Business Management Daily

NOVEMBER 30, 2021

Flexible spending accounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses. However, they also can require careful documentation to ensure that funds were spent on approved expenses.

Retail 52

Retail Healthcare Medical Flexible Spending Account 52

Griffin Benefits

NOVEMBER 11, 2021

The IRS has finally announced adjustments to 2022 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. What follows is a summary of the new IRS limits; Health Care FSA Limits Increase for 2022.

401(k) 55

401(k) Retirement Plan Health Savings Account Deductions 55

Benefit Resource Inc.

APRIL 1, 2020

This includes employees’ work benefits, particularly pre-tax accounts. For employees with an HSA, Dependent Care FSA, and/or commuter plan, there may be the opportunity to make changes to their accounts. Changes to Medical FSAs are currently not permitted). Benefits changes and Dependent Care FSAs .

Taxes 75

Taxes Employee Enrollments Medical Employment 75

Benefit Resource Inc.

APRIL 8, 2021

What is a Decision Support Tool? Essentially, it works like this: An employee answers simple questions about their household, expenses, and benefits goals. Depending on the decision support tool he’s using and how it’s configured, Toby might enter information about: The names/ages of himself, his wife, and children.

401(k) 98

401(k) Health Health Savings Account Medical 98

Benefit Resource Inc.

OCTOBER 8, 2019

A Dependent Care account allows you to set aside $5,000 on a pre-tax basis to pay for eligible dependent care expenses for a qualified individual. The next two questions are: what expenses are eligible and who is a “qualified individual”? What expenses are eligible?

Taxes 40

Taxes Medical Education Flexible Spending 40

Benefit Resource Inc.

NOVEMBER 19, 2019

First, we will explore what a cafeteria plan is. Next, we’ll go into how it got its name, and finally, we’ll look at who it helps. What is a cafeteria plan? One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). Dependent Care Account. Are you asleep yet? Flex Account.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

Benefit Resource Inc.

NOVEMBER 19, 2019

First, we will explore what a cafeteria plan is. Next, we’ll go into how it got its name, and finally, we’ll look at who it helps. What is a cafeteria plan? One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). Dependent Care Account. Flex Account.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

Insperity

DECEMBER 13, 2018

Do you know the difference between an HSA and a health care FSA? How do you know if one is a better option than the other for you and your employees? HSA is the acronym for health savings account; FSA is the acronym for flexible spending account. And that’s also the clue to how each operates.

401(k) 52

401(k) Deductions Deductible Taxes 52

Higginbotham

NOVEMBER 28, 2022

Employers and employees alike are looking for ways to make health care more affordable. Although HSAs won’t work for everyone, the benefits of an HSA account make this an appealing option for some individuals. What is a Health Savings Account (HSA)? How do HSA accounts work? What are qualified medical expenses?

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

Benefit Resource Inc.

OCTOBER 30, 2018

What makes enrolling in benefits stressful? What makes enrolling in benefits stressful? Approximately 1 out of 3 participants fail to understand that separate enrollments and elections are required for a Medical FSA and Dependent Care FSA (DCA). How to counteract it: Simplify.

Flexible Spending Account 56

Flexible Spending Account Taxes Health Savings Account Healthcare 56

Business Management Daily

SEPTEMBER 15, 2021

So, what should a modern employee benefits package look like? It depends on your company’s objectives and budget. According to the Affordable Care Act (ACA), U.S. Offering an attractive employee benefits package helps lure top talent and encourages the retention of your best team members. There’s no one-size-fits-all answer.

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Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Business Management Daily

DECEMBER 6, 2021

Others just got accustomed to remote work and don’t want to return to the status quo. Whatever the reasons for the labor shortage, one thing has become abundantly clear; employers need to work harder to retain their current staff. Employee retention is a major challenge for employers at this time. Allow telecommuting.

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Employee Retention Overtime Salary Flexible Spending Account 119

Business Management Daily

OCTOBER 28, 2021

Work to correct any payroll compliance mistakes and resolve any open payroll concerns raised by employees. The end of the year is a hectic time for payroll staff and business owners. While the year is winding down, the payroll department is ramping up to prepare for the end of the year and ensure that all reporting deadlines are met.

Payroll 52

Payroll Family and Medical Leave Act PTO Flexible Spending Account 52

Benefit Resource Inc.

FEBRUARY 7, 2019

Thankfully, one of the perks of marriage is that Sam and I can save on health care. What makes an HDHP a good idea? The IRS puts a cap on how much can be set aside in an HSA. Depending on if your employer contributes to the account (I’ll get to that in a minute), you might not even need to set aside the full amount.

401(k) 45

401(k) Deductions Deductible Health Savings Account 45

Benefit Resource Inc.

APRIL 8, 2022

In episode 3 of the Bright Side of Benefits, host Becky Seefeldt sits down with Kinside’s Brittney Barrett to discuss the growing child care crisis in the United States and how employers should react to it if they want to retain and attract talent. TRANSCRIPT – EPISODE 03: Child Care Crisis. Download Flyer.

Paid Leave 76

Paid Leave Salary Taxes Employment 76

WEX Inc.

JULY 13, 2023

What is non-discrimination testing? What plans require non-discrimination testing? The IRS requires non-discrimination testing for employers who offer plans governed by Section 125 , which includes a flexible spending account (FSA). Why does non-discrimination testing matter? What tests are available?

Flexible Spending Account 52

Flexible Spending Account Medical Flexible Spending Taxes 52

Benefit Resource Inc.

NOVEMBER 1, 2018

Others are working hard to advocate for their candidate. What does this look like? To get a glimpse of how close the House got to this vision, check out HSA Teaser or The Future? . Loosen Medical FSA Restrictions. Medical FSAs have the unique benefit of being available on the first day of a plan year.

Taxes 49

Taxes Deductions Deductible Medical 49

Flimp Communications

MARCH 15, 2021

What are you planning on doing with your workforce post-COVID? PwC asked those questions in their recent survey , and here’s what they found: • 17% – Back to the office as soon as feasible. We’ll likely increase the level of remote work. • Another 26% are willing to be flexible depending on if employees request it.

Technology 94

Technology Retirement Plan Work From Home Consulting 94

Benefit Resource Inc.

FEBRUARY 14, 2019

Ever feel like you can’t find what you’re looking for from your benefits? What are my options? How is it going to work? You’re about to find out just how fun they can be…). Nickname: FSA. A person who knows what they want from me and what the year ahead looks like.

Taxes 14

Taxes Flexible Spending Account Health Savings Account Flexible Spending 14

BerniePortal

FEBRUARY 20, 2020

*This blog is adapted from the HR Party of One episode, How to Write Job Descriptions, which you can view below. I’ll show you how. Before we dive into what makes a great - and terrible - job description, we did just a little research into the history of job postings. This week, we’re talking job descriptions.

401(k) 52

401(k) Disability Insurance Salary Manufacturing 52

Benefit Resource Inc.

MARCH 25, 2022

In addition to my work with BRI, I also serve on the Board of ECFC , which is an organization dedicated to the advocacy and education of consumer-driven benefits. The legislative priorities for improving consumer-driven benefits What we might expect in the years to come What is top of mind with regulators.

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Deductions Deductible Transportation Health Insurance 74