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What Employees Need to Know About Flexible Spending Accounts

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  It's time for employees to take control of their finances through the benefits offered at HR Service Partners! A flexible spending account (FSA) allows employees to stretch their benefits dollars and pay expenses with pre-tax dollars. The best part? It's just as convenient as using a debit card. What is an FSA? With an FSA, an employee can deduct a portion of their regular earnings ( up to $2850 for 2022 from the IRS ) from their paycheck every pay period and designate that those funds be used for eligible medical and dental healthcare-related services. Amounts deposited to an FSA are non-taxable income and offer immediate tax savings. Funds in an FSA can be utilized during a plan year for a range of pre-approved medical expenses and services. FSA account types include: Healthcare FSA: this FSA provides reimbursement for out-of-pocket medical expenses. Limited Purpose Medical FSA: this FSA works with a qualified high deductible health plan (HDHP) and Health Saving Account (...

5 Tips to Spark a Culture of Collaboration in Your Organization

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Collaboration and teamwork are essential if a company wants to foster employee engagement. To promote employee satisfaction, it's critical managers, and leaders encourage a collaborative culture in the workplace. Here are some helpful tips to help spark a culture of collaboration within your organization. Build a Culture of Collaboration Where Everyone Is Involved Collaboration in the workplace is sharing ideas and skills among groups to achieve a common goal. To work collaboratively, rather than individually, creates a greater sense of purpose for everyone involved in the organization. Establishing break-out groups comprised of members from each department to collaborate on company-wide projects and events is a popular method as of late. Here, input can be provided from each department's perspective and allows a holistic approach to each endeavor. Providing small- and large-scale cooperation opportunities increases productivity and allows ideas to flow freely. Make Collabora...

Got Benefits? Here's What to Know About Your Company Benefits

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At Covenant Services, we are proud to offer employees a wide range of benefits, from health and dental insurance to educational opportunities. With the start of 2022 and the new perks available for employees, it's time for an update on your company benefits! Telephonic Employee Assistance Employee access to assistance for personal issues is an essential aspect of your company's benefits plans. Providing the resources needed for employees to resolve challenges outside the workplace offers employees the tools needed to thrive both in the office and at home. Through our Telephonic Employee Assistance, employees gain assistance for the following: Manage Stress Counseling Services Caregiver Support Tax Hotline Financial Wellness Employee financial wellness programs are available to help employees gain control of their finances to reduce financial worries now and in the future. In many instances, financial wellness can be a catalyst to reduce money-related stress and improve personal...

New Deadlines for OSHA Emergency Temporary Standard

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The Sixth Circuit Court of Appeals recently voted to reinstate the OSHA Emergency Temporary Standard (ETS) for COVID-19 as the Omicron variant surges. The decision extends the ETS deadline set to go into effect this month (December 2021) until January 10, 2022, and February 9, 2022. With the ever-evolving guidelines related to the COVID-19 pandemic, employers must remain informed of the most recent and updated workplace developments. The Recent ETS Court Decision and Its Impact on Your Business The most recent court ruling allows OSHA to implement and enforce the ETS, requiring businesses made up of 100 or more employees to implement a vaccination and testing policy. For guidance on the latest ETS development, OSHA has provided the following statement on its website: "To provide employers with sufficient time to come into compliance, OSHA will not issue citations for non-compliance with any requirements of the ETS before January 10 and will not issue citations for non-compliance w...