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What employees expect from benefits packages

Business Management Daily

Offering an attractive employee benefits package helps lure top talent and encourages the retention of your best team members. Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. There’s no one-size-fits-all answer.

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How Employers Should Prepare to Navigate a Recession

Benefit Resource Inc.

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. This can help employees save money on transportation and reduce the financial strain of taking time off work.

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What Are fringe benefits? Options, taxability, and other considerations.

Business Management Daily

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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Examples of fringe benefits by category

Business Management Daily

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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Beyond health insurance: Innovative employee benefits that attract and retain talent

Higginbotham

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.

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FSA eligible expenses — what purchases count?

Business Management Daily

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?

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16+ types of employee benefits you should consider

Genesis HR Solutions

Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside. Health Savings Account (HSA). This includes emergency treatment, hospital stays, and medical exams, and other expenses they may face, such as transportation and lodging needs.

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