InterWest Insurance Services

JUNE 2, 2022

Employers nationwide are looking for ways to attract and retain talent and differentiate themselves from competing employers, and many are looking to the two most popular voluntary benefits: employee dental and vision plans. At 24% of employers, the worker pays 100% of the cost via a payroll deduction program.

Health 98

Health Voluntary Benefits Disability Insurance Deductible 98

InterWest Insurance Services

JANUARY 17, 2023

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vice president of People and Communications at Unum.

401(k) 98

401(k) Health Insurance Insurance Voluntary Benefits 98

InterWest Insurance Services

MARCH 22, 2022

One way you can give your staff more choice in the employee benefits they receive is to offer them a cafeteria plan, which allows them to put together a benefits package that works best for them. Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis.

Flexible Spending Account 96

Flexible Spending Account 401(k) Flexible Spending Deductible 96

CorpStrat

AUGUST 11, 2022

If an employee falls ill or gets hurt, they’ll likely have little to no income coming in. On top of that, state Disability is so restrictive and can involve such an arduous process that your employees simply can’t count on it. Voluntary Benefits. appeared first on CorpStrat: HR | Payroll | Employee Benefits.

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Voluntary Benefits Employee Benefits Benefits Package Medical 52

CorpStrat

DECEMBER 3, 2021

Be sure to clearly explain the deductions that employees will make from their paychecks. Offer Voluntary Benefits. More than ever, employers need to build a robust package that includes things like voluntary benefit programs. Reach out to us at 818.377.7260 or marketing@corpstrat.com.

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Voluntary Benefits 401(k) Benefits Package Deductible 98

InterWest Insurance Services

APRIL 27, 2023

The HDHP effect The report found that health maintenance organizations and preferred provider organizations continue to dominate the landscape in group health benefits for SMBs. While high-deductible health plan (HDHP) enrollment grew at an astounding 68% between 2021 and 2022, they only accounted for 6% of group health plan enrollment.

Health Insurance 98

Health Insurance Insurance Out of Pocket Cost Deductible 98

Winston Benefits

MARCH 3, 2016

Benefitfocus released its 2016 State of Employee Benefits study recently. Among the findings, adoption of high deductible health plans (HDHPs) is on the rise, but is still much lower than traditional PPO plans. One reason for this may be the coverage gap created by HDHPs.

Voluntary Benefits 45

Voluntary Benefits Deductible Deductions Hospitality 45

PeopleStrategy

JULY 8, 2019

While the terminology related to healthcare and employee benefits may be second nature to HR professionals and benefits administrators, it is a good bet many of the terms are unknown or misunderstood by your employees. Share it with your employees before open enrollment! Health benefits payment terms.

Health Savings Account 82

Health Savings Account Deductible Deductions Healthcare 82

Higginbotham

MAY 4, 2023

According to Investopedia, employers often provide life insurance as an employee benefit, but these life insurance policies may not always provide sufficient coverage. The Convenience of Payroll Deductions When supplemental life insurance is available through work, employees often pay for coverage using payroll deductions.

Life Insurance 52

Life Insurance Benefits Package Insurance Employee Benefits 52

Winston Benefits

APRIL 17, 2018

Improving your company’s approach to employee benefits can be a challenge. In the ever-evolving benefits landscape, regulatory policies, budgets and employee demographics are just a few routinely shifting factors. Managing the costs of employee benefits was cited as a top priority by two-thirds of survey respondents.

Employee Benefits 45

Employee Benefits Voluntary Benefits Deductible Deductions 45

Higginbotham

AUGUST 13, 2024

And, for most hospital indemnity plans, there are no deductibles, provider networks or other complications to worry about. Your employees may use their hospital indemnity insurance benefits to cover deductibles, copays, out-of-network costs and other expenses associated with a hospital stay. However, education is key.

Hospitality 52

Hospitality Insurance Voluntary Benefits Benefits Package 52

Employee Benefits

MARCH 19, 2024

Healthcare and wellbeing Private medical insurance (PMI) scheme, employer paid for all employees following probation. Employees have the option to add cover for a partner or dependents through salary deductions. Employee assistance programme (EAP). Other benefits Voluntary benefits discount hub.

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Voluntary Benefits Pension Salary Deductible 59

Employee Benefits

AUGUST 8, 2023

While some of these benefits can be discretionary, there are a few that UK businesses, irrespective of their scale, must provide. This piece sheds light on the indispensable employee benefits in accordance with UK regulations. Which employee benefits are required by law? Yet, some benefits are mandated by UK law.

Pension 52

Pension Paid Leave Parental Leave Voluntary Benefits 52

Higginbotham

JANUARY 4, 2022

There are two main types of ancillary health insurance: voluntary benefits and employer contributory benefits. With employer contributory ancillary benefits, the employer usually pays 50 to 100 percent of the premiums. With voluntary ancillary benefits, the employer may contribute up to 49 percent of the premiums.

Health Insurance 52

Health Insurance Insurance Disability Insurance Life Insurance 52

Winston Benefits

DECEMBER 19, 2017

Ready to get a jump on incorporating 2018’s expected employee benefits trends with your overall benefits strategy? 2017 was a busy year for employee benefits, and 2018 is shaping up to be even more exciting. More ‘Consumer’ Benefits. Here are some things to keep in mind. Hedging on the ACA.

Financial Counseling 45

Financial Counseling Voluntary Benefits Deductible Deductions 45

Empuls

FEBRUARY 26, 2024

From well-being to flexibility, continuous learning to personalized perks, let's understand the game-changing employee benefits trends that will take lead in the near future.   Offer alternative healthcare plans , such as high-deductible health plans (HDHPs) paired with health savings accounts (HSAs).

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Retirement Plan 40

Higginbotham

APRIL 7, 2022

Some pet owners buy coverage on their own, but pet insurance has also emerged as a popular employee benefit. There may also be a deductible and coverage limits. Pet Insurance as an Employee Benefit. These workers may be interested in getting the best pet insurance as an employee perk. Americans love pets.

Insurance 52

Insurance Benefits Package Health Insurance Deductible 52

Higginbotham

MARCH 2, 2023

Group disability insurance benefits are provided by employers, often on a voluntary basis. The employer may pay for the premiums, or the employee may pay, often via payroll deductions. Either way, group insurance is an easy way to make sure all your employees have access to coverage. Learn more.

Disability Insurance 52

Disability Insurance Workers’ Compensation Insurance Benefits Package 52

Winston Benefits

MARCH 8, 2018

As you think about the changes you want to make to your employee benefits offerings, now is the time to talk benefits technology too. The first part of the year is a good time to audit what’s working and what’s not, and to go over any feedback you got from employees about the open enrollment process.

Technology 45

Technology Health Savings Account Voluntary Benefits Employee Enrollments 45

Higginbotham

JANUARY 27, 2023

Employees don’t work for free. They want to be fairly compensated for their work, and that usually involves both wages and employee benefits. Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile.

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52

Higginbotham

JULY 19, 2022

Benefits, Timekeeping and Compliance Can Be Impacted. Employee pay is often closely connected to employee benefits and, by extension, various regulations related to those employee benefits. This means a mistake in their paycheck could also impact their benefits.

Payroll Service 52

Payroll Service Payroll Outsourcing Payroll Overtime 52

Genesis HR Solutions

JULY 31, 2018

Miscellaneous deductions and garnishment management. Employer tax deposits and filing management; Form 940, Form 941, and W-3 transmittal—our tax engine uses your ZIP code to calculate correct tax info, so we know the exact amount to tax your employees. How do you know if a payroll outsourcing service will benefit your organization?

Payroll 40

Payroll Outsourcing Payroll IT Payroll System 40

WEX Inc.

MARCH 30, 2023

WEX voluntary benefits is an additional benefit that employers can offer at a discounted group rate, with employees either fully or partially paying for the benefits through a payroll deduction. Pet-sitting discounts can be a great way to show your employees that their furry friends are valued.

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Voluntary Benefits Taxes Recruitment Deductible 52

GRA Benefits Group

OCTOBER 2, 2020

But how to go paperless isn’t the only question popping up… “We’ve always had our employee benefit open enrollment meeting in the fall and it’s in the lunchroom. ” “Our employees fill out paper forms, but now they’re working remotely. We’re in the employee benefit business.

Life Insurance 52

Life Insurance Payroll Insurance Voluntary Benefits 52

InterWest Insurance Services

MARCH 1, 2024

Multiple studies have consistently shown that a robust set of employee benefits is a vital component of an overall compensation package. As a result, many employers are increasingly turning to voluntary employee benefits, which allow them to provide valued, high-demand benefits to employees at little or no cost to the company.

Voluntary Benefits 98

Voluntary Benefits Disability Insurance Deductible Deductions 98

InterWest Insurance Services

SEPTEMBER 27, 2023

With answers and feedback in hand you can create a benefits package that is more appealing to them, which in turn gives you a competitive edge when attracting and retaining workers. Engage employees and solicit feedback through quarterly employee-benefits round table meetings.

Out of Pocket Cost 93

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

WEX Inc.

APRIL 2, 2025

Check out our other compliance blog posts on HSAs , HRAs , LSAs , and voluntary benefits. Employee eligibility Employee eligibility for FSAs typically requires enrollment during your company’s open enrollment period, or at the time of hire or a qualifying event. It is not legal or tax advice.

Flexible Spending Account 90

Flexible Spending Account Deductible Deductions Flexible Spending 90