HR Digest

MAY 21, 2023

From mandated health insurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. Health insurance Those benefits provide a baseline of employee expectations. Health care flexible spending accounts 3. Flexible scheduling 11. Overtime pay 3.

Benefits Package 105

Benefits Package 401(k) Employee Benefits Disability Insurance 105

Money Talk

AUGUST 3, 2022

a regular bank or brokerage account) where earnings are taxed in the year they are received, tax-deferred investments (e.g., They include 529 college savings plans, flexible spending accounts (FSAs), tax-deferred annuities, and health savings accounts (HSAs) for people with high-deductible health insurance plans.

Taxes 188

Taxes 401(k) Flexible Spending Account Deductions 188

Qandle

JUNE 20, 2023

This includes employee details such as names, addresses, social security numbers, tax withholding information, bank account details for direct deposit, and any changes in employment status or compensation. Time and Attendance Management: If your organization tracks employee hours worked, you need to gather time and attendance records.

Payroll 98

Payroll Flexible Spending Account Overtime Payroll Software 98

Best Money Moves

OCTOBER 13, 2023

Common incentives for participation include cash bonuses, reducing contributions towards health insurance and providing a flexible spending account. Financial wellness programs Only 42% of employees rate their financial wellness as good or excellent, according to a report by Bank of America.

Employee Wellness 106

Employee Wellness Flexible Spending Account Flexible Spending Benefits Package 106

PeopleKeep

APRIL 30, 2020

There are a few different types of medical reimbursement plans including: Health Reimbursement Arrangements (HRAs), Healthcare Reimbursement Plans (HRPs), Health Savings Accounts (HSAs), and Health Flexible Spending Accounts (FSAs). Medical reimbursement plans can be used alongside a group health insurance plan.

Medical 60

Medical Flexible Spending Account Health Savings Account Health Insurance 60

Higginbotham

NOVEMBER 28, 2022

Unlike Flexible Spending Accounts (FSAs), which are owned by employers, individuals own HSAs. To contribute to an HSA, you must enroll in a high-deductible health plan. The tax advantages can make health care more affordable. Even when you have health insurance, out-of-pocket expenses can be significant.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

Stratus.HR

JUNE 11, 2021

HSA Bank Fees. Most banks that offer HSAs charge a one-time set-up fee, along with annual bank fees. The good news is there are multiple HSA bank options, meaning you can shop around for the bank with the lowest fees. It’s also possible that your employer has already contracted with a bank to simplify this process.

Deductions 76

Deductions Deductible Out of Pocket Cost Health Savings Account 76