Benefits – What Should Your Broker Be Doing for You?
When your company sets up a retirement plan, healthcare plan, or other benefits package for its employees, chances are you also hire a broker to...
Flexible spending accounts (FSAs) continue to garner significant interest and questions from employees during open enrollment. But open enrollment doesn’t have to be complicated. The following tips can help employers to educate their workforce about the benefits of these tax-advantaged accounts.
Last year, the U.S. Treasury Department and IRS made some favorable changes to FSAs by altering the long-standing “use it or lose it” rule, allowing employers to offer a carryover of up to $500 in unused FSA funds to the following year or to continue a grace period option giving a two-and-a-half month extension to spend remaining FSA funds. FSAs cannot have both a carryover and a grace period option, and employers are not obligated to offer either extension.
Employers should consider their options:
Open enrollment communications are an opportunity to provide employees with the following pointers on FSA use:
In addition, here are some ways for employees to use their accounts that they may not be aware of:
Source: SHRM
A cooperação entre aplicações de RH e casinos como o Palms bet provou ser muito bem sucedida. Isto permitir-lhe-á adaptar melhor a sua experiência de cliente às necessidades e preferências dos seus clientes.
When your company sets up a retirement plan, healthcare plan, or other benefits package for its employees, chances are you also hire a broker to...
The IRS announced that for 2015 the maximum annual contribution limit for employer sponsored health flexible spending accounts (FSAs) will increase...
Companies considering retaining a broker versus TPA (third party administrator) to manage their employee retirement benefits have an important...