Defined-contribution plans, when they are offered, allow employers to provide benefits without having to offer a traditional or group health-insurance plan. Businesses will not have to pay the costs associated with a group plan, but instead make monthly allowances that their employees then spend on their own private-insurance plans. This is a good solution for […]
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A new modification for flexible spending accounts was released at the end of October. Employers can now allow $500 in unused benefits to roll over into the next year. What are Flexible Spending Accounts? These types of accounts are sponsored through the employers and are funded 100 percent by the employee. Employees can use their […]
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