Best Money Moves

DECEMBER 9, 2024

According to Mercers Survey on health & benefit strategies for 2025 , almost 70% of surveyed companies are or are planning to offer financial wellness programs in their benefits package next year. This projection shows the benefits trends in use and utilization of financial wellness programs among employees.

roth 401(k) 52

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

PeopleKeep

OCTOBER 2, 2023

Employers have several types of health plans to choose from when designing their benefits packages. One option that appeals to many employers is the no-deductible health plan. Because attracting and retaining talented workers is a high priority for many organizations, employers often look for the best health plan available.

Deductible 52

Deductible Deductions Benefits Package Healthcare 52

CorpStrat

DECEMBER 4, 2024

As the year winds down, employers have a crucial opportunity to fine-tune their employee benefits strategy. Open enrollment is wrapping up, and now is the time to ensure your benefits package is ready to meet employee needs and support your 2025 business goals. Assess Participation Rates Look at this year’s enrollment data.

Employee Benefits 52

Employee Benefits Employment Disability Insurance Health Savings Account 52

InterWest Insurance Services

DECEMBER 28, 2021

The worker can use this cash benefit for any purpose, including: Deductibles. But if you have an 80-20 plan, your worker is still responsible for her deductible (averaging over $1,600), plus 20% of that cost, or over $6,000. Employees pay part or all of the premiums via payroll deduction. Coinsurance. Transportation.

Voluntary Benefits 98

Voluntary Benefits Hospitality Insurance Out of Pocket Cost 98

InterWest Insurance Services

SEPTEMBER 23, 2024

The benefits are free from federal and state income taxes, employees’ taxable income is reduced and that means that employers don’t have to pay FICA on those dollars. Cafeteria plans enhance your employee benefits package while boosting your margins.

Flexible Spending Account 94

Flexible Spending Account Benefits Package Deductible Deductions 94

InterWest Insurance Services

JULY 20, 2022

It always takes more time than usual to onboard new employees — particularly ones who are new to the workforce altogether — to your employee benefits plans. Deductibles — Explain how deductibles work and that depending on their plan they may pay the full price for health care services until they’ve met their deductible.

Education 98

Education 401(k) Deductible Deductions 98

HR Lineup

JUNE 29, 2023

It also handles tax deductions, benefits contributions, and compliance with labor laws, ensuring accurate and timely payments while reducing the risk of errors. Employees can access and make changes to their benefits information through a self-service portal, reducing administrative tasks for HR personnel.

Payroll 130

Payroll Retirement Plan Commissions Health Insurance 130

HR Lineup

DECEMBER 4, 2023

It supports various payment methods and deductions, making it adaptable to diverse payroll structures. Namely’s benefits administration module is another highlight, simplifying the often complex task of managing employee benefits. One standout feature of Namely is its robust payroll management system.

Payroll 130

Payroll Retirement Plan Human Resources Health Insurance 130

InterWest Insurance Services

MARCH 22, 2022

One way you can give your staff more choice in the employee benefits they receive is to offer them a cafeteria plan, which allows them to put together a benefits package that works best for them. Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis.

Flexible Spending Account 96

Flexible Spending Account 401(k) Flexible Spending Deductible 96

HR Lineup

OCTOBER 18, 2023

It simplifies the process of calculating salaries, factoring in taxes, deductions, and benefits. One of Plane’s standout features is its ability to integrate seamlessly with various HR tools and benefits providers.

Payroll 130

Payroll Retirement Plan Health Insurance Benefits Package 130

Business Management Daily

SEPTEMBER 15, 2021

Offering an attractive employee benefits package helps lure top talent and encourages the retention of your best team members. Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. There’s no one-size-fits-all answer.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

InterWest Insurance Services

AUGUST 1, 2023

Besides the above, you will also need to decide if you want to reduce the premium for your organization and staff by offering high-deductible health plans. These plans can be either an HMO or a PPO, but they have the same feature of having a high deductible that needs to be met before benefits really kick in.

Family and Medical Leave Act 98

Family and Medical Leave Act Out of Pocket Cost Deductible Deductions 98

InterWest Insurance Services

AUGUST 22, 2023

Besides the above, you will also need to decide if you want to reduce the premium for your organization and staff by offering high-deductible health plans. These plans can be either an HMO or a PPO, but they have the same feature of having a high deductible that needs to be met before benefits really kick in.

Family and Medical Leave Act 98

Family and Medical Leave Act Out of Pocket Cost Deductible Deductions 98

PeopleKeep

MAY 24, 2021

According to a survey conducted by the Society for Human Resource Management , high-deductible health plans (HDHPs) linked with HSAs and HRAs continue to grow, with nearly 60% of organizations reporting at least one of these offerings.

Health Savings Account 98

Health Savings Account Benefits Package Deductible Deductions 98

Sodexo Engage

NOVEMBER 14, 2024

Free Bolt-Ons - We have a selection of employee benefits you can bolt onto our Employee Discounts Platform for no extra cost from our salary sacrifice and salary deduct solutions. Streamline Your Benefits Package - When you take on our Employee Discounts Programme, we can integrate your current benefits into our platform.

Retail 52

Retail Deductible Deductions Salary 52

HR Lineup

FEBRUARY 2, 2024

Tax Deductions: Employers may be eligible for tax deductions on the amount paid for leave encashment, depending on the jurisdiction. By adhering to applicable laws and fostering a collaborative approach, organizations can ensure that leave encashment remains a positive and fair component of their overall employee benefits package.

Taxes 130

Taxes Government Salary Deductible 130

Higginbotham

MAY 4, 2023

The Convenience of Payroll Deductions When supplemental life insurance is available through work, employees often pay for coverage using payroll deductions. Instead of having another bill to pay each month, they simply sign up to have the supplemental employee life insurance premiums deducted from their paychecks. Learn more.

Life Insurance 52

Life Insurance Benefits Package Insurance Employee Benefits 52

Benefit Resource Inc.

JANUARY 16, 2024

An excellent benefits package is one important component that is vital to this effort. The Significance of a Well-Designed Benefits Package: A well-designed benefits package goes above and above to establish a work environment that fosters financial security and well-being.

Benefits Package 52

Benefits Package Flexible Spending Account Health Savings Account Flexible Spending 52

HR Digest

SEPTEMBER 14, 2020

Companies must rethink their benefits package in the new environment. With the budgets restricted in these tight economic times, startups need to be more creative in the kind of benefits they offer. Especially health benefits need to be rethought. And in corona times, employees are looking for more wide coverage.

Health Insurance 98

Health Insurance Insurance Deductible Deductions 98

HR Lineup

FEBRUARY 5, 2024

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. ADP offers benefits advisory services to help management make the best decisions about what benefits package to offer employees.

Payroll Software 130

Payroll Software Payroll Software Online Payroll 130

Benefit Resource Inc.

AUGUST 6, 2021

Download our full infographic below to learn about the actual cost of a free HSA: Despite a steady increase in consumer demand for health savings accounts, employers—even those that already offer an HSA-eligible high-deductible health plan—may struggle to see the value in offering an employer-sponsored HSA program. Cost #1: Show Me the Money.

401(k) 76

401(k) Health Savings Account Deductible Deductions 76

InterWest Insurance Services

JANUARY 17, 2023

But for the first time, the annual study by employee benefits provider Unum found that the younger generations are not on the same page with their older peers when it comes to what they value most in their benefits package.

401(k) 98

401(k) Health Insurance Insurance Voluntary Benefits 98

Benefit Resource Inc.

JANUARY 7, 2021

As an employer, you want your benefits package to be a one-stop-shop for your employees. Not only will a comprehensive benefits package keep your current employees happy, but it will help you attract new talent. We’re here to let you in on a secret to help you kick your benefits up a notch. Post-deductible.

Benefits Package 40

Benefits Package Comprehensive Benefits Deductible Deductions 40

InterWest Insurance Services

APRIL 20, 2023

For employees, being able to enroll in an insurance product through a workplace voluntary benefits program offers them the advantage of group pricing, the convenience of paying through payroll deduction, and perhaps access to insurance that would be difficult to get on an individual basis.

Voluntary Benefits 97

Voluntary Benefits Benefits Package Insurance Life Insurance 97

Higginbotham

NOVEMBER 12, 2024

Employers wishing to provide legal services as an employee benefit typically have two primary options: Standalone Legal Services Benefit: Legal insurance can be provided as a voluntary benefit, with employees covering the cost through payroll deductions. Each approach has its own advantages and disadvantages.

Voluntary Benefits 52

Voluntary Benefits Insurance Health Insurance Benefits Package 52

InterWest Insurance Services

JULY 13, 2023

Employers said they are looking to manage growing group benefit costs without shifting costs to employees, as they realize that their staff are likely dealing with inflation in all facets of their lives, including their medical bills, according to Mercer’s “Survey on Health and Benefit Strategies for 2024.”

Employment 98

Employment Out of Pocket Cost Health Insurance Health Savings Account 98

Employee Benefits

MAY 29, 2023

However, benefits are an important aspect of any offering from an organisation, as good benefits can provide security, flexibility, and peace of mind, contributing to a more positive work experience overall. So what constitutes a good employee benefits package?

Salary 98

Salary Employee Benefits Disability Insurance Pension 98

Benefit Resource Inc.

APRIL 23, 2019

Employees may see an HRA Account as a portion of their benefits package and may consider it as part of their overall compensation. However, this perception also leads employees to over-utilize their benefits as they try to avoid leaving anything unused. Option 1: Add a deductible to the HRA.

Utilities 74

Utilities Deductible Deductions Benefits Package 74

InterWest Insurance Services

DECEMBER 26, 2024

The Mercer survey concluded that employers would have to balance two priorities: Focusing on health care affordability and ensuring that their staff can afford their copays, coinsurance and deductibles.

Employment 98

Employment Pharmaceutical Medical Health Insurance 98

Benefit Resource Inc.

OCTOBER 25, 2018

If you are one of the lucky few, one benefit package ends as the other becomes effective. Maintaining group health coverages will also ensure: Your benefit plan covers the pre-existing condition. You have already met your deductible or plan limits. There is something that happens when you have a high deductible.

Deductible 73

Deductible Deductions Health Medical 73

InterWest Insurance Services

SEPTEMBER 27, 2023

With answers and feedback in hand you can create a benefits package that is more appealing to them, which in turn gives you a competitive edge when attracting and retaining workers. Engage employees and solicit feedback through quarterly employee-benefits round table meetings. Get an early start If your plan year starts Jan.

Out of Pocket Cost 93

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 93

WEX Inc.

AUGUST 23, 2023

Voluntary benefits give employees the opportunity to further customize their benefits package to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings.

Voluntary Benefits 98

Voluntary Benefits Disability Insurance Life Insurance Insurance 98

CorpStrat

DECEMBER 3, 2021

It might be a little hard to build a great story and message through plain text but if you use videos and some cool graphics, you can really help employees understand what benefits are best for them and help them determine what programs compliment their family’s needs. Offer Voluntary Benefits. Explain Cost. Tell Your Story.

Voluntary Benefits 98

Voluntary Benefits 401(k) Benefits Package Deductible 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.

Family and Medical Leave Act 40

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

Best Money Moves

JULY 8, 2020

HR trends forecast the most desired employee benefits for 2021 like financial wellness programs and flexible work arrangements. It’s time for employers to start planning their employee benefits packages for 2021. 9 Pet-Friendly Employee Benefits. 4 Paid Time Off.

Employee Benefits 111

Employee Benefits Out of Pocket Cost Flexible Spending Account Health Insurance 111

InterWest Insurance Services

JUNE 16, 2022

Offering telemedicine as part of your benefits package can lead to substantial cost savings as it allows your employees to access health care professionals when they need them, 24/7. This can reduce the chances of trips to urgent care facilities and emergency rooms, which are both costly.

401(k) 98

401(k) Health Insurance Health Savings Account Human Resources 98

Insperity

JANUARY 27, 2022

Some states may also tax fringe benefits, so be sure to check with your state tax authority before designing a fringe benefits package. Examples of taxable fringe benefits include: Non-business use of company cars Cash (bonus pay) Gym memberships Paid personal time off. Must all employees receive the same benefits?

Employment 98

Employment Taxes Health Savings Account Benefits Package 98