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4 Life Hacks to Extend the Value of Your Benefits

Benefit Resource Inc.

We are all faced with choices every day which can lead you to save time or money. You might plan for retirement by contributing to a 401k plan. Use paid time (and personal savings) for a relaxing vacation. You have a healthy retirement plan with a 401K, but lack options for comprehensive group medical benefits.

401(k) 98
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3 Reasons to Love Your Benefits

Benefit Resource Inc.

That’s why employers should be offering medical and health-related benefits. A Medical Flexible Spending Account (Medical FSA), Health Savings Account (HSA), or Health Reimbursement Account (HRA) are great places to start. When it comes to employee benefits, there is no shortage of options.

401(k) 81
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Having a Baby? Use Your Pre-Tax Funds to Save

Benefit Resource Inc.

Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). you can also use your saved HSA funds on qualified medical expenses. Revisit your Savings Goals. A new baby means increased costs, but don’t let this keep you from saving for the future.

Taxes 72
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Open enrollment checklist for employers

Business Management Daily

The survey results will help you prioritize the benefit changes or expansions that would be most impactful for your current employees so that you can utilize your benefits budget effectively. HSA benefit plans: A health savings account lets employees set aside money on a pre-tax basis to pay for qualified medical expenses.

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New COVID relief package extends payroll provisions

Business Management Daily

Relief for health savings accounts and dependent care assistance plans. PPP loans originally covered payroll , rent, utilities, and similar costs. Expanded criteria for loans under the Paycheck Protection Program. Extensions of popular payroll tax provisions. Temporary disaster tax relief.

Payroll 52
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How Can Employers Help Employees With the Cost of Living Crisis?

Empuls

Employers and employees need to work together by utilizing an effective communication channel and helping the management develop the most appropriate solutions to address these issues. In addition to these retirement perks, employees also receive a substantial $1,000 in health savings account funding.

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3 ideas from psychology to communicate about HSAs

Benefit Resource Inc.

Now that you’ve explained (again) how insurance works, you get to begin the real work of teaching employees the difference between Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). When it comes to HSAs, your employees might not have heard of the account.

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