While health care plans provide your employees with coverage for medical, dental and vision expenses, out of pocket charges and child care costs pose a different challenge. But a Flexible Spending Account (FSA) funded by pre-tax contributions offers a solution.
Everyone knows about Health Savings Accounts (HSA), right? While HSAs have been around since 2003, some employees may not be fully aware of what they can gain by opening an account beyond tax-free funding and employer contributions.
As a virtual open enrollment seems highly likely this year, employers need a full range of tools and resources that have been adapted specifically for this purpose.
While employees have a variety of tax-advantaged accounts to choose from to help them prepare for their retirement, how do these different plans stack up?
As a virtual open enrollment seems highly likely this year, employers need a full range of tools and resources that have been adapted specifically for this purpose.
With more and more employees looking for less stressful and healthier ways of getting to work, companies are exploring Commuter Benefits programs, which encourage better commuting habits while allowing employees to put aside pre-tax dollars to pay for commuting expenses.
As you are putting together your employee benefits package, it’s important to consider the pre-tax benefits of Health Savings Accounts, Flexible Savings Accounts, Health Reimbursement Arrangements and Commuter Benefits, and make sure to include these offerings as part of your package.
Open enrollment typically presents multiple challenges for employers, but with the prospect of a major shift toward virtual open enrollment, how can you prepare for this in the most effective way possible?