Remove Flexible Spending Remove Health Remove Hospitality
article thumbnail

16+ types of employee benefits you should consider

Genesis HR Solutions

It covers things including hospital and doctor visits, surgeries, and prescriptions. Vision Insurance. Vision insurance is designed to help your employees cover and budget for ongoing vision care expenses like routine eye exams, prescription glasses, and contact lenses. Flexible Spending Account (FSA).

401(k) 98
article thumbnail

Addressing Employee Financial Wellness in an Era of Extreme Financial Stress

Griffin Benefits

Consider that 43% of employees spend time working on their personal finances while at work. As a result, many employers realize that a myopic focus on core benefits like health, dental, and vision shortchanges employees. Review what services are already offered and build a strategy to increase employee engagement with them. ??

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Best practices to avoid receipt requests

Benefit Resource Inc.

Vision care expenses at a local optical center are often flagged for receipt requests. Co-pays for office visits, specialists, and hospital stays are typically approved automatically. Pay for all the eligible medical items first with your pre-tax benefits card. Use another form of payment for the remaining amount / ineligible items.

article thumbnail

17 Items That Need To Be Included In Your Employee Handbook

Genesis HR Solutions

It covers things including hospital and doctor visits, surgeries, and prescriptions. Flexible Spending Account (FSA): An FSA (also known as a flexible spending arrangement) is a special account employees put money into that they use to pay for certain out-of-pocket health care costs.

article thumbnail

Finding the sweet spot for your FSA election

Benefit Resource Inc.

If you have a Flexible Spending Account (FSA), you know that every year during Open Enrollment (OE), you choose how much to put aside in the account, otherwise known as your election. It should help cover your expenses after insurance across medical, vision and dental. Annual vision costs after insurance. Getting Started.

article thumbnail

Employer Reporting on Prescription Drug Pricing Due By 12/27

Griffin Benefits

Spending by Category – This reporting requirement primarily relates to medical benefits, not prescription drugs offered under the prescription drug portion of the plan. It will, however, include detailed information about prescription drugs covered under the medical benefit portion of the plan (which are typically in-patient hospital drugs).

article thumbnail

Hiring Trends To Be Aware Of In 2023

Genesis HR Solutions

However, there are branches of medical insurance that have not always been included in benefits offerings, which include the following Vision Insurance: Insurance designed to help your employees cover and budget for ongoing vision care expenses like routine eye exams, prescription glasses, and contact lenses.