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Support your employees’ fertility benefit needs with an HSA or FSA

WEX Inc.

And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexible spending account (FSA) funds? What are fertility benefits? It is not legal or tax advice. Keep reading if you're interested in supporting your employees with these needs.

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4 ways to effectively communicate benefits

WEX Inc.

It’s about what a health savings account or a flexible spending account can do for them." Increase communication One main reason why employees don’t understand their benefits is a lack of communication from their employers. It is not legal or tax advice.

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Importance of Employee Benefit Package And Why it Matters

HR Digest

To drive company’s success, benchmark and budget a benefit plan that attracts the skilled employees, is needed to keep the employees performing at their best. The mandatory benefits form the foundation of all employee benefit packages. Payroll taxes 2. Health care flexible spending accounts 3.

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Leap year! How to handle 27 biweekly payrolls in 2020

Business Management Daily

Although most companies choose this option, it may be a costly decision, since employees will receive an extra paycheck, along with extra taxes withheld and extra benefits provided. No federal or state agency requires you to adjust employees’ pay for the extra pay period. Figure pay based on 52.143 weekly pay periods or 26.07

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Open enrollment checklist for employers

Business Management Daily

HSA benefit plans: A health savings account lets employees set aside money on a pre-tax basis to pay for qualified medical expenses. FSA benefit plans: Flexible spending accounts also allow employees to set aside pre-tax dollars to cover qualified healthcare or dependent care expenses.

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Imputed income: The real reason behind those pesky receipt requests

Benefit Resource Inc.

The technical definition is: when the value of a service or benefit, provided by employers to employees, must be treated as income. Your employer provided a benefit (aka: allowed you to set aside funds pre-tax). The funds must then be imputed (or treated as income) and subject to payroll taxes.

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3 ways to get employees to “swipe right” on your benefits

Benefit Resource Inc.

The first step to getting employees to “swipe right” on your benefits is for them understand what they are looking for in a benefits package. Some people might want benefits that can be used to support children, like a General or Limited Flexible Spending Account (FSA) or a Dependent Care FSA.