Business Management Daily

SEPTEMBER 22, 2021

Some employers start as early as September. Most employees elect coverage through their employer, but some may be eligible for marketplace coverage as well. Most employers have an open enrollment period of at least 2 to 4 weeks. Open enrollment typically occurs in late fall in October or November. Make any necessary additions.

Employment 90

Employment Deductions Deductible Benefit Providers 90

Benefit Resource Inc.

NOVEMBER 15, 2023

In the dynamic landscape of the modern workforce, employers and HR professionals are faced with the challenge of not only attracting top talent but also ensuring the well-being of their existing employees. Employers can underscore the flexibility of FSAs and encourage employees to maximize their contributions for optimal financial advantage.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

NOVEMBER 6, 2023

As employers and HR professionals, it’s essential to take proactive measures to boost employee morale during this time. A well-rounded approach to health and wellness initiatives can make a significant difference in maintaining a motivated and engaged workforce.

Flexible Spending Account 90

Flexible Spending Account Flexible Spending Health Savings Account Food 90

Benefit Resource Inc.

APRIL 18, 2023

Fortunately, there are ways to increase your financial well-being through medical savings. One such way is by utilizing health savings accounts (HSAs) and flexible spending accounts (FSAs). The HSA is combined with an HSA-qualified health plan (also referred to as a high deductible health plan).

Medical 52

Medical Flexible Spending Account Health Savings Account Flexible Spending 52

CorpStrat

JANUARY 22, 2024

A well-executed communication plan ensures that your employees are aware of the full range of benefits available to them, understand how to utilize them, and feel valued and supported. It’s worth checking out the specifics, as this can lead to significant savings. Hidden Gems In Your Employee Benefits Plan 1.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

PeopleKeep

APRIL 30, 2020

Medical reimbursement plans are IRS-approved health plans that allow for tax-free reimbursement for medical expenses. Medical reimbursement plans can be used alongside a group health insurance plan. Or, the medical reimbursement plan can be offered as the main health benefit plan, usually instead of a group health insurance plan.

Medical 60

Medical Flexible Spending Account Health Savings Account Health Insurance 60

Benefit Resource Inc.

JANUARY 16, 2020

By addressing employees’ fears, employers are able to increase HSA participation and curb rising premium costs. The net impact becomes a win-win for employees and employers. If you’re a Beniversal Card holder, you may already know how easy it is to utilize pre-tax dollars. See more about how this feature works.

Health Savings Account 73

Health Savings Account Flexible Spending Account Flexible Spending Taxes 73

Empuls

SEPTEMBER 28, 2023

It has become imperative for employers to support employees and their families to help sustain and overcome this global challenge. Employers and employees need to work together by utilizing an effective communication channel and helping the management develop the most appropriate solutions to address these issues.

Employment 40

Employment Health and Welfare Healthcare 401(k) 40

Benefit Resource Inc.

FEBRUARY 14, 2022

To employers, Valentine’s Day has special meaning as well. The vast majority of companies provide employee benefits to their workers, and as an employer, nothing offers better returns than investing in your employees. That’s why employers should be offering medical and health-related benefits.

401(k) 81

401(k) Flexible Spending Account Health Savings Account Benefits Package 81

Benefit Resource Inc.

APRIL 6, 2023

This day is dedicated to recognizing employers’ hard work and dedication that provide valuable benefits to their employees. In honor of National Employee Benefits Day, here are some of the often overlooked benefit options employers can use to “sweeten the pot” to attract new talent and retain existing talent. .*

Employee Benefits 52

Employee Benefits Health Savings Account Taxes Entertainment 52

CorpStrat

DECEMBER 7, 2022

This is why shopping around for healthcare is so important, it can result in cost savings for both employees and employers. Today we’re going to talk about strategies employers can use to encourage employees to shop for high-value healthcare, which can help lower your organization’s health care costs. Educate Employees.

Healthcare 52

Healthcare Health Savings Account Hospitality Health Insurance 52

Benefit Resource Inc.

NOVEMBER 29, 2023

Additionally, you may also already have a built-in savings option to pay for your COBRA premiums. A health savings account is not only an important component to paying for medical expenses today, but it is a tool you can use throughout retirement.

401(k) 98

401(k) Medical Retirement Plan Health Savings Account 98

WEX Inc.

SEPTEMBER 6, 2023

Being able to differentiate yourselves as an employer by saying ‘Whatever is important to you (like your pets) is important to us too’ really helps employers to stand out,” said Moszer on our Benefits Buzz podcast. Benefits: Encourages regular preventative care, promoting overall pet health.

Recruitment 59

Recruitment Flexible Spending Account Health Savings Account Medical 59

Benefit Resource Inc.

OCTOBER 19, 2023

Additionally, when looking at internal BRI utilization metrics that indicate why participants are calling in, it’s evident that BRI’s effort to continuously improve has an impact. Based on BRI utilization metrics as of 9/1/23: 88.4% What Can Employers Do to Help their Employees? 7% use a digital wallet.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Utilities Flexible Spending 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

Winston Benefits

SEPTEMBER 23, 2019

health care economy, it’s not unusual for employers to change providers or make other changes. Employees must know how to utilize their new benefits before the changes go into effect. Imagine the frustration an employee experiences trying to use an old card for a new health savings account. In the U.S.

Health Savings Account 40

Health Savings Account Utilities Education Employment 40

BerniePortal

JANUARY 22, 2020

Employees are able to utilize the estimator to ensure they've withheld the correct amount of income tax from their paychecks. Report health insurance Do your employees have coverage through your workplace? Review Health Savings Account. Should an adjustment be needed, the estimator will provide recommendations.

Taxes 64

Taxes Health Savings Account Health Insurance Medical 64

Benefit Resource Inc.

FEBRUARY 9, 2022

Since 1985, COBRA, has given workers (and their families) the right to choose to continue health benefits provided by their group health plan for limited periods of time. Any employer-sponsored benefit is potentially eligible for COBRA coverage. Their employer may have been covering 75 percent (or more) of the cost.

Family and Medical Leave Act 45

Family and Medical Leave Act Flexible Spending Account Health Savings Account Medical 45

Benefit Resource Inc.

JUNE 29, 2021

Now that you’ve explained (again) how insurance works, you get to begin the real work of teaching employees the difference between Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). Frankly, most employers don’t have the time or capacity to provide a full-blown education to employees.

401(k) 78

401(k) Deductions Deductible Flexible Spending Account 78

Benefit Resource Inc.

DECEMBER 10, 2020

BRI employees are in a unique position; we handle pre-tax benefits administration for thousands of participants every year, and utilize the same plans we sell! Many of the plans focus on savings, financial wellness, and health. HSAs belong to the account holder and are kept by the employee even when changing jobs.

Health Savings Account 45

Health Savings Account Medical Taxes Deductions 45

Best Money Moves

MAY 9, 2018

By providing resources employees can utilize to improve their financial know-how you accomplish more than just boosting morale – you improve productivity. Flexible spending accounts (FSA) and health savings accounts (HSA) help employees prepare and pay for healthcare expenses. Self-Funded Health Insurance.

Flexible Spending Account 48

Flexible Spending Account Health Savings Account Health Insurance Flexible Spending 48

Benefit Resource Inc.

JUNE 28, 2022

While this may be bad news for the overall economy, it could actually be good news for those with a Health Savings Account (HSA). HSA’s are the only account to provide a triple-tax benefit. This helps provide a lot of relief to account holders, especially during economic shifts. What is an HSA?

Health Savings Account 40

Health Savings Account Taxes Medical Healthcare 40

Higginbotham

MARCH 17, 2023

ACA Pay or Play Penalties Will Increase for 2024 On March 9, 2023, the IRS released updated penalty amounts for 2024 related to the employer shared responsibility (pay or play) rules under the Affordable Care Act (ACA). For calendar year 2024, the adjusted $3,000 penalty amount is $4,460. 31, 2023 On Feb.

Health Insurance 52

Health Insurance Flexible Spending Account Insurance Benefits Package 52

Benefit Resource Inc.

DECEMBER 30, 2020

Employers (also referred to as plan sponsors) may allow participants to: Make new elections. Employers will have the option to select from a carryover or extended grace period. . The extended grace period provides participants with up to 12-months to utilize remaining funds. What should employers know about the carryover? .

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account Utilities 52

Business Management Daily

JANUARY 5, 2021

Relief for employers that deferred the deposit of employees’ Social Security taxes. Relief for health savings accounts and dependent care assistance plans. Who got paid creditable wages differed, depending on size: Employers with 100 or more employees (i.e., Extensions of popular payroll tax provisions.

Family and Medical Leave Act 52

Family and Medical Leave Act Payroll 401(k) Taxes 52

Empuls

JULY 11, 2023

In the ever-evolving world of employment, organizations are increasingly focusing on enhancing employee satisfaction and well-being. tax free benefits are those that provide financial advantages for both employees and employers by avoiding certain taxes and deductions. Tax savings for employers.

Employee Benefits 40

Employee Benefits Flexible Spending Account roth 401(k) 401(k) 40

Benefit Resource Inc.

OCTOBER 17, 2019

Timeline for employer funding. An employer may choose to fund the monthly commuter benefit on a specific day each month in anticipation of when employees are likely to buy their transit passes. Alternatively, employers can use a payroll model in which funds are available to employees as they are collected through payroll.

Management 40

Management Deductions Deductible Health Savings Account 40

Genesis HR Solutions

MAY 23, 2023

In an attempt to counteract the bleeding of workers, employers are getting creative with how they attract applicants and hopeful new hires. Employers are making offers quickly and using salary and compensation benchmarking to create offers that stand out from the competition in an effort to be the first to snag in-demand candidates.

Insurance 40

Insurance PTO Flexible Spending Human Resources 40

Vantage Circle

SEPTEMBER 11, 2023

Flexibility in Benefits: An employee benefits platform can provide greater flexibility in the benefits employers can offer their employees. For example, some platforms allow for integrating different benefits, such as health insurance, retirement plans, and wellness programs. Findings from the Blog?

Employee Benefits 52

Employee Benefits Payroll Retirement Plan Software 52

Empuls

OCTOBER 11, 2023

While the contract of employment asks for an employee’s “services” in exchange for remuneration, along with those services, a considerable amount of physical and mental exhaustion goes into the job as well. Best Health and Wellness Stipends to Offer Your Employees 1. No, that’s not the case.

Healthcare 40

Healthcare Medical Consulting Flexible Spending Account 40

Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 7, 2022

For many employers and plan administrators, the last three weeks have been a blur of frenzied planning to ensure compliance with the new coverage mandate, which was set forth in the Departments’ FAQs Part 51. Plans utilizing this special rule should also remember to inform participants of any limitations they will impose in this regard.

Retail 52

Retail Manufacturing Medical Flexible Spending Account 52

Genesis HR Solutions

DECEMBER 5, 2019

Employer Compliance. I-9 documents & employment eligibility. We suggest looking for a partner that can provide large group access to the following benefits: Group health, dental, and vision. Health savings accounts. State unemployment insurance tax account (SUTA) management. State leave laws.

Human Resources 10

Human Resources 401(k) Taxes Overtime 10