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Employees will rely on you to explain options, resolve confusion, and provide guidance. Consider preparing an FAQ document and attending any training sessions offered by your benefitsproviders. Host benefits education sessions Many employees may not fully understand the value of their benefits.
That’s why employers should be offering medical and health-related benefits. A Medical FlexibleSpending Account (Medical FSA), Health Savings Account (HSA), or Health Reimbursement Account (HRA) are great places to start. It’s much easier to get the job done when you’re feeling good.
The survey results will help you prioritize the benefit changes or expansions that would be most impactful for your current employees so that you can utilize your benefits budget effectively. Evaluate current benefits offerings and needs. Submit all enrollment forms to benefitsproviders. Stay organized.
The Consolidated Omnibus Budget Reconciliation Act (COBRA) protects workers who lose their health benefits. Since 1985, COBRA, has given workers (and their families) the right to choose to continue health benefitsprovided by their group health plan for limited periods of time.
In honor of National Employee Benefits Day, here are some of the often overlooked benefit options employers can use to “sweeten the pot” to attract new talent and retain existing talent. These eight benefitsprovide an opportunity for over $30,000 of increased value to employees each year.*
5 Source Features Health, dental, and vision insurance Life and disability insurance 401(k) retirement plans Health savings accounts Flexiblespending accounts Workers’ compensation insurance Commuter benefits, gym memberships, and mental health assistance.
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