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Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

Options can include: Health insurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. Flexible spending account. Call us for more information on how you can set up a flexible benefit plan for your staff. Flexible spending accounts.

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Employees and Employers Save with Cafeteria Plans

InterWest Insurance Services

Employees can save an average of 30% in federal, state and local taxes on items they already pay for out of pocket. Because these benefits are free from federal and state income taxes, an employee’s taxable income is reduced, which increases the percentage of their take-home pay.

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Increase Your Financial Well-Being Through Medical Savings

Benefit Resource Inc.

The cost of healthcare can be daunting, especially for those who do not have adequate insurance coverage or savings to cover medical expenses. One such way is by utilizing health savings accounts (HSAs) and flexible spending accounts (FSAs). HSAs and FSAs also offer flexibility in how you use your funds.

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What is a cafeteria plan? (Hint: It’s not related to lunch)

Benefit Resource Inc.

Flex Account. One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). This type of cafeteria plan gives employees the option to enroll in an account that allows them to set aside money from their paycheck tax-free and use it for qualified medical expenses.

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What is a cafeteria plan? (Hint: It’s not related to lunch)

Benefit Resource Inc.

Flex Account. One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). This type of cafeteria plan gives employees the option to enroll in an account that allows them to set aside money from their paycheck tax-free and use it for qualified medical expenses.

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9 Nontaxable Employee Benefits for Maximizing Your Income and Workplace Satisfaction

Empuls

They can range from health insurance coverage to retirement plans, flexible spending accounts, transportation benefits, education assistance, and more. By reducing the taxable portion of their income, employees can effectively increase their take-home pay. Here are a few key points to consider: 1.

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Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. The most expensive benefit to offer is health insurance.