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Employees will rely on you to explain options, resolve confusion, and provide guidance. Consider preparing an FAQ document and attending any training sessions offered by your benefitsproviders. Host benefits education sessions Many employees may not fully understand the value of their benefits.
That’s why employers should be offering medical and health-related benefits. A Medical Flexible Spending Account (Medical FSA), HealthSavingsAccount (HSA), or Health Reimbursement Account (HRA) are great places to start.
The survey results will help you prioritize the benefit changes or expansions that would be most impactful for your current employees so that you can utilize your benefits budget effectively. Evaluate current benefits offerings and needs. Submit all enrollment forms to benefitsproviders. Stay organized.
This includes offering high-deductible health plans combined with HealthSavingsAccounts (HSAs) to help employees manage costs. For example, Walmart is expanding its healthbenefits program by enhancing virtual primary care options for employees and their families.
In honor of National Employee Benefits Day, here are some of the often overlooked benefit options employers can use to “sweeten the pot” to attract new talent and retain existing talent. These eight benefitsprovide an opportunity for over $30,000 of increased value to employees each year.*
The Consolidated Omnibus Budget Reconciliation Act (COBRA) protects workers who lose their healthbenefits. Since 1985, COBRA, has given workers (and their families) the right to choose to continue healthbenefitsprovided by their group health plan for limited periods of time. 2) Timing Matters.
While this may be bad news for the overall economy, it could actually be good news for those with a HealthSavingsAccount (HSA). HSA’s are the only account to provide a triple-tax benefit. This helps provide a lot of relief to account holders, especially during economic shifts.
5 Source Features Health, dental, and vision insurance Life and disability insurance 401(k) retirement plans Healthsavingsaccounts Flexible spending accounts Workers’ compensation insurance Commuter benefits, gym memberships, and mental health assistance.
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