Benefit Resource Inc.

OCTOBER 16, 2018

As kids, there were fun games that helped us make choices… In benefits, we are often presented with a 50 page document and told “Here you go. A Medical Flexible Spending Account (Medical FSA) allows you to use tax-free money to pay for your family’s medical expenses. By the way, Open Enrollment closes on Friday.

Health Savings Account 55

Health Savings Account Flexible Spending Account Flexible Spending Medical 55

Benefit Resource Inc.

AUGUST 8, 2019

In this case, COBRA can be the path of least resistance and presents an easy gap coverage option. In this scenario, you may want to spend the extra time to research alternative coverage options through an exchange or directly through an insurance carrier. What access to doctors exist with alternative plans?

Insurance Carriers 51

Insurance Carriers Flexible Spending Account Medical Flexible Spending 51

Business Management Daily

JANUARY 5, 2021

Congress has put to rest the controversy regarding whether expenses associated with loans forgiven under the Paycheck Protection Program are deductible on your corporate return. Expanded meal deduction. 31, 2022, you may deduct 100% of employees’ substantiated meal costs, instead of the normal 50%. FSA/DCAP deferrals.

Family and Medical Leave Act 52

Family and Medical Leave Act Payroll 401(k) Taxes 52

Benefit Resource Inc.

OCTOBER 23, 2018

You are presented with three statements- two are true and one is a lie. You can deposit money via payroll deductions into an HRA. Those Flexible Spending Accounts are pesky (we say that affectionately as an administrator) because they require you to have a life event before making any changes to your election.

Taxes 45

Taxes Flexible Spending Account Flexible Spending Deductible 45

Business Management Daily

SEPTEMBER 15, 2021

Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. Medical plans with no or low-cost deductibles. Employers also may want to explore benefit plan additions such as: Flexible Spending Accounts. Health Savings Accounts.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Benefit Resource Inc.

OCTOBER 17, 2019

We will focus on three areas that often present difficulties and how they can be overcome. Plan funding vs deductions. When will you fund the plan vs. when will you take deductions from employees? There are many components to successful plan management. Non-discrimination. Timeline for employer funding.

Management 40

Management Deductible Deductions Health Savings Account 40

Vantage Circle

NOVEMBER 23, 2023

In this, employees can elect to have a portion of their earnings automatically deducted from their paychecks and directed into their investment account. Modern digital tools and collaborative platforms, such as Slack, Microsoft Teams, and Airtable, have streamlined the implementation of these flexible options for numerous organizations.

Family and Medical Leave Act 65

Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 65

Genesis HR Solutions

MAY 23, 2023

Hiring Trends In 2023 Below, I present hiring trends across various categories to help you formulate a comprehensive approach that works best for you. Using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other expenses can lower overall health care costs. Pay Offering higher pay.

Insurance 40

Insurance PTO Human Resources Flexible Spending 40

Benefits Notes

MARCH 31, 2021

Health care flexible spending accounts are not subject to the ARPA provisions. The credit is fully deductible and, in anticipation of the credit, the credit may also be advanced, according to forms and instructions provided by federal agencies, through the end of the most recent payroll period in the quarter.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Taxes Pension 40