Best Money Moves

SEPTEMBER 9, 2020

Employers are preparing for virtual open enrollment as many employees continue to work remotely during the COVID-19 pandemic. Preparing for Virtual Open Enrollment in 2020. More on Topics Related to Virtual Open Enrollment and Employee Benefits. HR Trends 2021: Which Benefits Do Employees Value Most?

Utilities 91

Utilities Employee Enrollments Benefits Package Healthcare 91

WEX Inc.

MAY 8, 2023

PPO deductible Nearly two-thirds of large employers provide their employees with the choice of an HDHP and a traditional health plan , such as a preferred provider organization (PPO). Typically, an employee enrolled in a PPO will have higher premiums and a lower deductible than an employee enrolled in an HDHP.

Deductible 97

Deductible Deductions Health Savings Account Employee Enrollments 97

Winston Benefits

OCTOBER 31, 2017

Mergers and acquisitions can cause a lot of disruption in the employee population. While everyone involved is looking at merging operations and culture, things like employee benefits communication can get lost in the mix. But this puts the success of the merger at risk. Here’s what we recommend. Take a Multi-Channel Approach.

Employee Enrollments 45

Employee Enrollments Health Savings Account Education Employee Benefits 45

Proskauer's Employee Benefits & Executive Compensa

JANUARY 4, 2023

Additionally, the notice must be written in plain, non-technical terms and in a large enough font size to call to a viewer’s attention that the information pertains to tax statements reporting that individuals had health coverage. 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

Benefit Resource Inc.

OCTOBER 7, 2021

We’ve put together an Open Enrollment timeline in hopes of making the rest of your year just a little less stressful. A solid employee benefits package is crucial for recruiting and retention and has become even more important in the current market — Open Enrollment plays a big part in that. Are you on track?

Employee Enrollments 74

Employee Enrollments Benefits Package Taxes Education 74

Flimp Communications

JULY 24, 2020

Health insurance is still difficult for employees to understand and use efficiently. But thanks to new technology and products building on video communications, employees are getting more information about their benefit options faster. Video is easy to produce, even in an era of standing six feet away from one another.

Benefits Package 75

Benefits Package Retirement Plan Healthcare Employee Enrollments 75

WEX Inc.

JULY 20, 2023

More dental and vision Among employers with benefits administration through WEX , 68% of eligible employees enrolled in vision and 77% of eligible employees enrolled in dental. However, not all employees are offered these benefits. The information in this blog post is for educational purposes only.

Deductible 75

Deductible Deductions Flexible Spending Account Health Savings Account 75

Flimp Communications

SEPTEMBER 26, 2019

But this technology can help your enrollment sign-up and engagement numbers during the crunch time of open enrollment. Employees need accurate information and instruction to help make the right decisions for themselves. Video technology has proven time and again to be an effective vehicle for such information.

Benefits Package 65

Benefits Package Education Employee Enrollments Technology 65

Total Employee Benefits

DECEMBER 14, 2021

When it comes to a broker, employers should look for someone who keeps them informed about important issues related to their company. If your Health & Welfare Plan has over 100 employees enrolled in any single benefit, you are already required to file an IRS Form 5500 where both direct and indirect compensation is already disclosed.

Insurance Carriers 52

Insurance Carriers Health and Welfare Insurance Employee Enrollments 52

HR Professionals Magazine

APRIL 4, 2022

It is easy to assume that establishing an API between platforms means seamless, real-time connectivity that will create efficiency in administering your employee benefits and payroll processing while eliminating duplicative data entry challenges. Which data elements are exchanged and in which direction do they flow?

Payroll 52

Payroll Payroll System Deductible Deductions 52

Higginbotham

AUGUST 13, 2024

By providing hospital indemnity coverage, employers give employees the financial freedom to seek care when they need it, which may result in a healthier workforce with fewer days away from work and lower health care costs. Having a comprehensive employee benefits package is important for attracting talent and fostering loyalty.

Hospitality 52

Hospitality Insurance Voluntary Benefits Benefits Package 52

Winston Benefits

FEBRUARY 21, 2018

Your employees make a lot of decisions during their work day, but one of the most important decisions they’ll make comes once a year: what to do about their employee benefits. That can lead to distraction, frustration and disillusionment with their benefits — and can spill over into their job as well.

Life Insurance 45

Life Insurance Employee Enrollments Deductible Deductions 45

HR Professionals Magazine

MAY 4, 2023

By Kisha Moliere It is common to think of benefits administration technology (ben admin) platforms as a tool that only facilitates employee benefits enrollment and transfers benefits eligibility data between carrier and payroll systems. Be mindful that not all decision support tools are created equal.

Technology 52

Technology Utilities Payroll Deductible 52

Insperity

FEBRUARY 12, 2013

Basic systems, called HRIS (Human Resources Information Systems) or HRMS (Human Resources Management Systems) store essential data such as employee, benefits and payroll information. Imagine having all this information in one place: Hiring data like resumes and applicant info. New employee enrollment information.

Human Resources 40

Human Resources Payroll System Payroll Employee Enrollments 40

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

Winston Benefits

MAY 15, 2018

Benefits are a crucial part of your company’s compensation package, and could be the reason employees select you over a competitor. However, the benefits enrollment process can be tedious for HR, and both tedious and confusing for employees. Consider enrollment windows as well. Customization. Support Level.

Technology 45

Technology Employee Enrollments Deductible Deductions 45

Business Management Daily

NOVEMBER 30, 2021

They are a great add-on to a business’ employee benefits package and help employees pay for the expenses that they need to stay healthy and care for their loved ones. However, employees should retain documentation for all expenses that they plan to submit to their FSA. The patient does not have to be the employee.

Retail 52

Retail Healthcare Medical Flexible Spending Account 52

Benefit Resource Inc.

NOVEMBER 22, 2019

Notify employees of the benefit. Employers must notify covered employees of the commuter benefits offering, including how to obtain additional information regarding the benefits. Explain how to enroll. Employers must clearly explain how employees enroll and begin using the available commuter benefits.

Transportation 40

Transportation Employee Enrollments Benefits Package Utilities 40

Higginbotham

JULY 12, 2022

The IRS maintains information on rules for health flexible spending accounts, health reimbursement arrangements and other tax-favored health plans in Publication 969. See Publication 502 for more information on what is and is not generally allowable. Manage enrollment. Should you offer executive benefit reimbursement plans?

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductible 52

Proskauer's Employee Benefits & Executive Compensa

JANUARY 6, 2022

Although the temporary relief did not extend the deadline to file the required information to the IRS. Similar to the previous temporary extensions, the proposed regulations do not extend the deadline to file this information with the IRS. . . have their own individual mandates and concomitant information reporting requirements.

Electronics 52

Electronics Insurance Employee Enrollments Taxes 52

Corporate Synergies

JULY 8, 2019

Here are important considerations to guide you in your journey for easier, more streamlined benefits administration : Determine your organization’s needs. If you want to move to a better benefits technology solution, consider why. When figuring out your needs, focus on how your employees consume information and what your HR team needs.

Technology 44

Technology Retirement Plan Employee Enrollments Software 44

PeopleStrategy

NOVEMBER 12, 2019

Here are a few areas you want to be sure to include on your checklist: Addressing open enrollment and benefit plan participation. Assessing open enrollment and employees’ overall involvement in benefit offerings should be a big part of any year-end HR checklist.

Overtime 56

Overtime Payroll Employee Enrollments Deductible 56

Business Management Daily

SEPTEMBER 27, 2019

Employees with HDHPs more engaged in their care. Employees enrolled in high-deductible health plans are significantly more engaged in their health care than employees who have lower deductibles.

Health Savings Account 40

Health Savings Account Deductible Deductions Flexible Spending Account 40

Benefit Resource Inc.

DECEMBER 10, 2021

Web pages are a great way to create a central repository of documents, information, and resources. By working to address these things through automation and process improvements, you’ll help employees reduce their workloads – thus, decreasing chance of burnout and turnover. Compensation & Benefits Administration.

Payroll 40

Payroll Employee Enrollments Deductible Deductions 40