Remove 2017 Remove Employment Remove Flexible Spending Account Remove Life Insurance
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Executive benefit reimbursement plans

Higginbotham

This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. According to the Commonwealth Fund , more than one in 20 Americans under the age of 64 spent at least $1,700 on out-of-pocket medical expenses in 2017. HRAs are owned by the employer.

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Year-end checklist for HR

PeopleStrategy

Annual, quarterly or holiday bonuses should also be accounted for. Some health and life insurance plans and retirement plans require companies to report enrollment figures and balances at the end of the year. You should also ensure that you understand any changes to the allowance of employer contributions to FSAs in 2018.