It’s that time of year when, in the midst of the holiday rush, every dollar needs to be stretched as far as it possibly can. It’s with that mindset that our experts have outlined a few employee “must-haves” when it comes to saving tax dollars in 2015. After all, you work hard to bring home a paycheck – so don’t…
The month of November is Open Enrollment for the Section 125 Flexible Spending Plan (FSA), and electing contributions to a Health Savings Account (HSA). The effective date for the enrollment is January 1, 2015. Open enrollment is the only time, barring qualified life events, when eligible, full-time employees can enroll in FSA benefits for the new calendar year. Benefits include:…
National Benefit Services (NBS) is excited to announce upcoming enhancements to its flexible benefit systems on September 1st of this year! Some of the new tools include: Mobile App for Participants View up-to-date balances Submit claims right from your smart phone Receive alerts concerning your benefit accounts New and easy to use NBS web portal as the Plan Sponsor Interact…
It’s a fact: the more satisfied employees are, the happier and more committed they are to your company. With benefits playing a critical role to employee satisfaction, it’s critical for employers to identify which benefits appeal most to their organization. Here are four questions to ask when considering a total package for employees. 1. Which benefits are typically included in a compensation package? At a minimum,…
In December, 2013, the IRS announced that Flexible Spending Plans could allow participants to roll over up to $500 of contributions to the following year. ISIhr announced that this change will take place automatically with our plan, and will apply to 2013 participants. Here is some further clarification on that announcement: Question: I had a balance that should have rolled over…
Flexible Spending is Now More Flexible! The Treasury Department just recently announced that participants can roll over up to $500 of their year-end balances to the next year. Three things to note about this change: The rollover amount will not count toward the annual election limit of $2,500, meaning that each participant could have a $3,000 balance at the beginning…