article thumbnail

It’s Time for a Mid-Year Financial Check-Up

Money Talk

401(k) or 403(b) plan). Among the culprits: climate change, higher costs for labor and supplies to repair houses and cars, and higher out-of-pocket costs for employer-provided health insurance. Now is a good time to explore money-saving strategies to reduce insurance costs. child care, loan) ends.

401(k) 245
article thumbnail

5 Benefits to Help Employees Cope with Inflation

Best Money Moves

A few great ways for employers to assist employees are auto-enrolled retirement plans and increasing 401(k) contributions. According to SHRM, 16% of large and midsize US employers plan to raise 401(k) contributions or reinstate a contribution match for 2022. Health Care Assistance.

401(k) 115
article thumbnail

Having a Baby? Use Your Pre-Tax Funds to Save

Benefit Resource Inc.

Even with health insurance, labor and delivery can cost around $5,000, and without insurance, it can be upwards of $40,000. Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). HSA dollars can be used for baby supplies, postnatal care, check-ups, and more.

Taxes 72