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Exceptions are made for qualifying life events, such as the birth or adoption of a child. Open enrollment is your big chance to showcase your employer-sponsored health insurance. How does a flexiblespendingaccount work? Or theme the communication around special events, such as heart month in February.
The good news: There’s help out there – it’s called a professionalemployerorganization (PEO). These organizations can work with your company to provide comprehensive and affordable payroll, benefits and human resource services through a business-to-business relationship called “co-employment.
This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexiblespendingaccounts, retirement plans and more. Promote the money-saving value of a flexiblespendingaccount. Life can happen in an instant.
Tax-preferred plans: Health flexiblespendingaccounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. Sometimes benefits are paid for wholly by employers; other times they are paid for by employees, and sometimes the expenses are shared. Considering a PEO?
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For example, some employers are adopting health plans that cover, or at least provide some reimbursement for, reproductive health. Add health savings accounts and flexiblespendingaccounts. Child and elder care assistance (flexiblespendingaccounts or company reimbursements to cover these costs).
At the end of this article, we’ll explain how a professionalemployerorganization (PEO) can help you select, negotiate, and administer best possible benefits for your company. There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans.
These benefits offer employees a great deal of peace of mind: Life insurance , provides a set payment to the employee’s beneficiaries in the event of their death. Employees appreciate employers who take the extra step of openly demonstrating care for their wellbeing. Having such a program may set your company apart in the job market.
FlexibleSpendingAccounts (FSAs) & Health Savings Accounts (HSAs/HRAs): Smart Tax-Saving Tools These accounts help employees set aside pre-tax money for healthcare expenses, reducing their financial burden. Offer employer contributions to HSAs to further incentivize participation.
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