InterWest Insurance Services

MARCH 22, 2022

Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis. Since the salary reductions are not received by the employee, they are not considered wages for income tax purposes. Flexible spending account. Set-up and tax implications.

Flexible Spending Account 96

Flexible Spending Account 401(k) Flexible Spending Deductions 96

InterWest Insurance Services

JULY 4, 2024

The plans are typically tied to a health savings account (HSA), which employees can fund with pre-tax dollars to reimburse for health-related expenses. One of the keys to a successful employee benefits program is to ensure that your workers are all choosing a plan that is best for their life situation.

Voluntary Benefits 97

Voluntary Benefits Flexible Spending Account Deductions Deductible 97

HR Digest

MAY 21, 2023

The mandatory benefits form the foundation of all employee benefit packages. Payroll taxes 2. Health insurance Those benefits provide a baseline of employee expectations. Besides these core benefits, there are many perks and fringe benefits a company can offer to round out the benefits package.

Benefits Package 105

Benefits Package 401(k) Employee Benefits Disability Insurance 105

Corporate Synergies

SEPTEMBER 10, 2018

Employers with multiple generations of workers must accommodate a wide range of health and welfare benefits needs. New laws (like the federal tax law) plus evolving regulations around benefits add more to HR’s already full plate. Keep New Benefit Options Simple. The same goes for voluntary benefits: keep them simple.

Health and Welfare 40

Health and Welfare Voluntary Benefits Flexible Spending Account Health Savings Account 40

Higginbotham

JANUARY 27, 2023

Although it may seem easier to boost wages and forget about employee benefits, due to potential tax breaks, offering health insurance can be a financially sound strategy. A benefits package can also boost your company’s bottom line by supporting a healthy workforce. You offer SHOP coverage to all of your full-time employees.

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52

Corporate Synergies

FEBRUARY 11, 2019

Beyond typical medical and prescription drug benefit plans, there are a number of other benefits that can help cover medical care during pregnancy: Short-term disability, which covers maternity leave. A flexible spending account (FSA), which can be used to cover childcare and medical costs tax-free.

Health Insurance 47

Health Insurance Insurance Insurance Carriers Out of Pocket Cost 47