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New HSA, FSA, 401(k) Contribution Levels Set

InterWest Insurance Services

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts.

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Learn the dos and don’ts of open enrollment

WEX Inc.

When approaching open enrollment, do … Evaluate available health insurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. Miss out on learning opportunities. Open enrollment comes just once a year.

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Beyond health insurance: Innovative employee benefits that attract and retain talent

Higginbotham

In today’s increasingly competitive job market, offering a basic health insurance package is no longer enough to attract and retain top talent. The Evolution of Employee Benefits Employee benefits have come a long way since the days of basic health insurance coverage with a savings retirement plan thrown in.

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Importance of Educating Gen Z Workers on Benefits

InterWest Insurance Services

To help these new recruits get the most out of the benefits you offer, you can start by focusing on the following: School them on health insurance. To many new Gen Z recruits, signing up for health insurance and actually using their benefits is a foreign concept. Financial wellness. Most students in the U.S.

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31 HR Acronyms Explained

Genesis HR Solutions

TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( This cheat sheet explains several common human resource acronyms. This cheat sheet explains several common human resource acronyms.

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4 Health Insurance Options For Small Business Owners

Genesis HR Solutions

As one of the most expensive aspects of running a small business, health insurance is top of mind for many employers. What is the best way to provide insurance? Should you provide insurance at all? Why Health Insurance For Small Businesses Matters. Health Insurance For Small Business Owners: 4 Options.

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16+ types of employee benefits you should consider

Genesis HR Solutions

Vision insurance is designed to help your employees cover and budget for ongoing vision care expenses like routine eye exams, prescription glasses, and contact lenses. Flexible Spending Account (FSA). Health Savings Account (HSA). Hospital Insurance. Life Insurance. UHC.com ).

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