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The benefits of an HSA account

Higginbotham

Some are turning to Health Savings Accounts (HSAs). Although HSAs won’t work for everyone, the benefits of an HSA account make this an appealing option for some individuals. What is a Health Savings Account (HSA)? An HSA is a special type of savings account. HSAs are portable.

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What are fringe benefits? What employers need to know

Insperity

What are fringe benefits? In common parlance, fringe benefits (a.k.a. perks or perquisites) are benefits you offer in addition to pay. The IRS’ Publication 15-B (2021) Employer’s Tax Guide to Fringe Benefits defines a fringe benefit as “a form of pay for the performance of services.

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How to leverage a Lifestyle Spending Account in your benefits strategy

Higginbotham

According to the Society for Human Resource Management (SHRM), Lifestyle Spending Accounts are more common in Canada, but they’re starting to receive attention in the U.S., especially as employers look at options beyond standard benefits packages to help improve recruitment, retention and turnover. However, there’s a catch.

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How do FSAs work? Understanding FSA programs

Higginbotham

Flexible Spending Account vs. Health Savings Account. An FSA is a type of savings account that lets people pay for certain out-of-pocket medical expenses using tax-free dollars. FSAs might sound a lot like Health Savings Accounts (HSAs), but there are some key distinctions.

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Robust HR Software Solution – Qandle

Qandle

Businesses of all sizes in the United States may benefit from our platform’s comprehensive help with payroll processing. Wage and benefit calculations and tax filings may be done mechanically. Facilitated fiscal administration: One of the most time-consuming tasks for human resources workers is tax management.

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Don’t Let Rising Health Care Costs Sink Your Business

Insperity

When aiming to reduce a business’ health care costs, it’s helpful to understand the basics of some of the most popular savings account options: HSAs (Health Savings Accounts): Employers are now offering HSAs as a side benefit to high-deductible plans.