Benefits Buzz

Did you know that more than half of Americans do not have enough savings to cover an unplanned expense of $1,000? While HSA funds can be invested, the vast majority of participants need these accounts to save on today’s expenses. One of our subject-matter experts on HSAs shares his insight on HSA messaging so employers can better connect the perks of these accounts with how participants typically use them.

Most employers are a couple months into their new plan years. Are your employees engaging with their accounts? Do they even know how best to get started? We’re opening Season 5 of our Benefits Buzz podcast with one of our resident experts, who will give you some tips on supporting participants just getting started in a new plan year.

Check out our blog post for more tips!

Bonus episode! Hybrid and work-from-home opportunities have combined with the Great Resignation to make recruiting and retention a greater challenge for human resource teams than possibly ever before. We assembled a panel of experts to talk about this challenge and what they are doing during this unique time in HR. For more from HSA Day, go to https://www.wexbenefitsyou.com/hsaday/

There’s a common story in HR. You wear a lot of hats and those hats come with a lot of questions. Recruiter, therapist, referee, party planner, and benefits guru. Need we say more?

Education is your ticket to fewer emails, IMs, and knocks at your door. The more employees understand their benefits, the more quiet time for you. HSA Day is a day to learn. Let’s change the HR story.

Get everything you need for HSA Day at https://www.wexbenefitsyou.com/hsaday/

From mental health awareness to COVID risks to decreased medical costs, there’s value in you incentivizing employee wellness. What wellness initiatives should you focus on? And what are your incentive options? Jim Miller of KrowdFit talks to our hosts about his extensive experience with wellness incentives.

This is a time of change for employee benefits. Mental health is getting much-needed attention. And with more employees working from home, inside-the-office games and events are no longer appealing. Employers are needing more flexibility in how they address benefits and employee wellness. Lifestyle spending accounts and wellness HRAs are two options employers can turn to. But which is the right one for you? We’ll break down these two accounts.

Innovation can come from anywhere! That’s why it’s important all of your employees are engaged and feel like they have a voice in what your business is doing to provide the best products and services for its customers. We’ve brought on a pair of guests to discuss the inspiration behind our innovation challenge and provide just one example of how that challenge has made a difference for our partners, clients, and participants.

Check out our video to learn more about EOB smart scan. 

There are hundreds of expenses that are eligible for your HSA and FSA funds. And what is eligible may surprise you! We quiz our guests to educate them and educate you on some of the surprise eligible expenses for an HSA and FSA. Check out our complete eligible expense list for HSAs, FSAs, and more.

Two-fifths of workers say they are more likely to than they were a year ago to consider a new job that offers better benefits. The benefits employers offer their employees are as important as ever. But how do you know they are meeting your employees’ needs? One way is with data. We’ll chat analytics 101: What data is commonly available and what you should look for to boost your recruiting and retention effort?

In the midst of the Great Resignation and with recruiting/retention efforts at a premium, the lifestyle spending account (LSA) is one way employers can differentiate their benefits package. Learn how one client has leaned on LSAs for years to improve their recruiting and retention.