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Importance of Employee Benefit Package And Why it Matters

HR Digest

Payroll taxes 2. Health insurance Those benefits provide a baseline of employee expectations. Matching 401(k) contributions 2. Health care flexible spending accounts 3. Health insurance 2. Dental or vision insurance 4. Considering health care and life insurance 5. Overtime pay 3.

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16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Flexible Spending Account (FSA).

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5 steps to more financially stable employees

Insperity

Start by offering a solid benefits package that includes a great portfolio of health insurance options to choose from. This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more.

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

Employers that have gone the HDHP route typically offer a qualified plan that includes a health savings account to help pay for qualifying medical expenses tax-free. Treat the HSA More Like a 401(k) than an FSA. In addition, employers can contribute tax-free dollars if they choose—all of which is employee money.

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What employees expect from benefits packages

Business Management Daily

Employee benefits plans commonly include worker’s compensation and disability insurance to ensure a sick or injured employee receives at least a portion of his regular pay until able to return to work. Large and small businesses alike benefit from sponsoring plans such as 401(K)s and Simple IRAs. Childcare assistance.

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Health Care Reform: How a PEO Can Put Your Mind at Ease

Insperity

Regardless of company size, offering health insurance will cost you. Health care reform creates billions of dollars in taxes and fees that will be absorbed by those who purchase coverage starting in 2014. Co-employment helps ease the burden by providing employees access to a large-group insurance plan sponsored by the PEO itself.

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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. Disability insurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.