Childcare can be an employee’s most expensive work-related expense. Fortunately, there is a benefit program you can offer that will at least provide tax relief to employees who use daycare providers. The program is the Dependent Care Assistance Program (DCAP). If you can’t offer a DCAP, employees also can use the Dependent Care Tax Credit...
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Ten Ways Employees Benefit from Using Employer Health Benefit Portals
It’s not enough to give your employees the right health plan if they don’t understand it. An online employee portal or self-service site can help — if employees are motivated to use it. You put a lot of time, effort and money into choosing and purchasing the right health benefit plans for your employees. However,...
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Trends in Workplace Benefits in 2017
As more employers face increasing health insurance costs, many are looking at their total benefit package to find the best benefits to invest their dollars in. Recent years have brought an arms race to employee perks such as free meals and vacation benefits,” wrote Jena McGregor in her Los Angeles Times article, What to expect...
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Private Exchanges Offer Brokers Ways to Help Employers Navigate Changes
At a time when changing healthcare legislation is creating uncertainty for businesses, private exchanges can help employers stay financially afloat in the choppy seas of benefit changes. Private exchanges—online marketplaces where businesses and people can buy health insurance—are growing rapidly in popularity, a new survey found. The Aflac Healthcare 2015 survey found 86 percent of...
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What Is a Flexible Spending Account?
As employers cut back on benefits or require employees to contribute more, establishing a flexible spending account (FSA) gives employees a valuable benefit at little cost to the employer. A flexible spending account (FSA) is a tax-favored program offered by employers that allows their employees to pay for eligible out-of-pocket medical and dependent care expenses...
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How Medicare Works with Your Medical Benefits
Due to longer life spans, higher medical costs and recession-impacted savings, the percentage of Americans staying in the workforce past age 65 is increasing. How does this affect your medical benefit plans? According to U.S. Census Bureau projections, the percentage of Americans age 65 and older will increase by more than 67 percent between 2015...
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How Medicare Works with Your Medical Benefits
Due to longer life spans, higher medical costs and recession-impacted savings, the percentage of Americans staying in the workforce past age 65 is increasing. How does this affect your medical benefit plans? According to U.S. Census Bureau projections, the percentage of Americans age 65 and older will increase by more than 67 percent between 2015...
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Can Financial Education Improve Productivity?
Many studies have shown a link between increased levels of stress and increased incidence of certain diseases and health problems. [/caption]If you’re considering wellness programs to improve employee health and productivity, don’t overlook the importance of financial health! According to an American Psychological Association (APA) poll released recently, the majority of Americans feel financial stress....
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How to Protect Your Employees from the Most Common Property Crime
An estimated 17.6 million persons, or about 7 percent of U.S. residents age 16 or older, were victims of at least one incident of identity theft in 2014, the Bureau of Justice Statistics (BJS) announced recently. That makes identity theft the most common property crime. Identity theft is the attempted or successful misuse of an...
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