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4 considerations when choosing employee benefits for the first time

WEX Inc.

Exploring HSAs and FSAs HSAs and medical flexible spending accounts (FSAs) let you save money because the funds you contribute to them are pre-tax. Limited FSA as a savings account: Limited FSAs can also be used as a savings account for anticipated medical expenses.

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Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis. Since the salary reductions are not received by the employee, they are not considered wages for income tax purposes. Flexible spending account. Set-up and tax implications.

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17 Items That Need To Be Included In Your Employee Handbook

Genesis HR Solutions

Get all the information in this guide. It should also include language about reporting unsafe conditions and potential hazards, and information about where employees can report accidents, etc. Unemployment compensation This policy informs employees that, should they be terminated, they may be eligible for benefits.

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Executive benefit reimbursement plans

Higginbotham

HRAs may sound like Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs), but there are key differences. This means that employees are not allowed to contribute, and these accounts cannot be funded via employee salary reductions under a cafeteria plan. Comparing HRAs, HSAs and FSAs.

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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. Disability insurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.

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Open enrollment checklist for employers

Business Management Daily

HSA benefit plans: A health savings account lets employees set aside money on a pre-tax basis to pay for qualified medical expenses. FSA benefit plans: Flexible spending accounts also allow employees to set aside pre-tax dollars to cover qualified healthcare or dependent care expenses.

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New hire training checklist — set employees up for success

Business Management Daily

Spacing out items over a time period also keeps newcomers from becoming overwhelmed by information overload. Issuing login information, keys, and other things needed to start performing. The onboarding and training checklist for this term might include: Informally evaluating task performance. Touring the building.