Tax Day 2024 and How to Get an Extension from the IRS
Tax Day is on Monday, Apr 15, 2024. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!
We’re sure you have heard the term “open enrollment” in reference to your job. Or, maybe as something your Human Resource department tells you is happening. But do you know exactly what they’re talking about, and what you can change? Below, you’ll find some frequently asked questions and answers about open enrollment.
We’re sure you have heard the term “open enrollment” in reference to your job. Or, maybe as something your Human Resource department tells you is happening. But do you know exactly what they’re talking about, and what you can change? Below, you’ll find three frequently asked questions and answers about open enrollment. See something we didn’t answer? Post it on Payroll Talk, and we’ll help you out!
It’s the time of year that, without a special life event happening, you have the opportunity to change your benefit enrollment elections that you receive through company plans. This includes: medical / health insurance, dental insurance, vision insurance, life insurance, accidental death and dismemberment, short and long term disability, and supplementary insurance.
Generally, companies find it easier to make changes to individual’s coverages only one time a year, instead of throughout the year.
The short answer is, “Not until the next year’s open enrollment period.” However, there are some exceptions:
When you begin a new job, you will usually have the opportunity to select your benefits during your first few days or weeks at the company. After you make your selections, you are able to make changes during the specific life events listed above, or during your company’s open enrollment period.
Changing your elections can have an impact on your paycheck. Use the paycheck calculators on PaycheckCity to see how different elections will affect your take-home pay!
Did you enjoy this article? Visit insights to keep up-to-date on payroll related news!
Tax Day is on Monday, Apr 15, 2024. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!
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Check out the updated 2024 Federal benefit limits for 401(k), HSA, and simple IRA, and more. Stay informed and plan your finances with confidence!