It’s time to review your company employee benefits! It’s key that you look at this carefully. Done correctly, you could save yourself money, both in taxes and expenses later. Here are a few examples:
Take a look at a Health Savings Account (HSA). You could set aside up to $3,500 individually and $7,000 as family (for 2019). The HSA money does not have to be used up by year end. You can carry it forward for future medical and long term care expenses, that’s why it’s referred to as the “Medical IRA.”
Sign up for a legal benefits plan. If you are planning to update your will, refinance or buy a house, a legal benefit plan can offset or eliminate some of these legal bills.
Looking for some help? Reach out. We’d be happy to help. Have your own business? We can, with our partners, help you set up benefits for you and your employees.