Remove 401(k) Remove Health Remove Health Savings Account Remove Life Insurance
article thumbnail

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. Vision Insurance. Flexible Spending Account (FSA). Health Savings Account (HSA). Life Insurance.

401(k) 98
article thumbnail

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. Take out a life insurance policy for added peace of mind.

401(k) 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Leap year! How to handle 27 biweekly payrolls in 2020

Business Management Daily

Best practice: List all benefits and deductions to determine whether they’re impacted: Medical, dental, life, vision, group-term life insurance, long-term disability, dependent care, flexible spending accounts and health savings accounts. Ditto for bonuses that are based on actual wages paid.

Payroll 83
article thumbnail

Open enrollment checklist for employers

Business Management Daily

Many businesses start out with basic health plans and then add on dental and vision once they’re able to. HSA benefit plans: A health savings account lets employees set aside money on a pre-tax basis to pay for qualified medical expenses. Make any necessary additions.

article thumbnail

Creating a comprehensive benefits package to attract and retain top talent

PeopleStrategy

These include: Health insurance and related services : These are the bread and butter of contemporary benefits. In addition to meaningful health coverage, it’s wise to have vision and dental insurance as part of this category. Be sure to evaluate whether or not these plan options make sense for your firm.

article thumbnail

What employees expect from benefits packages

Business Management Daily

Dental insurance and vision insurance. Organizations also frequently provide employees with free or low-cost life insurance. Large and small businesses alike benefit from sponsoring plans such as 401(K)s and Simple IRAs. The employee saves money because this set-aside money is not taxed.

article thumbnail

Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Health insurance Health insurance aims to assist employees with the costs of obtaining medical care. Optional dental and vision care are usually offered alongside health insurance for an added fee.) Many employers match their employees’ contributions to boost their savings.