article thumbnail

A Comprehensive Guide to Payroll Taxes Paid by Employers

Qandle

Payroll taxes are a crucial aspect of every employer’s financial responsibilities. These taxes are collected to fund various government programs and benefits, including Social Security, Medicare, and unemployment insurance. The current Social Security tax rate for employers and employees is 6.2%

Taxes 52
article thumbnail

The 4 Best Benefits in 2024, According to Employees

Best Money Moves

A holistic benefits strategy is one of the most important factors that job-seekers consider when deciding where to work. In fact, according to Forbes Advisor , 40% of employers believe that workers would leave their current jobs to find employment that offers better benefits.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Harmony of Health and Wealth with HSAs

Benefit Resource Inc.

Beyond being a traditional healthcare benefit, HSAs provide a win-win situation for both employers and employees. Understanding HSAs Health Savings Accounts are tax-advantaged savings accounts designed to help individuals and families with high-deductible health plans (HDHPs) cover medical expenses.

article thumbnail

Navigating HSAs and the Health, Wealth, and Wellness Triangle

Benefit Resource Inc.

In today’s dynamic workplace landscape, employers are realizing that fostering employee well-being extends far beyond traditional compensation packages. Healthy employees are not only happier and more productive but also contribute to lower healthcare costs for both themselves and their employers.

article thumbnail

How to tell if your HDHP is HSA-qualified

PeopleKeep

Employers offering a high deductible health plan (HDHP) have several ways to offset the higher out-of-pocket costs and make the benefit more meaningful for employees. One way is to offer a health savings account (HSA) alongside the HDHP. So how do you know if your HDHP is HSA-qualified?

article thumbnail

Here’s What You Need to Know About Stop-Loss Health Insurance

Griffin Benefits

Employers of every size continue to struggle with the rising costs of healthcare, which ultimately increases the cost of medical premiums for everyone. One solution means looking inward: transitioning from the fully funded model of healthcare benefits to self-funded health plans featuring stop-loss insurance.

article thumbnail

Account-based health plans vs. healthcare reimbursement plans

PeopleKeep

As an employer, you always want to offer the best possible healthcare benefits for your employees. But with healthcare costs rising , making sure those health benefits options are also budget-friendly is also crucial.