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Below are the top 10 employee benefits certifications for professionals in 2024. HealthInsurance Associate (HIA) The HealthInsurance Associate (HIA) certification is offered by America’s HealthInsurance Plans (AHIP). It’s perfect for those who manage employee health savings programs.
As we approach the 2024 United States presidential election, Chris Byrd, senior vice president, health executive and, more broadly, head of Government Affairs at WEX, joined our Benefits Buzz podcast for an insightful conversation on how election years can influence employee benefits.
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. It found that: 64% of health plan enrollees selected a traditional plan in plan year 2024, compared to 69% in 2022. While the number of U.S.
The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexiblespending accounts. To qualify, the healthinsurance plan must have a minimum deductible of: $1,500 for self-only coverage (up $100 from 2022); or. The catch: These funds must be spent by March 15, 2024.
Health Savings Account A Health Savings Account (HSA) is a type of employee-owned account that is designed to work with high-deductible healthinsurance plans. For 2024, the contribution limit for self-only coverage is $4,150 and the contribution limit for family coverage is $8,300.
ACA Pay or Play Penalties Will Increase for 2024 On March 9, 2023, the IRS released updated penalty amounts for 2024 related to the employer shared responsibility (pay or play) rules under the Affordable Care Act (ACA). For calendar year 2024, the adjusted $2,000 penalty amount is $2,970. 31, 2023 On Feb. Effective Dec.
The following commonly offered employee benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs); Healthflexiblespending accounts (FSAs); 401(k) plans; and. The Kaiser Family Foundation (KFF) recently released its 24th annual Employer Health Benefits Survey.
IRS Announces 2024 FSA, Retirement Plan Limits Earlier this month, the Internal Revenue Service (IRS) released cost-of-living adjustments and inflation-adjusted limits for 2024 that affect amounts employees can contribute to healthflexiblespending accounts (FSAs), 401(k) plans and individual retirement accounts (IRAs).
Are you offering your employees healthinsurance options that work for their budgets? 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. Employers, employees or both can contribute funds to an HSA in the same year.
Additionally, research indicates that 88% of job seekers give "some consideration" or "heavy consideration" to better health, dental, and vision insurance benefits when choosing between a high-paying job and a lower-paying job with better benefits. What Do Employee Benefits Cost? per hour worked, with $32.25
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