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What is the difference between HSA's and FSA's

WebHSA’s and FSA’s are both pre-taxed health spending accounts where the employee contributes monthly to help pay for medical care expenses, copays, and vision …

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URL: https://www.payrollpartners.com/difference-hsa-fsa/

Financial Wellness Programs Boost Employee Happiness

WebSince the pandemic, many Americans have been struggling to get their financial houses in order. If you’re wondering what a financial wellness program …

Category:  Health Go Health

What are the requirements for allowing an employee to take time …

WebThe employee will be eligible for protected leave under this Act if the employee has worked for the company for at least 12 months in the last seven years, …

Category:  Health Go Health

May Is Global Employee Health and Fitness Month

WebGlobal Employee Health and Fitness Month (GEHFM) is an international event founded in 1989 and takes place each May. The intention

Category:  Fitness Go Health

Should I Include my Housing Allowance for the Marketplace

WebThe Health Insurance Marketplace may not be right for everyone—it is just one of several options for health coverage. The options are complicated, and vary by …

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An Overview of a Wellness Stipend

WebA wellness stipend is an allowance given to employees to help pay for eligible physical and mental wellness expenses. It should not be confused with a health stipend, …

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Taxable and Nontaxable Employee Benefits

WebDependent care assistance up to certain dollar limits. Up to $50,000 group term life insurance per employee, and $2,000 for the spouse or dependent of an …

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Do we need to offer summer interns group health insurance

WebThe ACA requirement to offer health insurance may be triggered for seasonal employees (interns) depending upon a complex set of rules. Employers with fewer than …

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What are the Pros and Cons of Healthcare-Sharing Ministries

WebHealthcare-sharing ministries are cost-effective because each family contributes a specific monthly dollar amount they choose based on program options. …

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5 Ways to Use Healthcare Benefits to Win the War for New Talent

WebWith 10.7 millio n job openings in the US as of September 2022, employers are understandably looking for an edge when it comes to acquiring new talent. Filling …

Category:  Health Go Health

Health Reimbursement Arrangements for Small Church Employees

WebThe maximum amount of reimbursement that the church can provide tax free to employees is $5,050 per year for employee-only coverage or $10,250 per year for …

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IRS Adjusts Health Savings Account Limits for 2022

WebAs it does each year, the IRS has announced changes for health savings accounts (HSAs), which are associated with high-deductible health plans.

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Six Payroll and Benefits Steps After an Employee Dies

WebKeeping that in mind, here are six steps to take in the event of the death of an employee: 1. If the employee has been issued a paycheck but died before cashing it, …

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Common Benefits Offered by Churches to Staff Members

WebHealthcare. After salary, this benefits staple is of the utmost importance to many employees of the church and typically includes medical, dental, vision and/or life …

Category:  Medical Go Health

Mental Health Day Policy: When and How to Give Your Employees …

WebSimilar to a sick day with the absence of physical symptoms, a mental health day is a term used for when employees need to take a moment for themselves. This …

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What Income Should be Included on a Pastor's W-2

WebThere are other kinds of income that would generally be considered as income, except for the fact that they have been excluded within the income tax code or …

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How to Decode Box 1 of Form W-2

WebAll taxable wages, tips and other compensation should go in Box 1. This includes: Hourly earnings, including overtime and premium pay, and salaries. Vacation, …

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Why does my W-2 form look different than my last pay stub

WebThe quickest explanation for this difference is that the last pay stub and W-2 form will almost always show two different wages. End of the year check stubs will show …

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