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4 considerations when choosing employee benefits for the first time

WEX Inc.

Exploring HSAs and FSAs HSAs and medical flexible spending accounts (FSAs) let you save money because the funds you contribute to them are pre-tax. Consider the following when evaluating these accounts: Tax benefit: Contributions to HSAs and FSAs are tax-deductible and reimbursements for qualified medical expenses are tax-free.

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Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

Options can include: Health insurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. Flexible spending account. Call us for more information on how you can set up a flexible benefit plan for your staff. Flexible spending accounts.

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16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Flexible Spending Account (FSA). Hospital insurance is health insurance for hospital costs. Life Insurance.

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Importance of Employee Benefit Package And Why it Matters

HR Digest

Health care flexible spending accounts 3. Health insurance 2. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Some top choices trending today include: 1. Matching 401(k) contributions 2. Tuition reimbursement 4. Wellness programs 5.

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Reconsidering your employee benefits priorities

Health Consultants Group

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. Accident and Health Benefits . Adoption Benefits.

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17 Items That Need To Be Included In Your Employee Handbook

Genesis HR Solutions

Health and welfare benefits and insurance Explain your company’s benefits and insurance offerings in detail, touching on all the following areas (if offered): Medical insurance: This type of insurance is likely a no-brainer—it’s one of four major types of benefits most employers offer.

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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. Ditto for bonuses that are based on actual wages paid.

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