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Employee benefits have become an essential part of any competitive compensation package. From mandated healthinsurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. Healthinsurance Those benefits provide a baseline of employee expectations.
The average employer covers 78% of their employees’ healthinsurance premiums, up from 74% in 2022. Participation in HSAs and flexiblespendingaccounts fell 20% from 2022 to 2024, indicating that employers are not doing enough to educate their staff about these tax-advantaged accounts.
Options can include: Healthinsurance, Voluntarybenefits premiums (like vision and dental), Life insurance, 401(k), and. Flexiblespendingaccount. Call us for more information on how you can set up a flexiblebenefit plan for your staff. Flexiblespendingaccounts.
A new father outlines requirements with his Baby HealthInsurance Playbook. The same can be said for insuring a new dependent. To plan for newborn healthcare benefits, parents need a baby healthinsurance playbook. The Baby HealthInsurance Playbook isn’t really a book. As Seen In.
Provide employees with easily understandable materials that explain their benefit options, including healthinsurance, retirement plans, and any other perks. Offer Choice and Flexibility Employees value choice and flexibility. Provide a range of benefit options to cater to different needs and preferences.
It’s been a wild year for healthinsurance reform. While the Affordable Care Act has a small direct effect on employer-sponsored healthinsurance, chances are your employees are feeling uncertain about their coverage, and they’ll be coming to you for answers. HealthInsurance Is King.
USI’s employee benefits offerings are designed to meet the needs of a diverse workforce and support employers in creating a supportive and healthy work environment. USI’s benefits offerings include a comprehensive suite of healthinsurance options, including medical, dental, and vision insurance.
It’s almost time for group healthinsurance open enrollment and your top priority should be to drive participation by helping your employees make informed decisions about their options. It’s a balancing act, since each employee has different needs. You should use a variety of different media to communicate with them.
They want to be fairly compensated for their work, and that usually involves both wages and employee benefits. Although some small business owners may feel overwhelmed by the prospect of offering healthinsurance and other benefits, the many advantages can make the effort worthwhile. Healthinsurance matters to employees.
Flexiblespendingaccounts (FSAs) allow your employees to use pre-tax dollars to cover eligible out-of-pocket healthcare expenses, providing a tax-efficient way to manage medical costs. Check out our other compliance blog posts on HSAs , HRAs , LSAs , and voluntarybenefits.
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