Corporate Synergies

OCTOBER 4, 2021

Stop-loss insurance contracts offer important protection for self-funded employers—but employers must ensure they’re providing the right coverage. Responsibly transitioning to self-funded health insurance can provide cash flow flexibility for some employers—and they are taking the plunge. In 2018, 38.7%

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Insurance Health Insurance Employment Management 80

HR Digest

JANUARY 28, 2022

Healthcare is an essential and a necessary investment for both employers and employees. Do they drive down a company’s health investment costs or not? A study conducted by Harvard in 2015 found for every dollar spent on wellness programs, the employer saves $3 in healthcare costs and another $3 in absenteeism. Let us find out.

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Healthcare Health Insurance Hospitality Medical 133

InterWest Insurance Services

JANUARY 13, 2022

The time when the IRS offers relief from financial penalties to employers that make errors on their group health insurance reporting forms has come to an end. The change starting with the 2021 tax reporting year means that employers can face steep penalties for mistakes on their forms. Issues to bear in mind.

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Achievers

AUGUST 3, 2020

In fact, Forbes magazine named Cox Automotive to its first-ever list of America’s Best Employers for Diversity in 2018. Horizon Blue Cross Blue Shield of New Jersey (BCBSNJ) has offered health insurance to New Jersey families and businesses since 1932. Horizon Blue Cross Blue Shield of New Jersey.

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InterWest Insurance Services

MAY 16, 2024

The dip, while seemingly small, represents millions of workers that have opted for other plans as employers are offering a greater variety of plans to their employees, including preferred provider organizations (PPOs) and health maintenance organizations. Employers can also contribute to the account.

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Genesis HR Solutions

JANUARY 28, 2019

If you’re like most business owners, one of the biggest things you may worry about in relation to your company is the cost of providing health insurance to your employees. In one 2018 report, almost 80 percent of respondents said they worry about the cost of health benefits. world of health insurance.

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InterWest Insurance Services

JUNE 6, 2024

The dip, while seemingly small, represents millions of workers that have opted for other plans as employers are offering a greater variety of plans to their employees, including preferred provider organizations (PPOs) and health maintenance organizations. Employers can also contribute to the account.

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401(k) Deductible Deductions Health Savings Account 76

Benefit Resource Inc.

MARCH 20, 2019

Households released in May 2018. The report provides insight into the financial health of families across America, examining factors like employment, student loans, and retirement. If you are currently employed, there is one change you can make to start saving: Enroll in a Health Savings Account (HSA). The tax savings.

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401(k) Deductions Deductible Health Savings Account 85

Best Money Moves

JUNE 11, 2020

Through this portal, eligible persons who did not file taxes in 2018 or 2019 can enter basic identifying information so the government can easily distribute their stimulus payments. . Reach out to your employer for clarification if you sense something is suspicious about a Zoom invitation. .

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WEX Inc.

JULY 1, 2023

Individual Coverage Health Reimbursement Arrangements (ICHRAs) were rolled out prior to COVID-19 striking the United States, but the demand for this new product is expected to skyrocket, as more and more employers look for ways to bring stability to their healthcare costs. How does an ICHRA work? What are the employee classes?

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Health Insurance Healthcare Taxes Insurance 52

Florida Workers' Comp

APRIL 4, 2023

Workers' compensation is a primary payer in the event of an injury in the course and scope of employment. Those benefits are usually the only recovery an injured worker may receive from the employer. In broad terms, it is in the best interest of the employee and the employer that the tort recovery is maximized.

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Benefit Resource Inc.

MAY 12, 2019

ROUND ONE: Which account(s) is funded by the employer? An HRA is always funded by an employer (and only the employer). According to the 2018 Bright Ideas quiz just one in two respondents understand that an HRA is solely funded by the employer. HRAs, on the other hand, are owned by the employer. HRA or HSA?

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Corporate Synergies

JANUARY 2, 2019

Viewing health & welfare benefits as a business investment is a mindset shift. Our 2019 Employer Education Series is designed to help you get more bang for your benefits buck. Corporate Synergies is set to launch its 2019 Employer Education Series. Don’t Miss Our 2019 Employer Education Events: Get Info Here.

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Flimp Communications

OCTOBER 23, 2019

The first is related to health issues, such as health insurance. On the health front, there’s a lack of employee awareness and understanding of certain benefits, including healthcare savings and caregiving support. 62% of those caregivers reported that their employer is unaware of those commitments.

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Higginbotham

JULY 25, 2023

These protections include, for example, the prohibition of discrimination based on health status, the prohibition of preexisting condition exclusions, and the prohibition of lifetime and annual dollar limits on essential health benefits. Employer Takeaway Written comments must be received by Sept. 11, 2023, to be considered.

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Genesis HR Solutions

JULY 16, 2018

What they have in common is that both are recipients of the 2018 Genesis Community Scholarship Fund. On June 5, 2018, at Town Hall in Lexington, Massachusetts, they were among a group of 75 high school and college students who received help to defray the cost of a college education. What Employers Are Doing About Student Loan Debt.

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Higginbotham

APRIL 25, 2022

Job Market Report, two in three job seekers agree that workplace benefits are more important to them now than they were before the pandemic, and 80 percent think that employers need to reevaluate their benefits package. Health Insurance, Telemedicine and Wellness Programs. Other Common Insurance Options and Voluntary Benefits.

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Corporate Synergies

JULY 9, 2018

So far, the trend toward retail pharmacy, PBM and health insurance industry consolidation doesn’t seem to benefit all stakeholders. Here’s why… Insurance industry consolidation is occurring at an unprecedented rate. Health insurance industry consolidation hasn’t been good for healthcare consumers or employers.

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Genesis HR Solutions

AUGUST 13, 2019

If you’ve been around small to midsize businesses for any amount of time over the last decade, you’ve no doubt seen or experienced the frustrations of navigating health insurance. And those players often come armed with health insurance options that small businesses like yours don’t have access to or can’t afford to offer on your own.

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Corporate Synergies

AUGUST 15, 2018

Older workers approaching full retirement age (where they can begin receiving 100% of Social Security), face daunting decisions this, Medicare, and retirement plans such as health savings accounts (HSAs) and 401(k)s. As an employer, you can help Baby Boomers with the retirement benefits education and planning process in 3 ways.

401(k) 40

401(k) Education Health Savings Account Employment 40

Hppy

JANUARY 19, 2018

There is an $18,500 limit (for 2018) on how much employees can contribute to a 401(k) plan. One exception is if the distributions are made to a participant after separation from employment if the separation occurred during or after the calendar year in which the person reached age 55. Can I stay on company health insurance?

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Genesis HR Solutions

AUGUST 9, 2018

Sometimes benefits are paid for wholly by employers; other times they are paid for by employees, and sometimes the expenses are shared. How the benefits expenses are shared (or not) is determined by the employer. The most expensive benefit to offer is health insurance. per hour worked in March 2018.

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Business Management Daily

SEPTEMBER 9, 2019

The federal law has been around for a decade, yet many employers still don’t know exactly how to comply. GINA essentially bars using genetic information in employment decisions and bars acquiring genetic information improperly. GINA bars employers from discriminating against or harassing employees based on their genetic information.

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HR Digest

JANUARY 4, 2023

A termination letter is an official written statement that informs an employee at the end of their employment with a company. It is usually given from an employer to an employee. Share information on benefits like health insurance and similar. What Is A Termination Letter? 2 Being dismissed from a job is never a cinch.

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Corporate Synergies

NOVEMBER 5, 2018

Employee benefits are typically the second-highest expense for employers—right behind payroll. Not knowing what the benefits renewal rate will be until the end of the plan year complicates the balance that employers must strike between offering a rich plan that employees appreciate at a cost the finance team can live with. As Seen In.

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PeopleStrategy

MAY 6, 2019

First, it’s important to note a common priority (not surprisingly) across all generations: health insurance. The Society for Human Resource Management noted in its 2018 Employee Benefits Report that 95 percent of employers offer at least one retirement plan to workers. ” The generational constant.

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Business Management Daily

FEBRUARY 4, 2020

These four conditions are the most likely mental health conditions employers will encounter, sometimes in combination. The most likely combination of mental health issues in the workplace is depression and anxiety. How you as the employer handle that worker must comply with the ADA.

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Corporate Synergies

DECEMBER 3, 2018

Are you paying insurance premiums for people who aren’t qualified to be on the plan? For some employers, too often, the answer is “yes,” their benefits program includes ineligible dependents. In our experience, we find that nearly 10% of dependents enrolled in employee health & welfare plans are not eligible to be in the program.

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PeopleStrategy

JANUARY 23, 2018

If improving diversity and building a more inclusive culture is one of your top goals for 2018, you are not alone. Look for opportunities to enable as much personalization of benefits as possible, from health insurance to tuition reimbursement to gym membership discounts.

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Health Insurance Engineering Human Resources Education 49

Corporate Synergies

OCTOBER 8, 2018

So it stands to reason that there’s a resurgence of interest in long-term care and long-term disability insurance. As an employer, it’s important to understand the difference and educate employees on why they’d need each type of coverage. Long-term Care Insurance. It ends when the employee changes employers.

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Disability Insurance Health and Welfare Insurance Education 40

Corporate Synergies

SEPTEMBER 24, 2018

So it stands to reason that there’s a resurgence of interest in long-term care and long-term disability insurance. As an employer, it’s important to understand the difference and educate employees on why they’d need each type of coverage. Long-term Care Insurance. It ends when the employee changes employers.

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Disability Insurance Insurance Health and Welfare Education 40

Business Management Daily

JUNE 10, 2021

Employers are realizing that they need to provide mental health care. However, simply offering mental health care isn’t necessarily enough. Employees also expect quality mental health care. Minimal coverage means costs can add up quickly, and many insurance plans only cover limited mental health-related needs.

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Genesis HR Solutions

AUGUST 19, 2020

Like almost every other industry, professional employer organizations (PEOs) have been forced by the global pandemic to ask themselves this question. Get an in-depth look at professional employer organizations and why you should consider partnering with one. “What is our industry’s new normal?” Click To Tweet. million to 3.7

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Corporate Synergies

AUGUST 20, 2018

Employers and carriers are now shifting from creating narrow networks just to reduce costs to developing smaller networks that focus more on value-based healthcare. Employers and carriers review qualitative elements to measure cost efficiency and high-quality outcomes (what those specific elements are will vary by network).

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Corporate Synergies

AUGUST 6, 2018

High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% In addition, employers can contribute tax-free dollars if they choose—all of which is employee money.

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Corporate Synergies

JULY 23, 2018

In my 25 years in the health insurance business I have seen many changes. Reference-based pricing allows employers to pay for medical services based on a percentage of Centers for Medicare & Medicaid Services (CMS) reimbursements (i.e. The Why, What and How of Insurance Premium Increases. Negotiating” like Medicare.

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Hospitality Healthcare Medical Insurance 40

cipHR

MARCH 16, 2023

More so than ever, employees feel pressure to tell employers what they want to hear,” he says. “To A November 2020 report by the Trades Union Congress found that just 31% of staff had been consulted by their employer around the introduction of monitoring technology, and 56% felt this was damaging the trust between workers and their employers.

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