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4 considerations when choosing employee benefits for the first time

WEX Inc.

To take advantage of an HSA, you need to participate in an HSA-eligible health plan (or high-deductible health plan). HSA-eligible health plans typically have lower premiums but higher deductibles. Assess your ability to cover the deductible before choosing this plan.

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Employee Benefit: A Strategic Investment for Attracting and Retaining Top Talent

Empuls

  According to pwc, 60 % of full-time employees are stressed about their finances. Here's how:  Reduced financial stress: Benefits like health insurance, retirement plans, and paid time off provide a financial safety net, alleviating stress and anxiety about unforeseen medical bills, future security, and taking a break. 

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Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

Employers can support them by providing employee financial wellness programs that help workers manage their money and take control of their finances. Why Employers Should Care About Financial Wellness According to Capital One, 73 percent of people say their finances are a major cause of stress.

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Total compensation package examples

Higginbotham

Bonuses and commissions can give annual earnings a significant boost, and various benefits can also have a major impact on your employees’ finances and wellbeing. Retirement Plans. Health Insurance. Other Insurance (Dental Insurance, Vision Insurance, Life Insurance, Disability Insurance, Pet Insurance, etc.).

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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. To confirm your company’s legal obligations for these types of insurance, check the laws in your particular state.

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Employee benefits for small businesses

Higginbotham

Different health plan types come with both advantages and disadvantages, including differences in cost, risk and employee involvement/education. Disability Insurance and Life Insurance. Life insurance is a popular choice. Disability insurance is another popular option. Retirement Plans.

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Financial tips for your LGBTQ+ community

Employee Benefits

The personal finance benefits to married LGBTQ couples have expanded by leaps and bounds in the last decade since same-sex marriage was legalized. Gaps also exist when it comes to retirement savings among same-sex and LGBTQ couples. Married individuals can file jointly to receive a combined standard deduction of $27,700.

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