HR Lineup

OCTOBER 18, 2023

In 2023, there are numerous benefits administration software options available, each with its unique features and advantages. In this article, we will explore the 10 best benefits administration software options for 2023. Top 10 Benefits Administration Software of 2023 1. What is Benefits Administration Software?

Software 246

Software Retirement Plan Health Insurance Payroll 246

InterWest Insurance Services

MARCH 7, 2024

Usually, these accounts are funded with pre-tax deductions from your employees’ paychecks, but if they didn’t max out their contributions last year, they still can do so up until the tax-filing deadline. Under IRS rules, for 2023 employers and employees can contribute a combined $3,850 for single employees and $7,750 for families.

401(k) 98

401(k) Health Savings Account Pharmaceutical Deductions 98

InterWest Insurance Services

MARCH 28, 2024

One such employee enrolled in one of your group health insurance plans can result in massive costs that overshadow those of the rest of your workforce if you are a small or mid-sized employer. Pharmacy spending Between 2020 and 2023, the average per member per month pharmacy spend increased 38% from $86 to $119.

Employment 98

Employment Pharmaceutical Health Insurance Medical 98

Griffin Benefits

OCTOBER 13, 2022

If employee-only coverage is affordable, an employee cannot purchase subsidized coverage and will not trigger employer penalties. This is the case even if an employee needs family coverage and the family tier is not affordable.

Taxes 92

Taxes Employee Enrollments Consulting Medical 92

Proskauer's Employee Benefits & Executive Compensa

JANUARY 4, 2023

For ALEs , this relief only applies to the requirement to provide Forms 1095-C (and/or Forms 1095-B if the coverage is self-insured) to non-full-time employees and non-employees enrolled in the self-insured plan. Thus, ALEs will still have to furnish the applicable forms to full-time employees in the traditional manner.

Insurance 105

Insurance Employee Enrollments Taxes Consulting 105

InterWest Insurance Services

FEBRUARY 20, 2024

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. The key to ensuring that the HDHP is a success in part comes down to avoiding four common mistakes.

Deductible 98

Deductible Deductions Out of Pocket Cost Health Savings Account 98

InterWest Insurance Services

JANUARY 18, 2024

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. The key to ensuring that the HDHP is a success in part comes down to avoiding four common mistakes.

Out of Pocket Cost 83

Out of Pocket Cost Deductions Deductible Voluntary Benefits 83