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Cafeteria plans for health insurance: Understanding Section 125 benefits

Higginbotham

A cafeteria plan for health insurance has a similar premise. Health Insurance and Other Benefit Options Under IRS regulations, all cafeteria plans must also offer a cash option. In a premium-only plan , employees can elect to take their full salary in cash or to use the benefit to pay for group health insurance premiums.

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How to create benefits enrollment experience goals using the S.M.A.R.T. technique

WEX Inc.

But, too often, benefits selection is treated as an annual event instead of an ongoing and evolving journey. Creating a premium benefits experience is a key way companies differentiate themselves in a competitive labor market. Or, perhaps you want to increase the overall number of employees who take advantage of your decision support tool.

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Considerations when choosing a health plan for the first time

WEX Inc.

Whether you’re transitioning from your parents’ insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. For starters, let’s look at a few considerations when evaluating health plans for the first time.

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3 in 4 Workers Would Accept Lower-Pay for Better Benefits: Survey

InterWest Insurance Services

workers would accept a job with a slightly lower salary if it offered better health care and medical coverage. The main driver in workers prioritizing benefits is the rapidly rising cost of group health insurance premiums and out-of-pocket costs, according to the study by Voya Financial.

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How HSAs can transform retirement planning and your common questions

WEX Inc.

And it’s a solution you might already be offering: the health savings account. These accounts provide another way for your employees to diversify their efforts to prepare for retirement. Can small employers who do not offer health insurance to their employees still create/contribute to an HSA for their employees?

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Reconsidering your employee benefits priorities

Health Consultants Group

Whether their families battled the virus or not, they have all endured a life-changing event. Employees still want traditional options such as retirement plans, educational assistance, and health insurance. Accident and Health Benefits . Group-term life insurance . Health Savings Accounts.

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Mid-Year Changes and How it Affects HSA Contribution Limits | BerniePortal

BerniePortal

Changing life events in the middle of the year usually means changes to your health insurance plan. If an employee enrolls in a high-deductible health plan (HDHP) mid-year, how does that affect the amount they can contribute to their health savings account (HSA)?