PeopleKeep

MAY 24, 2021

With new tax-free vehicles emerging, including account-based health plans (ABHPs), small employers now have multiple ways to increase employees’ benefits. Get our HRA and HSA compatibility guide to see how to offer these two benefits together.

Health Savings Account 98

Health Savings Account Benefits Package Deductions Deductible 98

Benefit Resource Inc.

MAY 2, 2023

As a result, many employers are in hyper-vigilance mode, anticipating the next recession and bracing themselves for a potentially difficult ride. In this climate, employers are considering a range of strategies to mitigate their financial risks in anticipation of a possible recession.

Employment 52

Employment Flexible Spending Account Benefits Package Healthcare 52

Benefit Resource Inc.

FEBRUARY 21, 2024

In today’s dynamic workplace landscape, employers are realizing that fostering employee well-being extends far beyond traditional compensation packages. The Health, Wealth, Wellness Triangle has emerged as a framework that acknowledges the interconnectedness of personal health, financial stability, and overall wellness.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

InterWest Insurance Services

AUGUST 1, 2023

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. The average HDHP deductible is $2,349, but many plans exceed $3,000.

Family and Medical Leave Act 96

Family and Medical Leave Act Out of Pocket Cost Deductions Deductible 96

Insperity

JANUARY 27, 2022

It’s one more way to signal that you’re an employer of choice. Job hunters typically compare fringe benefits their target companies offer – they’re an important factor in choosing an employer. At the same time, current employees may compare your offerings against a prospective new employer. for partners in the business.

Employment 92

Employment Taxes Health Savings Account Benefits Package 92

InterWest Insurance Services

AUGUST 22, 2023

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. The average HDHP deductible is $2,349, but many plans exceed $3,000.

Family and Medical Leave Act 92

Family and Medical Leave Act Out of Pocket Cost Deductions Deductible 92

Higginbotham

MAY 21, 2024

When it comes to employee well-being, physical health is only half of the equation. If employers want to help foster a healthy and productive workforce, they also need to promote mental health. Substance abuse is also common, particularly when individuals do not have mental health support: 33.5 percent of U.S.

Health Savings Account 52

Health Savings Account Health Insurance Financial Counseling Disability Insurance 52

Higginbotham

NOVEMBER 28, 2022

Employers and employees alike are looking for ways to make health care more affordable. 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)?

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

Higginbotham

JANUARY 12, 2024

Out-of-pocket health care costs can become a burden for employees. Special accounts designed to cover health care costs can help both workers and employers manage their expenses. These setups can often provide substantial tax benefits as well. HRA vs HSA vs FSA: What’s the difference?

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 52

Benefit Resource Inc.

AUGUST 6, 2021

Free Health Savings Account? per employee per month in HSA administration fees and you, the employer, have 100 employees contributing to their HSA, you might second guess whether spending $3,300 per year is worth it. Based on the FICA tax rate of 7.65%, you’ll save $15,300. But is it really? Cost #2: Hide-and-seek.

401(k) 76

401(k) Health Savings Account Deductions Deductible 76

InterWest Insurance Services

JULY 20, 2022

It always takes more time than usual to onboard new employees — particularly ones who are new to the workforce altogether — to your employee benefits plans. If they are not educated on their options and how health plans work, those new to employment can make poor decisions that could have serious financial repercussions.

Education 93

Education 401(k) Deductions Deductible 93

Higginbotham

MAY 11, 2023

However, simply providing a benefits package is not enough. In order to maximize the value of employee benefits, management must understand the components of the plan and create effective policies to find the right insurance fit, encourage employee participation, manage costs and comply with regulations.

Insurance 52

Insurance Deductions Deductible Benefits Package 52

Business Management Daily

APRIL 29, 2024

Fringe benefits are how employers make up the gap. Different benefits appeal to different teams, but what matters most is providing more than just the bare minimum—health insurance, workers’ compensation, and a competitive salary. Plus, many of them deal with the IRS on your behalf to handle taxable fringe benefits.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

InterWest Insurance Services

SEPTEMBER 27, 2023

With answers and feedback in hand you can create a benefits package that is more appealing to them, which in turn gives you a competitive edge when attracting and retaining workers. Engage employees and solicit feedback through quarterly employee-benefits round table meetings. That benefits both them and your organization.

Out of Pocket Cost 72

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 72

Higginbotham

OCTOBER 13, 2023

Your workforce likely includes Boomers, Gen Xers, Millennials and Gen Zers, parents, pet parents and those without children – and they all want different things from their employee benefits. What are Lifestyle Spending Accounts? Although Lifestyle Spending Accounts are not common in the U.S.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

AssuredPartners

SEPTEMBER 25, 2023

In today's dynamic work environment, one of the most complex challenges faced by employers is managing a multigenerational workforce. From Baby Boomers who have decades of experience to Gen Zer's just starting their careers, each generation brings unique perspectives and expectations when it comes to the benefits that they value the most.

Retirement Plan 52

Retirement Plan Health Savings Account Benefits Package Healthcare 52

InterWest Insurance Services

JUNE 16, 2022

While making more money was still the top reason for looking for new work, the results illustrate the importance of health benefits and that employers are not as tuned into their employees’ needs as they think they are. But the one issue hanging over all employee benefits, particularly health insurance, is the costs.

401(k) 93

401(k) Health Insurance Health Savings Account Insurance 93

Higginbotham

JUNE 14, 2022

FSA programs can be a good fit for many employee health benefit programs, but before being able to decide, you may have some questions – for example, how do FSAs work? Flexible Spending Account vs. Health Savings Account. Funds Owned by Employer. Savings Accumulation Timeframe. Typical Rules.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 52

Higginbotham

OCTOBER 14, 2022

This can be done through salary and wages, but it can also be done through benefits, and the latter can be better in some ways. A Glassdoor survey found that 80 percent of employees prefer additional benefits over a pay raise. If employers don’t provide adequate compensation, they risk losing their workers.

Employee Benefits 52

Employee Benefits Family and Medical Leave Act Disability Insurance Paid Sick Leave 52

Business Management Daily

APRIL 25, 2024

Employers are required by law to provide certain benefits to employees. Beyond that, however, fringe benefits can help employers sweeten the deal and make work a better place to be. The difference between fringe benefits and required benefits lies in whether or not a given company is required by law to provide them.

Taxes 52

Taxes Retirement Plan Employee Stock Option Bonuses 52

Insperity

MARCH 12, 2024

Launching a successful benefits program in your workplace calls for a savvy employee benefits strategy. Here, we’ll cover everything you need to know about employee benefits. In exchange for this benefit, employees give up their right to sue their employer over their work-related injury, regardless of which party is at fault.

Family and Medical Leave Act 57

Family and Medical Leave Act Employee Benefits PTO 401(k) 57

Benefit Resource Inc.

FEBRUARY 24, 2022

This can be achieved by offering a High-Deductible Health Plan (HDHP) paired with a Health Savings Account (HSA), taking advantage of Self-Funded Plans, sharing educational tools, like MyMedicalShopper by Talon Health Tech , that provide cost transparency, or connecting employees to health experts.

Out of Pocket Cost 75

Out of Pocket Cost Benefits Package Human Resources Health Savings Account 75

Benefit Resource Inc.

NOVEMBER 22, 2022

With a pre-tax benefit, you’re able to deduct the cost of your benefits from your taxes before you calculate what you owe. There are several different types of pre-tax benefits that you may be eligible for, including Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), and Commuter Benefits.

Employee Benefits 52

Employee Benefits Flexible Spending Account Flexible Spending Health Savings Account 52

Higginbotham

JANUARY 27, 2023

Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile. ALEs are subject to certain health care reporting requirements. However, many small employers decide to offer health insurance anyway.

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52

Higginbotham

MAY 11, 2023

FAQs Provide Guidance on Preventive Care Following Court Decision The ACA requires non-grandfathered health plans and health insurance issuers to cover a set of recommended preventive services without imposing cost-sharing requirements (such as deductibles, copayments or coinsurance) when the services are provided by in-network providers.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 52

Empuls

FEBRUARY 26, 2024

Benefits of hybrid work arrangements for employees and employers The adoption of hybrid work models, combining both in-office and remote work, has emerged as a popular solution that offers benefits to both employees and employers. Employers are acknowledging that a healthy workforce is a more engaged and efficient one.

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Retirement Plan 40

Best Money Moves

JULY 8, 2020

HR trends forecast the most desired employee benefits for 2021 like financial wellness programs and flexible work arrangements. It’s time for employers to start planning their employee benefits packages for 2021. But what can employers do to help? 5 Mental Health Benefits . 4 Paid Time Off.

Employee Benefits 111

Employee Benefits Out of Pocket Cost Flexible Spending Account Health Insurance 111

Higginbotham

JULY 12, 2022

For example: In an individual coverage health reimbursement arrangement, the health reimbursement arrangement is offered in place of a group health plan, allowing employees to purchase a health plan on their own. Integrated health reimbursement arrangements are designed to work with the group health plan.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Business Management Daily

NOVEMBER 15, 2021

Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. Employers are constantly looking for ways to remain competitive in their benefits offerings, and an FSA is a great add-on to your benefits package. What Expenses Are Covered By an FSA?

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

Genesis HR Solutions

SEPTEMBER 22, 2020

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. 16+ types of employee benefits you should consider. Employers usually cover a portion of this premium. Health Savings Account (HSA).

401(k) 98

401(k) Employee Benefits Disability Insurance roth 401(k) 98

Empuls

JULY 11, 2023

In the ever-evolving world of employment, organizations are increasingly focusing on enhancing employee satisfaction and well-being. Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent.

Employee Benefits 40

Employee Benefits Flexible Spending Account roth 401(k) 401(k) 40

Flimp Communications

OCTOBER 18, 2019

More local governments are modifying their benefits packages to make them more attractive to new and longtime employees. Benefits have long been a strength for many governmental agencies and organizations. Some of them need low deductibles and high premiums because of existing medical conditions. Possible Solutions.

Government 41

Government Recruitment Health Savings Account Deductions 41

Benefit Resource Inc.

SEPTEMBER 25, 2018

Let’s say you decided to offer a Flexible Spending Account (FSA). Limited/Post Deductible FSA. You may also need to consider pre-tax transportation benefits. While not technically an FSA, some people will informally refer to a Commuter Benefit Plan as a Transit FSA. First, who is funding the benefit?

Taxes 45

Taxes Health Savings Account Flexible Spending Account Flexible Spending 45

Genesis HR Solutions

SEPTEMBER 21, 2021

As one of the most expensive aspects of running a small business, health insurance is top of mind for many employers. When it comes to recruitment, 46% of people say health insurance was either the deciding factor or a positive influence in choosing their current job. Finding it a challenge to offer great benefits?

Health Insurance 52

Health Insurance Insurance 401(k) Insurance Carriers 52

Benefit Resource Inc.

NOVEMBER 13, 2018

When updating your playbook, be sure to look at the following: Plan limits and employer contributions (if applicable). Adding a Health Savings Account is a strong and popular play. Your assistant coaches at Benefit Resource are ready to assist. Simply, log into the BRiWeb Employer Login. Plan types (e.g.

Taxes 40

Taxes Health Savings Account Deductions Deductible 40

Benefit Resource Inc.

OCTOBER 30, 2018

The BRight Ideas Quiz administered by Benefit Resource, Inc. in 2017 revealed several key areas within pre-tax benefits where participant understanding needs improvement. In this section, we’ll explore areas related to Flexible Spending Accounts, Health Savings Accounts, and Health Reimbursement Accounts.

Flexible Spending Account 56

Flexible Spending Account Taxes Health Savings Account Healthcare 56

Insperity

APRIL 4, 2012

If the individual mandate stands, employers will likely find themselves carrying more employees on their health care plans, including those with pre-existing conditions. Employers may already find themselves offering coverage to more people because some parts of the Affordable Care Act are already in effect. Higher Deductibles.

Flexible Spending Account 40

Flexible Spending Account Deductions Deductible Health Insurance 40