Help Employees Use Pre-tax Funds to Save for a New Baby

Save for a New Baby

The cost of having a baby can be overwhelming, even if you have insurance. However, there are ways for employees and employers alike to help make it more affordable. BRI’s VP of Strategy, Becky Seefeldt recently shared her thoughts with BenefitsPRO.

It can be hard to manage the things needed to welcome the newest family member, but there are tools available. Encourage employees to take advantage of pre-tax funds so they won’t be saddled with out-of-pocket expenses during their maternity leave. One great way is by setting up an FSA or HSA, both allow for tax savings on top of quality health care choices.

When people are preparing for the future, they might not think about how to save money.  Here are four manageable steps to help employees put money aside: