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What is the 90-day waiting period for health insurance

First and foremost, knowing (and following) the rule helps companies stay compliant with the Affordable Care Act (ACA). As we mentioned earlier, employers who offer group health insurance plans must … See more

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URL: https://onpay.com/benefits/guide/90-day-health-insurance-waiting-period-explained

Group Health Insurance How-To for Employers OnPay

WEBHealth insurance continues to rank as the most important voluntary benefit among employees, making it a powerful tool for employers to attract and retain talent. In …

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HSA How-To and Health Savings Account Employer’s Guide OnPay

WEBIn fact, according to the 2022 Year-End Devenir HSA Research Report, 26% of HSA contributions were made by employers, annually averaging $869.00 per …

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Thinking of offering benefits to your employees

WEBFirst, determine your budget and what types of benefits you want to offer. Medical, retirement, and vacation benefits top your employees’ wishlists, but there’s a …

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ICHRA Health Insurance 2024: How Individual HRA Plans Work

WEBIntroduced in 2020, an ICHRA allows employers of almost any size to reimburse employees for some, or all, of the individual health insurance premiums for …

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How to report healthcare contributions in OnPay

WEBPer the Affordable Care Act, all employer and employee healthcare contributions must be listed on the W-2 in Box 12 with code DD. In order for us to include healthcare …

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Are Employers Required to Offer Health Insurance

WEBShort answer: it depends. In 2020, small business owners with fewer than 50 employees are not generally required by the ACA to offer health insurance. Employers …

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Part-Time Employee Benefits: What Should Employers Offer

WEBThe DOL defines a part-time employee as someone who works between one to 34 hours per week or less than 35 hours per week. But this is not a law. The IRS …

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What Benefits Do Employees Want Most — and Why

WEBIf a business owner wants to offer excellent benefits, here’s a little more insight what the three most popular employee benefits are likely to mean to your team: 1. Health insurance. After their salary, health insurance is likely the most essential aspect of employees’ compensation. It’s one of the most common benefits, according to our …

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FSA and HSA plans for your business OnPay

WEBA plan is considered an HSA-qualified plan if the employee’s deductible is at least $1,650 for individual coverage or $2,800 for family coverage. In 2024, the contribution limit for HSA bank accounts is $4,150 for an individual, while the limit for families is $8,300. And unlike FSA plans, funds not spent in an HSA plan do carry over into the

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Employee Benefits for Small Businesses: The Complete Guide

WEBFind benefits guides, articles, and more. Employer-sponsored benefits are a way to give your employees something that goes above and beyond good wages — like health …

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Small Business Health Insurance Plans OnPay

WEBAdding health insurance is easy. Set up your payroll account in minutes. Add your employees (or ask us to do it) Talk to one of our licensed brokers about your options. …

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Small Business Benefits OnPay

WEBTake great care of your team with benefits that integrate seamlessly with payroll. Whether you have two employees or hundreds, OnPay makes it easy to add health insurance, …

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Fringe Benefits and Imputed Income Employer's Guide OnPay

WEBFringe benefits considered taxable compensation. Regular wages. Cell phone and/or company vehicles (if used outside of business tasks) Overtime. Employer-paid commuter fees in excess of $315/month. Bonuses. Employer-paid parking that is greater than $315/month. Vacation payout. Employer-provided bicycle commuting assistance.

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What Questions Can Employers Ask About Their Employees’ Health

WEBHealth questions relating to job safety and performance. The ADA says employers may sometimes ask about health or disability-related issues and require …

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QSEHRA vs. ICHRA Explained: What are the Differences

WEBSimply put, a QSEHRA is a Health Reimbursement Arrangement (HRA) tailored for small businesses with fewer than 50 full-time employees. A key point to …

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