2021: New IRS dollar limits for 401(k)s, HSAs, FSAs, HRAs
2021 dollar limits on health savings accounts and retirement accounts
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2022 is just around the corner. That means you’re planning for your health, fringe and leave benefits for the new year. The pandemic has made this challenging. And the Biden administration’s policy changes are making it even more confusing. Why? There are a number of proposed reforms that would affect health and leave programs. And…
Open enrollment is just around the corner, and HR departments need to prepare to answer questions, correct issues and manage all of the other stress that comes with this time of year. And the process isn’t easy for employees, either: Over half (61%) said the open enrollment process is either extremely or moderately stressful, according…
Working parents are far more susceptible to stress and burnout than their childless counterparts. In fact, full-time working mothers experience 40% more chronic stress than working women with no children, and it was recently reported that 9.8 million working mothers in the U.S. are suffering from burnout. There’s no question that women are disproportionately impacted…
The month of December can be a mad rush for HR pros to get all those pesky end-of-year tasks done before we ring in the new year, from payroll processing to benefit renewals and wrapping up open enrollment. But it’s not just HR that has a lot on its plate: Employees have some end-of-year tasks…
Millions of employees are seeking new career opportunities and making moves to organizations that demonstrate they put their employees front and center. One of the best ways employers can show this is to reevaluate health benefits and offer a design that doesn’t restrict employees’ choices and allows them to access the treatments they need. As…
As the global workforce continues to evolve, one of the most significant and obvious changes has been the increase in the number of generations working side by side. HR and benefits leaders are coming to grips with the reality of the diversity of perspectives, experiences, needs, expectations and preferences among the four (soon to be…
The American workforce has faced a tremendous number of obstacles over the past three years. From layoffs and furloughs to ever-changing perspectives on hybrid work, it’s no wonder that employers struggle to maintain an engaged and motivated employee base. Employers have had their own share of challenges, as they must balance employee attraction and retention…
IRS allows extension for healthcare requirement
With return to the workplace plans well underway, some employers are adding extra perks to make the office as appealing as possible for fans of remote work. Companies have added things like schedule flexibility, new health benefits, casual dress codes — and even are allowing workers to bring pets into the office. But another one…
Hard to believe, but we’re halfway through the year. And firms and their HR professionals have been planning their benefit strategies for next year as the Great Resignation marches on into 2023. Due to fluctuating economic conditions and the tight labor market, 2023 is going to be a balancing act between ensuring benefits are…
In a recent case study detailing what worked and what didn’t, Dan Bengyak, Vice President of Administrative Services at Montefiore St. Luke’s Cornwall Hospital in Newburgh, NY, shares how his company dealt with a vacation time issue: We had an interesting problem on our hands when it came to employees’ vacation time — they had…
Employee communication can be a headache for HR – even just getting employees to open your emails can sometimes feel like a struggle. But when it comes to benefits, a lack of effective communication can lead to confusion and stress when open enrollment comes around. Ensuring employees have the right information to make an informed…
If your company has made a tremendous shift in the employee wellness benefit it’s offering in 2021 due to the pandemic, you are far from alone. But are these benefits a smart investment? You can judge that for yourself. A new report by Wellable found employers are investing in the following wellness benefits this year:…
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