Employee Benefits

MAY 22, 2023

It traditionally involved full medical underwriting or a moratorium, meaning it can cover pre-existing conditions, unlike other types of healthcare plans. PMI can help employees regain their health, and their earning power, quickly, to the benefit of both them and their employer. Are there any tax or legal implications?

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Best Money Moves

MARCH 11, 2024

To evolve your benefits strategy, you need to understand what will help your employees the most. Here are the best benefits in 2024 based on input from real workers. Affordable healthcare Healthcare costs are a major concern for employees, especially for those who earn lower wages.

Retirement Plan 105

Retirement Plan Healthcare Healthcare Benefits Parental Leave 105

WEX Inc.

JUNE 5, 2023

If you’re a small business owner, the qualified small employer health reimbursement arrangement (QSEHRA) might be the benefits plan you’re looking for. Offering a QSEHRA lets you deliver healthcare savings for your employees, which could pay off as a retention and recruitment tool as you grow your business. What is a QSEHRA?

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Health Insurance Healthcare Taxes Insurance 94

UMB: Emplooyee Benefits

JUNE 28, 2022

Along with healthcare benefits, tax-advantaged spending and savings accounts and post-tax lifestyle accounts are key components of a top-tier benefits package. The post Benefit accounts can help you attract and retain top talent appeared first on Financial insights for individuals and businesses.

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Healthcare Benefits Benefits Package Healthcare Taxes 52

Benefit Resource Inc.

FEBRUARY 23, 2021

It will pay your healthcare provider for the services they provide to you, assuming the service is eligible to be covered and your cost-sharing responsibilities are met. Review and process claims to identify fraud, waste, and billing mistakes from healthcare providers. Pre-tax claims. Let’s break it down.

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Insperity

SEPTEMBER 14, 2021

The internet abounds with stories of PEOs increasing rates without warning or going out of business without paying employees or payroll taxes. CPA-affirmed documentation that they remit employment taxes in a timely manner. Background reports of their individuals responsible for employment tax payments.

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Professional Employer Organization Employment Insurance Taxes 92

Benefit Resource Inc.

FEBRUARY 7, 2024

Beyond being a traditional healthcare benefit, HSAs provide a win-win situation for both employers and employees. Understanding HSAs Health Savings Accounts are tax-advantaged savings accounts designed to help individuals and families with high-deductible health plans (HDHPs) cover medical expenses.

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PeopleKeep

OCTOBER 29, 2021

An HDHP combined with an HSA gives you traditional health insurance with triple tax advantages, which helps you save for future medical expenses and provides greater flexibility and customization over how you use your healthcare benefits. One way is to offer a health savings account (HSA) alongside the HDHP.

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Out of Pocket Cost Health Savings Account Health Insurance Deductions 52

Benefit Resource Inc.

FEBRUARY 21, 2024

Healthy employees are not only happier and more productive but also contribute to lower healthcare costs for both themselves and their employers. HSAs enable employees to save pre-tax dollars for qualified medical expenses, including deductibles, copayments, and other out-of-pocket costs.

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Health Savings Account Out of Pocket Cost Deductions Deductible 52

WEX Inc.

JULY 1, 2023

Individual Coverage Health Reimbursement Arrangements (ICHRAs) were rolled out prior to COVID-19 striking the United States, but the demand for this new product is expected to skyrocket, as more and more employers look for ways to bring stability to their healthcare costs. Here’s a primer on this promising healthcare benefits alternative.

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Health Insurance Healthcare Taxes Insurance 52

Best Money Moves

OCTOBER 22, 2024

Healthcare costs and employee financial burnout Many workers face especially high anxiety over healthcare costs. Younger generations are particularly vulnerable, with 72% unable to afford $1,000 in out-of-pocket healthcare costs. While 79% of employers think their teams understand healthcare costs, only 48% of employees agree.

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Corporate Synergies

FEBRUARY 11, 2019

To plan for newborn healthcare benefits, parents need a baby health insurance playbook. Employees are increasingly responsible for making important decisions about their healthcare and carrying the financial burden. A flexible spending account (FSA), which can be used to cover childcare and medical costs tax-free.

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Health Insurance Insurance Insurance Carriers Out of Pocket Cost 47

PeopleStrategy

SEPTEMBER 24, 2019

PeopleStrategy understands the need for today’s employers to go beyond traditional medical benefits to remain competitive in the war for talent.” A full-service broker, PeopleStrategy works with clients to identify competitive benefits packages to meet the needs of employees, their families and the company’s financial obligations.

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Benefits Package Comprehensive Benefits Healthcare Medical 8

Genesis HR Solutions

DECEMBER 2, 2021

PEO clients gain access to large group benefits that are usually available only to bigger companies. For example, small and medium-sized GenesisHR clients have access to healthcare benefits offered by Blue Cross Blue Shield of Massachusetts, including several plan options. Benefits reconciliation. Unemployment.

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401(k) Human Resources Retirement Plan Healthcare Benefits 52

Empuls

FEBRUARY 26, 2024

Corporate wellness programs will impact physical wellbeing  Beyond traditional healthcare benefits, employers are increasingly recognizing the need to invest in comprehensive corporate wellness programs. Rising healthcare costs, coupled with the complexities of insurance plans, can be a source of significant stress. 

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PeopleStrategy

APRIL 2, 2024

Because they’re self-employed, they are taxed differently. Addressing Other Related Issues and Concerns Manage Benefits With more workers being classified as employees, HR departments will need to adjust benefit offerings accordingly. And many kinds of independent contractors, including painters, mechanics, veterinarians, etc.,

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Vantage Circle

SEPTEMBER 8, 2021

They ensure the company's compliance with tax law and other regulations. A compensation plan will impact many policies related to payroll, fringe benefits, and other pay-related matters. For example, companies often have policies for paid holidays, healthcare benefits, payroll administration, and company-issued pay advances.

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Qandle

SEPTEMBER 20, 2023

Payroll taxes are a crucial aspect of every employer’s financial responsibilities. These taxes are collected to fund various government programs and benefits, including Social Security, Medicare, and unemployment insurance. These withheld taxes are then remitted to the Internal Revenue Service (IRS) on a regular basis.

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Vantage Circle

NOVEMBER 23, 2023

The organization also equips your HR team with powerful analytics and reporting tools, facilitating efficient benefit management and offering valuable insights into employee engagement. This addresses a fundamental need in a country where healthcare costs can be staggering.

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Business Management Daily

JANUARY 15, 2025

Compliance with labor laws As mentioned before, FTE calculations play a significant role in qualifying for tax credits through the Affordable Care Act. Also, the ACA requires employers with 50 more FTEs (the 30-hour FTEs) to provide healthcare benefits in line with ACA standards.

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