WEX Inc.

MAY 24, 2023

Often, employees feel confused about their benefits plans options, especially if their employer is using “complicated HR jargon” in their benefits messaging. How can your benefits messaging cater to your employees through benefits education? The information in this blog post is for educational purposes only.

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Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

HR Lineup

MAY 11, 2023

PeopleKeep also provides flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and health savings accounts (HSAs) to help employees save money on healthcare expenses. Another benefit of using PeopleKeep is the flexibility it offers.

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Flexible Spending Account Health Savings Account Benefits Package Flexible Spending 52

PeopleStrategy

OCTOBER 3, 2023

The importance of benefits became abundantly clear over the last couple of years as companies strived to retain top talent and recruit in-demand employees. A flexible benefits package that addresses health, family, career development, and financial well-being will help attract and retain a talented and satisfied multigenerational workforce.

401(k) 52

401(k) Retirement Plan Parental Leave Health Savings Account 52

Benefit Resource Inc.

FEBRUARY 21, 2024

The Health, Wealth, Wellness Triangle has emerged as a framework that acknowledges the interconnectedness of personal health, financial stability, and overall wellness. The Health Component A cornerstone of the Health, Wealth, Wellness Triangle is, unsurprisingly, health itself.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

WEX Inc.

SEPTEMBER 7, 2023

Lack of understanding The concern: Some individuals may not fully comprehend how an FSA works and may be hesitant to enroll due to confusion or uncertainty about its benefits and limitations. What you can do: Education is key. What you can do: While promoting the benefits of an FSA, it's important to respect individual choices.

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

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)?

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Health Savings Account Out of Pocket Cost Deductions Deductible 52

AssuredPartners

SEPTEMBER 25, 2023

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. One way to bridge this gap is through the strategic design of employee benefits packages that cater to an age diverse population.

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Retirement Plan Health Savings Account Benefits Package Healthcare 52

Benefit Resource Inc.

MAY 2, 2023

Pre-tax benefits, such as Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) , allow employees to set aside a portion of their pre-tax income to pay for healthcare-related expenses.

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Employment Flexible Spending Account Benefits Package Healthcare 52

Insperity

JANUARY 27, 2022

Some states may also tax fringe benefits, so be sure to check with your state tax authority before designing a fringe benefits package. Examples of taxable fringe benefits include: Non-business use of company cars Cash (bonus pay) Gym memberships Paid personal time off. 31 of the year after you give them to the employee.

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Employment Taxes Health Savings Account Benefits Package 92

Best Money Moves

AUGUST 18, 2021

Multigenerational workforces pose a unique challenge for employers and HR teams: How do you build a benefits package that’s equally attractive to all members of your workforce, when your team members are at radically different stages of their lives? Meanwhile, older employees will have greater concerns about retirement. .

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Health Insurance Health Savings Account Insurance Benefits Package 104

Business Management Daily

APRIL 25, 2024

Other non-taxable benefits can include: Achievement awards Adoption assistance Child/dependent care and assistance Tuition reimbursement or education assistance Employee stock options Health Savings Accounts (HSAs) Retirement planning services Meals Another non-taxable category is known as de minimis (minimal) benefits.

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Taxes Retirement Plan Employee Stock Option Bonuses 52

Benefit Resource Inc.

SEPTEMBER 28, 2023

At Benefit Resource (BRI), we believe in putting people first, and it is with great pride and excitement that we share the news of our recent achievements in the second annual BenefitsPRO Luminaries Awards. These recognitions are a testament to our unwavering commitment to transforming and humanizing the benefits industry.

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Flexible Spending Account Health Savings Account Taxes Flexible Spending 52

Empuls

FEBRUARY 26, 2024

  Offer alternative healthcare plans , such as high-deductible health plans (HDHPs) paired with health savings accounts (HSAs). Financial well-being support : Include benefits like retirement plans, financial counseling, and assistance programs to address diverse financial situations.

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Employee Benefits Financial Counseling Healthcare Retirement Plan 40

Benefit Resource Inc.

FEBRUARY 24, 2022

Position your benefits plans and the opportunities, so employees pay for their increasing out-of-pocket costs. The expansion of benefits for employees can provide the flexibility employees look for. That’s why you should give them a benefits package that caters to their specific needs and enhances the overall experience.

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

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. Savings Accumulation Timeframe. Typical Rules. Funds Owned by Employer.

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Flexible Spending Account Health Savings Account Deductions Deductible 52

Higginbotham

OCTOBER 5, 2023

Competitive advantage can also come from creativity in putting together a benefits package. Basic Benefit Packages are No Longer Competitive Not long ago, a more competitive benefits package might have included health insurance and a 401(k) plan , plus dental and vision insurance.

Health Insurance 52

Health Insurance Employee Benefits Insurance 401(k) 52

Best Money Moves

AUGUST 18, 2021

Multigenerational workforces pose a unique challenge for employers and HR teams: How do you build a benefits package that’s equally attractive to all members of your workforce, when your team members are at radically different stages of their lives? Meanwhile, older employees will have greater concerns about retirement. .

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Health Insurance Health Savings Account Insurance Benefits Package 57

PeopleStrategy

NOVEMBER 1, 2023

Following some specific steps can make the process smooth and employees happy, educated, and in control of their decisions. HR professionals need to provide employees with all the information they need to make an informed decision about their benefits package for the coming year. Let’s not delay any longer.

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Flexible Spending Account Health Savings Account Utilities Flexible Spending 52

Business Management Daily

APRIL 29, 2024

High-Deductible Health Plans (HDHPs) with Health Savings Accounts (HSAs) : HDHPs have lower premiums but higher deductibles compared to traditional health plans. Deductibles can be paid with tax-advantaged/tax-free spending accounts funded by employees and employers.

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Out of Pocket Cost PTO 401(k) Deductions 78

Insperity

AUGUST 25, 2020

This can look like: Using well-known carriers for the health insurance options you sponsor Contributing to a health savings account or flexible spending account for employees Offering an employee assistance program (EAP) Matching a percentage of employee retirement plan contributions. Development opportunities.

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Employment PTO Flexible Spending Account Health Savings Account 94

Higginbotham

MARCH 17, 2023

What are lifestyle spending accounts? Many workers are paying greater attention to their benefits and wondering how to stretch their dollars further. According to a 2022 benefits survey, just under 10 percent of employers reported offering LSAs as part of their benefits packages.

Health Insurance 52

Health Insurance Flexible Spending Account Insurance Benefits Package 52

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. 4 Paid Time Off.

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Employee Benefits Out of Pocket Cost Flexible Spending Account Health Insurance 106

Higginbotham

JULY 12, 2022

A health reimbursement plan gives employers a way to cover these costs. HRAs may sound like Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs), but there are key differences. Educate executives on the benefit. Learn more about our employee benefits services.

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Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Genesis HR Solutions

SEPTEMBER 21, 2021

Keep in mind there is little-to-no support for education for this option, or for gaining insights into how the health insurance plans will change from year to year. PEO stands for “professional employer organization”; small and midsize businesses that engage a PEO gain an ally when it comes to health insurance.

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Health Insurance Insurance 401(k) Insurance Carriers 52

Empuls

SEPTEMBER 25, 2023

HR departments must promptly revise company policies to reflect these changes and should also engage in comprehensive training programs to ensure that staff are educated about these shifts in policy. Updated and comprehensive benefits packages are an essential tool for attracting and retaining top talent.

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Family and Medical Leave Act Overtime 401(k) Benefits Package 40

Genesis HR Solutions

JULY 3, 2019

Though your benefits package may be quite substantial, your employees may not know or understand the real value of the benefits you offer. And they may continue to remain unaware of the “hidden” benefits they are receiving even as healthcare costs rise, and you, the employer, absorb the increases. Educational assistance.

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Empuls

SEPTEMBER 28, 2023

For example , Campbell soup company , a renowned brand in the food industry, takes pride in offering its employees an extensive range of healthcare benefits. Among the standout features of their benefits package is the inclusion of a 401K savings plan, an attractive incentive for those thinking about their financial future.

Employment 40

Employment Health and Welfare Healthcare 401(k) 40

WEX Inc.

OCTOBER 12, 2023

As an employer, providing a robust employee benefits package is only half the battle. Educating on the value of their benefits and how best to use them is equally important. One of the questions we asked: What benefit would you like to learn more about? We recently surveyed nearly 60,000 of our participants.

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Education Health Savings Account Consulting Taxes 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. Sometimes, a job candidate’s decision to accept a position can come down to the extra, less common benefits that a workplace offers.

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

Higginbotham

OCTOBER 14, 2022

Different health plan types come with both advantages and disadvantages, including differences in cost, risk and employee involvement/education. Health insurance is a key element of any employee benefits package, but small business owners should consider offering other benefits as well. Learn more.

Employee Benefits 52

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

Benefit Resource Inc.

AUGUST 6, 2021

Free Health Savings Account? While a 401(k) is basically the crockpot of savings accounts where you can set your contribution amount and then forget about it, the versatility of an HSA allows participants to be much more involved. Does your benefits package offer the value you think it does?

401(k) 76

401(k) Health Savings Account Deductions Deductible 76

WEX Inc.

JULY 20, 2023

In the first post of this year’s open enrollment series, we break down some of the common feedback we received from those who said their benefits options were lacking so you can build the best benefits package going into your open enrollment. The information in this blog post is for educational purposes only.

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Deductions Deductible Flexible Spending Account Health Savings Account 75

Empuls

JULY 11, 2023

Non taxable or tax free employee benefits are an integral part of a comprehensive compensation package, complementing salary and other traditional benefits. They can range from health insurance coverage to retirement plans, flexible spending accounts, transportation benefits, education assistance, and more.

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

Higginbotham

MAY 11, 2023

Fortunately, employers are uniquely poised to provide their employees with the benefits and financial education they want. Savings accounts can round out a top-tier benefits package. Such accounts help employees save on health-related costs and taxes and are also valuable to employers.

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Flexible Spending Account Health Savings Account Deductions Deductible 52

Genesis HR Solutions

NOVEMBER 20, 2018

A Professional Employer Organization (PEO) allows its clients to outsource many of their human resource functions, share employment liability, and, oftentimes, gain economies of scale to bring an improved benefits package to their employees. PEO services include administration of the following: Health benefits.

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Human Resources Health Insurance 401(k) Benefits Package 40

Vantage Circle

SEPTEMBER 11, 2023

For example, some platforms allow for integrating different benefits, such as health insurance, retirement plans, and wellness programs. This can help employers tailor their benefits packages to meet their employees' specific needs and preferences. Criteria Ease of Use Features Customer Support Pricing Ratings 4.5/5

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Employee Benefits Payroll Retirement Plan Software 52

WEX Inc.

SEPTEMBER 5, 2023

Keep reading this blog post to learn four reasons why offering benefits is challenging for small business owners and what they can do to overcome these challenges. Budget The challenge: Offering the best benefits package is going to require a certain amount of budget. Want to learn more about how you can support your employees?

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Health Savings Account Taxes Education Benefits Package 52