Benefit Resource Inc.

FEBRUARY 21, 2024

The Health, Wealth, Wellness Triangle has emerged as a framework that acknowledges the interconnectedness of personal health, financial stability, and overall wellness. The Health Component A cornerstone of the Health, Wealth, Wellness Triangle is, unsurprisingly, health itself.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

WEX Inc.

SEPTEMBER 7, 2023

Lack of understanding The concern: Some individuals may not fully comprehend how an FSA works and may be hesitant to enroll due to confusion or uncertainty about its benefits and limitations. What you can do: Education is key. What you can do: Address this concern by emphasizing the savings potential of an FSA. Download now!

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

HR Lineup

MAY 11, 2023

The PeopleKeep platform offers customizable benefits solutions for businesses of all sizes. Employers can choose from a range of pre-tax benefits, including health insurance, dental insurance, vision insurance, and other types of benefits. Another benefit of using PeopleKeep is the flexibility it offers.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Benefits Package Flexible Spending 52

Higginbotham

NOVEMBER 28, 2022

Some are turning to Health Savings Accounts (HSAs). Although HSAs won’t work for everyone, the benefits of an HSA account make this an appealing option for some individuals. What is a Health Savings Account (HSA)? An HSA is a special type of savings account. HSAs are portable.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

Benefit Resource Inc.

MAY 2, 2023

Significant areas of focus are healthcare costs and pre-tax benefits. Offering pre-tax benefits First, if employee benefits aren’t already offered, employers can help alleviate the financial burden of healthcare costs for their employees by providing pre-tax benefits.

Employment 52

Employment Flexible Spending Account Benefits Package Healthcare 52

Insperity

JANUARY 27, 2022

What are fringe benefits? In common parlance, fringe benefits (a.k.a. perks or perquisites) are benefits you offer in addition to pay. The IRS’ Publication 15-B (2021) Employer’s Tax Guide to Fringe Benefits defines a fringe benefit as “a form of pay for the performance of services.

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Employment Taxes Health Savings Account Benefits Package 92

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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Taxes Retirement Plan Employee Stock Option Bonuses 52

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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Retirement Plan Health Savings Account Benefits Package Healthcare 52

Best Money Moves

AUGUST 18, 2021

Multigenerational workforces pose a unique challenge for employers and HR teams: How do you build a benefits package that’s equally attractive to all members of your workforce, when your team members are at radically different stages of their lives? Meanwhile, older employees will have greater concerns about retirement. .

Health Insurance 111

Health Insurance Health Savings Account Insurance Benefits Package 111

Benefit Resource Inc.

SEPTEMBER 28, 2023

At Benefit Resource (BRI), we believe in putting people first, and it is with great pride and excitement that we share the news of our recent achievements in the second annual BenefitsPRO Luminaries Awards. These recognitions are a testament to our unwavering commitment to transforming and humanizing the benefits industry.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Taxes Flexible Spending 52

Higginbotham

JUNE 14, 2022

Flexible Spending Account vs. Health Savings Account. An FSA is a type of savings account that lets people pay for certain out-of-pocket medical expenses using tax-free dollars. FSAs might sound a lot like Health Savings Accounts (HSAs), but there are some key distinctions.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 52

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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Out of Pocket Cost PTO 401(k) Deductions 84

Best Money Moves

AUGUST 18, 2021

Multigenerational workforces pose a unique challenge for employers and HR teams: How do you build a benefits package that’s equally attractive to all members of your workforce, when your team members are at radically different stages of their lives? Meanwhile, older employees will have greater concerns about retirement. .

Health Insurance 83

Health Insurance Health Savings Account Insurance Benefits Package 83

Empuls

FEBRUARY 26, 2024

  Offer alternative healthcare plans , such as high-deductible health plans (HDHPs) paired with health savings accounts (HSAs). These plans often provide employees with more control over their healthcare expenses and offer tax advantages.

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Employee Benefits Financial Counseling Healthcare Retirement Plan 40

Higginbotham

MARCH 17, 2023

What are lifestyle spending accounts? Many workers are paying greater attention to their benefits and wondering how to stretch their dollars further. According to a 2022 benefits survey, just under 10 percent of employers reported offering LSAs as part of their benefits packages.

Health Insurance 52

Health Insurance Flexible Spending Account Insurance Benefits Package 52

Higginbotham

OCTOBER 5, 2023

Competitive advantage can also come from creativity in putting together a benefits package. Basic Benefit Packages are No Longer Competitive Not long ago, a more competitive benefits package might have included health insurance and a 401(k) plan , plus dental and vision insurance.

Health Insurance 52

Health Insurance Employee Benefits Insurance 401(k) 52

Higginbotham

JULY 12, 2022

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. Educate executives on the benefit.

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Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Empuls

SEPTEMBER 25, 2023

HR departments must promptly revise company policies to reflect these changes and should also engage in comprehensive training programs to ensure that staff are educated about these shifts in policy. This case shows the legal complexities surrounding changes to employee benefits.

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Family and Medical Leave Act Overtime 401(k) Benefits Package 40

Genesis HR Solutions

JULY 3, 2019

Though your benefits package may be quite substantial, your employees may not know or understand the real value of the benefits you offer. And they may continue to remain unaware of the “hidden” benefits they are receiving even as healthcare costs rise, and you, the employer, absorb the increases. Social security tax.

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401(k) Commissions Retirement Plan IT 40

WEX Inc.

OCTOBER 12, 2023

As an employer, providing a robust employee benefits package is only half the battle. Educating on the value of their benefits and how best to use them is equally important. One of the questions we asked: What benefit would you like to learn more about? We recently surveyed nearly 60,000 of our participants.

Education 52

Education Health Savings Account Consulting Taxes 52

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. Funds can be withdrawn for non-eligible expenses, but they will be taxed.) Having such a program may set your company apart in the job market.

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Family and Medical Leave Act Employee Benefits PTO 401(k) 57

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. The information in this blog post is for educational purposes only.

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Deductions Deductible Flexible Spending Account Health Savings Account 75

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

Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent. In this blog, we will discuss tax free or non taxable employee benefits. Tax savings for employers.

Employee Benefits 40

Employee Benefits Flexible Spending Account roth 401(k) 401(k) 40

Genesis HR Solutions

NOVEMBER 20, 2018

A Professional Employer Organization (PEO) allows its clients to outsource many of their human resource functions, share employment liability, and, oftentimes, gain economies of scale to bring an improved benefits package to their employees. PEO services include administration of the following: Health benefits.

Human Resources 40

Human Resources Health Insurance 401(k) Benefits Package 40

Higginbotham

MAY 11, 2023

Fortunately, employers are uniquely poised to provide their employees with the benefits and financial education they want. Savings accounts can round out a top-tier benefits package. Such accounts help employees save on health-related costs and taxes and are also valuable to employers.

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Flexible Spending Account Health Savings Account Deductions Deductible 52

Vantage Circle

SEPTEMBER 11, 2023

For example, some platforms allow for integrating different benefits, such as health insurance, retirement plans, and wellness programs. This can help employers tailor their benefits packages to meet their employees' specific needs and preferences.

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Employee Benefits Payroll Retirement Plan Software 52

WEX Inc.

SEPTEMBER 5, 2023

Keep reading this blog post to learn four reasons why offering benefits is challenging for small business owners and what they can do to overcome these challenges. Budget The challenge: Offering the best benefits package is going to require a certain amount of budget. It is not legal or tax advice. Download now!

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Health Savings Account Taxes Education Benefits Package 52