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 Deductions 96

InterWest Insurance Services

SEPTEMBER 23, 2024

These plans allow workers to withhold a portion of their pre-tax salary to cover certain medical or childcare expenses. 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.

Flexible Spending Account 94

Flexible Spending Account Benefits Package Deductions Deductible 94

WEX Inc.

MAY 24, 2023

“It’s about what a health savings account or a flexible spending account can do for them." Increase communication One main reason why employees don’t understand their benefits is a lack of communication from their employers. It is not legal or tax advice. The information in this blog post is for educational purposes only.

Flexible Spending Account 97

Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

WEX Inc.

SEPTEMBER 7, 2023

Most employees are about to have the opportunity to re-evaluate their benefits options during open enrollment. Flexible spending accounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. It is not legal, financial, or tax advice. Download now!

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

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. HR teams and managers can reduce this stress by implementing programs to help educate new hires to understand their benefits packages, particularly if you offer a 401(k) plan.

Education 98

Education 401(k) Deductions Deductible 98

Business Management Daily

NOVEMBER 15, 2021

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. Types of FSA Plans. Healthcare FSA.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

WEX Inc.

JULY 20, 2023

In the first post of this year’s open enrollment series, we break down some of the common feedback we received from those who said their benefits options were lacking so you can build the best benefits package going into your open enrollment. It is not legal, financial, or tax advice.

Deductions 75

Deductions Deductible Flexible Spending Account Health Savings Account 75

Benefit Resource Inc.

MAY 27, 2021

Over the years, dental insurance has been shifting from a semi-rare fringe benefit to a standard component of most benefit packages. Fortunately, there’s another option… Enroll in a Limited Purpose Flexible Spending Account (FSA). Here are some steps to keep those pearly whites shining bright.

Flexible Spending Account 75

Flexible Spending Account Flexible Spending Health Savings Account Health 75

Benefit Resource Inc.

SEPTEMBER 25, 2018

So, you’ve decided to implement a pre-tax benefit plan. But you can streamline the process to implement a pre-tax benefit plan by understanding and answering these five questions. Let’s say you decided to offer a Flexible Spending Account (FSA). 1) What plan(s) will you be offering?

Taxes 45

Taxes Health Savings Account Flexible Spending Account Flexible Spending 45

Insperity

FEBRUARY 13, 2018

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, flexible spending accounts, retirement plans and more.

401(k) 81

401(k) Disability Insurance Flexible Spending Account Deductions 81

Higginbotham

JULY 12, 2024

Employers can help their workers by offering dependent care assistance plans as part of their employee benefits package. A dependent care assistance plan or program (DCAP) is a type of employee benefit designed to help workers pay for care for their qualifying dependents. Lifestyle Spending Accounts (LSAs).

Employee Benefits 52

Employee Benefits Flexible Spending Account Benefits Package Flexible Spending 52

Benefit Resource Inc.

MAY 2, 2023

Significant areas of focus are healthcare costs and pre-tax benefits. Offering pre-tax benefits First, if employee benefits aren’t already offered, employers can help alleviate the financial burden of healthcare costs for their employees by providing pre-tax benefits.

Employment 52

Employment Flexible Spending Account Benefits Package Healthcare 52

Benefit Resource Inc.

NOVEMBER 22, 2022

Here are 5 reasons to give thanks for employee benefits this Thanksgiving. Pre-tax benefits save you money. With a pre-tax benefit, you’re able to deduct the cost of your benefits from your taxes before you calculate what you owe. That means you’ll end up paying less in taxes overall.

Employee Benefits 52

Employee Benefits Flexible Spending Account Flexible Spending Health Savings Account 52

Benefit Resource Inc.

JULY 31, 2023

Amidst the excitement, many may not know that their Flexible Spending Account (FSA) can be a valuable resource for purchasing back-to-school items. An FSA is a pre-tax benefit account offered by many employers as part of their benefits package. What is an FSA? How Does it Apply to Back-to-School Shopping?

Utilities 52

Utilities Flexible Spending Account Flexible Spending Medical 52

Benefit Resource Inc.

OCTOBER 30, 2018

When it comes to pre-tax benefits specifically, we found three areas that are common culprits: Gaps in understanding of pre-tax benefits. Overly complicated benefits material. Minimal integration of pre-tax benefits. Gaps in u nderstanding of pre-tax benefits. What you can do right now.

Flexible Spending Account 56

Flexible Spending Account Taxes Health Savings Account Flexible Spending 56

Higginbotham

JUNE 14, 2022

Flexible Spending Accounts (FSAs) have emerged as one solution. FSA programs can be a good fit for many employee health benefit programs, but before being able to decide, you may have some questions – for example, how do FSAs work? Flexible Spending Account vs. Health Savings Account.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 52

Higginbotham

JANUARY 12, 2024

These setups can often provide substantial tax benefits as well. Health accounts can provide advantages to both the employer and the employee, including the following: Flexibility: It’s hard to find employee benefits that fit everyone’s needs. This can reduce the income taxes that employees owe.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 52

Higginbotham

OCTOBER 13, 2023

According to the Society for Human Resource Management (SHRM), Lifestyle Spending Accounts are more common in Canada, but they’re starting to receive attention in the U.S., especially as employers look at options beyond standard benefits packages to help improve recruitment, retention and turnover. However, there’s a catch.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

Higginbotham

NOVEMBER 28, 2022

It can be funded on a pre-tax basis, and the owner can use the untaxed funds for qualified medical expenses. Unlike Flexible Spending Accounts (FSAs), which are owned by employers, individuals own HSAs. What are the benefits of having an HSA? There are significant tax advantages. Custom Benefits Packages.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

Higginbotham

JULY 12, 2022

HRAs may sound like Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs), but there are key differences. The Tax Benefits of Health Reimbursement Arrangements. Employees generally do not pay taxes on health reimbursement arrangement funds used on eligible health care expenses.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Insperity

APRIL 26, 2018

As a co-employer, the PEO is able to offer a wide variety of benefits to your employees through PEO-sponsored benefit plans, such as medical, dental and vision coverage, a healthcare flexible spending account, and life and disability benefits.

401(k) 75

401(k) Professional Employer Organization Workers’ Compensation Payroll Service 75

Benefit Resource Inc.

NOVEMBER 5, 2021

Benefit Resource (BRI) has been simplifying the complexity of benefits for maximum savings and peace of mind for almost 30 years. Employers have come to trust and rely on BRI for their tax-free benefits needs. A little over a year and a half into the pandemic, employee benefits are in the spotlight more than ever.

Employee Benefits 40

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 40

Insperity

APRIL 4, 2012

Employers and employees contribute to these accounts using pre-tax dollars. HRAs (Health Reimbursement Accounts): Health reimbursement accounts are funded by employers with tax-free money. When employees need to pay health care costs it is usually as easy as swiping a debit card to access those saved funds.

Flexible Spending Account 40

Flexible Spending Account Deductions Deductible Health Insurance 40

Benefit Resource Inc.

SEPTEMBER 28, 2023

With a heightened focus on work-life balance, increased competition for talent, and the proliferation of dispersed workforces, BRI has diversified its offerings to include more robust personalized benefits and pre-tax benefits like Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), and commuter benefits.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Taxes Flexible Spending 52

Benefit Resource Inc.

MAY 29, 2023

One of the most important decisions you can make as an employer is offering competitive benefits packages that entice and retain top talent. HSAs and FSAs are two popular healthcare savings options that provide individuals with tax advantages when it comes to managing their medical expenses.

Healthcare 52

Healthcare Benefits Package Medical Taxes 52

Business Management Daily

DECEMBER 6, 2021

You may already offer a great benefits package, but it never hurts to take a second look. Perhaps it is time to explore new wellness benefits or upgrade the available medical coverage options. Some things to consider when evaluating the competitiveness of your company’s benefit plan include: Add an FSA.

Employee Retention 119

Employee Retention Overtime Salary Flexible Spending Account 119

Business Management Daily

NOVEMBER 30, 2021

Flexible spending accounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses. These pre-tax funds should be used to arrange for appropriate care of dependants while the employee is at work.

Retail 52

Retail Healthcare Medical Flexible Spending Account 52

Empuls

JULY 11, 2023

Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent. In this blog, we will discuss tax free or non taxable employee benefits. Tax savings for employers.

Employee Benefits 40

Employee Benefits Flexible Spending Account roth 401(k) 401(k) 40

Genesis HR Solutions

NOVEMBER 20, 2018

A Professional Employer Organization (PEO) allows its clients to outsource many of their human resource functions, share employment liability, and, oftentimes, gain economies of scale to bring an improved benefits package to their employees. PEO services include administration of the following: Health benefits. PEO Payroll.

Human Resources 40

Human Resources Health Insurance 401(k) Benefits Package 40

Flimp Communications

SEPTEMBER 12, 2024

These documents are mandated by federal and state employment and tax regulations. employees must also complete form W-4, which tells the employer how much to withhold from the employee’s pay for federal income tax. State Withholding Forms Some states provide separate tax withholding certificates (state W-4s) for state income taxes.

Taxes 52

Taxes Life Insurance Flexible Spending Account Banking 52

Higginbotham

MARCH 17, 2023

Many workers are paying greater attention to their benefits and wondering how to stretch their dollars further. While many employers are familiar with health savings accounts (HSAs) and flexible spending accounts (FSAs), lifestyle spending accounts (LSAs) are an emerging benefit that can provide flexible and personalized support to employees.

Health Insurance 52

Health Insurance Flexible Spending Account Insurance Benefits Package 52

Higginbotham

OCTOBER 5, 2023

But, to offer more, it is not always necessary to spend more. Competitive advantage can also come from creativity in putting together a benefits package. Consider adding financial wellness programs to your benefit offerings to help employees manage these worries and focus on career success.

Health Insurance 52

Health Insurance Employee Benefits Insurance 401(k) 52

Benefit Resource Inc.

SEPTEMBER 8, 2021

The first step to getting employees to “swipe right” on your benefits is for them understand what they are looking for in a benefits package. Some people might want benefits that can be used to support children, like a General or Limited Flexible Spending Account (FSA) or a Dependent Care FSA.

Health Savings Account 40

Health Savings Account Flexible Spending Account Finance Flexible Spending 40

Vantage Circle

SEPTEMBER 11, 2023

For example, some platforms allow for integrating different benefits, such as health insurance, retirement plans, and wellness programs. This can help employers tailor their benefits packages to meet their employees' specific needs and preferences. However, the packages should meet the needs and expectations of employees.

Employee Benefits 52

Employee Benefits Payroll Retirement Plan Software 52

Benefit Resource Inc.

OCTOBER 24, 2019

The exposure to the employee is reduced, risk is managed and employees are more satisfied with the benefit package. However, commuter benefits also encourage employees to take mass transit and decrease their carbon footprint. Employees appreciate benefits that make a difference and contribute to a greater good.

Deductions 40

Deductions Deductible 401(k) Benefits Package 40

Insperity

NOVEMBER 26, 2024

Add health savings accounts and flexible spending accounts. Child and elder care assistance (flexible spending accounts or company reimbursements to cover these costs). You can also talk about your company’s employee experience, including competitive benefits, on social media channels.

Employee Benefits 86

Employee Benefits Family and Medical Leave Act PTO Flexible Spending Account 86

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