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Employee benefits in the United States include relocation assistance; medical, prescription, vision and dental plans; health and dependent care flexible spending accounts; retirement benefit plans (pension, 401 (k), 403 (b)); group term life insurance and accidental death and dismemberment insurance plans; income protection plans (also known as ...
“Providing life insurance protects employees’ families by paying a specified amount to employees’ beneficiaries in the event of death,” Motsiff said. “A good policy pays out at least the ...
EBRI interviewed employers for the study, and found that others might follow if a major employer discontinued health benefits. Effective by January 1, 2014, the Patient Protection and Affordable Care Act will impose a $2000 per employee tax penalty on employers with over 50 employees who do not offer health insurance to their full-time workers ...
Compensation and benefits. Compensation and benefits refer to remuneration to employees from employers. Which is the payments or rewards provided to an individual for the work that has been completed. Compensation is the direct monetary payment received for work performed, commonly known as wages. This is the compensation that employees earn ...
A flexible spending account (FSA) is an account that allows you to save pre-tax dollars and use them toward your medical and dependent care expenses. Many employers offer FSAs as a benefit. You ...
Although there is an array of different types of health insurance that can be offered to employees, as Dennis Shirshikov, strategist at Awning.com, a real estate company for investors, noted ...
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