Up until a few weeks ago, the Health Reimbursement Arrangement (HRA) was pretty much a non-issue for small businesses. However, there was a recent amendment introduced by a group of legislators entitled the Small Business Healthcare Relief Act. If it passes, small businesses would be allowed to reimburse employees for health insurance and medical expenses through an HRA. This article will talk about what exactly this bill has to offer, the bipartisan group who created it, and its current chances of passing.
The Paid Sick Leave Law is trending, as more and more businesses nationwide have begun to adopt it. So what does this law mean for you? Here are some key points you should take note of:
Many employees appreciate the possibility to deposit pre-tax income for dependent care expenses and medical expenses as part of the benefits deal that they receive from their companies. An FSA or Flexible Spending Account gives your employees the ability to put aside a fixed amount of tax-free dollars from their salary to use for eligible health care benefits. Employees can also use their Flexible Spending Accounts for incurred health care expenses that insurance does not cover.
To many of us, summer time is fun time. The sun is out and there are tons of great experiences to be had outdoors. But summer fun-filled activities are not exclusive to the surfers and free spirits out there. These activities can refresh and engage your staff as well as bolster the company culture.
It is fair to say planning plays a huge role in having summer activities that produce the desired effect in your workforce, so it is important that you get on it early on, preferably before the start of the season.
Before you get right down to making arrangements for specific activities that just flew into your mind and sounded nice and fun, you have to make some key considerations. These considerations can help to ensure that you are making plans that fit into your core company objectives and human resources management goals.