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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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16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Flexible Spending Account (FSA). An HSA can be used only if employees have a qualified High Deductible Health Plan (HDHP).

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What employees expect from benefits packages

Business Management Daily

Medical plans with no or low-cost deductibles. Insurance that is accepted at a greater range of places. The company paying a higher portion of the insurance premium. Organizations also frequently provide employees with free or low-cost life insurance. Flexible employee schedules/work-from-home options.

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Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. Deductions must be set up in payroll and carrier invoices must be paid each month.