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There are four major types of employee benefits many employers offer: medical insurance, life insurance, disabilityinsurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. FlexibleSpending Account (FSA).
Matching 401(k) contributions 2. Health care flexiblespending accounts 3. Health insurance 2. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Some top choices trending today include: 1. Tuition reimbursement 4. Wellness programs 5.
Start by offering a solid benefits package that includes a great portfolio of health insurance options to choose from. This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexiblespending accounts, retirement plans and more.
Benefits: This category encompasses a wide range of benefits, such as: Health insurance (medical, dental, vision) Retirement plans (401(k), pension) Life insuranceDisabilityinsurance Paid time off (vacation, sick leave, personal days) Flexiblespending accounts (FSA) Employee assistance programs (EAP) Perks: These are additional non-monetary benefits (..)
DisabilityInsurance and Life Insurance. Health insurance is a key element of any employee benefits package, but small business owners should consider offering other benefits as well. Life insurance is a popular choice. Disabilityinsurance is another popular option. Dental and Vision Insurance.
flexiblespending accounts, life and disabilityinsurance). 401(k) plan administration. The same big-company advantages that apply to health insurance can also be enjoyed here. The same big-company advantages that apply to health insurance can also be enjoyed here. Performance management.
Treat the HSA More Like a 401(k) than an FSA. It’s easy to understand why employees might confuse an HSA with a flexiblespending account (FSA) or a health reimbursement arrangement (HRA), which both put limits on spending and/or contributions and may not roll over from year to year. RELATED TOPICS.
Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. Disabilityinsurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.
Employee benefits plans commonly include worker’s compensation and disabilityinsurance to ensure a sick or injured employee receives at least a portion of his regular pay until able to return to work. Large and small businesses alike benefit from sponsoring plans such as 401(K)s and Simple IRAs.
5 Source Features Health, dental, and vision insurance Life and disabilityinsurance401(k) retirement plans Health savings accounts Flexiblespending accounts Workers’ compensation insurance Commuter benefits, gym memberships, and mental health assistance.
Many workers today struggle with saving for retirement, and offering employer-sponsored plans gives them a much-needed head start Ideas: Offer matching contributions to 401(k)s, SEP IRAs, or SIMPLE IRAs to incentivize participation. Ideas: Offer both short-term and long-term disability coverage.
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