Benefit Resource Inc.

APRIL 23, 2019

An HRA Account is an employer-funded account set up to assist employees with out-of-pocket medical expenses. Unfortunately, too often, neither of these things happen and employers see over-utilization and misuse of HRA funds by employees. Option 1: Add a deductible to the HRA. This strategy promotes longer range thinking.

Utilities 74

Utilities Deductions Deductible Benefits Package 74

Qandle

DECEMBER 16, 2023

Payroll refers to the process by which employers calculate and distribute compensation to their employees for the work they have completed. It involves various tasks, including calculating wages, withholding taxes and other deductions, and ensuring that employees receive their net pay.

Payroll 105

Payroll Payroll Software Payroll System Gross Pay 105

Money Talk

AUGUST 10, 2022

67 for workers born in 1960 or later), Social Security deducts $1 from benefits for every $2 earned above the annual limit ($19,560 in 2022). Tax Withholding Adjustments - Adding income from employment to what could be multiple streams of income in later life (e.g., food, gas, utilities, housing, etc.)

Disability Insurance 246

Disability Insurance Taxes Health Insurance Pension 246

HR Digest

SEPTEMBER 16, 2023

Health benefits for employees are proving to be a huge investment for employers , with total health benefit cost per employee expected to rise 5.4% The rising costs have been a result of increased use for the treatment of diabetes, but also a trend of utilizing the drug for weight loss. on average in 2024.

Health and Welfare 85

Health and Welfare Employment Healthcare Pharmaceutical 85

Business Management Daily

SEPTEMBER 22, 2021

Some employers start as early as September. Most employees elect coverage through their employer, but some may be eligible for marketplace coverage as well. Most employers have an open enrollment period of at least 2 to 4 weeks. Eligibility for HSAs is generally limited to people enrolled in High Deductible Health Plan (HDHP).

Employment 90

Employment Deductions Deductible Benefit Providers 90

Empuls

JUNE 18, 2023

In today's fast-paced work environment, employers increasingly recognize the importance of providing employee meal allowances. In this complete guide, we will explore the concept of meal cards, their significance, and how you can introduce them in the workplace for the benefit of employees and employers. What are meal cards?

Utilities 52

Utilities Food Taxes Take Home Pay 52

AssuredPartners

NOVEMBER 22, 2022

Does it make sense to utilize an existing plan or is there a need to create an entirely new offering? When are the contract effective dates for each population – will integration reset employee deductibles? Integration timeline. Who is responsible for drafting an integration timeline and executing accordingly?

Health and Welfare 59

Health and Welfare Employment Deductions Deductible 59

Higginbotham

DECEMBER 8, 2023

As rising health care costs and inflation place pressure on both corporate and personal budgets, employers and workers alike are looking for ways to save money without sacrificing quality employee benefits. Employers can offer benefits under a cafeteria plan to their employees, along with their workers’ spouses and dependents.

Deductions 52

Deductions Deductible Taxes Payroll 52

Empuls

SEPTEMBER 28, 2023

Yet, behind the allure of cityscapes and rolling hills, there's a pressing concern that affects both employers and employees alike: the ever-evolving cost of living. The good news is that the research into market trends indicates a high level of willingness among employers to assist their workforce.

Bonuses 40

Bonuses Employment Transportation Taxes 40

HR Lineup

JULY 19, 2023

One of the key highlights of Plus Minus Payroll is its intuitive and user-friendly interface, which makes it easy for both payroll professionals and non-experts to navigate and utilize the software effectively. With Plus Minus Payroll, employers can effortlessly handle a wide range of payroll-related tasks.

Payroll 52

Payroll Payroll Manager Deductions Deductible 52

InterWest Insurance Services

AUGUST 31, 2023

A new report by Aon warns employers to expect average group health insurance costs to increase 8.5% The report predicts that employers will pay an average of $15,088 in 2024, compared to the average this year of $13,906. increases employers saw in 2022 and 2023. increases employers saw in 2022 and 2023.

Pharmaceutical 98

Pharmaceutical Hospitality Health Insurance Medical 98

Benefit Resource Inc.

APRIL 18, 2023

One such way is by utilizing health savings accounts (HSAs) and flexible spending accounts (FSAs). Health Savings Accounts allow employees (and employers) to contribute to a tax-free account to be used for eligible medical expenses. Employers can opt to permit up to $500 to roll from one plan year to the next. What is an HSA?

Medical 52

Medical Flexible Spending Account Health Savings Account Flexible Spending 52

Global People Strategist

FEBRUARY 16, 2022

Innovation, equality, and sustainable business practices are just a few reasons why Sweden has become one of the most appealing countries for employment all over the world. Employment Benefits in Sweden. From day 1 to day 14, the employer pays the sick days at 80% of the employee’s total salary. Employer’s Contributions.

Employment 52

Employment Parental Leave Paid Vacation Paid Leave 52

PeopleStrategy

JANUARY 9, 2024

Utilizing surveys to gather information and show commonalities can help make identifying program objectives easier. From there, it’s time to design the program—and utilizing technology here is important. For you as an employer, companies can deduct training and education costs as a business expense.

Deductions 52

Deductions Deductible Utilities Technology 52

Benefit Resource Inc.

APRIL 20, 2023

While dusting, vacuuming, and packing away winter clothes may be on the top of your spring cleaning list, have you considered reviewing your eligible expenses and utilizing your Flexible Spending Account (FSA)? Utilize resources like BRIWEB , BRIMOBILE , and Participant Services to help you navigate your benefits.

Out of Pocket Cost 83

Out of Pocket Cost Flexible Spending Account Flexible Spending Health Savings Account 83

PeopleStrategy

OCTOBER 17, 2023

The employer pays the fee regardless of claims activity and usually collects some of the cost through pre-tax payroll deductions. However, with a level funded plan, the employer pays only for the expected claims costs, administrative fees, and stop-loss insurance. The monthly fee is fixed for a 12-month period.

Insurance Carriers 52

Insurance Carriers Healthcare Health Insurance Deductions 52

Money Talk

JUNE 29, 2022

In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexible spending accounts, financial goal progress, and investment portfolio status. This is a great time to increase emergency savings or automatic deposits into an employer retirement savings plan (e.g., 401(k) or 403(b) plan).

401(k) 245

401(k) Out of Pocket Cost Finance Flexible Spending Account 245

Qandle

DECEMBER 11, 2023

Payroll Management Automation of payroll calculations, tax deductions, and other financial aspects of employee compensation. Here are some common types of HRIS systems: Core HRIS Foundation of HRIS, managing essential employee data like personal details, employment history, and contact information.

Human Resources 105

Human Resources Payroll Software Retirement Plan 105

Employee Benefits

MAY 31, 2023

Paying for group plans can, therefore, have a significant effect on productivity, wellbeing, and sick leave for an employer. According to Health Shield, cash plans are a high utility product, with the average member claiming eight times per year, often for amounts at the lower end, around £50, for check-ups.

Insurance 105

Insurance Taxes Deductions Deductible 105

HR Professionals Magazine

MAY 4, 2023

PlanSource’s Decision IQ is an example that incorporates all of the above – boasting a 100% utilization rate. Artificial Intelligence (AI) and Machine Learning (ML) can be utilized to identify and approve valid documents. Virtual Assistants Employees often struggle finding pertinent benefits information at the time of service (i.e.,

Technology 52

Technology Utilities Payroll Deductions 52

Higginbotham

JANUARY 4, 2022

There are two main types of ancillary health insurance: voluntary benefits and employer contributory benefits. With employer contributory ancillary benefits, the employer usually pays 50 to 100 percent of the premiums. With voluntary ancillary benefits, the employer may contribute up to 49 percent of the premiums.

Health Insurance 52

Health Insurance Insurance Disability Insurance Life Insurance 52

Qandle

APRIL 7, 2022

Payroll administration is the difficult task of keeping track of your employees’ financial data, such as pay, benefits, taxes, and deductions. Some businesses use payroll professionals such as employers of record (EORs) or professional employer groups to handle their payroll (PEOs). Payroll services can be outsourced.

Payroll Service 98

Payroll Service Payroll Payroll Software Management 98

AssuredPartners

SEPTEMBER 11, 2023

Set to begin on January 1, 2024, employers covered under the new law certain employers located within designated Illinois counties and townships, as discussed further below will be required to provide a pre-tax commuter benefit allowing covered employees to utilize pre-tax dollars to purchase a transit pass via a payroll deduction.

Taxes 52

Taxes Transportation Deductions Deductible 52

HR Professionals Magazine

MARCH 28, 2023

The right broker will also help you consider whether to pay for robust pharmacy benefits and multi-tier copays when your employees may not utilize expensive drugs. Additionally, many employers and employees would not “buy down” their deductible if they knew the true cost of that deal. How are your broker’s math skills?

Deductions 40

Deductions Deductible 401(k) Benefits Package 40

Insperity

MARCH 15, 2022

Powered by tax-deductible donations from companies and their employees, employee benevolence programs are charitable vehicles through which employees are able to apply for emergency support as well as actively contribute to the needs of their co-workers. mortgage payments, rent, utilities)? Choose a nonprofit partner. Finance the fund.

Deductions 98

Deductions Deductible Taxes Finance 98

Employee Benefits

NOVEMBER 14, 2023

Set a budget – Create a detailed budget that includes all expenses, such as gifts, decorations, food, entertainment, nights out, travel, increased utility bills, and clothes, and stick to it. Some workplaces offer payroll-deducted savings schemes for effortless saving.

Management 98

Management Entertainment Finance Deductions 98

Money Talk

JUNE 24, 2021

Replenish Retirement Accounts - Consult with your employer HR department or plan custodian about steps to repay what you borrowed from a tax-deferred employer retirement savings plan such as a 401(k) or 403(b) plan. Examples include rent, utilities, mortgage payments, and student loan payments.

401(k) 100

401(k) Finance Entertainment Pension 100

HR Lineup

SEPTEMBER 4, 2023

Sprout’s leave management system helps ensure accurate tracking of accrued and utilized leave days. Direct Deposit: Sprout supports direct deposit, making it convenient for both employees and employers to handle salary disbursements.

Payroll Software 52

Payroll Software Payroll Payroll Manager Human Resources 52

CorpStrat

NOVEMBER 4, 2022

During this time, it is crucial to verify that employee deductions have been updated to payroll once open enrollment closes. If you are utilizing our benefits solution, we have several reports available to assist you in comparing your data. Please contact payroll@corpstrat.com if you find any discrepancies. ACA Reporting.

Payroll 52

Payroll Bonuses Deductions Deductible 52

Business Management Daily

OCTOBER 5, 2021

Employers’ payment of employees’ health benefits, even COBRA benefits, isn’t taxable to employees. The IRS was referring to the employer’s income. Can the company deduct the cost of this equipment from an employee’s final pay? In Notice 2021-31 , the IRS said the COBRA subsidy must be included in income. Probably not.

Payroll 52

Payroll Overtime Taxes Deductions 52

Benefit Resource Inc.

FEBRUARY 26, 2019

Given that just its name has complexities, it is no wonder that HRAs are often a challenge for employers (and employees). An HRA plan is an employer-funded benefit. Second, an HRA helps employers manage their rising benefits costs. Here are just a few of the decisions employers can make regarding HRA plan design.

Deductions 58

Deductions Deductible Medical Utilities 58

Benefit Resource Inc.

APRIL 29, 2020

In this week’s episode of Hall Pass, CEO Jason Hall discusses employer concerns during COVID-19 with Account Executive Team Lead Jaclyn Brosnan. Jaclyn provides information for employers on election changes for different account types, making changes to your plan design, and taking advantage of Specialty Accounts.

Employment 52

Employment Medical Taxes Transportation 52

HR Bartender

SEPTEMBER 14, 2017

Raymond] Having a written policy about auto allowance and reimbursements can benefit employers and employees, and an ‘accountable plan’ can help reduce tax liability on both ends. Utilizing an expense management system can make this process smoother for both employees and employers. Let’s get granular.

Deductions 102

Deductions Deductible Taxes Consulting 102

Empuls

APRIL 22, 2024

This is especially true when you factor in the seemingly endless list of expenses: groceries, rent/mortgage, utilities, health insurance, car payments.   Feeling valued and appreciated: A robust benefit package demonstrates that an employer cares about their employees' well-being beyond just their labor. the list goes on. 

Employee Benefits 40

Employee Benefits Family and Medical Leave Act Benefits Package Health Insurance 40

Griffin Benefits

MARCH 1, 2023

A growing number of employers are currently experiencing a rise in catastrophic health claims, largely due to medical and pharmaceutical advances (e.g., As a result, many employers with self-funded health plans are actively looking for impactful mitigation strategies. specialty drugs and cell and gene therapies).

Insurance 81

Insurance IT Pharmaceutical Medical 81

Business Management Daily

JANUARY 5, 2021

Relief for employers that deferred the deposit of employees’ Social Security taxes. Who got paid creditable wages differed, depending on size: Employers with 100 or more employees (i.e., For purposes of determining whether you’re a large employer, the 100-employee threshold increases to employers with 500 employees.

Family and Medical Leave Act 52

Family and Medical Leave Act Payroll 401(k) Taxes 52

Benefit Resource Inc.

JULY 21, 2020

If employers are obtaining parking from a third party, the cost is generally the amount paid to the third party. If employers own or receive parking as part of a lease, the cost can be determined using one of the “Simplified Methods.” The portion utilized by employees during peak demand times is the nondeductible amount.

Transportation 40

Transportation Deductions Deductible Taxes 40