Watch this 2-minute video.
Choosing the right employee benefits program is a critical decision for any business. It's a balancing act between attracting top talent, managing costs, and staying compliant. This is where pre-tax wellness indemnity plans come into the spotlight. They promise tax advantages for both employers and employees, but are they as beneficial as they seem?
In our latest video, Robin Tholt explores the realities of pre-tax wellness indemnity plans. These plans offer tax-free reimbursements for wellness activities, an attractive proposition for any employer. However, the Internal Revenue Service (IRS) has issued warnings about these plans. If not structured correctly, they could lead to audits and penalties, posing financial and relational risks for your business.
Our video provides a clear overview of these plans, highlighting the potential risks and the importance of a cautious approach. We stress the need for employers to be well-informed and prepared. This involves consulting with experts, questioning providers, educating your team, and staying abreast of the latest in employee benefits.
At Combined, we specialize in navigating the complexities of employee benefits. We're here to guide you in choosing a benefits program that is not just competitive, but also compliant and sustainable. Our goal is to help you find the right balance that meets your business objectives and supports your employees' needs.
We encourage you to watch our video for a detailed understanding of pre-tax wellness indemnity plans. Learn about best practices, common pitfalls, and how to make informed decisions for your organization. Schedule a meeting with us to explore how we can assist you in creating a benefits program that truly works for your business and your employees.
This video is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Viewers should contact legal counsel for legal advice.
Topics:
