Benefits compliance resources to stay ahead in 2024
WEX Benefits
WEX offers complete benefits administration, including benefits accounts such as HSAs, FSAs, HRAs, LSAs, COBRA, and more
With 2024 in full swing, you might be looking for tips to help you maintain benefits compliance throughout the year. Here are some resources to fill you in on all things benefits compliance to make sure you are equipped with the knowledge and tools to stay compliant in 2024!
Voluntary benefits compliance explained
Voluntary benefits offer employees the flexibility to customize their benefits package according to their individual needs and preferences, enhancing overall job satisfaction. But there are some voluntary benefits rules you need to follow to stay compliant. With confusing terms like ERISA, it can be difficult to wrap your head around voluntary benefits compliance. This is why we compiled a list of the top five things to know about voluntary benefits compliance. Check it out now!
Lifestyle spending account compliance demystified
Lifestyle spending accounts (LSAs) offer you a way to provide a personalized and flexible benefit to support employees’ mental, physical, and financial wellness needs. But there are a variety of rules you need to follow to maintain compliance. Dive into the details to learn about LSA compliance and how to craft the perfect LSA plan for your company.
Maintain health reimbursement arrangement compliance
Health reimbursement arrangements (HRAs) offer perks for both employers and employees. And employers have the opportunity to customize an HRA that fits the unique needs of their employees. But there are HRA rules and regulations you and your employees need to follow to stay compliant. Whether it’s contribution rules or designing an HRA, compliance can get confusing! Check out our comprehensive guide on maintaining HRA compliance to break through these complexities today.
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Staying ahead of health savings account compliance
Health saving accounts (HSAs) offer an excellent opportunity for participants to save money on healthcare expenses. But it is not always easy to stay compliant with many confusing compliance rules to keep track of. In 2024, stay ahead of HSA compliance with our complete guide on the rules you need to follow for HSAs.?
Flexible spending accounts broken down
Flexible spending accounts (FSAs) provide your employees with ways to maximize their dollars and manage medical costs. But as an employer, it can be difficult to make sure you maintain compliance while keeping competitive offerings for your employees. We break down FSA compliance, how to design an FSA plan at your company, and the tools you need to empower your employees.?
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The information in this newsletter is for educational purposes only. It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.?
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Strategic Partnerships Director, Oakland Rising & Oakland Rising Action
6 个月I could never recommend using WEX. They were over a month behind in issuing my payments and once they did, they voided some of them resulting in my incurring a service fee from my bank. Though their rep Princess Kelly admitted the company's error after reviewing recordings of our conversations, they still have yet to approve the reimbursement of the $12 banking fee. How shameful. They just tell me they are still getting others to review it. So not only did I have to wait over a month and a half for them to issue payments totaling nearly $600, but now it looks like I'll never be reimbursed the $12 fee that resulted from their voiding my payments.