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5 ways you can help employees get the most from their benefits

Insperity

From employer-sponsored health insurance to retirement savings plans, an attractive benefits package can help you hire the best employees and ensure you retain them for many years to come. But as incredible as it may seem, many employees don’t take full advantage of all the benefit options their employer offers.

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FSA eligible expenses — what purchases count?

Business Management Daily

Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. Employers are constantly looking for ways to remain competitive in their benefits offerings, and an FSA is a great add-on to your benefits package. Wherever you fall, we have answers for you.

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16+ types of employee benefits you should consider

Genesis HR Solutions

Flexible Spending Account (FSA). According to Healthcare.gov , a Flexible Spending Account (also known as a flexible spending arrangement) is a special account employees put money into that they use to pay for certain out-of-pocket health care costs. Accident Insurance.

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Top 10 Employee Benefits for 2021

Best Money Moves

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. 4 Paid Time Off.

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What does coinsurance mean in health insurance?

Higginbotham

Cost Sharing in Insurance Although insurance companies take responsibility for many of the costs that arise, policyholders are also responsible for some out-of-pocket costs on top of the premium. This is called cost sharing, and it’s common in many types of insurance. What about the out-of-pocket maximum?

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Employee benefits for small businesses

Higginbotham

Health insurance is a key element of any employee benefits package, but small business owners should consider offering other benefits as well. This can leave workers with many out-of-pocket costs. Vision Center says that standard glasses usually cost up to $600, and that’s without name brand frames.

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The benefits of an HSA account

Higginbotham

Unlike Flexible Spending Accounts (FSAs), which are owned by employers, individuals own HSAs. However, as these plans also have higher out-of-pocket costs, they may not be a good option for people with higher health care expenses. Custom Benefits Packages. Who can own an HSA? Learn more.