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Watch the video to hear more from our own Jason Cook about the retirement-planning potential of an HSA. Exploring HSAs and FSAs HSAs and medical flexiblespending accounts (FSAs) let you save money because the funds you contribute to them are pre-tax. Funds you or your employer contribute to your HSA can help with this.
Standard” benefits may include: Health, dental and vision insuranceRetirement savings plan, with a company match Lifeinsurance Disability insurance Workers’ compensation insurance Paid time off (PTO) – two weeks per year at a minimum, three weeks per year preferred.
PES Benefits provides a comprehensive suite of employee benefits, covering various areas such as health and wellness, retirementplanning, and financial security. Retirementplanning is another crucial aspect of PES Benefits’ offerings.
They offer a wide range of services, including group health insurance, dental and vision coverage, lifeinsurance, short- and long-term disability insurance, flexiblespending accounts, and more. These services help employees build a solid financial foundation and feel more secure about their future.
There are four major types of employee benefits many employers offer: medical insurance, lifeinsurance, disability insurance, and retirementplans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. LifeInsurance.
Health care flexiblespending accounts 3. Health insurance 2. Pension or retirement savings plan 3. Dental or vision insurance 4. Considering health care and lifeinsurance 5. Retiree health insurance 6. RetirementPlans Employers usually offer retirementplans.
Flexible work options. Employees still want traditional options such as retirementplans, educational assistance, and health insurance. However, by implementing a Cafeteria Plan, you can also allow employees to select the additional benefits they prefer. . Cafeteria Plan benefits often include.
You might plan for retirement by contributing to a 401k plan. Take out a lifeinsurance policy for added peace of mind. There are any number of employee benefits you can take advantage of which either contribute to your financial security or provide you more time to enjoy the little things in life. .”
Watch the video to hear more from our own Jason Cook about the retirement-planning potential of an HSA. Exploring HSAs and FSAs HSAs and medical flexiblespending accounts (FSAs) let you save money because the funds you contribute to them are pre-tax. Funds you or your employer contribute to your HSA can help with this.
Benefits: This category encompasses a wide range of benefits, such as: Health insurance (medical, dental, vision) Retirementplans (401(k), pension) Lifeinsurance Disability insurance Paid time off (vacation, sick leave, personal days) Flexiblespending accounts (FSA) Employee assistance programs (EAP) Perks: These are additional non-monetary benefits (..)
Disability Insurance and LifeInsurance. Health insurance is a key element of any employee benefits package, but small business owners should consider offering other benefits as well. Lifeinsurance is a popular choice. Disability insurance is another popular option. RetirementPlans.
Some health and lifeinsuranceplans and retirementplans require companies to report enrollment figures and balances at the end of the year. In 2018, the cap for employee contributions to health care flexiblespending accounts will increase to $2,650 , according to the Society for Human Resource Management.
Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. To confirm your company’s legal obligations for these types of insurance, check the laws in your particular state.
Organizations also frequently provide employees with free or low-cost lifeinsurance. Retirementplans. While salary is usually considered the star of compensation packages, employees also realize retirementplans contribute to their overall financial well-being. Generous parental leave policies.
Insurance types: Medical, dental, vision, disability, and lifeinsuranceplans. Tax-preferred plans: Health flexiblespending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. 401(k) and retirementplans. Common Employee Benefits.
For instance, contributions to health insurance premiums and retirementplans can be tax-deductible for employers, while employees may receive these benefits tax-free. Consider supplemental insurance for critical illnesses or accidents. Ideas: Offer basic lifeinsurance coverage as a standard benefit.
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