Remove Family and Medical Leave Act Remove Flexible Spending Account Remove Health Savings Account
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.

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.

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. Healthcare, including mental health, telemedicine services, and wellness. Flexible work options.

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. 2) Timing Matters.

article thumbnail

New COVID relief package extends payroll provisions

Business Management Daily

The new COVID relief package included in the Consolidated Appropriations Act, 2021 (H.R. The key payroll provisions include: An extension of the paid sick/ family leave provisions and your tax credit for providing leave. Relief for health savings accounts and dependent care assistance plans.

article thumbnail

Employee benefits for small businesses

Higginbotham

Health insurance is a key element of any employee benefits package, but small business owners should consider offering other benefits as well. Many workers have family members, often including young children, who depend on their income. Some employers offer paid sick leave, but usually not enough to cover a serious health problem.

article thumbnail

People over perks: Bridging employee benefits with strong HR

Insperity

Add health savings accounts and flexible spending accounts. Provide coverage for mental health care services. Incorporate plans with virtual care solutions (telehealth appointments) to give employees time savings and convenience when seeking care.