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HDHP vs. PPO: Choose the health plan that’s right for you

WEX Inc.

Nearly two-thirds of large employers provide their employees with the choice of a high-deductible health plan (HDHP) and a traditional health plan, such as a preferred provider organization (PPO), during open enrollment. The IRS sets deductible limits that determine what is an HDHP. But there are high-deductible PPOs, as well.

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Financial and Lifestyle Insights- Part 3

Money Talk

Make Tax-Advantaged Gifts - Consider “bunching” charitable donations with other tax deductions (e.g., high income years) to exceed the standard deduction and benefit from itemizing. from a pension or annuity) is associated with increased financial satisfaction vs. simply having a lump sum to manage.

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Election year impact: What’s next for employee benefits?

WEX Inc.

One intriguing possibility is that lower drug prices could lead to a shift in how employees use tax-advantaged benefits like HSAs and flexible spending accounts (FSAs). Republican approach: Emphasizes the efficiency of private markets and the use of HSAs to manage out-of-pocket costs.

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Proliant

HR Lineup

Proliant is a leading provider of comprehensive human capital management (HCM) solutions designed to streamline and automate workforce management processes for businesses of all sizes. The platform automates the entire payroll process, from calculating earnings and deductions to generating pay stubs and tax forms.

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What are The Pre-Payroll activities? A detailed overview

Qandle

Time and Attendance Management: If your organization tracks employee hours worked, you need to gather time and attendance records. Leave Management: If your organization has a leave management system, you need to collect information about employee leaves, including vacation days, sick leave, personal time off, and any other types of leaves.

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Importance of Educating Gen Z Workers on Benefits

InterWest Insurance Services

Keep in mind that the ritual of choosing a benefits package is a brand-new experience for people who are new to the workforce, and you should prepare to educate new employees on how to effectively choose and use their new coverages, as well as all the details like premiums, deductibles and out-of-pocket expenses. Most students in the U.S.

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Celebrating 20 Years of Health Savings Accounts

Benefit Resource Inc.

The idea was to combine a high-deductible health plan (HDHP) with a tax-advantaged savings account, allowing individuals to set aside pre-tax dollars for qualified medical expenses. Contributions are tax-deductible, earnings grow tax-free, and withdrawals for qualified medical expenses are also tax-free.