2020 Open Enrollment time is nearly here and informational sessions will be taking place in Vermont and in Texas.
Each session is scheduled for 1 hour to help all employees understand the benefits available along with the updates for 2020. Be sure to attend one of the sessions below to be entered to win one of the amazing prizes. In Vermont, you can win a hybrid bicycle, a pair of backcountry skis, or a pair of snowshoes! In Texas, you can win a commuter/urban bike to make getting around town much easier!
The IRS states that incentives related to the employer’s health plan are considered taxable income, meaning wellness incentives and prizes are considered funds from the employer and as such are reportable and subject to payroll taxes. If you do not want to be taxed based upon the value of this reward, you may decline this gift. Please contact payroll to better understand tax implications of accepting this reward.
Please find the list of meetings at this link on National Life Today. No need to sign up, just show up!
And remember, the Open Enrollment section of NLToday is a great resource for all things happening for the annual open enrollment!