McDermott Will & Emery Employee Benefits

NOVEMBER 10, 2023

On November 9, 2023, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain health and welfare plan benefits, including those for health flexible spending arrangements and commuter benefit plans, among other important updates.

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Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 105

HR Lineup

FEBRUARY 5, 2024

Any business requires the best payroll software 2024 to manage its employees’ payroll. The software should be very effective to manage taxes and employee benefits. It should also ensure that employees receive accurate information concerning their wages/salaries or any other deductions.

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Payroll Software Payroll Software Online Payroll 130

Proskauer's Employee Benefits & Executive Compensa

JANUARY 31, 2023

The Consolidated Appropriations Act of 2023 (“CAA 2023”), signed into law on December 29, introduced sweeping reforms to the employee benefits landscape. Generally, a participant must pay their HDHP’s deductible before the plan can cover medical services. cut scheduled for 2024. Not only do the CAA 2023’s “SECURE 2.0”

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Deductions Deductible Health Savings Account Retirement Plan 98

Empuls

AUGUST 27, 2024

Now more than ever, employee benefit packages are considered important for the unwieldy terrain of today's job market. Only those organizations that understand how to use this most powerful approach to their advantage by including comprehensive benefits in kind do well in the market for acquiring and retaining key brainpower.

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Family and Medical Leave Act Employee Benefits 401(k) Benefits Package 40

WEX Inc.

MAY 17, 2023

Key takeaways - 2024 HSA contribution limits 2024 HSA contribution limits will increase to $4,150 and $8,300 for self-only and family HSAs, respectively. 2024 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Health savings account (HSA) contribution limits are on the rise again in 2024.

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Health Savings Account Deductions Deductible Taxes 98

Best Money Moves

MARCH 11, 2024

The 4 best benefits in 2024, according to employees. Your benefits choices go a long way toward attracting the right employees. Here are the 4 best benefits in 2024, according to employees. To evolve your benefits strategy, you need to understand what will help your employees the most.

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Best Money Moves

DECEMBER 9, 2024

As 2024 comes to a close, HR professionals are rethinking benefits strategy going into next year. This past year has been shaped by major financial uncertainty and advancements, influencing the benefits trends going into next year. All of these factors mean that employee needs are changing.

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roth 401(k) 401(k) Benefits Package Paid Leave 52

McDermott Will & Emery Employee Benefits

NOVEMBER 19, 2024

The Consolidated Appropriations Act (CAA), 2023 (Public Law 117-328), extended certain key virtual care flexibilities instituted during the COVID-19 public health emergency through December 31, 2024. This includes the telehealth safe harbor for health savings account-eligible high deductible health plans. Read the […]

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Health Savings Account Deductions Deductible Health and Welfare 52

WEX Inc.

NOVEMBER 27, 2024

Nearly two-thirds of large employers provide their employees with the choice of a high-deductible health plan (HDHP) and a traditional health plan, such as a preferred provider organization (PPO), during open enrollment. The IRS sets deductible limits that determine what is an HDHP. But there are high-deductible PPOs, as well.

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Employee Benefits

JANUARY 18, 2024

Our research found that almost half of UK employees say they’re likely to look for a new role in 2024. Financial wellbeing benefits and incentives were at the top of the list of ways to persuade them to stay. 45% of Brits made their personal finances part of their resolutions for 2024 (Workplace Wellbeing Professional).

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Employee Benefits

DECEMBER 19, 2023

Many employers offer payroll-deducted savings schemes for effortless saving. Jonathan Watts-Lay, Director, WEALTH at work, comments; “Now is a great time for employees to review their financial situation and take action to make sure they are in control of their finances in 2024.”

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Finance Banking Pension Insurance 104

InterWest Insurance Services

JANUARY 28, 2025

The average cost of an ER visit with insurance in 2024 was around$400-$650, with the typical copay after meeting the deductible being around $412 nationwide, based on US Department of Health information. But some visits can go into the thousands of dollars for serious cases.

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Health Insurance Insurance Retail Education 59

McDermott Will & Emery Employee Benefits

JULY 5, 2023

Act requires participants who earned more than $145,000 in FICA wages in the prior year from their current employer to make all catch-up contributions on a Roth basis beginning in 2024. Payroll Challenges Plague Roth Catch-Up Contribution Implementation appeared first on EMPLOYEE BENEFITS BLOG. The SECURE 2.0

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Payroll Deductions Deductible Employee Benefits 98

InterWest Insurance Services

JULY 4, 2024

workers choosing high-deductible health plans has leveled off during the last two years, uptake has been growing rapidly among one segment of the working population: Gen Z employees. HDHPs feature higher deductibles and more out-of-pocket expenses in exchange for lower premiums upfront. While the number of U.S.

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Higginbotham

SEPTEMBER 16, 2024

While not ideal for everyone, a high-deductible health plan can be very appealing to some workers, especially when it’s paired with a health savings account. Offering a high-deductible health plan as part of an employee benefits package, therefore, may be a strategic option for your organization.

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Deductions Deductible Health Savings Account Health Insurance 52

InterWest Insurance Services

NOVEMBER 25, 2022

You’ll want to make note of the changes when discussing your employee benefits during annual open enrollment. They also cover the minimum deductibles that qualify programs as high-deductible health plans (HDHPs), which an HSA must be attached to under law. The catch: These funds must be spent by March 15, 2024.

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401(k) Deductions Deductible Flexible Spending Account 98

Snell & Wilmer Benefits

JANUARY 24, 2023

If you sponsor a high deductible health plan (“HDHP”) and have been tracking telehealth relief, your head may be spinning and rightfully so! There have been various laws and guidance impacting HDHPs and telehealth since 2020 and most recently, new legislation extended relief for 2023 and 2024 plan years.

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Deductions Deductible Family and Medical Leave Act Health and Welfare 52

Sodexo Engage

OCTOBER 22, 2024

Employee benefits LP mariana.nunes Tue, 10/22/2024 - 17:21 Discover a wide range of employee benefits. Employee Discounts Platform : Instant discounts (up to 20%) on essentials, treats, holidays, and more. Employee Assistance Programme - essential mental health support when your people need it most.

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Employee Benefits Retail Deductions Deductible 52

Sodexo Engage

OCTOBER 22, 2024

Pluxee Employee Benefits Platform mariana.nunes Tue, 10/22/2024 - 17:21 Discover a wide range of employee benefits. Employee Discounts Platform : Instant discounts (up to 20%) on essentials, treats, holidays, and more. Refurbished Tech and lifestyle-improving Salary Deduct Schemes.

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Employee Benefits Retail Deductions Deductible 52

Proskauer's Employee Benefits & Executive Compensa

JUNE 27, 2023

As a reminder, if an HDHP covers medical items and services before the participant satisfies the IRS minimum deductible (self-only or family), that coverage may disqualify the participant’s HSA contributions. Can an HDHP continue to provide pre-deductible coverage of COVID-19 testing and treatment without impacting HSA eligibility?

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Deductions Deductible Health Savings Account Medical 52

InterWest Insurance Services

JUNE 8, 2023

for 2024, the largest increase ever, brought to you by inflation. The IRS updates this amount annually, along with minimum deductibles as well as the out-of-pocket maximums for high-deductible health plans. Here are the changes coming in 2024: HSA annual contribution limit Self-only plan: $4,150, up 7.8%

Deductions 52

Deductions Deductible Health Savings Account Medical 52

Sodexo Engage

OCTOBER 11, 2024

NEW LP - Employee benefits and rewards. Cloned daniel.rhodes Fri, 10/11/2024 - 14:19 Employee benefits and rewards. Find out more Boost Productivity, Engagement and Retention with a wide range of employee benefits. Refurbished Tech and lifestyle-improving Salary Deduct Schemes. Make an impact.

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Employee Benefits Retail Deductions Deductible 52

Sodexo Engage

OCTOBER 11, 2024

NEW LP - Employee benefits and rewards. Cloned daniel.rhodes Fri, 10/11/2024 - 14:19 Employee benefits and rewards. Find out more Boost Productivity, Engagement and Retention with a wide range of employee benefits. Refurbished Tech and lifestyle-improving Salary Deduct Schemes. Make an impact.

Employee Benefits 52

Employee Benefits Retail Deductions Deductible 52

Sodexo Engage

NOVEMBER 14, 2024

Employee Discounts Platform LP mariana.nunes Thu, 11/14/2024 - 13:07 Give employees more freedom in the choices they make every day, and the chance to get more from life with a wide range of discounts at their fingertips. Why Choose Our Employee Discount scheme?

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Retail Deductions Deductible Salary 52

Sodexo Engage

SEPTEMBER 30, 2024

NEW LP - Employee benefits and rewards. mariana.nunes Mon, 09/30/2024 - 16:19 Employee benefits and rewards. Find out more Boost Productivity, Engagement and Retention with a wide range of employee benefits. Employee Assistance Programme - essential mental health support when your people need it most.

Employee Benefits 52

Employee Benefits Retail Deductions Deductible 52

WEX Inc.

MAY 2, 2024

HSAs have a triple-tax advantage, as in general distributions for qualified medical expenses and investment returns are tax-free, and contributions are tax-deductible. If you offer an HSA, you’ll save money on your payroll tax bill, while employees see financial gains in a number of ways, including: Lower insurance premiums.

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Health Savings Account 401(k) Flexible Spending Account Taxes 98

Sodexo Engage

SEPTEMBER 30, 2024

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Employee Benefits 52

Employee Benefits Retail Deductions Deductible 52

Employee Benefits

MAY 3, 2023

The government predicted that this would protect more than two million employees, as well as allowing them to view an employer’s tipping record. It also suggested that this would free up £200m per year of otherwise deducted tips, to go back into the pockets of employees.

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Employee Benefits

JANUARY 17, 2024

Prioritising employee financial wellbeing at work doesn’t just help your people but your business, too. We’re in an era where companies need to carefully explore the types of employee benefits they offer to attract and retain top talent. It’s not about looking for the best offer – about what an employee can get.

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Education Deductions Deductible Salary 105

Sodexo Engage

OCTOBER 22, 2024

NEW LP - Employee benefits and rewards. Cloned mariana.nunes Tue, 10/22/2024 - 17:21 Discover a wide range of employee benefits. Employee Discounts Platform : Instant discounts (up to 20%) on essentials, treats, holidays, and more. Refurbished Tech and lifestyle-improving Salary Deduct Schemes.

Employee Benefits 52

Employee Benefits Retail Deductions Deductible 52

Snell & Wilmer Benefits

JANUARY 24, 2023

If you sponsor a high deductible health plan (“HDHP”) and have been tracking telehealth relief, your head may be spinning and rightfully so! There have been various laws and guidance impacting HDHPs and telehealth since 2020 and most recently, new legislation extended relief for 2023 and 2024 plan years.

Deductions 40

Deductions Deductible Family and Medical Leave Act Health and Welfare 40

Employee Benefits

FEBRUARY 26, 2024

High employee turnover rates are a financial risk, and during this blog, we’ll explore all the elements to consider when creating a long-term employee retention strategy. Are you at high risk of high employee turnover? We interviewed over 1,000 UK employees and found that almost half would be looking for a new role in 2024.

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Proskauer's Employee Benefits & Executive Compensa

DECEMBER 19, 2024

Important UpdatePre-Deductible Telehealth HSA Relief Ends on December 31, 2024 : As discussed in our post below, although extension of the telehealth safe harbor was included in various bill drafts, the year-end spending bill signed into law on December 21, 2024 (American Relief Act, 2025) does not include pre-deductible telehealth relief.

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Deductions Deductible Health Savings Account Taxes 40

Insperity

OCTOBER 10, 2023

Starting in 2024, employees’ annual contribution limits to some SIMPLE 401(k)s or IRAs will rise. Act also allows employers to offer many optional financial benefits to their employees. Also beginning in 2024, employers who do not currently offer a retirement plan may initiate a “starter 401(k) plan.” The SECURE 2.0

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401(k) Retirement Plan Taxes Benefits Package 116

Higginbotham

APRIL 30, 2024

According to the International Foundation of Employee Benefits Plans (IFEBP) , employers project a seven percent increase in health insurance costs for 2024. The employer buys a group health plan through an employee benefits broker or from a health insurance company. The employer, employees or both pay the premium.

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Insurance Employee Benefits Health Insurance Medical 52

InterWest Insurance Services

JULY 6, 2023

As well, a growing number of established insurers are starting to sell “virtual-first” plans, often with a zero-dollar deductible and no copays for all visits with virtual-only providers. The study’s authors noted that there are other benefits besides just cost savings.

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Insurance Out of Pocket Cost Hospitality Health Savings Account 95

Vantage Circle

JUNE 3, 2024

Payroll Software automates managing employee salaries, wages, bonuses, and deductions. It also tracks time off, vacation accrual, and benefits. Payroll software typically includes features such as tax calculation, direct deposit, employee self-service portals, and integration with other HR and accounting software.

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