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Top 10 Employee Benefits Certifications for Professionals in 2024

HR Lineup

Certified Compensation Professional (CCP®) The CCP® certification, also from WorldatWork, specializes in compensation but covers a critical aspect of employee benefits — pay structures, salary planning, and compensation strategy. Best For: HR professionals, benefits administrators, and insurance agents who handle health insurance plans.

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IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans

McDermott Will & Emery Employee Benefits

On October 18, 2022, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans (see Rev. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

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New HSA, FSA, 401(k) Contribution Levels Set

InterWest Insurance Services

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. The takeaway.

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Gen Z Workers Go for HDHPs, but Don’t Forget Your Other Employees

InterWest Insurance Services

Study findings The trend of more Gen Z workers gravitating to HDHPs makes sense, since these plans are best suited for younger individuals who are generally healthier and have fewer health problems than their older counterparts — Gen Xers and Baby Boomers. Across generations, higher-salaried individuals choose HDHPs over traditional plans.

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Health Expenses a Major Source of Mental Health Issues for U.S. Workers

InterWest Insurance Services

Only those that reported more than $10,000 in savings reported low levels of mental health issues. That highlights the need for employees to set aside funds for health care expenses through health savings accounts, flexible spending accounts and health reimbursement accounts.

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Leap year! How to handle 27 biweekly payrolls in 2020

Business Management Daily

Only exempts and salaried nonexempts feel the full brunt of the 27th/53rd pay period phenomenon, because they’re paid annual salaries. You have three choices for your exempts and salaried nonexempts, but no choice is trouble-free. For the year the extra pay period occurs, divide employees’ salary by 53 or 27. Do nothing.

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Reconsidering your employee benefits priorities

Health Consultants Group

Accident and Health Benefits . 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. Adoption Benefits. Dependent Care .