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Top 10 Employee Benefits for 2021

Best Money Moves

Employers who don’t offer health insurance might want to reconsider and employers who do should audit their healthcare offerings to determine the out of pocket costs of deductibles, prescriptions, copays and then work with benefits brokers to provide better coverage. . 4 Paid Time Off. 9 Pet-Friendly Employee Benefits.

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HDHPs can cover more preventive services

Business Management Daily

An ounce of prevention may be worth a pound of cure, but up until this point, high-deductible health plans have been boxed in regarding tax-free reimbursements for most preventive care services or items. Reason: With certain exceptions, HDHPs can’t start reimbursing employees until they meet those high deductibles.

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HSA vs. health care FSA: Which is better for you and your employees?

Insperity

HSA is the acronym for health savings account; FSA is the acronym for flexible spending account. An easy, basic way to distinguish what each account is intended for is by focusing on what the letter “S” represents in each: savings and spending. The FSA cap for 2019 is $2,700. Start by educating yourself on the basics.

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New COVID relief package extends payroll provisions

Business Management Daily

The tax credit also applied if you suffered a significant decline in gross receipts, defined as a 50% drop in quarterly gross receipts when compared to the same quarter during 2019. Advances are limited to 70% of average quarterly wages paid during 2019. Expanded meal deduction. PPP loans are expanded. Tax extenders.

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4 Strategies to Strengthen Your Benefits Programs

Benefit Resource Inc.

So, Benefit Resource brings you “4 Strategies to Strengthen Your Benefits Programs” 1) Add a Post-deductible HRA with an HSA. So combining an HSA with a post-deductible HRA just sweetens the deal and acts as a bonus. A post-deductible HRA helps limit an employee’s risk. How, might you ask?

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How Employee Perks Can Help Companies in the US

Vantage Circle

In this, employees can elect to have a portion of their earnings automatically deducted from their paychecks and directed into their investment account. By the end of 2019, 42.1% Although many companies today offer flexible hours, they often come with certain minimum core hours that need to be completed. Additionally, 31.3%

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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

Health care flexible spending accounts are not subject to the ARPA provisions. The credit is fully deductible and, in anticipation of the credit, the credit may also be advanced, according to forms and instructions provided by federal agencies, through the end of the most recent payroll period in the quarter.