A Health Savings Account (HSA) is composed of funds contributed by the employee, and sometimes also the employer. In order to contribute funds to an HSA, the account must be integrated with a qualified group High Deductible Health Plan (HDHP). An HDHP, as the name alludes to, has a higher deductible in favor of a lower monthly premium. HSAs can help employees save money in the event they have high out-of-pocket costs for medical treatment, services, or prescriptions.

If you get sick or hurt at work, short term disability (STD) insurance helps you cover a portion of your lost income. You can use that money to help pay for your rent or housing payments, food, car payments, utility bills, etc. Generally you receive a weekly payment for a set amount of weeks to help you pay for the things you’d normally buy with a paycheck.

COBRA stands for Consolidated Omnibus Budget Reconciliation Act.

You should be getting a W-2 in the mail very soon from your employer, which means it’s time to start filing your taxes. Yay! Here’s a quick guide to understanding what all those boxes and numbers on your W-2 actually mean, so (fingers crossed) you’re a little less stressed come Tax Day on April 17th.

The 2018 State of Cybersecurity in Small and Medium Size Business study stated that small businesses face stronger chances of cyber-attacks than larger companies in 2019. In fact, only 28 percent of SMBs are capable of mitigating threats and attacks effectively. Last year alone, 67 percent of the survey respondents experienced a cyber-attack and 58 percent experienced a data breach.

Do you ever wonder how much your paycheck will be after taxes? Do you know what those taxes and other deductions are and why? Understanding the items on your paycheck are important for financial planning and checking for errors. Get rid of the mystery and get to know what’s on your paycheck with our guide below. The sample pay stub includes items typically listed on a regular paycheck. Use the corresponding numbers below to learn more about what’s on your paycheck.

Investing in your future is always a good idea, and there are lots of ways to do it. Whether you have a 401k plan through your employer or an individual retirement account (IRA), or both, there are a range of investment opportunities at your fingertips.

The number of personal social media profiles continues to grow daily, nearly one million every day, companies recruit through popular social media outlets, but can it stop you from getting a job?

Workers’ compensation insurance provides benefits to employees that suffer work-related injuries and illnesses. Employers are required by state law to have workers’ comp insurance for their employees. Each state’s requirements are different.

The Family and Medical Leave Act (FMLA) gives employees the right to take extended leave time to care for a sick family member. Borne out of the push for better work-life balance, employees that meet the requirements are eligible to take up to 12 workweeks from leave. Employers with 50 or more employees that work at least 20 consecutive workweeks are covered under the FMLA. Read more for which employees are eligible for FMLA leave and how they can get it.

With the popularity of consumer-directed health plans on the rise, employers should take note of the various advantages and disadvantages of using an HDHP in their health care strategy.

HMO. EPO. POS. PPO. So much healthcare lingo, so little time. When it comes to understanding different health plan options, there is a lot to learn. Kudos to the people who know what kind of health plan they have, and what exactly that means for them. For everyone else, here is a quick guide to knowing (or pretending like you know) what kind of health plan you have.

When selecting a health plan, it’s easy to get distracted by the cost of your monthly premium, but your total health plan costs include much more than that. You must take into account your additional costs including: deductibles, copayments (copays), coinsurance, and out-of-pocket maximums. We know, it sounds intimidating, but don’t worry, we’ll explain everything.

Handling discrimination situations is tough. Here’s a cheat sheet for pregnancy discrimination: Pregnancy discrimination rights are closely aligned with those of employees with disabilities, in that temporary adjustments to work duties are permitted during pregnancy so employees can keep their jobs. In addition to those rights, pregnant employees should be free from discrimination or harassment from their employers, supervisors and colleagues. Read more on the PDA and how it works with your organization.

Old people get a bad rap. Especially at work. People generally associate youth with energy, strength, relevance, and resilience. Whereas old people are a burden, dependent, and culturally irrelevant. It’s a myth that older workers can’t keep up with the pace of a modern office, yet ageism and age discrimination are rampant in the workplace. Which is ironic considering there are more older workers in the workforce now than before, and their numbers are only expected to increase.

The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide employees with expanded family and medical leave for specified reasons related to COVID-19. The Department of Labor’s (Department) Wage and Hour Division (WHD) administers and enforces the new law’s paid leave requirements. These provisions will apply from the effective date through December 31, 2020.