@Beneliance

Beneliance is a third-party employee benefits administrator specializing in FSA, DCAP, HRA, HSA, COBRA, and Well-Being administration services.

[@Beneliance @Beneliance]

With enrollment season on the horizon, this handy infographic may be useful in explaining the differences between FSAs, HRAs, and HSAs to your employees. https://t.co/4RsWZ7VUIo

[@Beneliance @Beneliance]

Dive into the world of Captain Contributor and Betty the Benefactress with our year-round employee benefits education and engagement program, packed with videos, comics, fact sheets, and more! Discover it all at https://t.co/Fx8GCiXyZC

[@Beneliance @Beneliance]

We get a lot of questions about COBRA every month. Take a look at the top inquiries we receive and their corresponding answers. https://t.co/uDaSWCfUgf.

[@Beneliance @Beneliance]

ICHRA plans offer a win-win situation for both employers and employees. Employers save on healthcare costs by allowing employees to select the individual coverage that fits their needs.

[@Beneliance @Beneliance]

Employer contributions to employee HSAs (particularly matching contributions or lump-sum "seeding" early in the year) increase the likelihood that employees will invest unused funds toward future healthcare and retirement needs. https://t.co/vFHrf1OoHs

[@Beneliance @Beneliance]

How is a furlough different than a layoff? And how do both of them affect a person's COBRA eligibility? https://t.co/Jgc5aiCb0Q

[@Beneliance @Beneliance]

HRAs reimburse covered employees for qualified healthcare costs. Types include the Group Benefit HRA, Individual Coverage HRA (ICHRA), Qualified Small Employer HRA (QSEHRA), and Excepted Benefit HRA (EBHRA). Learn more. https://t.co/8tPvkvUoM0

[@Beneliance @Beneliance]

Employer-sponsored, tax-advantaged healthcare accounts can be hard to understand. That’s why we offer an award-winning, year-round educational program, "The Adventures of Captain Contributor." Learn more about this one-of-a-kind engagement-building tool! https://t.co/Fx8GCiXyZC

[@Beneliance @Beneliance]

PCORI fees are due July 31. For plans ending on or after October 1, 2023, but before October 1, 2024, the fee is $3.22 multiplied by the average number of lives covered by the plan as determined by one of three calculation methods. Learn more in our blog. https://t.co/1Q2rdYMCqU

[@Beneliance @Beneliance]

Quitting smoking is a huge step towards a healthier life. But it’s a tough challenge that often seems impossible. Luckily, many support tools and resources are available to you. Captain Contribujtor explains how your benefit accounts can help! https://t.co/k6nSUPMWeC

[@Beneliance @Beneliance]

Are ICHRA plans subject to COBRA continuation coverage? Here's what you need to know. https://t.co/7Op98ODePT

[@Beneliance @Beneliance]

Qualified transportation fringe benefit accounts help employees save taxes on funds used to pay eligible commuting expenses. If you pay for vanpooling, mass transit, or parking to get to work, see if your employer offers a Section 132 transit account. https://t.co/pFRQFFsAio

[@Beneliance @Beneliance]

HSA distributions are tax-free and penalty-free if used for eligible expenses. But what happens if you use the money for a non-qualified expense? Here's an explanation of the penalties for early or non-qualified HSA withdrawals. https://t.co/s4NTnXwq4P

[@Beneliance @Beneliance]

Most people know about the triple tax savings HSAs offer, including tax-free contributions, tax-free earnings, and tax-free withdrawals for qualified healthcare expenses. However, you may not know about lesser-known values, or "hidden benefits," of HSAs. https://t.co/O2SJFsIfLQ

[@Beneliance @Beneliance]

COBRA insurance may sound scary, but once you understand it, it’s actually quite helpful! Find out more from our superhero duo, Captain Contributor and Betty the Benefactress! https://t.co/iZ2DHulnIT

[@Beneliance @Beneliance]

Recent surveys reflect that many employers will be requiring remote employees to spend more time onsite this year. Section 132 #commuter accounts enable employees to set aside funds to pay for #transit passes, vanpool fees, and parking costs. https://t.co/xHcn8PHVfC

[@Beneliance @Beneliance]

11,000 Americans turn #65 every day (more than 4 million this year!). If you are one of them, it's important to know how #Medicare participation will affect your #HSA usage and contributions. https://t.co/LjLMbhJAzn

[@Beneliance @Beneliance]

Parents who have access to a Dependent Care Flexible Spending Account often wonder whether they should get reimbursed by a #DCFSA or claim the #childcaretaxcredit instead. Here are factors to consider. https://t.co/HB5fmiXBr6

[@Beneliance @Beneliance]

In 2022, only 55% of Americans wrote at least one check as debit cards are now preferred for daily transactions. Those linked to employer-sponsored benefit accounts, like a #FSA or #HSA, are especially convenient. Captain Contributor has more info. https://t.co/1FzOEEGCVc