The Internal Revenue Service announced some very important number companies and employees need to know about health savings accounts, 401(k)s and flexible spending accounts. Note: All of the changes take place in January 2020. 401(k) Pre Tax Limit Increases – Pre-tax contribution limits for employees who participate in a 401(k), 403(b) and most 457 plans increases…
Tag: Health Savings Account
HSA Are A Healthcare Cost Savings Solution
What is an HSA? “HSAs or Health Savings Accounts, are probably one of the less utilized solutions in the marketplace today even though they’ve been in effect for 10 years, ” says Steve Brown, Owner and Principle Broker at Group Benefits Northwest. “An HSA is a bank account that you put money into, pre-tax, for…
Important Numbers for 2019
The Internal Revenue Service announced some very important number companies and employees need to know about health savings accounts, 401(k)s and flexible spending accounts. Note: All of the changes take place in January 2019. 401(k) Pre Tax Limit Increases – Pre-tax contribution limits for employees who participate in a 401(k), 403(b) and most 457 plans increases…
Employee Group Benefit Basics
What are employee group benefits? Between the years 1930 to 1950, in response to Labor Unions’ demands for better wages and working conditions, U.S. companies and the unions negotiated the employee benefits which are commonly found today in ‘both union and non-union companies.’ Much like today, employers used wages to compete for the best talent…