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Cafeteria plans for health insurance: Understanding Section 125 benefits

Higginbotham

Employees typically make contributions under salary reduction agreements that allow them to contribute a portion of their salary on a pre-tax basis. This gives eligible employees even greater flexibility for how they use their benefits. See the IRS Introduction to Cafeteria Plans for more details.

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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.

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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. 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.

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How to Be Smart About FSA Spending

Benefit Resource Inc.

We think it’s pretty obvious, but we LOVE Flexible Spending Accounts (FSAs). With roughly 160 Flexible Spending Account (FSA)-related blogs on our site concentrating on eligibility, spending options, plan strategy, savings, and more…we cover it all! Make doctor’s appointments now for you and your family.

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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 law also extends expiring tax provisions and everything that could be jammed into 5,593 pages of federal legislation three days before Christmas. Extensions of popular payroll tax provisions. Temporary disaster tax relief.

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10 steps to maintain end-of-year payroll compliance

Business Management Daily

Some payroll tax compliance items are completed quarterly, or more frequently throughout the year. While you need to have the W-4 form with the withholding selections from employees in order to pay them properly, W-9s are mostly used for year-end reporting, as taxes are not taken out from their checks.

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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. Benefits that boost lifestyle health Today’s employees prioritize flexibility so they can have a healthy work-life balance.