Benefit Resource Inc.

JANUARY 16, 2024

Organizations are continuously looking for strategies to draw in and keep top talent in the highly competitive employment market of today. Health-related benefits are frequently at the top of the list of benefits that employees now prioritize because they focus on their overall well-being.

Benefits Package 52

Benefits Package Flexible Spending Account Health Savings Account Flexible Spending 52

WEX Inc.

SEPTEMBER 14, 2023

When approaching open enrollment, do … Evaluate available health insurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. If your employer offered you a raise, you wouldn’t say no, right?

401(k) 98

401(k) Health Savings Account Flexible Spending Account Healthcare 98

Higginbotham

OCTOBER 5, 2023

In today’s increasingly competitive job market, offering a basic health insurance package is no longer enough to attract and retain top talent. The Evolution of Employee Benefits Employee benefits have come a long way since the days of basic health insurance coverage with a savings retirement plan thrown in.

Health Insurance 52

Health Insurance Employee Benefits Insurance 401(k) 52

InterWest Insurance Services

NOVEMBER 10, 2022

One of the most difficult aspects of annual open enrollment is reaching workers who are disengaged from the process and never bother signing up for your group health plan and other benefits they could take advantage of. Turning 26 — This is the age that individuals are no longer allowed to be covered by their parents’ health insurance.

401(k) 97

401(k) Health Savings Account Health Insurance Insurance 97

Higginbotham

JANUARY 12, 2024

Out-of-pocket health care costs can become a burden for employees. Special accounts designed to cover health care costs can help both workers and employers manage their expenses. These setups can often provide substantial tax benefits as well. This can reduce the income taxes that employees owe.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 52

InterWest Insurance Services

JANUARY 18, 2024

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses.

Out of Pocket Cost 82

Out of Pocket Cost Deductions Deductible Voluntary Benefits 82

BerniePortal

JANUARY 22, 2020

Trying to beat the tax time rush? Mid-January marks the start of tax season! Now's a good time for HR to advise employees to review paycheck withholdings and health care items. Along with the new W-4, the IRS has updated its online tax withholding estimator. Review Health Savings Account.

Taxes 64

Taxes Health Savings Account Health Insurance Medical 64

InterWest Insurance Services

JUNE 16, 2022

One in five workers surveyed said that health care and health insurance are a major factor when deciding to accept a job, compared with only 13% of human resources executives, according to the “2022 Health at Work” survey by Quest Diagnostics. That should be a wake-up call for employers.

401(k) 98

401(k) Health Insurance Health Savings Account Insurance 98

InterWest Insurance Services

MARCH 4, 2022

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Fortunately, there is another option: a health reimbursement arrangement (HRA). per month).

Medical 98

Medical Health Insurance Out of Pocket Cost Deductions 98

Insperity

MAY 13, 2015

If you’re shopping for group health insurance for your company the first or second time around, it can be hard to make a confident choice. Not to mention, the Affordable Care Act (ACA) has changed the group health insurance market considerably. Health Savings Accounts. The account holder (i.e.,

Health Insurance 83

Health Insurance Insurance Out of Pocket Cost Health Savings Account 83

BerniePortal

MAY 11, 2021

The IRS recently issued new 2022 contribution limits for health savings accounts (HSA), which represent the total amount of tax-advantaged dollars that participants can deposit into these accounts. Find out what these limits are and how employers can alert employees about the changes.

Health Savings Account 81

Health Savings Account Health Insurance Deductions Deductible 81

PeopleKeep

NOVEMBER 12, 2021

If you’re looking to supplement your organization’s group health insurance plan to help cover your employees’ out-of-pocket costs, you have two main options: Section 105 plans , such as the group coverage HRAs (GCHRAs), and Section 125 cafeteria plans , such as health savings accounts (HSAs).

Health Savings Account 52

Health Savings Account Out of Pocket Cost Health Insurance Deductions 52

Higginbotham

NOVEMBER 28, 2022

Employers and employees alike are looking for ways to make health care more affordable. Some are turning to Health Savings Accounts (HSAs). Although HSAs won’t work for everyone, the benefits of an HSA account make this an appealing option for some individuals. What is a Health Savings Account (HSA)?

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

InterWest Insurance Services

JUNE 2, 2023

Employers offer flexible savings accounts and health savings accounts to their employees so they can build up funds with pre-tax dollars to pay for health care and related expenses. Whatever they don’t spend goes back to you, the employer. In essence, they get 14.5

Out of Pocket Cost 98

Out of Pocket Cost Health Savings Account Medical Health Insurance 98

InterWest Insurance Services

NOVEMBER 25, 2022

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. 3,000 for family coverage (up $200).

401(k) 98

401(k) Deductions Deductible Flexible Spending Account 98

WEX Inc.

JANUARY 4, 2023

COBRA can provide important health insurance security when you’ve experienced job loss or another qualifying event. And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility. It is not legal or tax advice. appeared first on WEX Inc.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

PeopleKeep

OCTOBER 26, 2020

The percentage of workers covered under HDHP plans has increased from four percent of all employer-sponsored health insurance plans in 2006 to 31 percent in 2020.

Deductions 75

Deductions Deductible Health Savings Account Health Insurance 75

Genesis HR Solutions

MAY 2, 2023

For employers and employees, there are myriad HR terms to know and understand. 1099: A form that reports income from self employment earnings, interest and dividends, government payments, and more. TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. (

Family and Medical Leave Act 52

Family and Medical Leave Act 401(k) Flexible Spending Account Health Savings Account 52

Benefit Resource Inc.

OCTOBER 11, 2018

What is a pre-tax benefit account? A pre-tax benefit account allows you to set aside money from your paycheck before taxes to use for IRS-approved purchases. The items you can pay for through a pre-tax benefit account depends on which plan(s) you have. Any unused funds are returned to your employer.

Taxes 74

Taxes Health Savings Account Medical Deductions 74

InterWest Insurance Services

JULY 20, 2022

If they are not educated on their options and how health plans work, those new to employment can make poor decisions that could have serious financial repercussions. To help these new recruits get the most out of the benefits you offer, you can start by focusing on the following: School them on health insurance.

Education 98

Education 401(k) Deductions Deductible 98

Business Management Daily

APRIL 25, 2024

Employers are required by law to provide certain benefits to employees. Beyond that, however, fringe benefits can help employers sweeten the deal and make work a better place to be. Employers can use this to their favor by distinguishing themselves as a desirable place to work.

Taxes 52

Taxes Retirement Plan Employee Stock Option Bonuses 52

Business Management Daily

SEPTEMBER 22, 2021

Employees get to select a new plan for their health insurance and opt into other employee benefits for the next year. This is generally the only time health coverage changes are allowed aside from onboarding or family changes (such as marriage, divorce, or the birth of a child). Some employers start as early as September.

Employment 90

Employment Deductions Deductible Benefit Providers 90

Corporate Synergies

FEBRUARY 11, 2019

A new father outlines requirements with his Baby Health Insurance Playbook. The same can be said for insuring a new dependent. To plan for newborn healthcare benefits, parents need a baby health insurance playbook. The Baby Health Insurance Playbook isn’t really a book. As Seen In.

Health Insurance 47

Health Insurance Insurance Insurance Carriers Out of Pocket Cost 47

Best Money Moves

AUGUST 18, 2021

It’s no secret that employees of different generations expect different kinds of support from their employers. Accessible and comprehensive health benefits. Over half of all Americans receive health insurance from their employers, according to 2019 census data.

Health Insurance 106

Health Insurance Health Savings Account Insurance Benefits Package 106

Health Consultants Group

OCTOBER 1, 2021

Just like workers in all business environments, your employees are assessing their lives, reevaluating their careers, and reconsidering their employment options. . Employees still want traditional options such as retirement plans, educational assistance, and health insurance. Accident and Health Benefits .

Employee Benefits 86

Employee Benefits Family and Medical Leave Act Flexible Spending Account Health Savings Account 86

PeopleKeep

OCTOBER 29, 2021

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.

Out of Pocket Cost 52

Out of Pocket Cost Health Savings Account Health Insurance Deductions 52

PeopleKeep

FEBRUARY 9, 2022

A health savings account (HSA) is an employee-owned account designed to set aside pre-tax money to pay for qualified medical expenses such as deductibles, copayments, coinsurance, and other out-of-pocket expenses included in IRS publication 502.

Health Savings Account 98

Health Savings Account Deductions Deductible Healthcare 98

HR Lineup

MAY 11, 2023

Employers can choose from a range of pre-tax benefits, including health insurance, dental insurance, vision insurance, and other types of benefits. The platform is designed to be user-friendly, and employers can set up and manage their benefits packages with minimal effort.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Benefits Package Flexible Spending 52

Business Management Daily

APRIL 29, 2024

Fringe benefits are how employers make up the gap. Different benefits appeal to different teams, but what matters most is providing more than just the bare minimum—health insurance, workers’ compensation, and a competitive salary. Unfortunately, having insurance coverage tied to employment puts employers in a difficult position.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

COMPackage

AUGUST 10, 2023

Research has proven that employees are more satisfied with their employer relationship if they receive an annual total compensation statement. And every employer wants to stand out with their employee benefits. Unfortunately, your brand can’t stand out if your benefits are only the ones every employer offers.

401(k) 52

401(k) Health Savings Account Health Insurance PTO 52

Higginbotham

DECEMBER 8, 2023

As rising health care costs and inflation place pressure on both corporate and personal budgets, employers and workers alike are looking for ways to save money without sacrificing quality employee benefits. A Premium Only Plan is an option that may offer significant tax savings for all involved parties.

Deductions 52

Deductions Deductible Taxes Payroll 52

Benefit Resource Inc.

MARCH 12, 2019

This may be the shortest blog on pre-tax benefits you will ever read. We’re going to take 5 minutes to redefine 9 confusing pre-tax phrases used in pre-tax benefits. Pre-tax benefits. Pre-tax benefits are, in effect, a way to decrease your income before taxes so you pay less in taxes.

Taxes 63

Taxes Flexible Spending Account Health Savings Account Medical 63

Benefit Resource Inc.

NOVEMBER 22, 2022

Pre-tax benefits save you money. With a pre-tax benefit, you’re able to deduct the cost of your benefits from your taxes before you calculate what you owe. That means you’ll end up paying less in taxes overall. Each type of benefit can help you save money in different ways.

Employee Benefits 52

Employee Benefits Flexible Spending Account Flexible Spending Health Savings Account 52

Insperity

MAY 13, 2015

If you’re shopping for group health insurance for your company the first or second time around, it can be hard to make a confident choice. Not to mention, the Affordable Care Act (ACA) has changed the group health insurance market considerably. Health Savings Accounts. The account holder (i.e.,

Health Insurance 42

Health Insurance Insurance Out of Pocket Cost Health Savings Account 42

Benefit Resource Inc.

FEBRUARY 18, 2020

So, it is not surprising that most people get stumped by the question, “What is the link between pre-tax benefits and COBRA?” It is important to understand the specific rules for your employer’s plan. Health Savings Accounts are not subject to COBRA, but they play an important role in benefits continuation.

Taxes 40

Taxes Flexible Spending Account Health Savings Account Flexible Spending 40

Higginbotham

JUNE 9, 2023

P CORI Fees Due July 31, 2023 The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). March 2022 July 31, 2023 $2.79

Deductions 52

Deductions Deductible Health Insurance Taxes 52

Best Money Moves

AUGUST 18, 2021

It’s no secret that employees of different generations expect different kinds of support from their employers. Accessible and comprehensive health benefits. Over half of all Americans receive health insurance from their employers, according to 2019 census data.

Health Insurance 58

Health Insurance Health Savings Account Insurance Benefits Package 58