Foy Benefits Inc.

Employee Benefits Study: Which Job Perks are Most Important to Employees?

Coming soon! Get excited!

A flexible spending account (FSA), also known as a flexible spending arrangement, is one of a number of tax-advantaged financial accounts that can be set up through a cafeteria plan of an employer in the United States. A FSA allows an employee to set aside a portion of earnings to pay for qualified expenses as established in the cafeteria plan, most commonly for medical expenses but often for dependent care or other expenses. Money deducted from an employee’s pay into an FSA ...is not subject to payroll taxes, resulting in payroll tax savings.[1] Before the Patient Protection and Affordable Care Act, one significant disadvantage to using an FSA was that funds not used by the end of the plan year were forfeited to the employer, known as the use it or lose it rule. Under the terms of the Affordable Care Act, a plan may permit an employee to carry over up to $500 into the following year without losing the funds. See more

Have you attended this before? What was your favorite part?

Happy Friday! This is important...

The holiday season brings a lot of stress, even in the workplace. You’ve got employees trying to work overtime to earn some spare holiday cash and tired workers who are more than ready for their holiday vacation. But you need to make sure everyone is completing safety training and keeping those safety regulations in use on the job. Christmas time is a great time to help your employees brush up on their safety training knowledge and celebrate the holiday season all at once How...? We’re glad you asked. Here are just a few training activities you can use in your workplace to spread Christmas cheer and reinforce vital safety information at the same time. Your employees will thank you! The 12 Days of Safety Plan a themed training schedule to fit into The Twelve Days of Christmas. Here are some great topics to cover: Personal Protective Equipment Ladders Slips and Trips Falls Scaffolding Electrical Safety Lockout/Tagout Respiratory Protection First Aid Hand and Power Tools Fires Hazardous Materials

Stay safe out there!

If you don’t act by December 15, you can’t get 2021 coverage unless you qualify for a Special Enrollment Period. Plans sold during Open Enrollment start January 1, 2021.

Check out this raffle! Supporting the local arts from Smitkit Gallery here in downtown Watertown.

We know lots of trips have been canceled this year. Where would your number one spot be to go right now?