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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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Executive benefit reimbursement plans

Higginbotham

Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocket costs that aren’t covered by their various plans. A benefit reimbursement plan offers a way to cover these costs. They have to pay a deductible. Comparing HRAs, HSAs and FSAs.

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Employee benefits for small businesses

Higginbotham

Different health plan types come with both advantages and disadvantages, including differences in cost, risk and employee involvement/education. Disability Insurance and Life Insurance. Life insurance is a popular choice. Disability insurance is another popular option.

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The Consolidated Appropriations Act: 2021’s Employee Benefits Provisions

McNees

Here is what you should know: Temporary Special Rules for Health and Dependent Care Flexible Spending Arrangements. Mid-Year Election Changes: The Act permits plans to allow employees to prospectively change their health or dependent care flexible spending arrangement elections without a change in status at any time in 2021.