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What Is a Health Savings Account?

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They let you cover medical expenses like copays and deductibles while providing a tax break and helping you save for the future. Not everyone has access to these plans, but if you do, they can be invaluable for preparing for future medical expenses. However, you can still use the money on qualified medical expenses.

Health 278
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How Employers Can Support Employees Going Through Menopause at Work

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.” The previously mentioned Mayo Clinic survey also revealed that menopause is having a “major negative impact” on this demographic and their workplace outcomes, calling for improved medical treatments and workplace support systems. of participants felt “not informed at all,” with only 2.1% feeling “very informed.”

Medical 236
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Do I Need to Buy Life Insurance?

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People purchase life insurance to help their families replace lost income and cover final expenses after death. Remember: The larger the policy amount or the longer you want the policy to be in effect, the more expensive the premiums. The results of your exam may influence the price you pay for life insurance.

Policies 264
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4 Smart Money Moves to Plan for Financial Security

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A survey by Insider and Morning Consult from 2019 showed that millennials were more likely to put off buying houses, making career moves, undergoing medical procedures and even getting hitched—all because of cash-related reasons. So only adjust your emergency fund if your monthly expenses increase, you get a raise, or you gain dependents.

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How to Save Money on Your Car Insurance

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Carrying more insurance than your state’s minimum requirements is generally recommended since accidents can get expensive, especially if someone is seriously injured or has a lot of property damage. A deductible is the portion of the repair or medical bills you are responsible for paying if you are found at fault in an accident.

Policies 195
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4 important payroll issues to keep an eye on in 2023

BMT Office Administration

The IRS punted on its final regulations , dropping the mandatory e-filing threshold for information returns for 2021 and 2022 W-2s, 1099s, and 1095s. You will also be required to aggregate all your information returns to determine whether you are a mandatory e-filer. Here are five items we see coming this year. Final e-filing regs.

Payroll 52
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How Financial Wellness Programs Can Benefit Employees and Employers

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Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. Employers are now providing a broader suite of benefits and are increasingly recognizing the importance of financial wellness programs for employees.