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Higher deductibles, premiums and co-pays: Aflac previews healthcare in 2024

Employee Benefit News

Jeri Hawthorne, CHRO at Aflac, breaks down the gap between employer-provided benefits and employees' needs.

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Home Office Tax Deduction for Remote Employees: Everything You Need to Know

Take It Personel-ly

If you recently became an employee who works from home, you might be wondering if you can use your home office as a tax deduction. Figuring out the home office tax deduction for a remote employee can be confusing, but we’re here to help break […]. According to one survey, 41.8% of people say that they work remotely.

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How to Create a Pay Stub for Employees?

HR Lineup

Creating accurate and professional pay stubs is an essential aspect of managing a business. 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 and Taxes 1. Calculate gross wages based on the hourly rate.

Net Pay 246
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What is Hire-to-Retire (HTR)?

HR Lineup

Hire-to-Retire (HTR) refers to the comprehensive employee lifecycle management process that spans from the moment an individual is recruited until they retire or exit the organization. The objective of HTR is to create a seamless experience for employees while optimizing workforce management and enhancing organizational efficiency.

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Are Your Benefits Enough to See Employees Through a Crisis?

InterWest Insurance Services

Of those workers surveyed only half believe they would be able to manage if the household lost an income due to death or illness. But many employers cap life insurance benefits at $50,000 — the maximum figure that allows employers to deduct premiums as a workplace benefit under IRC 7702.

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What is the Labor Management System?

HR Lineup

One critical aspect of achieving these objectives is efficient labor management. Labor management systems (LMS) play a pivotal role in this regard, offering comprehensive solutions to manage workforce activities , schedules, performance, and more. What is a Labor Management System?

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Waiving HDHP Deductibles Has Little Effect on Premiums, Study Says

InterWest Insurance Services

Employers who offer health savings account-eligible high-deductible health plans (HDHPs) to employees can significantly expand pre-deductible coverage for certain drugs used to manage chronic conditions — with only a tiny effect on premiums. no deductible and no coinsurance), the net impact on premiums was an increase of 4.7%.