Remove Flexible Spending Remove Life Insurance Remove Transportation
article thumbnail

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. HRAs provide an extra layer of financial support for medical needs beyond insurance coverage. Funds you or your employer contribute to your HSA can help with this.

article thumbnail

Total Compensation Statement Template: A Powerful Tool for Employers

COMPackage

Benefits: This category encompasses a wide range of benefits, such as: Health insurance (medical, dental, vision) Retirement plans (401(k), pension) Life insurance Disability insurance Paid time off (vacation, sick leave, personal days) Flexible spending accounts (FSA) Employee assistance programs (EAP) Perks: These are additional non-monetary benefits (..)

401(k) 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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. HRAs provide an extra layer of financial support for medical needs beyond insurance coverage. Funds you or your employer contribute to your HSA can help with this.

article thumbnail

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.

401(k) 98
article thumbnail

Identifying the “Perks” on National Employee Benefits Day

Benefit Resource Inc.

Don’t forget about Specialty Accounts (Lifestyle Accounts) !

article thumbnail

What employees expect from benefits packages

Business Management Daily

Organizations also frequently provide employees with free or low-cost life insurance. Employers also may want to explore benefit plan additions such as: Flexible Spending Accounts. Flexible employee schedules/work-from-home options. Complimentary emergency childcare services through a contracted provider.

article thumbnail

Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. How much of an employee’s salary is made up of benefits. Common Employee Benefits.