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4 considerations when choosing employee benefits for the first time

WEX Inc.

Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement. HSA-eligible health plans typically have lower premiums but higher deductibles.

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What Are fringe benefits? Options, taxability, and other considerations.

Business Management Daily

Taxable vs. Non-taxable Benefits are always tax-deductible, aren’t they? Taxable examples of fringe benefits might include: Gym memberships Moving stipends beyond the actual moving cost Personal use of a company car Frequent flyer miles when converted to cash Certain life insurance payments Information like this can come as a shock.

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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. Health Savings Account (HSA). An HSA can be used only if employees have a qualified High Deductible Health Plan (HDHP).

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What employees expect from benefits packages

Business Management Daily

Employers looking to impress with their employee benefits package go beyond this basic level of health benefits. Medical plans with no or low-cost deductibles. Insurance that is accepted at a greater range of places. The company paying a higher portion of the insurance premium. Health Savings Accounts.

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Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

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. Common Employee Benefits.