article thumbnail

People over perks: Bridging employee benefits with strong HR

Insperity

For example, some employers are adopting health plans that cover, or at least provide some reimbursement for, reproductive health. Add health savings accounts and flexible spending accounts. Provide coverage for mental health care services. A PEO, however, can ease much of the stress.

article thumbnail

16+ types of employee benefits you should consider

Genesis HR Solutions

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans.

401(k) 98
Insiders

Sign Up for our Newsletter

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

article thumbnail

31 HR Acronyms Explained

Genesis HR Solutions

1099: A form that reports income from self employment earnings, interest and dividends, government payments, and more. IRS ) W-4: A form used by employers to withhold the proper amount of federal income tax from employees’ paychecks. ( This cheat sheet explains several common human resource acronyms.

article thumbnail

5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

However, some businesses offset this cost to their employees by contributing money to health savings accounts. Find out more about what a PEO can do for you in our free e-book, HR Outsourcing: A Step-by-Step Guide to Professional Employer Organizations (PEOs).

Banking 52
article thumbnail

How to find the best PEO for small businesses: 5 Non-Negotiables

Genesis HR Solutions

It must be a Certified Professional Employment Organization (CPEO). As of 2017, professional employment organizations are eligible to become certified through the IRS (thus Certified PEOs). We also offer the following: Group Health, Dental, and Vision. Health Savings Account.

401(k) 40
article thumbnail

Don’t Let Rising Health Care Costs Sink Your Business

Insperity

When aiming to reduce a business’ health care costs, it’s helpful to understand the basics of some of the most popular savings account options: HSAs (Health Savings Accounts): Employers are now offering HSAs as a side benefit to high-deductible plans. Business Basics.

article thumbnail

How to Choose a Health Care Plan

Insperity

Some employers send out surveys to their employees to get more insight on what they want included in the company’s health care plan. If your staff is mostly made up of young, healthy adults who only see the doctor when they’re sick, their need for health insurance may be low.