Benefits Blog

Unbundled: Why an Independent Benefit Administrator is the Best Choice for Your Pre-Tax Accounts

Posted by Lindsay Barnard on Wednesday, July 25, 2018 @ 03:45 PM

As consumer-driven benefits continue to rise in the market, so the options for benefit administrators continue to expand for employers. Carriers, banks, HR software companies—it seems that more and more providers are adding FSA and HSA administration to their list of services. With so many choices, it can be difficult to decide who to trust with your pre-tax benefits, but in this dynamic, complex benefit world, it’s more important than ever to have a provider that offers stability, compliance expertise, security, and personalization.

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Tags: Compliance, FSA, HSA, TPA, Benefit Administration, benefits, third party administrator, hra

An Improved User Experience: Software and Design Updates Coming June 2018

Posted by Lindsay Barnard on Thursday, June 07, 2018 @ 09:09 AM

At 24HourFlex, we are always looking for ways to make your day better and simplify your life. That's why we partner with WEX Health to bring you to the most powerful and intuitive software to help you manage your benefits.

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Tags: COBRA, COBRA Administration, COBRA TPA, FSA, HSA, third party administrator, technology, online resources, software, wex health, mobile app

3 Ways to Help Employees Manage Their Healthcare Expenses

Posted by Lindsay Barnard on Wednesday, May 30, 2018 @ 12:09 PM

The United States now spends almost twice as much on healthcare as other advanced industrialized countries, even though just a few decades ago our healthcare spend was closely aligned to that of other countries. As a result of the rising cost of healthcare, changes to employment and benefits laws and the availability of new benefits options, the employee benefits landscape in the U.S. has also been dramatically altered. One in four Americans now report that the cost of healthcare is the biggest concern facing their family, according to a Monmouth University poll. This makes it more important than ever for employers to offer their employees the guidance and tools they need to manage their healthcare plans and costs. Here are three approaches to help employees manage their healthcare expenses:

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Tags: FSA, Healthcare, HSA, HDHP, employees, employers, Employee Engagement, cdhp, consumer, hra, tax savings

Legislative Update: IRS Revises HSA Family Contribution Limit for 2018

Posted by Lindsay Barnard on Wednesday, March 07, 2018 @ 09:25 AM

On Monday, the IRS released Bulletin 2018-10, which included a revision to the 2018 Family contribution limit for Health Savings Accounts (HSA).

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Tags: IRS, HSA, employers, Health Savings Accounts, Education, tax return, taxes, contribution, contribution limits, legislative updates, irs bulletin, legislation

Filing Your 2017 Tax Return? Here are our HSA tips and tricks.

Posted by Lindsay Barnard on Wednesday, February 28, 2018 @ 05:42 PM

Tax season is here! As we get closer to the deadline for filing (in 2018, it’s April 17 instead of the traditional April 15), we wanted to share three tips about Health Savings Accounts you’ll need to know before you file your return, along with a suggestion for using your refund.

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Tags: Compliance, Benefits Information, Health Care, Healthcare, HSA, HDHP, TPA, Benefit Administration, savings, third party administrator, brokers, Health Savings Accounts, tax return, taxes

Who is 24HourFlex? [Infographic]

Posted by Lindsay Barnard on Wednesday, January 17, 2018 @ 08:37 AM

Knowing who you work with -- and providing your clients the resources to choose who they work with -- is important. But in the increasingly complex healthcare industry, it can be a challenge to juggle information from so many partners and vendors.

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Tags: Cafeteria Plans, COBRA, COBRA Administration, Compliance, Colorado, FSA, HSA, TPA, Benefit Administration, employees, benefits, employers, third party administrator, brokers, Health Savings Accounts, Infographic

Video Spotlight: What is a Health Savings Account?

Posted by Lindsay Barnard on Tuesday, August 08, 2017 @ 03:34 PM

One of the biggest barriers to increasing employee engagement with and enrollment in pre-tax benefits is simply a lack of education. At 24HourFlex, it is one of our priorities to make sure that employers are equipped with the tools they need to inform their employees about their benefits with high-quality, accessible content.

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Tags: HSA, Video, Health Savings Accounts, Education, Employee Engagement

Savings: The Most Overlooked Word in Health Savings Account

Posted by Lindsay Barnard on Thursday, July 20, 2017 @ 12:24 PM

It comes as no surprise that many Americans are concerned about retirement.  Diligently putting money into 401(k) or any other form of retirement savings account, many still miss one key ingredient that could offer not only tax benefits, but sustainable growth well into retirement.

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Tags: Retirement Planning, 401(k), HSA, Benefit Administration, employees, retirement, savings, benefits, employers, third party administrator, brokers

An HDHP with an HSA Can Work for You

Posted by Lindsay Barnard on Wednesday, July 12, 2017 @ 02:08 PM

Open enrollment is only a couple months away, and planning may be beginning now for 2018.  As companies look to contain health care costs, more and more are considering a high deductible health plan (HDHP) with a health savings account (HSA) in addition to a traditional health plan or possibly in place of a traditional plan. Either case requires a new level of education and support to get everyone’s understanding of the value of this type of product.

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Tags: Healthcare, HSA, HDHP, TPA, Benefit Administration