Remove Health Savings Account Remove Life Insurance Remove Retirement Plan Remove Transportation
article thumbnail

4 considerations when choosing employee benefits for the first time

WEX Inc.

Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement. Assess your ability to cover the deductible before choosing this plan.

article thumbnail

What Are fringe benefits? Options, taxability, and other considerations.

Business Management Daily

Fringe benefits can include: Cash bonuses Extra vacation time Paternity leave or extended maternity leave On-site amenities Childcare Wellness plans Retirement planning services Monthly stipends for work expenses Unless they’re working in a highly competitive field, most employees expect employers to offer fringe benefits , at least on some level.

Taxes 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Life Insurance.

401(k) 98
article thumbnail

What employees expect from benefits packages

Business Management Daily

Organizations also frequently provide employees with free or low-cost life insurance. Retirement plans. While salary is usually considered the star of compensation packages, employees also realize retirement plans contribute to their overall financial well-being. Health Savings Accounts.

article thumbnail

Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. Common Employee Benefits.