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4 considerations when choosing employee benefits for the first time

WEX Inc.

HRAs provide an extra layer of financial support for medical needs beyond insurance coverage. Commuter benefits : If your daily routine involves commuting, commuter benefits can help you save money on transportation costs. It ensures that your pets receive the care they need without straining your finances.

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Employee Benefits: Types, Cost & Examples

HR Digest

In this article, we’ll take a look at 12 types of employee benefits , including health insurance, dental insurance, vision insurance, disability insurance, and life insurance. Company Transportation: Other organizations offer their employees vehicles to move around, especially from work to their homes.

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

Business Management Daily

Taxable examples of fringe benefits might include: Gym memberships Moving stipends beyond the actual moving cost Personal use of a company car Frequent flyer miles when converted to cash Certain life insurance payments Information like this can come as a shock. Various factors can influence lease value.

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What is ancillary health insurance?

Higginbotham

Often referred to as “ancillary benefits,” ancillary insurance can include coverage for miscellaneous medical expenses incurred during a hospitalization that may not be covered by your group health insurance. Examples of this coverage could include ambulance transportation, drugs and medical supplies, such as bandages.

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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. Hospital insurance is health insurance for hospital costs. The employee must pay a monthly fee for private insurance.

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Understanding Taxable Benefits In A Quick and Easy Way

Vantage Circle

Group life insurance premiums provided to employees over $50,000. Group-term life insurance coverage. Transportation (commuting) benefits. Which Benefits Are Considered Taxable? Here are some of the common examples of taxable benefits. Paid vacation. Health club memberships. Business-class flights. Transit passes.

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Total compensation package examples

Higginbotham

Health Insurance. Other Insurance (Dental Insurance, Vision Insurance, Life Insurance, Disability Insurance, Pet Insurance, etc.). Various Perks (Gym Membership, Transportation Benefits, etc.). Commissions. Retirement Plans. College Tuition and Student Loan Repayment.

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