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4 considerations when choosing employee benefits for the first time

WEX Inc.

Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement. Funds you or your employer contribute to your HSA can help with this.

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Reconsidering your employee benefits priorities

Health Consultants Group

Accident and Health Benefits . Group-term life insurance . Health Savings Accounts. Flexible Spending Accounts: funded by salary reduction. IRS guidelines restrict certain spending account benefits to maximum annual amounts. Cafeteria Plan benefits often include.

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Leap year! How to handle 27 biweekly payrolls in 2020

Business Management Daily

Best practice: List all benefits and deductions to determine whether they’re impacted: Medical, dental, life, vision, group-term life insurance, long-term disability, dependent care, flexible spending accounts and health savings accounts.

Payroll 83
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4 considerations when choosing employee benefits for the first time

WEX Inc.

Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement. Funds you or your employer contribute to your HSA can help with this.

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Open enrollment checklist for employers

Business Management Daily

HSA benefit plans: A health savings account lets employees set aside money on a pre-tax basis to pay for qualified medical expenses. HSA funds can be used for prescription drugs, deductibles, copayments, and other covered health costs. The IRS sets annual HSA contribution limits. Make any necessary additions.

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Employee benefits for small businesses

Higginbotham

Disability Insurance and Life Insurance. Health insurance is a key element of any employee benefits package, but small business owners should consider offering other benefits as well. Life insurance is a popular choice. Disability insurance is another popular option.

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Executive benefit reimbursement plans

Higginbotham

A health reimbursement plan gives employers a way to cover these costs. HRAs may sound like Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs), but there are key differences. Comparing HRAs, HSAs and FSAs. HRAs: According to the IRS, only employers are allowed to contribute to HRAs.