Corporate Synergies

AUGUST 6, 2018

High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% million accounts in 2006 to over 22 million at the end of 2017. 3 Devenir , “2017 Year-End Devenir HSA Research Report”.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Corporate Synergies

FEBRUARY 11, 2019

Patient financial responsibility is on the rise—average out-of-pocket costs rose 11% in 2017 alone. Employers can help make the process a little easier with the right communication tools. A flexible spending account (FSA), which can be used to cover childcare and medical costs tax-free.

Health Insurance 47

Health Insurance Insurance Insurance Carriers Out of Pocket Cost 47

Genesis HR Solutions

MARCH 26, 2019

It must be a Certified Professional Employment Organization (CPEO). As of 2017, professional employment organizations are eligible to become certified through the IRS (thus Certified PEOs). You can read more about what it means to be a CPEO in our article, What is a Certified Professional Employer Organization (CPEO)?

401(k) 40

401(k) Professional Employer Organization Health Savings Account Entertainment 40

Benefit Resource Inc.

NOVEMBER 1, 2018

It might look something like this: Remove annual maximums and allow employers to define maximum limits. Expand FSA rollover options to encourage employees to reduce the rush to spend funds at the end of the plan year. With the passage of Tax Reform at the end of 2017, Commuter Benefits took a little hit.

Taxes 49

Taxes Deductions Deductible Medical 49

Benefits Notes

MARCH 31, 2021

Many of the provisions in this sweeping legislation bring changes to the employee benefits world of which employers should take note and which are summarized below. The ARPA also allows the employer, insurer, or multiemployer plan sponsor who subsided the premiums to offset the cost by claiming a new federal tax credit. Tax Credit.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Taxes Pension 40

Benefit Resource Inc.

MAY 9, 2019

November 2017: The couple announces their engagement. The duration of an SEP can vary between employers, but is usually between 30 and 60 days). Before we start, we have to issue a disclaimer: Following along will require a suspension of disbelief, where Harry and Meghan are working Americans who are eligible for pre-tax benefits.

Out of Pocket Cost 74

Out of Pocket Cost Taxes Health Insurance 74

Benefit Resource Inc.

DECEMBER 19, 2019

Current State: The Tax Cuts and Jobs Act of 2017 required tax exempt entities (AKA non-profits) to pay unrelated business income tax (UBIT) on contributions employees set aside for qualified transit and parking benefits. Some might call it “peachy” these days. Despite current sentiments, there might be some glimmers of hope.

Health Savings Account 40

Health Savings Account Flexible Spending Account Taxes Flexible Spending 40