Hixme Blog Cash - The New Employer Benefit?

The modern day employer benefits industry was born with the passage of The 1942 Stabilization Act. sometimes referred to as the "Inflation Control Act". It amended The Emergency Price Control Act earlier that year that froze wages. This amendment allowed some of those frozen wage increases to be replaced by health and other insurances, exempting them as a "non wage benefits", with a favorable non-wage tax treatment. Initially, the costs of these new benefits were immaterial compared to wages, so this tradeoff was practical and allowed some incremental value to employers and workers. But a lot has changed over the years. Ever since then, [...]