You get a medical plan and the company will reimburse $300 on your payroll. You must provide proof of coverage with the following information:

• Effective date

• The premium amount

• The policy number

SIMPLE IRA, or Savings Incentive Match Plan for Employees, is a retirement savings plan that allows small businesses with 100 or fewer employees and their employees to contribute to traditional IRAs. SIMPLE IRAs are a low-cost option with minimal paperwork to set up and maintain. Contributions to a SIMPLE IRA grow tax-deferred until retirement, and employees only pay income taxes when they withdraw the money.