PeopleKeep
JUNE 17, 2022
Although benefits costs are impacted by factors like healthcare costs, which are continually rising , a section 125 plan, or cafeteria plan, allows you to boost your employee benefits while staying in-budget with its significant tax savings. Many employers find it challenging to provide a budget-friendly and attractive benefits package.
Flimp Communications
OCTOBER 30, 2024
Their tax advantages and investment potential can help employees reduce healthcare costs, save for retirement, and maximize tax refunds. Both account types are funded with pre-tax contributions, and both can be used to cover healthcare expenses. And yet, that’s not how most employees understand them — if they understand them at all.
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WEX Inc.
SEPTEMBER 7, 2023
Flexible spending accounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. Some individuals may be wary of reducing their take-home pay, especially if they are already on a tight budget. So why are many employees reluctant to participate in FSAs?
HR Digest
FEBRUARY 26, 2025
The tax overtime proposal could significantly make overtime more appealing, potentially encouraging employees to volunteer for extra shifts in demanding fields like healthcare, manufacturing and logistics. HOW IT COULD BENEFIT WORKERS: For employees, this could mean more take-home pay per extra hour.
Employee Benefits
JANUARY 25, 2023
Employees can contribute as much as they wish as long as it does not take their take-home pay below the minimum wage. Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer.
Employee Benefits
JANUARY 20, 2023
It is available from day one of employment for permanent staff and is cost-free due to the tax benefit being paid on their behalf, so as to not impact their take-home pay. The MyHealthcare benefits package was launched as part of the health insurance provider’s global ambition to enhance health benefits for all of its employees.
Employee Benefits
JUNE 7, 2023
“Benefits that can greatly reduce financial burdens and improve financial wellbeing, such as cashback schemes and greater access to financial resources to help budget, can be helpful to stretch take-home pay as much as possible,” she says.
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