PeopleStrategy

OCTOBER 3, 2023

The importance of benefits became abundantly clear over the last couple of years as companies strived to retain top talent and recruit in-demand employees. A flexible benefits package that addresses health, family, career development, and financial well-being will help attract and retain a talented and satisfied multigenerational workforce.

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AssuredPartners

SEPTEMBER 25, 2023

From Baby Boomers who have decades of experience to Gen Zer's just starting their careers, each generation brings unique perspectives and expectations when it comes to the benefits that they value the most. One way to bridge this gap is through the strategic design of employee benefits packages that cater to an age diverse population.

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Benefit Resource Inc.

MAY 2, 2023

Pre-tax benefits, such as Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) , allow employees to set aside a portion of their pre-tax income to pay for healthcare-related expenses. This can include increasing the number of pre-tax deductions available to employees.

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Business Management Daily

APRIL 29, 2024

High-Deductible Health Plans (HDHPs) with Health Savings Accounts (HSAs) : HDHPs have lower premiums but higher deductibles compared to traditional health plans. Deductibles can be paid with tax-advantaged/tax-free spending accounts funded by employees and employers.

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Higginbotham

JUNE 14, 2022

FSA programs can be a good fit for many employee health benefit programs, but before being able to decide, you may have some questions – for example, how do FSAs work? Flexible Spending Account vs. Health Savings Account. Savings Accumulation Timeframe. Eligible Health Plans. Typical Rules.

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Flexible Spending Account Health Savings Account Deductions Deductible 52

Insperity

JANUARY 27, 2022

Some states may also tax fringe benefits, so be sure to check with your state tax authority before designing a fringe benefits package. Examples of taxable fringe benefits include: Non-business use of company cars Cash (bonus pay) Gym memberships Paid personal time off. Must all employees receive the same benefits?

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Benefit Resource Inc.

FEBRUARY 24, 2022

Position your benefits plans and the opportunities, so employees pay for their increasing out-of-pocket costs. The expansion of benefits for employees can provide the flexibility employees look for. That’s why you should give them a benefits package that caters to their specific needs and enhances the overall experience.

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Business Management Daily

APRIL 25, 2024

Let’s talk about the different types of fringe benefits and how employers can make the most of them. Taxable vs. Non-taxable Benefits are always tax-deductible, aren’t they? Employees can be taxed on some high-value benefits when they are considered part of the employee’s compensation package.

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Empuls

FEBRUARY 26, 2024

  Offer alternative healthcare plans , such as high-deductible health plans (HDHPs) paired with health savings accounts (HSAs). Financial well-being support : Include benefits like retirement plans, financial counseling, and assistance programs to address diverse financial situations.

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Higginbotham

JULY 12, 2022

They have to pay a deductible. A health reimbursement plan gives employers a way to cover these costs. HRAs may sound like Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs), but there are key differences. FSAs: These accounts are owned by the employer; so they are not portable.

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Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Best Money Moves

JULY 8, 2020

HR trends forecast the most desired employee benefits for 2021 like financial wellness programs and flexible work arrangements. It’s time for employers to start planning their employee benefits packages for 2021. 9 Pet-Friendly Employee Benefits. 4 Paid Time Off.

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Genesis HR Solutions

SEPTEMBER 21, 2021

Keep in mind there is little-to-no support for education for this option, or for gaining insights into how the health insurance plans will change from year to year. GenesisHR can help your small business get HRA plan documents; administer your ICHRA; take deductions through payroll, and more. You can learn more here.

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WEX Inc.

JULY 20, 2023

In the first post of this year’s open enrollment series, we break down some of the common feedback we received from those who said their benefits options were lacking so you can build the best benefits package going into your open enrollment. Deductibles are too high. Wish there were more options.” “A

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Insperity

MARCH 12, 2024

Launching a successful benefits program in your workplace calls for a savvy employee benefits strategy. Here, we’ll cover everything you need to know about employee benefits. Sometimes, a job candidate’s decision to accept a position can come down to the extra, less common benefits that a workplace offers.

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Higginbotham

OCTOBER 14, 2022

Different health plan types come with both advantages and disadvantages, including differences in cost, risk and employee involvement/education. Health insurance is a key element of any employee benefits package, but small business owners should consider offering other benefits as well.

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Benefit Resource Inc.

AUGUST 6, 2021

Free Health Savings Account? Now, let’s assume those 100 employees contribute $2,000 a year each into their HSA through their pre-tax payroll deduction contributions. Based on the FICA tax rate of 7.65%, you’ll save $15,300. That covers the administrative costs and still leaves you with $12,000 in savings!

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401(k) Health Savings Account Deductions Deductible 76

Empuls

JULY 11, 2023

In this blog, we will discuss tax free or non taxable employee benefits. tax free benefits are those that provide financial advantages for both employees and employers by avoiding certain taxes and deductions. Additionally, employers can benefit from tax deductions or exclusions for providing these benefits.

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Higginbotham

MAY 11, 2023

FAQs Provide Guidance on Preventive Care Following Court Decision The ACA requires non-grandfathered health plans and health insurance issuers to cover a set of recommended preventive services without imposing cost-sharing requirements (such as deductibles, copayments or coinsurance) when the services are provided by in-network providers.

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