What is a pre-tax benefit account? 🤷♂️ A pre-tax benefit account allows you to set aside money from your paycheck before taxes to use for IRS-approved purchases. The items you can pay for through a pre-tax benefit account depends on which plan(s) you have. There are three categories a pre-tax benefit account can fall under:… Read More
BRiBlog
Sharing Information & Opinions on Tax-Free Health & Commuter Benefits
Millennials and Benefits: Lost in Translation
Millennials and benefits administrators may seem to have more differences than similarities. But zooming out, it appears each group engages in a common phenomenon: Using the language specific to their culture. How do you cross the cultural divide between Millennials and benefits administrators? What is needed for effective communication? We argue that successful communication relies… Read More
Secrets revealed: 4 Questions Answered About Benefit Resource
Among benefits administrators, Benefit Resource can sometimes have a flair for the dramatic. We have been known to use a few too many acronyms or even create our own words. But, no need to worry. Our secrets are out in… Four Questions Answered About Benefit Resource. What is COD? We have a tendency to overdo… Read More
Flu season is here- are you ready?
Remember TheraFlu and Emergen-C? They will be making a reappearance shortly, along with the flu virus. Before flu season takes full effect, there are several preventative measures you can take early. Add them to your yearly routine to decrease your chances of catching and spreading the virus. Get a Flu Shot Visit an on-site flu… Read More
Why an FSA is not the same as an HSA
Trying to choose between a Flexible Spending Account (FSA) or Health Savings Account (HSA) can be a challenge. But weighing these two pre-tax plan options is similar to a process many of us are more familiar with— car shopping. When shopping for a car, your first decision might be whether you want to buy or… Read More
Five Questions to Implement a Pre-tax Benefit Plan
So, you’ve decided to implement a pre-tax benefit plan. Whether you’re implementing a plan for the first time, adding a new plan option, or moving to a new administrator, change can be difficult. But you can streamline the process to implement a pre-tax benefit plan by understanding and answering these five questions. 1) What plan(s)… Read More
When employees ask “Am I eligible for…?”
Employees can find eligibility requirements confusing. HR managers can, too. Because let’s face it– the rules and regs around eligibility aren’t always easy to understand. But they aren’t impossible to understand, either. (Thankfully). You just need to get the basics and then commit to understanding the nuances. Ready to jump into the eligibility pool with… Read More
Getting the inside scoop on integrations
The word “integration” has been getting a lot of attention in health benefits and pre-tax benefit accounts. There are many different varieties of integration and considerations. The first thought might be… “It’s integrated. It must be better.” But before making a final call on integration, it might be best to dig a little deeper and… Read More
Best practices to keep your HRA plan design simple (but impactful)
For employers looking to keep healthcare costs low, a Health Reimbursement Account (HRA) is one of the best solutions. These tax-advantaged accounts provide employers with a way to manage health care expenses while also helping employees curb medical costs. Use these best practices to keep your HRA plan design simple (but impactful). Set a goal…. Read More
Taking the Leap: How HSA BRidge Can Increase HSA Participation
To “BRidge” or not to “BRidge”, that is the question. HSA BRidge from Benefit Resource allows HSA participants to receive HSA contributions on an as-needed basis instead of waiting for funds to accumulate through payroll deductions. This optional feature helps to increase HSA participation by cutting down on the stress of unforeseen expenses and ensuring… Read More
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