Remove Events Remove Family and Medical Leave Act Remove Flexible Spending Account
article thumbnail

Your 2025 benefits compliance checklist: What you need to know

WEX Inc.

ACA reporting deadlines The Affordable Care Act (ACA) mandates that employers file reports annually with the IRS and distribute 1095-C forms to employees. The IRS requires this testing for Section 125 plans, HRAs, FSAs, and self-insured medical plans. Missing these deadlines can lead to significant financial penalties.

article thumbnail

Cafeteria plans for health insurance: Understanding Section 125 benefits

Higginbotham

This gives eligible employees even greater flexibility for how they use their benefits. This gives eligible employees even greater flexibility for how they use their benefits. Employers can also offer Health Savings Accounts (HSAs) as part of a cafeteria plan.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reconsidering your employee benefits priorities

Health Consultants Group

Whether their families battled the virus or not, they have all endured a life-changing event. After a year of unprecedented medical and personal experiences, employees can easily detect holes in their benefits plans. Family-Friendly Benefits: sick leave, time off to care for children and adult family members, paid foster care.

article thumbnail

3 top HR tech tools no company should be without

Insperity

The Affordable Care Act folds in an additional layer of complexity. If you employed an average of 50 or more full-time (or full-time equivalent) employees in the prior calendar year, you could be subject to an IRS penalty if you don’t offer medical coverage to your full-time employees. That’s just the tip of the benefits iceberg.

article thumbnail

6 Things Employees Should Understand About COBRA Coverage

Benefit Resource Inc.

The Consolidated Omnibus Budget Reconciliation Act (COBRA) protects workers who lose their health benefits. Since 1985, COBRA, has given workers (and their families) the right to choose to continue health benefits provided by their group health plan for limited periods of time. COBRA is not a take it or leave it program.

article thumbnail

People over perks: Bridging employee benefits with strong HR

Insperity

Add health savings accounts and flexible spending accounts. Additionally, consider providing bereavement leave for the death of a close loved one to support employees’ mental health and wellbeing. Evaluate opportunities to lower employees’ out-of-pocket burdens. Provide coverage for mental health care services.

article thumbnail

Maximizing FSA Utilization: Why Communication from HR Is Key

Flimp Communications

As year-end draws closer, countless employees unknowingly leave money on the tablemoney theyve set aside for healthcare through their Flexible Spending Accounts (FSAs). These mini-microsites are designed to simplify communication of key ways to take advantage of benefits, and remind employees to act before the deadline.