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There are several different tax-favored health plans available in the US. Your employer may choose to offer one as part of your employee health benefits, but exactly which plan will vary for each company. An FSA is a Flexible Spending Arrangement or Flexible Spending Account, which allows employees to be reimbursed for qualified medical expenses.

HSAs, also known as a Health Savings Account, are a benefit that employers can offer to employees to help with employee health care costs. They offer flexibility to employees while containing costs for employers. This is an interesting option when considering employee incentives, particularly health insurance. What is an HSA? An HSA is a benefit …

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Employee benefits encompass a wide range of offerings that a company can provide to its employees. The most common benefits in the US include health and dental insurance, retirement savings (such as a 401(k)), vacation time, and other paid time off (such as maternity leave). But benefits don’t need to be common – they can …

Continue reading “Do You Offer Competitive Employee Benefits?”