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16+ types of employee benefits you should consider

Genesis HR Solutions

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. Vision Insurance. Flexible Spending Account (FSA). There is risk involved in sponsoring a 401(k) Plan— we discuss this in detail in this article.

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GoCo

HR Lineup

GoCo also offers a wide range of employee benefits options, including health, dental, and vision insurance, as well as a range of wellness programs and resources. The platform also offers a flexible spending account (FSA) option, allowing employees to set aside pre-tax dollars for eligible medical and dependent care expenses.

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What is a cafeteria plan? (Hint: It’s not related to lunch)

Benefit Resource Inc.

In this article, we kick legal jargon to the curb and dive into three areas to provide a high level guide to understanding this plan. One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). Finally, the last type of cafeteria plan is a Dependent Care flexible spending account.

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What is a cafeteria plan? (Hint: It’s not related to lunch)

Benefit Resource Inc.

In this article, we kick legal jargon to the curb and dive into three areas to provide a high level guide to understanding this plan. One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). Finally, the last type of cafeteria plan is a Dependent Care flexible spending account.

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Dependent FSA: Myth vs. Fact

Benefit Resource Inc.

Flexible Spending Accounts are one of the most popular tax-advantaged accounts employees choose during open enrollment. Based on its name, employees sometimes assume that a Dependent FSA is used to pay for medical, dental and vision expenses for dependents. Find out in our article. However, no such account exists.

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Employer Reporting on Prescription Drug Pricing Due By 12/27

Griffin Benefits

stand-alone vision or dental, among others) that are generally exempt from Affordable Care Act requirements are also exempt from this reporting. Additionally, account-based plans, like health reimbursement arrangements (HRAs) and health care flexible spending accounts (FSAs), are not required to report. Excepted benefits (e.g.,

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What is a Limited Purpose FSA?

Benefit Resource Inc.

It is used to pay for vision and dental expenses that are not covered by insurance. A Medical FSA can be used to pay for your out-of-pocket expenses related to medical care, dental care and vision. A Limited FSA can only be used to pay for your out-of-pocket expenses related to dental and vision. Expenses covered.