Employee Benefits

MAY 22, 2024

Standard Chartered Bank and supermarket chain Lidl GB have been shortlisted for Best voluntary benefits at the Employee Benefits Awards 2024. The schemes helped employees learn how to manage their money better and some to save thousands of pounds through the Isa by utilising employer contributions.

Voluntary Benefits 59

Voluntary Benefits Banking Pension Entertainment 59

Best Money Moves

NOVEMBER 4, 2020

What the average health insurance premium costs and changes employers are making to health benefits offerings in the new year. The ever increasing cost of healthcare combined with uncertainty about coverage, deductibles and copays keep some employees from getting the medical care they need. Managing Out-of-Pocket Costs in 2021.

Healthcare 111

Healthcare Out of Pocket Cost Voluntary Benefits Management 111

Winston Benefits

NOVEMBER 15, 2017

Handling payments for voluntary benefits can be a hassle. Finding an option that works for you can simplify things for employees while making your benefits administration process more efficient. Under this option, we perform the administration of multiple benefits from multiple carriers through a single payroll deduction slot.

Voluntary Benefits 45

Voluntary Benefits Disability Insurance Deductible Deductions 45

InterWest Insurance Services

OCTOBER 17, 2024

The main driver in workers prioritizing benefits is the rapidly rising cost of group health insurance premiums and out-of-pocket costs, according to the study by Voya Financial. 51% said they would be more likely to stay with their current employer if it provided access to a health savings account (HSA).

Out of Pocket Cost 98

Out of Pocket Cost Voluntary Benefits Health Insurance Health Savings Account 98

InterWest Insurance Services

JULY 4, 2024

workers choosing high-deductible health plans has leveled off during the last two years, uptake has been growing rapidly among one segment of the working population: Gen Z employees. The report notes 84% of employers offer both HDHPs and traditional health plans to ensure that they can met the needs of a multi-generational workforce.

Voluntary Benefits 97

Voluntary Benefits Flexible Spending Account Deductible Deductions 97

Higginbotham

NOVEMBER 12, 2024

As employers look for strategies to support worker well-being and boost productivity, legal benefits for employees can be an attractive option. Learn about the pros and cons of adding legal services, whether that’s as a standalone benefit or as part of an Employee Assistance Program (EAP).

Voluntary Benefits 52

Voluntary Benefits Insurance Health Insurance Benefits Package 52

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. For many years, dental and vision plans were employer-paid. Appeal to employers.

Health 98

Health Voluntary Benefits Disability Insurance Deductible 98

Corporate Synergies

DECEMBER 10, 2018

Which voluntary benefit options are right for your employees? This 4-step voluntary benefits checkup will help you decide. As the cost of medical plans rises, employers are offering high-deductible health plans (HDHPs) and health savings accounts (HSAs) as part of their employee benefit plans.

Voluntary Benefits 45

Voluntary Benefits Hospitality Health Savings Account Deductible 45

InterWest Insurance Services

JANUARY 17, 2023

. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vice president of People and Communications at Unum. Sixty-four percent of employees surveyed said they do not have access to an emergency savings option through their employer. These are the top 15 non-insurance benefits for U.S.

401(k) 98

401(k) Health Insurance Insurance Voluntary Benefits 98

InterWest Insurance Services

JULY 25, 2024

Every year employees across the country choose the wrong group health plan from their employer because they don’t understand the coverage and what type of plan is best for their circumstances. You should ask your employees to look at the deductible they had in the last year and see if they reached it.

Deductible 98

Deductible Deductions Voluntary Benefits Medical 98

InterWest Insurance Services

APRIL 27, 2023

Overall rates for employers with 10 or fewer employees saw their family plan health insurance premiums jump 12% from 2021, compared to just 5.4% for all small to mid-sized businesses with up to 250 employees, according to the report by HR and benefits software company Ease.

Health Insurance 98

Health Insurance Insurance Out of Pocket Cost Deductible 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 employer can also contribute to its employees’ HSAs to encourage participation.

Out of Pocket Cost 83

Out of Pocket Cost Deductible Deductions Voluntary Benefits 83

CorpStrat

DECEMBER 3, 2021

COVID-19 has changed how businesses operate, the most dramatic of these changes is managing open enrollment for benefits. Gone are the days of handing out papers at in-office lunch meetings where an HR professional would walk the team through new benefit plans. Offer Voluntary Benefits.

Voluntary Benefits 98

Voluntary Benefits 401(k) Benefits Package Deductible 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

PeopleStrategy

JULY 8, 2019

And, sadly, almost two-thirds (62 percent) of survey participants said their employer is not a resource for healthcare-related questions. Health benefits payment terms. Deductible : the amount an employee must pay out-of-pocket each year before their insurance kicks in; this does not apply to preventative care, like annual physicals.

Health Savings Account 82

Health Savings Account Deductible Deductions Healthcare 82

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. That benefits both them and your organization.

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. Life, Dental.

Voluntary Benefits 52

Voluntary Benefits Employee Benefits Benefits Package Medical 52

Employee Benefits

MARCH 19, 2024

The benefits on offer at Egress: Pensions Defined contribution pension scheme, with 5% employee contributions and 4% employer contributions. Healthcare and wellbeing Private medical insurance (PMI) scheme, employer paid for all employees following probation. Other benefits Voluntary benefits discount hub.

Voluntary Benefits 59

Voluntary Benefits Pension Salary Deductible 59

Higginbotham

AUGUST 13, 2024

Employers can help their employees by offering worksite benefits like hospital indemnity insurance and other supplemental benefits. And, for most hospital indemnity plans, there are no deductibles, provider networks or other complications to worry about. A study from Paytient found that 40% of U.S.

Hospitality 52

Hospitality Insurance Voluntary Benefits Benefits Package 52

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. To address this issue, some employers also offer supplemental life insurance coverage. Millennials are even more likely to rely on workplace coverage.

Life Insurance 52

Life Insurance Benefits Package Insurance Employee 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. Some of the more popular benefits include: Dental Insurance.

Health Insurance 52

Health Insurance Insurance Disability Insurance Life Insurance 52

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

Winston Benefits

DECEMBER 19, 2017

Hot in 2017, financial benefits are likely to continue to be popular in the coming year. The idea of “financial wellness” is catching on, and more employers are providing benefits that help employees save for college, address debt and plan for their financial futures. Here are some things to keep in mind. Financial Wellness.

Financial Counseling 45

Financial Counseling Voluntary Benefits Deductible Deductions 45

Higginbotham

MARCH 2, 2023

Nearly every state requires most employers to maintain workers’ compensation coverage. In other states, employers are generally required to maintain coverage, although small employers may be exempt from workers’ compensation requirements, depending on the number of employees they have. Employers and workers each pay 6.2

Disability Insurance 52

Disability Insurance Workers’ Compensation Insurance Benefits Package 52

Winston Benefits

MARCH 8, 2018

What If We Add New Benefits? As more employers offer high-deductible health plans, they often expand health savings accounts and voluntary benefits to supplement them.

Technology 45

Technology Health Savings Account Voluntary Benefits Employee Enrollments 45

WEX Inc.

MARCH 30, 2023

Employers can experience benefits from allowing pets in the office. When having spaces like these, employers should think about what they can do for the office when introducing a pet-friendly workplace. About 70% of U.S. households have a pet.

Voluntary Benefits 52

Voluntary Benefits Taxes Recruitment Deductible 52

Higginbotham

APRIL 7, 2022

Some pet owners buy coverage on their own, but pet insurance has also emerged as a popular employee benefit. Employers who are considering adding this perk should consider whether it will be worthwhile for their workers. There may also be a deductible and coverage limits. Many Pet Parents Struggle with Vet Bills.

Insurance 52

Insurance Benefits Package Health Insurance Deductible 52

Higginbotham

JULY 19, 2022

All these differences can make compliance especially difficult for employers with workers in multiple states, and the rise of remote work is making it even more challenging to figure out which laws apply. Employee pay is often closely connected to employee benefits and, by extension, various regulations related to those employee benefits.

Payroll Service 52

Payroll Service Payroll Outsourcing Payroll Overtime 52

Higginbotham

JANUARY 27, 2023

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. However, many small employers decide to offer health insurance anyway. Why Small Businesses Should Offer Health Benefits In the U.S.,

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 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. Accurate and timely direct deposits are a win for both employees and employers.

Payroll 40

Payroll Outsourcing Payroll IT Payroll System 40

GRA Benefits Group

OCTOBER 2, 2020

The push to go paperless isn’t even a question anymore for agents working with employers in a remote-office environment. 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.

Life Insurance 52

Life Insurance Payroll Insurance Voluntary Benefits 52

Empuls

FEBRUARY 26, 2024

Benefits of hybrid work arrangements for employees and employers The adoption of hybrid work models, combining both in-office and remote work, has emerged as a popular solution that offers benefits to both employees and employers. Employers are acknowledging that a healthy workforce is a more engaged and efficient one.

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Benefits Package 40