Griffin Benefits

DECEMBER 30, 2022

On nearly the eve of its expiration, Congress has extended the ability of high deductible health plans (“HDHPs”) to offer first-dollar telehealth coverage through plan years beginning before January 1, 2025. This will allow participants receiving this coverage to continue to contribute to a health savings account (“HSA") for this purpose.

Deductible 84

Deductible Deductions Health Savings Account Taxes 84

Benefit Resource Inc.

OCTOBER 16, 2018

As kids, there were fun games that helped us make choices… In benefits, we are often presented with a 50 page document and told “Here you go. ” Too bad making your pre-tax benefit account decisions is not as easy as pointing and saying “Eenie meenie miney mo – Which account should I choose?

Health Savings Account 55

Health Savings Account Flexible Spending Account Flexible Spending Medical 55

Benefit Resource Inc.

MARCH 28, 2024

Pre-tax benefits are a powerful tool for saving money and maximizing your income. From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. This includes copayments, deductibles, prescriptions, and more.

Flexible Spending Account 52

Flexible Spending Account 401(k) Health Savings Account Flexible Spending 52

Benefit Resource Inc.

NOVEMBER 15, 2023

This presents a unique set of challenges for employers and HR professionals, who must navigate the delicate balance of providing competitive compensation packages while also addressing the rising costs of living. Health Savings Accounts (HSAs): HSAs provide a pre-tax way for employees to save for medical expenses.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

FEBRUARY 21, 2024

The Health, Wealth, Wellness Triangle has emerged as a framework that acknowledges the interconnectedness of personal health, financial stability, and overall wellness. The Health Component A cornerstone of the Health, Wealth, Wellness Triangle is, unsurprisingly, health itself.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductible Deductions 52

Benefit Resource Inc.

JUNE 29, 2021

Within the pre-tax benefit space, your work is cut out for you as a human resource professional. Now that you’ve explained (again) how insurance works, you get to begin the real work of teaching employees the difference between Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs).

401(k) 78

401(k) Deductible Deductions Flexible Spending Account 78

Benefit Resource Inc.

APRIL 4, 2024

One often-overlooked gem in the world of benefits is the Health Savings Account (HSA). Understanding HSAs HSAs are tax-advantaged savings accounts designed to help individuals save for medical expenses. Tax-Efficient Savings In retirement, healthcare expenses tend to increase.

401(k) 52

401(k) Retirement Plan Benefits Package Deductible 52

WEX Inc.

MAY 8, 2024

From the rising costs of healthcare and benefits packages to retaining and recruiting to helping employees understand their benefits to the ever-changing regulatory landscape, HR teams face many challenges that present obstacles to organizational success. It is not legal or tax advice.

Health Savings Account 52

Health Savings Account Benefits Package Healthcare Voluntary Benefits 52

Business Management Daily

JANUARY 5, 2021

The law also extends expiring tax provisions and everything that could be jammed into 5,593 pages of federal legislation three days before Christmas. The key payroll provisions include: An extension of the paid sick/ family leave provisions and your tax credit for providing leave. Extensions of popular payroll tax provisions.

Family and Medical Leave Act 52

Family and Medical Leave Act Payroll 401(k) Taxes 52

Benefit Resource Inc.

OCTOBER 1, 2020

ROCHESTER , NY, October 1 , 2020 – B enefit Resource , LLC (BRI) today announced the acquisition o f 121 Benefit s , a Minneapolis-based administrator of pre-tax benefits and benefit continuation services. This marks the first acquisition for BRI since its strategic partnership with CIP Capital in August 2019. . “

Flexible Spending Account 45

Flexible Spending Account Health Savings Account Flexible Spending Transportation 45

Benefit Resource Inc.

JULY 9, 2019

However, quitting smoking can present a set of challenges that often result in an extended journey to overcome the addiction. They are also eligible expenses that can be paid for with a pre-tax account like a Health Savings Account (HSA) or Flexible Spending Account (FSA).

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Flexible Spending Medical 40

Hppy

JUNE 7, 2018

Employees worry about making it from paycheck to paycheck and try to live in the present. Employers should also revisit plans with changing health care needs of employees. Health Savings Accounts (HSAs) Offer Financial Reprieve. Address Employee Financial and Retirement Concerns. percent with smaller companies.

Retirement Plan 50

Retirement Plan 401(k) Health Savings Account Education 50

Higginbotham

JUNE 9, 2023

P CORI Fees Due July 31, 2023 The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). for plan years ending on or after Oct.

Deductible 52

Deductible Deductions Health Insurance Taxes 52

Business Management Daily

SEPTEMBER 15, 2021

Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. These allow employees to save for their golden years while enjoying tax benefits now. The employee saves money because this set-aside money is not taxed.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Benefit Resource Inc.

OCTOBER 17, 2019

We will focus on three areas that often present difficulties and how they can be overcome. It addresses this question and provides insights for commuter benefits and other pre-tax plans. This question is most often related to Health Savings Accounts and Health Reimbursement Accounts.

Management 40

Management Deductible Deductions Health Savings Account 40

Corporate Synergies

SEPTEMBER 10, 2018

Costs for medical and pharmacy benefits continue to rise, which means there are adjusted employee contributions to present to an audience who’s unlikely to understand the reasoning behind cost increases. There may be new health & welfare benefits offerings that require employees to pay close attention during the decision-making process.

Health and Welfare 40

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

Genesis HR Solutions

MAY 23, 2023

Hiring Trends In 2023 Below, I present hiring trends across various categories to help you formulate a comprehensive approach that works best for you. Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside. Pay Offering higher pay.

Insurance 40

Insurance PTO Human Resources Flexible Spending 40

Empuls

OCTOBER 11, 2023

As these funds are released in the employees’ hands to be spent on their wellbeing, it’s a great way to show them that the organization cares for employee health and wellness. These taxes can either be grossed up from the organization’s behalf or can be taken care of by the employee. No, that’s not the case.

Healthcare 40

Healthcare Medical Consulting Flexible Spending Account 40

Qandle

AUGUST 26, 2022

Wage and benefit calculations and tax filings may be done mechanically. Facilitated fiscal administration: One of the most time-consuming tasks for human resources workers is tax management. Therefore, OnPay offers electronic tax filing and payment to save administrative burdens. What makes Gusto HR special? Conclusion.

Software 98

Software 401(k) Human Resources Payroll 98

WEX Inc.

AUGUST 22, 2024

It provides personalized calculations so you can learn more about your HSA’s present and future potential. Simply by entering basic information the My HSA Planner calculates your future savings balance, potential retirement balance, and projects how different levels of contributions can make an impact. An HSA and retirement.

401(k) 52

401(k) Health Savings Account Retirement Plan Taxes 52

Griffin Benefits

JUNE 27, 2022

Tax treatment of abortion procedures: Under current federal tax law, medical services must be legal to be eligible for tax-free reimbursement. This is not a recommended approach at the present time. Abortion would most likely be legal where the life of the mother is in danger.

Employment 74

Employment Medical Taxes Health Savings Account 74