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Study Finds That Employees Value Benefits, But Still Don’t Understand The Costs

Whether an employee is old, young, male, or female, they most likely already understand the value and importance of benefits like dental insurance, health insurance, and 401(k)s. That said, the consulting and research firm LIMRA surveyed 1,500 U.S. employees and found that 40% of them didn’t know the cost of their health insurance. Furthermore, of [...]

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Do Your Employees Appreciate Their Benefits and Make the Correlation to Their Total Compensation?

Do Your Employees Appreciate Their Benefits and Make the Correlation to Their Total Compensation? It’s just a fact that employers, especially those in highly competitive industries, must have a striking benefits package to remain competitive in attracting and retaining the best employees. You probably spend a great deal of time and money providing your employees [...]

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Debit Cards Can Be Used to Purchase OTC Drugs Only When IRS Requirements Are Met

  The Patient Protection and Affordable Care Act (health care reform) limited the ability of health plans to cover over-the-counter (OTC) drugs, permitting reimbursement from flexible spending accounts (FSAs) and health reimbursement accounts (HRAs) beginning January 1, 2011, only when OTC drugs are purchased with a prescription. In a departure from guidance issued last fall, [...]

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