Commuting to and from work daily can be quite a headache and consume a lot of valuable time, especially for employees who live near or travel into a big metro area. With the average commute at 26 minutes, it takes nearly an hour each day to get to and from your place of employment. Consider, too, that an estimated 76% of U.S. workers travel to their place of work every day, trying to avoid traffic
Lifestyle Spending Accounts are one of the newest benefit options third-party administrators can offer. This infographic will help educate employers and participants on LSA accounts. Lifestyle Spending Accounts, or LSAs, are one of the newest employee benefits available. These employer-sponsored accounts cover a wide range of expenses that fall outside the IRS’ Section 123 criteria. Interest in LSAs is growing! 7% of employers currently offer LSAs. In 2025, 7% will offer LSAs and 31% are
At first glance, Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Health Savings Accounts (HSAs) look very similar, but there are significant differences. First, let’s look at how the three accounts are alike: Drilling down further, this infographic highlights the major areas in which the three accounts are different: Flexible Spending Account (FSA) Funded by: FSAs are entirely funded by the participant, but employers may choose to contribute. Contribution limits: FSA participants make pre-tax
The following infographic outlines the must-have features of benefits administration software for third party benefits administrators. If your solution doesn’t have all of these, it may be time to upgrade. To streamline your workflow and increase the bottom line, look for these features and capabilities.
Using a multi-platform approach to CDH and COBRA benefits administration can create a host of problems for third party benefits administrators. The following infographic highlights the negative impacts of a multi-platform approach and examines the benefits of a single solution.
Chances are you have Millennial employees on your staff, as they have become the single largest generation in the U.S. labor force. The following infographic provides valuable information on engaging your Millennial employees in health benefits. 8 Ways to Engage Your Millennial Employees in Health Benefits Millennials in the Workplace: To Engage Millennial Employees in Your Company’s Health Benefits: Providing flexible, convenient, and easy to understand benefits will encourage Millennials to engage with your company’s
View the infographic below to discover the value of consumer-directed healthcare accounts. The graphic features an overview of HSAs, HRAs, and FSAs, along with other helpful information. What is a Consumer Directed Healthcare Account? A consumer-directed healthcare account is a type of medical savings account that: CDH Account Types 1. Health Savings Account (HSA) The participant owns the HSA, which acts like a regular bank account. Money deposited into the account pays for eligible healthcare
Facts, Figures & Tips for a Successful Enrollment Process.
The following infographic provides an overview of facts, figures and tips for employers to have a successful open enrollment process.
Since 2004, HSAs have skyrocketed in popularity. They are now the second most popular tax-advantaged account next to Flexible Spending Accounts (FSAs). As HSA-qualified high deductible health plans continue to grow, third party administrators have plenty of opportunity to jump into the market.
The following infographic, “A Guide to Investing Your HSA Account for Growth”, provides an overview of Health Savings Account (HSA) basics. Read below to find out why HSAs are a great option for retirement, investment strategies, and more. Guide To Investing Your HSA Account for Growth Health Savings Accounts (HSAs) are more than just a tax-advantaged tool for paying medical expenses. They can also help you save for retirement. Why include HSAs in retirement planning? HSAs