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How HRAs Can Help Your Employees Pay for Medical Expenses

InterWest Insurance Services

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. Unlike HSAs and flexible spending accounts, though, HRAs are solely funded by employers. Vision expenses.

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FSA eligible expenses — what purchases count?

Business Management Daily

Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. Here is what you need to know to figure out if an expense is FSA eligible. Out-of-pocket expenses for vision care including eye exams, eyeglasses, contact lenses, and eye surgery.

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Executive benefit reimbursement plans

Higginbotham

Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocket costs that aren’t covered by their various plans. A benefit reimbursement plan offers a way to cover these costs. A health reimbursement plan gives employers a way to cover these costs.

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How to offer health insurance as a small business

Higginbotham

Glassdoor surveyed workers and found that when choosing between a high-paying job and a low-paying job with better benefits, health insurance and flexible hours could spur them to pick the lower-paying job with better benefits. When it comes to talent recruitment and retention, small companies are up against larger companies.

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16+ types of employee benefits you should consider

Genesis HR Solutions

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). Here’s exactly what you need to do to retain them. Health Savings Account (HSA). Retirement.

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Little-Known Things to Consider When Shopping for Group Health Insurance

Insperity

HSAs are individually-owned, tax-advantaged accounts that can be used to pay for current or future health care expenses. HSAs have a triple tax advantage: Contributions made via payroll deduction are pre-tax if made through an employer-sponsored cafeteria plan, therefore reducing taxable income. The account holder (i.e.,

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Are you offering the best dental coverage options to employees?

Benefit Resource Inc.

The average out-of-pocket average amounts to $4,930. For employees with insurance , the average out-of-pocket cost drops to $3,400. Pairing a Limited FSA with dental coverage allows employees to set aside up to $2,650 (based on 2018 maximum FSA limits) to cover dental costs on a pre-tax basis.