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HSA: Offering Employees With More Health Care Options
As of 2010, the industry estimates that more than $10 billion in employee contributions had made their way into Health Savings Accounts, or HSAs. Started in 2003, this type of health benefit was designed to assist participants in saving up funds that will be used to cover health expenses of themselves and their dependents.
What Employers Should Know About the Utah Health Exchange
In 2005, the state of Utah recognized the need for reforms in the health care industry, and began to make sweeping changes in the state’s health-care system. In 2008 the critical legislation HB 133 was passed forming what is now known as the Utah Health Exchange.
Employers without a Section 125 Plan Miss Out On HUGE TAX Benefits
If you still haven’t augmented your company’s benefits program with a Section 125 Premium-Only Plan, you are missing out on substantial cost savings – and so are your employees.
Employers: Improve Your Benefits Or Lose Your Top Workers
The jobs report released on April 1st was no joke. Employment statistics have never been better. The U.S. economy added over 200,000 jobs, and the unemployment rate dipped to 8.8 percent. Since 2009, that figure has never gone down beyond the 9 to 10 percent range. If this is not a sign that the economy is on its way up, then I don’t know what is. While this is of course very welcome news for all businesses, including yours, it also means that your top talent now has the best opportunity in years to look at other options for employment.
Does Your Company Deduct Premiums Pre-Tax Through A Section 125 POP?
IRS Rules govern Section 125 POP Plans, also called cafeteria plans. While these provide your employees access to great benefits, and can provide your company with payroll tax savings, it’s important to stay in compliance with the rules. Your company must have a written document that includes current language and must be updated regularly as legislation is changed. If the IRS finds your plan to be out of compliance, the entire plan could be invalidated, negating all of those tax savings.
The Massachusetts Health Connector and Your Employees
Aiming to provide affordable health insurance to its residents, leaders of the state of Massachusetts took the first proactive step towards health care. And this is how the Massachusetts Health Connector started.
