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What Is a Health Savings Account?

Success

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.

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Twilio cuts 17% of its workforce

Allwork

This new development comes less than a year after the tech giant conducted its first round of job cuts in September 2022, where 11% of its staff were let go. “We have to spend less, streamline, and become more efficient. To do that, we’re forming two business units: Twilio Communications and Twilio Data & Applications.

Medical 180
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What Every Business Needs To Know About The Pregnant Workers Fairness Act

Allwork

29, 2022, and it was recently passed by Congress as an amendment to the FY23 Federal Spending Bill. employers with 15 or more employees to provide reasonable accommodations for known limitations associated with pregnancy, childbirth, or related medical conditions. This pivotal piece of legislation instructs U.S. According to the U.S.

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How Financial Wellness Programs Can Benefit Employees and Employers

Success

Human resource leaders have observed cash-strapped employees reducing retirement contributions and talking about how money-related stress has negatively affected their work lives, according to a 2022 financial benefits study conducted by Morgan Stanley at Work. How financial wellness programs benefit employers Employee retention is the No.

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How Employers Can Support Employees Going Through Menopause at Work

Success

.” 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. It’s just one extra expense that I can’t really afford, but need!” In the survey, 10.8%

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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. Proposed regulations covering white-collar employees were included in the Department of Labor’s spring 2022 semiannual regulatory agenda. Here are five items we see coming this year.

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Two in five people are working extra hours as cost-of-living crisis bites

Workplace Insight

A new poll suggests that the continuing cost-of-living crisis is now affecting a greater proportion of employees, with more people working extra hours, more struggling to buy food or pay their bills, and fewer being able to afford to take sick days, compared to mid-2022. This is the second time that Ciphr has run its Cost of li v ing survey.