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Auto Insurance: Strategies to Save

Money Talk

Revisit Your Deductibles - Check with your insurance agent on policy premium costs and consider raising the deductibles on your policy (e.g., a $500 to a $1,000 deductible), however, only if there is significant savings. a $500 to a $1,000 deductible), however, only if there is significant savings. Do this (e.g.,

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The Impact of Indexing: 13 Real World Examples

Money Talk

Other tax numbers that get indexed are the standard deduction, certain tax credits, and the deduction for business-related and medical mileage. Up to $10,000 of Series I bonds can be purchased electronically and bonds must be held at least 12 months. From May 1 to October 31, 2021, I bonds earned 3.54%.

401(k) 233
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How to Create a Pay Stub for Employees?

HR Lineup

A pay stub not only serves as a record of an employee’s earnings but also provides crucial information about deductions, taxes, and other financial details. Deductions: Federal and state taxes Social Security and Medicare contributions Health insurance premiums Retirement contributions 4. Deductions and Taxes 1.

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Helping Your Employees Get the Most out of Their Health Plans

InterWest Insurance Services

Sometimes shorter presentations, resources in print and electronic formats, followed by individual assistance in helping staff pick the right plan is the best approach. You should ask your employees to look at the deductible they had in the last year and see if they reached it.

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New guidelines for electronic W-4s you probably missed

Business Management Daily

Without any fanfare at all, the IRS included new guidelines for electronic W-4s in the 2022 edition of Pub. Apparently, employers have been running into trouble trying to simplify the paper W-4 for their electronic systems. The IRS states that electronic substitutes for Form W-4 aren’t a license to simplify or modify the form.

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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

HDHP telehealth services — The CARES Act, signed into law in 2020 after the pandemic started, temporarily allowed high-deductible health plans to pay for telehealth services before an enrollee had met their deductible. 1, 2022, HDHPs must charge enrollees for telehealth services if they have not yet met their deductible. .

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More Providers Charge for Telemedicine, Phone Visits and Doctor E-Mails

InterWest Insurance Services

Many hospital systems have started billing patients for e-mails they send to their physicians and, depending on the level of out-of-pocket expenses in their plan, they may pay just a few dollars for a copay or up to $100 if they have a high deductible.