thousand to-dos. It can be a “one step forward, two steps back” battle. You can feel like you’re trying to climb a mountain. One of the “mountains” you may be facing is combating rising […]
FSA and HSA Eligible Expenses That May Surprise You
Taking care of our health is a top priority, but it can also be expensive. Luckily, pre-tax savings benefits like FSAs and HSAs can help alleviate some of that financial burden. However, many employees may not realize the extent of which expenses are actually eligible. By taking advantage of eligible expenses, employees can stretch their […]
BRI Events Update
As a leading pre-tax benefits provider, Benefit Resource (BRI) has actively participated in various events to showcase our innovative solutions and expand our network. We recently attended several industry gatherings and plan to attend more in the near future. This blog post will update you on what tradeshows we’ve been to and what shows we plan to attend. For those always on the lookout for the latest employee benefits, this post is for you!
Top 10 things participants need to know about HSAs
As an employer, you want to support your employees’ health and financial well-being. Offering a Health Savings Account (HSA) can be a valuable tool to achieve these goals. An HSA is a tax-advantaged savings account that can be used to pay for medical expenses. It can be a great way to help your employees protect […]
Increase Your Financial Well-Being Through Medical Savings
The cost of healthcare can be daunting, especially for those who do not have adequate savings to cover medical expenses. Fortunately, there are ways to increase your financial well-being through medical savings. One such way is by utilizing health savings accounts (HSAs) and/or flexible spending accounts (FSAs).
Identifying the “Perks” on National Employee Benefits Day
National Employee Benefits Day is celebrated on April 6th. This day is dedicated to recognizing employers’ hard work and dedication that provide valuable benefits to their employees. This year, we celebrate this event amid uncertain times, where the need for good employee benefits has become more critical than ever before. In honor of National Employee […]
Top 9 HSA Questions From Employers and Employees
Health savings accounts (HSAs) are quickly becoming a popular benefit among employers and employees alike, as they offer an easy way to save money on healthcare expenses. But the complex structure of HSA’s can leave employers and employees questioning exactly how HSAs work. BRI’s VP of Strategy, Becky Seefeldt, has taken the time to answer […]
Your Tax Guide to Health Savings Accounts
As an employee with a Health Savings Account (HSA), knowing what you need to report during tax season is important. Even though HSAs can be complex, tax reporting shouldn’t be a headache. In this guide, we’ll cover what you must report for your HSA and how to know what you need to report. With this […]
Register for Our Upcoming Webinar: Helping Employees Navigate Increasing Costs in 2023
BRI is offering a new Health Account Outlook Series, which will tackle a variety of topics affecting health accounts, including generational and behavior trends, consumer attitudes, how legislation and rules impact your strategy, and some of the hidden challenges (and opportunities) of health accounts. Join us for our final session on Wednesday, April 12th at 1:00 PM ET […]
REGISTER FOR OUR UPCOMING WEBINAR: The hidden challenges (and opportunities) of HSAs
BRI is offering a new Health Account Outlook Series which will run through April. In this series we will tackle a variety of topics affecting health accounts, including generational and behavior trends, consumer attitudes, how legislation and rules impact your strategy, and some of the hidden challenges (and opportunities) of health accounts. Join us for […]
Saving vs. Spending: The Difference Between HSAs and FSAs
When it comes to managing the health and well-being of employees, employers must understand what’s best for both their organization and individuals. That includes being aware of how Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) can play a role in helping staff save money—which could result in improved financial security among company members. […]
What You Need to Know About Health Savings Accounts
Health Savings Accounts (HSAs) are tax-advantaged accounts that allow you to pay for medical expenses now and in the future. Whether you already have an HSA or are looking at this account for the first time, BRI is here to share why we love this account so much. HSAs offer several benefits, including tax deductions […]
The Most Surprising Eligible and Ineligible Medical Expenses
Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) are both incredibly valuable benefits to help employees use pre-tax dollars to pay for eligible medical expenses. The IRS defines an eligible medical expense as any expense that is used to diagnose, cure, mitigate, treat, or prevent diseases, or affect any structure or function of the […]
Register for Our Upcoming Webinar: HSAs Are Not One Size Fits All
Join us for Part 2 of our new Health Account Outlook Webinar Series ‘‘HSAs Are Not One Size Fits All” on Tuesday, March 7th at 1:00 PM ET. The BRI Health Account Outlook Series will be tackling a range of topics, unearthing the challenges and opportunities that may arise when preparing strategy for health accounts. As part of this […]
6 tips to help employees manage out-of-pocket expenses
Offering pre-tax benefits is the first step in helping employees lower out-of-pocket expenses, but employers should also make sure to explain the associated financial benefits. Employees have a better chance of managing out-of-pocket spending when they understand how their out of pocket expenses can be reduced and what type of savings will come along with […]
REGISTER FOR OUR UPCOMING WEBINAR: Leverage employee insights for a strategic approach to health accounts
Join Benefit Resource (BRI) for our webinar ‘Leverage Employee Insights for a Strategic Approach to Health Accounts‘ on Tuesday, February 14th at 1:00 PM EDT. BRI is offering a new Health Account Outlook Series, which will run from February 2023 through April 2023. Through this series, we will tackle various topics affecting health accounts, including generational and behavior […]
5 reasons why an HSA is better than you thought
Health Savings Accounts have many advantages, but there is still an air of misunderstanding around some of the main tenets of the account. One such misunderstanding is the treatment of unused funds. While as many as 20% of participants have said they thought HSA funds are lost at the end of the year, they couldn’t […]
Why a 401(k) & HSA Make the Perfect Power Couple
If you’re looking for the ultimate retirement savings combo, look no further than a 401(k) plan and a Health Savings Account (HSA). Combining these two options gives employees greater flexibility in structuring their overall financial strategy. In this blog post, we’ll explore why 401(k)s and HSAs make the perfect couple. Why Use a 401(k)? A […]
Understanding the Pre-Deductible Telehealth Coverage Extension
The 2023 spending bill signed into law on December 29th includes extending pre-deductible telehealth services coverage. This is excellent news for employers and HR professionals who want to provide employees with access to affordable healthcare services. But what does this extension mean, and how can employers take advantage of it? Let’s take a closer look […]
Utilizing Pre-Tax Benefits to Prioritize Health in 2023
It’s that time of year again! The new year is upon us, and with it comes hopes of achieving our goals for the upcoming months. Whether you’re looking to retire, advance your career, or prioritize your health, now is the perfect time to start planning your journey. If you’re in the 70% of people who […]
What We’ve Learned About Pre-Tax Benefits This Year
Pre-tax benefits are growing in popularity amongst employers and employees alike. This is because they offer a great way to save on taxes while still being able to use funds for medical, dependent care, and other expenses. In the last year alone, we’ve learned a lot about pre-tax benefits and how to maximize their potential. […]
What happens to HSA funds at the end of the year?
The arrival of December often triggers the onset of a mild panic attack for many individuals. We’re not referring to the anxiety that tends to accompany the hustle and bustle of the approaching holidays. For many pre-tax benefit account holders, December marks the final month of benefit coverage in the current plan year. Participants in […]
How to Maximize Your Health Savings Account
Health savings accounts (HSAs) allow employees to save and build wealth for future medical costs. HSAs are an incredibly advantageous tool for employers and employees alike, but only if they’re used the right way. Let’s look at how employers and employees make the most of their HSAs. The Benefit of an HSA One of the […]
