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Two in five older staff are unaware of their total retirement savings

Employee Benefits

Two-fifths of older employees are unaware of how much they have saved for retirement, according to research by workplace savings and pensions fintech Cushon.

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4 HDHP trends you don't want to miss

WEX Inc.

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.

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3 Tips for Employee Enrollment Solutions After a Merger or Acquisition

Winston Benefits

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.

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Spread the Word About Additional HSA Contributions

InterWest Insurance Services

They are only available to employees enrolled in a high-deductible health plan. HDHPs feature lower premiums in exchange for a higher deductible, meaning the employees have to pay more out of pocket before coverage kicks in. Withdrawals to reimburse for these expenses are also not taxed.

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Active vs. Passive Enrollment: Which Should HR Prefer? | BerniePortal

BerniePortal

Open enrollment is approaching, which means it's time for HR to begin thinking about strategy—and that strategy needs to include more than just the benefits you're offering. Administrators must consider how to get their employees enrolled in the available benefits. What's the difference? Is there a better option?

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Ask an Expert: Is There a 30-Day Grace Period to Make Changes to Elections in Cafeteria Plans?

InterWest Insurance Services

.” Employees cannot change their minds and make changes to pre-tax cafeteria elections during the plan year, once benefits become effective — unless a special enrollment period as defined under IRC Section 125 applies , or the employer is correcting an administrative error. This is not correct.

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How can employers effectively deliver financial wellbeing support to a dispersed workforce?

Employee Benefits

Taking the time to understand and respond to feedback can foster a positive work environment and ensure employees are getting what they need. Andreas Hunter, head of wellbeing at Gallagher, says: “Organisations should review employee enrolment and flex data to provide insights.