InterWest Insurance Services

MAY 16, 2024

The dip, while seemingly small, represents millions of workers that have opted for other plans as employers are offering a greater variety of plans to their employees, including preferred provider organizations (PPOs) and health maintenance organizations. The many benefits of HSAs Employees contribute pre-tax dollars to the account.

401(k) 89

401(k) Deductions Deductible Health Savings Account 89

Money Talk

MAY 18, 2022

In an earlier blog post , I described 12 tax planning topics for 2022. Ramp Up Retirement Savings - Consider increasing retirement savings in a tax-deferred employer retirement savings plan (e.g., 401(k), 403(b), and traditional IRA). Saving even 1% more of pay can make a difference in later life.

Taxes 262

Taxes 401(k) Deductions Deductible 262

Benefit Resource Inc.

MARCH 28, 2024

Pre-tax benefits are a powerful tool for saving money and maximizing your income. From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. This includes copayments, deductibles, prescriptions, and more.

Flexible Spending Account 52

Flexible Spending Account 401(k) Health Savings Account Flexible Spending 52

WEX Inc.

APRIL 3, 2023

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.

Health Savings Account 52

Health Savings Account 401(k) Flexible Spending Account Taxes 52

Benefit Resource Inc.

APRIL 4, 2024

As an employer or HR manager, you’re constantly seeking ways to enhance your employee benefits package, ensuring it not only attracts top talent but also supports their financial well-being throughout their careers and into retirement. One often-overlooked gem in the world of benefits is the Health Savings Account (HSA).

401(k) 52

401(k) Retirement Plan Benefits Package Deductions 52

InterWest Insurance Services

NOVEMBER 10, 2022

One of the most difficult aspects of annual open enrollment is reaching workers who are disengaged from the process and never bother signing up for your group health plan and other benefits they could take advantage of. Turning 26 — This is the age that individuals are no longer allowed to be covered by their parents’ health insurance.

401(k) 81

401(k) Health Savings Account Health Insurance Insurance 81

InterWest Insurance Services

JULY 20, 2022

If they are not educated on their options and how health plans work, those new to employment can make poor decisions that could have serious financial repercussions. Deductibles — Explain how deductibles work and that depending on their plan they may pay the full price for health care services until they’ve met their deductible.

Education 93

Education 401(k) Deductions Deductible 93

InterWest Insurance Services

JUNE 16, 2022

While making more money was still the top reason for looking for new work, the results illustrate the importance of health benefits and that employers are not as tuned into their employees’ needs as they think they are. But the one issue hanging over all employee benefits, particularly health insurance, is the costs.

401(k) 93

401(k) Health Insurance Health Savings Account Insurance 93

COMPackage

AUGUST 10, 2023

Research has proven that employees are more satisfied with their employer relationship if they receive an annual total compensation statement. And every employer wants to stand out with their employee benefits. Unfortunately, your brand can’t stand out if your benefits are only the ones every employer offers.

401(k) 52

401(k) Health Savings Account Health Insurance PTO 52

Benefit Resource Inc.

MARCH 23, 2021

We’ve written about Health Savings Accounts and retirement in other blogs (like this one or this one ) so for this piece, we’ll be focusing on two other, less common accounts: Health Reimbursement Accounts (HRAs) and HRA VEBAs. There is no time limit when employers must use the funds by.

401(k) 69

401(k) Health Savings Account Retirement Plan Taxes 69

Business Management Daily

APRIL 29, 2024

Fringe benefits are how employers make up the gap. Different benefits appeal to different teams, but what matters most is providing more than just the bare minimum—health insurance, workers’ compensation, and a competitive salary. Unfortunately, having insurance coverage tied to employment puts employers in a difficult position.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

Benefits Notes

NOVEMBER 5, 2021

The health savings account (HSA) and high deductible health plan (HDHP) annual deductible and out-of-pocket expense adjustments were announced earlier this year in Revenue Procedure 2021-25. Elective Deferral Limit 401(k), 403(b), 457(b). The following chart summarizes the 2022 limits for benefit plans.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Benefit Resource Inc.

OCTOBER 21, 2019

” In the case of pre-tax benefits, we like to say “There’s a plan for that” Regardless of your benefits problem, by comparing Flexible Spending Accounts, Health Savings Accounts and Health Reimbursement Accounts, you can find the right plan to fit your needs. Problem: High turnover.

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Flexible Spending 401(k) 40

Benefit Resource Inc.

FEBRUARY 7, 2019

Enrolling in the HDHP also means we can contribute to the Health Savings Account (HSA) from Sam’s company. Depending on if your employer contributes to the account (I’ll get to that in a minute), you might not even need to set aside the full amount. First, we own the money in the account.

401(k) 45

401(k) Deductions Deductible Health Savings Account 45

Empuls

JULY 11, 2023

In the ever-evolving world of employment, organizations are increasingly focusing on enhancing employee satisfaction and well-being. In this blog, we will discuss tax free or non taxable employee benefits. The primary purpose of this blog is to explore various tax free employee benefits and shed light on their advantages.

Employee Benefits 40

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

McDermott Will & Emery Employee Benefits

NOVEMBER 1, 2023

The Internal Revenue Service recently announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2024. Certain health and welfare plan limits have not yet been released.

Health and Welfare 86

Health and Welfare Employee Benefits Flexible Spending Account Health Savings Account 86

McDermott Will & Emery Employee Benefits

NOVEMBER 10, 2023

On November 9, 2023, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain health and welfare plan benefits, including those for health flexible spending arrangements and commuter benefit plans, among other important updates.

Health and Welfare 82

Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 82

Qandle

AUGUST 26, 2022

Different accounts: RobustHR allows users to generate a wide variety of informative summaries, including those pertaining to Equal Employment Opportunities, Benefits, Taxation, and more. Employers have less bureaucratic red tape to deal with when it comes to digital timesheets and overtime demands.

Software 98

Software 401(k) Human Resources Payroll 98

McDermott Will & Emery Employee Benefits

OCTOBER 21, 2022

The Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2023.

Employee Benefits 80

Employee Benefits Flexible Spending Account Employment Health Savings Account 80

PeopleStrategy

SEPTEMBER 17, 2019

more than half of whom were employed: What is interesting is that even those who were unemployed said they would not immediately accept a high-paying job that offered no health insurance or other meaningful benefits. In addition to meaningful health coverage, it’s wise to have vision and dental insurance as part of this category.

Benefits Package 49

Benefits Package Comprehensive Benefits 401(k) Flexible Spending Account 49

Vantage Circle

SEPTEMBER 11, 2023

In this blog, we have handpicked some of the best benefits platforms that cater to all your requirements. Findings from the Blog? Flexibility in Benefits: An employee benefits platform can provide greater flexibility in the benefits employers can offer their employees. Let's delve in.

Employee Benefits 52

Employee Benefits Payroll Retirement Plan Software 52