InterWest Insurance Services
MARCH 7, 2024
If you have staff with health savings accounts, they still have until April 15 to make additional contributions to their accounts if they want to reduce their tax bills for last year. Under IRS rules, for 2023 employers and employees can contribute a combined $3,850 for single employees and $7,750 for families.
InterWest Insurance Services
DECEMBER 7, 2023
Also, employees will be able to carry over up to $640 next year into 2025 if they have funds left over in their account, if their employer allows it (it’s optional). Anything above the limit at the end of the year is forfeited back to the employer. Employees are not taxed on withdrawals from their account.
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InterWest Insurance Services
JUNE 22, 2022
A new study has found that many people in employer-sponsored health plans are enrolling in plans that are costing them more than they ought to be paying. Many employees choose pricey plans with low deductibles, which force them to spend more up front on premiums to save just a few hundred dollars on their deductible. Strategies.
Griffin Benefits
JULY 30, 2021
While these higher deductibles are offset by cheaper monthly medical premiums and often by employer contributions to Health Savings Accounts (HSA), HDHP plans are nevertheless structured in such a way as to promote heightened "healthcare consumerism.". Pharmaceutical Company & State Drug Assistance Programs.
Business Management Daily
SEPTEMBER 15, 2021
Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. Someone definitely could view an employee benefits package that lacks health insurance or paid sick days as a reason to not accept an offer of employment.
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