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Employee Benefits The employee benefits you choose can have a big impact on your health, finances and your future. Because of this, it is important to carefully weigh your options during open enrollment. The issues and factors you need to consider may be different from your co-workers. Each employee has unique circumstances and it is important to choose employee benefits that will best suit your needs. Choosing Employee Benefits Despite a variety of circumstances and situations, there are some common questions most people can ask themselves when deciding which employee benefits to choose. First, learn more about your company's 401(k). Also, ask about the health options offered. For instance, does your company offer a health reimbursement account or a flexible spending account? If so, what expenses are covered under such plans and what are the limits put on these accounts? In addition to flexible spending accounts to cover health costs, many employers offer their employees additional accounts to cover dependent care, adoption, and transportation costs. These accounts can be used to pay for the costs of caring for an elderly parent, a small child, or travel to and from work. There are restrictions on how these funds can be used and who is eligible, so it is important to find out if you qualify for such benefits. Navigating the world of employee benefits can sometimes be difficult, but it doesn't have to be. Take the time to learn about how your plan can work for you, as well as what the reimbursement and claim process is. Getting the answers to all of your questions will ensure that you get the most out of your benefit plan, and this Web site is designed to help you make those decisions. |
Additional Topics Consumer-Directed Health Plans Consumer-Driven Health Accounts Dependent Care Flexible Spending Accounts Flexible Health Spending Accounts Flexible Medical Expense Accounts Healthcare Flexible Spending Accounts Health Reimbursement Arrangements IRS Section 125 Cafeteria Plans Medical Expenses and Income Tax Plan for Medical that Health Insurance Doesn't Cover Save 25% to 40% on Health Expenses Save on Co-Pays and Over-the-Counter Medications Save on LASIK and Orthodontic Costs Section 125 Plan Administration |
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