HR Digest

OCTOBER 22, 2023

The plan’s popularity is also aided by the fact that the employers matching contributions to the plan are tax deductible, allowing both parties to make a useful contribution to the employee’s future. Can Employers Deduct Fringe Benefits?

401(k) 52

401(k) Employee Stock Option Deductions Deductible 52

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. This means offering a comprehensive benefits package that goes beyond just health insurance and paid time off.   the list goes on. 

Employee Benefits 40

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

Higginbotham

JULY 12, 2022

Health Reimbursement Arrangement and Group Health Plan. In the simplest terms, a medical expense reimbursement plan refunds employees for covered medical costs. There are several types of health reimbursement arrangements, and they work with group health plans in different ways. Funds do not expire.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

PeopleStrategy

JULY 8, 2019

According to a recent survey , 35 percent of employees don’t understand their healthcare coverage, and another 33 percent don’t understand their medical bills. Health benefits payment terms. Co-insurance: the amount an employee must pay after meeting their deductible; under most plans, this is around 20% of full price.

Health Savings Account 82

Health Savings Account Deductions Deductible Healthcare 82

Business Management Daily

SEPTEMBER 22, 2021

Employees get to select a new plan for their health insurance and opt into other employee benefits for the next year. This is generally the only time health coverage changes are allowed aside from onboarding or family changes (such as marriage, divorce, or the birth of a child). It’s almost that time of year again!

Employment 90

Employment Deductions Deductible Benefit Providers 90

Business Management Daily

SEPTEMBER 15, 2021

Someone definitely could view an employee benefits package that lacks health insurance or paid sick days as a reason to not accept an offer of employment. To aid in the decision-making process, though, here’s a closer look at various types of employee benefits : Health insurance.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

HR Digest

SEPTEMBER 14, 2020

Under the Affordable Care Act, there is a subsidy available for small businesses that provide health insurance to their employees. To qualify, the startup must have fewer than 25 full-time equivalent employees, pay average annual wages below $50,000 and contribute 50% or more toward employees’ self-only health insurance premiums.

Health Insurance 98

Health Insurance Insurance Deductions Deductible 98

Insperity

MARCH 12, 2024

Health insurance Health insurance aims to assist employees with the costs of obtaining medical care. This is one of the most critically important benefits to employees, given the generally high costs associated with medical care.

Family and Medical Leave Act 57

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

Higginbotham

OCTOBER 14, 2022

Health Insurance for Small Business. Under the ACA, small employers with fewer than 50 full-time equivalent employees are not required to offer health insurance or subject to the employer shared responsibility provisions. However, many small business owners offer health insurance coverage anyway.

Employee Benefits 52

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

Employee Benefits

DECEMBER 22, 2023

Married individuals can file jointly to receive a combined standard deduction of $27,700. As a married couple, you’ll enjoy the ability to compare employer-sponsored health insurance plans and select the one with the best financial and coverage benefits. These should be reviewed regularly and updated as needed.

401(k) 105

401(k) Health Insurance Finance Taxes 105

Genesis HR Solutions

AUGUST 9, 2018

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. The most expensive benefit to offer is health insurance.

Employee Benefits 40

Employee Benefits 401(k) Health Insurance Insurance Carriers 40

Genesis HR Solutions

NOVEMBER 11, 2021

At GenesisHR, we give small businesses and nonprofits like yours access to a portfolio of benefits you could not get on your own—Fortune 500 benefits, health insurance with Blue Cross Blue Shield of Massachusetts , and more. Read more about the benefits packages and insurance offerings you could get if you partner with Genesis.

Payroll 52

Payroll Comprehensive Benefits Insurance PTO 52

Insperity

SEPTEMBER 6, 2011

Group health insurance costs are skyrocketing all across the country. The average annual medical insurance premium for single coverage is $4,824, and $13,375 for family coverage, according to the Kaiser Foundation’s (KFF) 2009 Annual Survey of Employer Health Benefits. Extremely low deductibles and copays.

Deductions 41

Deductions Deductible Health Insurance Disability Insurance 41

McNees

JANUARY 19, 2021

Currently, a pension plan may elect, under Section 420, to transfer excess pension assets over a designated period of time to fund certain retiree health and life insurance costs. Preventing Surprise Medical Bills. Choice of Health Care Professional. Excess Pension Asset Transfers.

Employee Benefits 40

Employee Benefits Flexible Spending Health Insurance Pension 40