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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. Health Savings Account (HSA).

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

Health savings accounts can be a good deal for employees. High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% Treat the HSA More Like a 401(k) than an FSA.

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What is a total compensation statement & how does it provide value?

Genesis HR Solutions

401(k) matching contributions. Insurance, including health, dental, vision, life, disability, etc. Indirect Compensation: Taxes. Social security tax. Unemployment tax. Workers’ Compensation insurance. Health, dental, and vision insurance. Life and disability insurance.

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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. Health Savings Accounts.

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5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

Unemployment insurance. Disability insurance (required in California, Hawaii, New Jersey, New York, Puerto Rico and Rhode Island). However, some businesses offset this cost to their employees by contributing money to health savings accounts. These required benefits may include: Social Security.

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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.

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

These include self-service employee onboarding, document storage, payroll processing, tax filing, reporting, and human resources (HR) compliance assistance. By partnering with Justworks, businesses access a comprehensive range of essential features. Pic Credit Criteria Ease of Use Features Customer Support Pricing Ratings 4.6/5