InterWest Insurance Services

NOVEMBER 25, 2022

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. 7,750 for family coverage (up $450).

401(k) 98

401(k) Deductions Deductible Flexible Spending Account 98

Stratus.HR

JUNE 11, 2021

High Deductible Health Plans (HDHP) and Health Savings Accounts (HSA) are growing more and more popular each year. Well, there’s a flipside of HDHPs and HSAs that includes a higher deductible and added out-of-pocket costs. HSA as a Retirement Account. HSA-Eligible Expenses. Do Your Homework.

Deductions 76

Deductions Deductible Out of Pocket Cost Health Savings Account 76

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) 245

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

WEX Inc.

SEPTEMBER 14, 2023

When approaching open enrollment, do … Evaluate available health insurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. If your employer offered you a raise, you wouldn’t say no, right?

401(k) 98

401(k) Health Savings Account Flexible Spending Account Healthcare 98

InterWest Insurance Services

JULY 20, 2022

Keep in mind that the ritual of choosing a benefits package is a brand-new experience for people who are new to the workforce, and you should prepare to educate new employees on how to effectively choose and use their new coverages, as well as all the details like premiums, deductibles and out-of-pocket expenses. Financial wellness.

Education 98

Education 401(k) Deductions Deductible 98

InterWest Insurance Services

SEPTEMBER 27, 2023

It’s almost time for group health insurance open enrollment and your top priority should be to drive participation by helping your employees make informed decisions about their options. The lower the premium on the plan, the higher the deductibles and copays. Get an early start If your plan year starts Jan.

Out of Pocket Cost 93

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 93

WEX Inc.

JANUARY 4, 2023

COBRA can provide important health insurance security when you’ve experienced job loss or another qualifying event. And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility. You don’t have any disqualifying coverage (such as an FSA).

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

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). Some employers start as early as September.

Employment 90

Employment Benefit Providers Deductions Deductible 90

Insperity

MAY 13, 2015

If you’re shopping for group health insurance for your company the first or second time around, it can be hard to make a confident choice. Not to mention, the Affordable Care Act (ACA) has changed the group health insurance market considerably. The account holder (i.e., High-deductible health plans.

Health Insurance 83

Health Insurance Insurance Out of Pocket Cost Health Savings Account 83

CorpStrat

FEBRUARY 22, 2023

People are already struggling to pay for the insurance premiums but on top of that, they’re afraid deductibles, prescriptions, and co-insurance might push them into the red. Every plan is a little bit different so be sure you know the rules that your employer has set up. It’s no wonder that they’re struggling.

Flexible Spending Account 52

Flexible Spending Account Out of Pocket Cost Flexible Spending Deductions 52

Genesis HR Solutions

MAY 2, 2023

For employers and employees, there are myriad HR terms to know and understand. 1099: A form that reports income from self employment earnings, interest and dividends, government payments, and more. IRS ) W-4: A form used by employers to withhold the proper amount of federal income tax from employees’ paychecks. (

Family and Medical Leave Act 52

Family and Medical Leave Act 401(k) Flexible Spending Account Health Savings Account 52

Griffin Benefits

NOVEMBER 28, 2023

Has your company outgrown its Professional Employer Organization (PEO)? But employees who participate in flexible spending accounts need ample notice to take advantage of available funds, and there’s typically a 30-day, post-termination window for submitting receipts. It happens for all sorts of reasons.

Flexible Spending Account 64

Flexible Spending Account Workers’ Compensation Taxes Flexible Spending 64

Higginbotham

NOVEMBER 28, 2022

Employers and employees alike are looking for ways to make health care more affordable. Some are turning to Health Savings Accounts (HSAs). Although HSAs won’t work for everyone, the benefits of an HSA account make this an appealing option for some individuals. What is a Health Savings Account (HSA)?

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

HR Lineup

JULY 10, 2023

The platform automates the entire payroll process, from calculating earnings and deductions to generating pay stubs and tax forms. It simplifies the enrollment and management of employee benefits programs, such as health insurance, retirement plans, and flexible spending accounts.

Flexible Spending Account 52

Flexible Spending Account Payroll Retirement Plan Flexible Spending 52

Business Management Daily

NOVEMBER 15, 2021

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. Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. Types of FSA Plans.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

Genesis HR Solutions

SEPTEMBER 22, 2020

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans.

401(k) 98

401(k) Employee Benefits Disability Insurance roth 401(k) 98

Higginbotham

JULY 12, 2022

Healthcare.gov says that employees must be enrolled in individual health plans, such as a Marketplace plan, to use the funds. This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. They have to pay a deductible. Funds do not expire.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Insperity

MAY 13, 2015

If you’re shopping for group health insurance for your company the first or second time around, it can be hard to make a confident choice. Not to mention, the Affordable Care Act (ACA) has changed the group health insurance market considerably. Health Savings Accounts. The account holder (i.e.,

Health Insurance 42

Health Insurance Insurance Out of Pocket Cost Health Savings Account 42

Benefit Resource Inc.

NOVEMBER 22, 2022

With a pre-tax benefit, you’re able to deduct the cost of your benefits from your taxes before you calculate what you owe. There are several different types of pre-tax benefits that you may be eligible for, including Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), and Commuter Benefits.

Employee Benefits 52

Employee Benefits Flexible Spending Account Flexible Spending Health Savings Account 52

Best Money Moves

JULY 8, 2020

HR trends forecast the most desired employee benefits for 2021 like financial wellness programs and flexible work arrangements. It’s time for employers to start planning their employee benefits packages for 2021. But what can employers do to help? 3 Health Insurance Benefits. 5 Mental Health Benefits .

Employee Benefits 108

Employee Benefits Out of Pocket Cost Flexible Spending Account Health Insurance 108

Business Management Daily

SEPTEMBER 15, 2021

Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. 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.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Insperity

OCTOBER 31, 2017

From employer-sponsored health insurance to retirement savings plans, an attractive benefits package can help you hire the best employees and ensure you retain them for many years to come. This can go a long way toward positioning your company to excel in the marketplace and securing your reputation as a stellar employer.

Out of Pocket Cost 82

Out of Pocket Cost Disability Insurance Health Insurance Flexible Spending Account 82

Benefit Resource Inc.

NOVEMBER 19, 2019

One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). This type of cafeteria plan gives employees the option to enroll in an account that allows them to set aside money from their paycheck tax-free and use it for qualified medical expenses. Dependent Care Account.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

Benefit Resource Inc.

NOVEMBER 19, 2019

One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). This type of cafeteria plan gives employees the option to enroll in an account that allows them to set aside money from their paycheck tax-free and use it for qualified medical expenses. Dependent Care Account.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

AssuredPartners

MARCH 31, 2020

Consumers may also receive reimbursement for OTC purchases through those accounts. In addition, menstrual products are now considered a qualified medical expense, meaning consumers can pay for or be reimbursed for these products through an HSA, HCFSA or HRA. This provision is effective immediately and will expire December 31, 2021.

Health and Welfare 52

Health and Welfare Health Savings Account Out of Pocket Cost Flexible Spending Account 52

Insperity

FEBRUARY 13, 2018

Start by offering a solid benefits package that includes a great portfolio of health insurance options to choose from. This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more.

401(k) 73

401(k) Disability Insurance Flexible Spending Account Deductions 73

Benefit Resource Inc.

OCTOBER 16, 2018

What accounts are available? The specific account options you have will vary based on plans offered by your employer. Several of the most common accounts are listed here. A Medical Flexible Spending Account (Medical FSA) allows you to use tax-free money to pay for your family’s medical expenses.

Health Savings Account 55

Health Savings Account Flexible Spending Account Flexible Spending Medical 55

Benefit Resource Inc.

MARCH 12, 2019

Of note: pre-tax benefits are only available if your employer offers them. Your employer may offer one or all. When employees sign up for benefits like health insurance and pre-tax benefits. Generally, it is regarded as the dollar amount that is selected to be set aside in your account(s) during the year.

Taxes 63

Taxes Flexible Spending Account Health Savings Account Medical 63

Genesis HR Solutions

MAY 23, 2023

In an attempt to counteract the bleeding of workers, employers are getting creative with how they attract applicants and hopeful new hires. Employers are making offers quickly and using salary and compensation benchmarking to create offers that stand out from the competition in an effort to be the first to snag in-demand candidates.

Insurance 40

Insurance PTO Flexible Spending Human Resources 40

Corporate Synergies

AUGUST 6, 2018

Health savings accounts can be a good deal for employees. High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% But do they really understand HSA value?

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Insperity

MARCH 12, 2024

Health insurance Health insurance aims to assist employees with the costs of obtaining medical care. Optional dental and vision care are usually offered alongside health insurance for an added fee.) Many employers match their employees’ contributions to boost their savings.

Family and Medical Leave Act 57

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

Empuls

JULY 11, 2023

In the ever-evolving world of employment, organizations are increasingly focusing on enhancing employee satisfaction and well-being. tax free benefits are those that provide financial advantages for both employees and employers by avoiding certain taxes and deductions. Tax savings for employers.

Employee Benefits 40

Employee Benefits Flexible Spending Account roth 401(k) 401(k) 40

PeopleKeep

APRIL 30, 2020

There are a few different types of medical reimbursement plans including: Health Reimbursement Arrangements (HRAs), Healthcare Reimbursement Plans (HRPs), Health Savings Accounts (HSAs), and Health Flexible Spending Accounts (FSAs). Health Reimbursement Arrangements (HRAs). Employer only.

Medical 72

Medical Flexible Spending Account Health Savings Account Health Insurance 72

Higginbotham

OCTOBER 14, 2022

If employers don’t provide adequate compensation, they risk losing their workers. 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.

Employee Benefits 52

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

Higginbotham

NOVEMBER 2, 2022

The following commonly offered employee benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs); Health flexible spending accounts (FSAs); 401(k) plans; and. Kaiser Family Foundation Releases 2022 Employer Health Benefits Survey.

401(k) 52

401(k) Flexible Spending Account Health Savings Account Flexible Spending 52

Vantage Circle

NOVEMBER 23, 2023

Employee perks are the enticing extras employers offer their staff, going beyond the regular paycheck to make the workplace more inviting and fulfilling. These incentives span a wide array, from health benefits and retirement plans to flexible work arrangements, financial bonuses, and professional development opportunities.

Family and Medical Leave Act 64

Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 64

Higginbotham

MAY 11, 2023

FAQs Provide Guidance on Preventive Care Following Court Decision The ACA requires non-grandfathered health plans and health insurance issuers to cover a set of recommended preventive services without imposing cost-sharing requirements (such as deductibles, copayments or coinsurance) when the services are provided by in-network providers.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 52