5 Employee Benefits That Matter to Gen Z in 2024
Posted: June 28, 2024
“Generation Z” comprises people born between the mid-1990s and early 2010s. They are also commonly known as “Zoomers” because they needed to use remote conferencing tools like Zoom for school during the COVID-19 pandemic. Since the pandemic, they have been seeking stability, remote work options, and mental health support. Financial challenges, climate anxiety, and dependence on digital tools shape their priorities. To attract this generation,...
What Happens If I Leave My Company Before Becoming Fully Vested?
Posted: June 13, 2024
Vesting is a process through which employees gradually earn ownership of benefits provided by their employer, such as retirement savings through 401(k) plans or stock options. This process is vital to retaining and motivating employees, as it rewards their long-term service and encourages loyalty and commitment. Vesting opportunities attract top talent and foster employee engagement and dedication, ultimately contributing to the company’s success and stability....
When Can I Use Short-Term Disability?
Posted: May 28, 2024
May is Disability Insurance Awareness Month, a time for underscoring the importance of understanding the various types of disability insurance and how they can provide financial protection against the costs and burdens of sustaining a disability. Short-term disability insurance is a type of insurance policy that offers coverage for specific life events, providing income replacement when you’re unable to work due to illness, injury, or...
What Happens if I Don’t Use My FSA Funds by the End of the Plan Year?
Posted: May 13, 2024
Given the complexities associated with the health insurance industry in the United States, more people are turning to tax-advantaged alternatives like Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). Employers offer FSAs as part of a group benefits package. Unfortunately, funds in an FSA are subject to a “use-it-or-lose-it” rule, where unused funds are forfeited at the end of the plan’s term. Therefore, strategic...
10 Group Benefits with Tax Credits
Posted: April 13, 2024
With Tax Day just around the corner, many businesses are looking for ways to maximize employee tax savings and benefits. While it may be too late to enjoy these tax savings for 2023, there are still valuable opportunities to explore for future tax years. Here are 10 group benefits options that receive tax credits that your business should consider: 1. Health Insurance Offering health insurance...