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Tips for the Early Plan Year

Benefit Resource Inc.

From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. Know Your Pre-Tax Benefit Options Flexible spending accounts (FSAs): An FSA allows you to set aside pre-tax dollars for eligible healthcare expenses.

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Finding the sweet spot for your FSA election

Benefit Resource Inc.

If you have a Flexible Spending Account (FSA), you know that every year during Open Enrollment (OE), you choose how much to put aside in the account, otherwise known as your election. It should help cover your expenses after insurance across medical, vision and dental. Annual deductible.

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How Employee Perks Can Help Companies in the US

Vantage Circle

Healthcare Benefits: Comprehensive medical, dental, and vision insurance plans The healthcare benefits in the United States are undeniably one of employees' most critical and sought-after perks. Comprehensive medical, dental, and vision insurance plans offer peace of mind. By the end of 2019, 42.1% Additionally, 31.3%

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Eenie meenie miney mo – Which account should I choose?

Benefit Resource Inc.

As kids, there were fun games that helped us make choices… In benefits, we are often presented with a 50 page document and told “Here you go. ” Too bad making your pre-tax benefit account decisions is not as easy as pointing and saying “Eenie meenie miney mo – Which account should I choose? Medical FSA.

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Don’t enroll in COBRA until you understand these 5 questions

Benefit Resource Inc.

In this case, COBRA can be the path of least resistance and presents an easy gap coverage option. In this scenario, you may want to spend the extra time to research alternative coverage options through an exchange or directly through an insurance carrier. What access to doctors exist with alternative plans?

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What employees expect from benefits packages

Business Management Daily

Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. Medical plans with no or low-cost deductibles. Dental insurance and vision insurance. A survey shows that many employers are increasing the amount they spend on telemedicine.

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Hiring Trends To Be Aware Of In 2023

Genesis HR Solutions

Hiring Trends In 2023 Below, I present hiring trends across various categories to help you formulate a comprehensive approach that works best for you. Health Savings Account (HSA): An HSA is a savings account that lets employees set aside money on a pre-tax basis to pay for qualified medical expenses. Pay Offering higher pay.