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Federal and state mandated benefits include health insurance, worker’s compensation, unemployment insurance, and required leave time for caring for family and/or personal medical purposes. Health insurance, and family and medical leave, are not required for all businesses. What are benefits that are voluntary?
According to the 2021 Financial Wellbeing Employer Survey from the Employee Benefit Research Institute , the percentage of employers that offer a financial wellbeing program has increased from only 12 percent in 2018 to 34 percent in 2021. Other Common Insurance Options and Voluntary Benefits. Mental Health Benefits.
Other real expenses that are excluded from the “basket of goods” [in Canada, at last] are real estate and lifeinsurance. Social Security: Cost-of-Living Adjustments , Congressional Research Service, Updated November 19, 2018. That increase was effective July 1, 2018. percent increase effective January 2019.
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