InterWest Insurance Services

APRIL 20, 2023

Both employers and employees have much to gain from a solid voluntary benefits program. For employers, offering a range of voluntary insurance products can help increase employee satisfaction – along with loyalty and morale – and make the business more competitive in attracting and retaining the best talent.

Voluntary Benefits 97

Voluntary Benefits Benefits Package Insurance Life Insurance 97

InterWest Insurance Services

JULY 25, 2024

Additionally, 30% of employees say they need more information surrounding their benefits. Sometimes shorter presentations, resources in print and electronic formats, followed by individual assistance in helping staff pick the right plan is the best approach.

Deductible 98

Deductible Deductions Voluntary Benefits Medical 98

InterWest Insurance Services

SEPTEMBER 27, 2023

Employees have a right to understand the costs they’ll be facing in each plan, including: Their share of the premium, Their deductible, Their copays or coinsurance, and Other out-of-pocket expenses. The lower the premium on the plan, the higher the deductibles and copays. Get an early start If your plan year starts Jan.

Out of Pocket Cost 93

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 93

CorpStrat

AUGUST 11, 2022

Voluntary Benefits. Voluntary Benefits, commonly referred to as AFLAC, can help employees maintain their income by paying cash benefits directly to them. Employees can use these cash benefits to help cover rent, groceries, and other daily living expenses while they’re out of work.

Voluntary Benefits 52

Voluntary Benefits Employee Benefits Benefits Package Medical 52

Business Management Daily

JUNE 16, 2023

Payees must usually present an affidavit attesting they can receive the payment. Out of the deceased employee’s final regular pay, deduct for all voluntary benefits (e.g., health, dental, vision, retirement) and involuntary deductions, like garnishments. The withholding rules, however, are tricky.

Taxes 52

Taxes 401(k) Payroll Voluntary Benefits 52

Employee Benefits

AUGUST 8, 2023

As an employer, it’s your responsibility to contribute at least 8% towards an employee’s pension every month, typically split as: 3% from the employer 5% deducted from the employee’s pre-tax salary Paid Leave for Maternity, Paternity, and Adoption Paid leave for these life events is another statutory requirement.

Pension 52

Pension Paid Leave Parental Leave Voluntary Benefits 52

Winston Benefits

DECEMBER 19, 2017

Often provided as a discounted voluntary benefit, pet insurance is seen as a valuable one by employees and is increasingly popular among employers. Technology has changed the way employers provide, communicate about and enroll people in employee benefits. In addition, pet insurance is likely to see growth in the coming year.

Financial Counseling 45

Financial Counseling Voluntary Benefits Deductible Deductions 45