WEX Inc.

SEPTEMBER 12, 2023

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. To take advantage of an HSA, you need to participate in an HSA-eligible health plan (or high-deductible health plan).

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

AssuredPartners

SEPTEMBER 25, 2023

Baby Boomers (born 1946-1964): Baby Boomers are nearing retirement or have already retired. They value traditional benefits like comprehensive health coverage, retirement plans, and job security. Tailoring Benefits for Each Generation Healthcare Options: Offer a variety of healthcare plans that cater to different needs.

Retirement Plan 52

Retirement Plan Health Savings Account Benefits Package Healthcare 52

HR Lineup

MAY 28, 2024

These programs go beyond the traditional healthcare and retirement plans, incorporating elements that cater to employees’ holistic well-being. They can range from traditional benefits like health insurance and retirement plans to more modern and creative offerings that cater to employees’ diverse needs and interests.

Health and Welfare 74

Health and Welfare Retirement Plan Health Insurance Parental Leave 74

Proskauer's Employee Benefits & Executive Compensa

OCTOBER 21, 2022

On October 18th, the IRS announced a slew of inflation adjustments for 2023, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The new limits are set forth below. Health FSAs. . Increase from 2022 to 2023.

Transportation 52

Transportation Flexible Spending Account Flexible Spending Health Savings Account 52

Benefit Resource Inc.

FEBRUARY 23, 2023

HSAs offer several benefits, including tax deductions and the ability to grow your money over time. Unlike 401(k)s and other retirement plans, contributions to HSAs are both pre-tax and tax deductible. With these types of benefits, HSAs can provide more tax breaks than traditional retirement plans such as 401(k)s or IRAs.

Health Savings Account 52

Health Savings Account 401(k) Retirement Plan Taxes 52

Benefit Resource Inc.

JANUARY 16, 2024

In order to draw and keep top personnel, a benefits package that includes health insurance, retirement plans, and particularly HSAs and FSAs, can make a difference. Contributions to HSAs are tax-deductible, reducing both employee and employer tax liabilities.

Benefits Package 52

Benefits Package Flexible Spending Account Health Savings Account Flexible Spending 52

Empuls

FEBRUARY 26, 2024

Corporate wellness programs will impact physical wellbeing  Beyond traditional healthcare benefits, employers are increasingly recognizing the need to invest in comprehensive corporate wellness programs. Rising healthcare costs, coupled with the complexities of insurance plans, can be a source of significant stress. 

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Retirement Plan 40

Empuls

APRIL 22, 2024

Here's how:  Reduced financial stress: Benefits like health insurance, retirement plans, and paid time off provide a financial safety net, alleviating stress and anxiety about unforeseen medical bills, future security, and taking a break. 

Employee Benefits 40

Employee Benefits Family and Medical Leave Act Benefits Package Health Insurance 40

Griffin Benefits

JULY 5, 2023

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. WANT TO LEARN MORE?

Health Insurance 52

Health Insurance Insurance Pharmaceutical Healthcare 52

HR Lineup

JULY 6, 2023

Payroll Outsourcing: Payroll is a critical HR function that involves the calculation of employee salaries, tax deductions, and compliance with local labor laws. This type of outsourcing is particularly beneficial for organizations that require large-scale hiring or lack internal recruitment capabilities.

Human Resources 79

Human Resources Outsourcing Payroll Retirement Plan Payroll 79

Genesis HR Solutions

SEPTEMBER 22, 2020

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other expenses can lower overall health care costs. Retirement. Medical Insurance.

401(k) 98

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

Griffin Benefits

NOVEMBER 23, 2021

Moreso, age is definitely a relevant factor when enrolling in many types of employee benefits, most especially those relating to healthcare and retirement. Put into practice, it would behoove employers to help younger workers, often new hires, to better understand the pros and cons of PPO and HDHP medical plans.

401(k) 55

401(k) Retirement Plan Healthcare Life Insurance 55

Benefit Resource Inc.

JANUARY 7, 2021

Retirement planning & life insurance. Help your employees plan for the future, no matter what it might bring. Offer a retirement plan that matches up to a certain amount to help your employees save for the future. Consider offering an HSA so your employees can save on healthcare expenses in retirement as well.

Benefits Package 40

Benefits Package Comprehensive Benefits Deductions Deductible 40

Empuls

APRIL 28, 2023

From healthcare and retirement plans to flexible work arrangements and professional development opportunities, employees are looking for a comprehensive benefits package that meets their unique needs and preferences. The contributions made towards nps are eligible for tax deduction under section 80c of the income tax act, 1961.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Parental Leave Benefits Package 40

Business Management Daily

APRIL 25, 2024

Fringe benefits can include: Cash bonuses Extra vacation time Paternity leave or extended maternity leave On-site amenities Childcare Wellness plans Retirement planning services Monthly stipends for work expenses Unless they’re working in a highly competitive field, most employees expect employers to offer fringe benefits , at least on some level.

Taxes 52

Taxes Retirement Plan Employee Stock Option Bonuses 52

PeopleKeep

MARCH 10, 2021

Understanding these will give you a better idea on how the IRS determines your eligibility for certain deductions, credits, and retirement plans. In this article, we’ll cover two specific types of income: adjusted gross income and modified adjusted gross income.

Retirement Plan 52

Retirement Plan Deductions Deductible IT 52

Corporate Synergies

AUGUST 6, 2018

Educate employees on how to use these funds for current and future healthcare expenses. 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% As Seen In. in 2011 to 39.3%

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Business Management Daily

SEPTEMBER 15, 2021

Despite the emergence of the healthcare marketplace, people still look to their employer as the first and most cost-effective choice for medical insurance. Anybody who has ever looked at healthcare plans knows they vary considerably. Medical plans with no or low-cost deductibles. Retirement plans.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

The Teacher's Advocate

SEPTEMBER 6, 2019

The New York Times wrote an excellent piece this weekend on some of the problems facing public school 403(b) retirement plans. Are the employees of the latter company not paying anything toward their healthcare or retirement? My wife is a teacher and each paycheck has a deduction $684.15

Pension 52

Pension Health Insurance Healthcare Retirement Plan 52

Flimp Communications

MARCH 31, 2020

If employees keep these accounts long enough, they can use them on qualifying medical expenses into retirement. If you offer HSAs as part of your worker healthcare coverage, it’s imperative everyone knows about them, knows how to use them and knows how the new deadlines impact them. Retirement Planning for Boomers vs. Millennials.

401(k) 53

401(k) Retirement Plan Medical Taxes 53

Bayzat

SEPTEMBER 26, 2023

Bayzat streamlines the entire payroll process, from calculating salaries and deductions to generating payslips and facilitating direct deposits. With its intuitive interface, you can calculate salaries, taxes, and deductions effortlessly, minimizing errors and reducing administrative burden.

Payroll 52

Payroll Deductions Deductible Software 52

Hppy

NOVEMBER 3, 2023

Payroll Management – HR software can automate employee payroll management such as calculating employee salaries, taxes, and benefits deduction. Benefits Administration Tools Benefits administration tools simplify the management and tracking of employee benefits such as healthcare, retirement plans, and insurance.

Software 36

Software Recruitment Payroll Manager Human Resources 36

Vantage Circle

NOVEMBER 23, 2023

These incentives span a wide array, from health benefits and retirement plans to flexible work arrangements, financial bonuses, and professional development opportunities. Comprehensive medical, dental, and vision insurance plans offer peace of mind. A 401(k) is a tax-advantaged retirement savings program provided by employers.

Family and Medical Leave Act 64

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

WEX Inc.

JULY 24, 2023

Why HSAs for retirement planning? These accounts provide another way for your employees to diversify their efforts to prepare for retirement. That's important considering that a 65-year-old couple retiring in 2020 would need an average of $351,000 in healthcare costs throughout retirement.

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

Vantage Circle

JANUARY 9, 2024

Compensation and Benefits: Compensation Planning : Helps design and manage salary structures, bonuses, and other forms of compensation. Benefits Administration : Manages employee benefits, such as health insurance, retirement plans, and other perks. It is used by businesses of all sizes, from small startups to large enterprises.

Software 64

Software Payroll Global Payroll Human Resources 64