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.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

InterWest Insurance Services

AUGUST 18, 2022

Q: We have an employee who wants to make changes to her cafeteria plan election, even though benefits are already effective. Employers: Don’t make this common cafeteria plan mistake! Employees cannot change their minds during the plan year outside of a special enrollment period authorized under Section 125.

Insurance Carriers 96

Insurance Carriers Taxes Employee Enrollments Health Insurance 96

Insperity

APRIL 29, 2021

There’s no getting around it – employers pay a hefty sum to provide health care benefits for their employees. The average private-sector employer spends an average of $2.65 per hour, per employee, for health-insurance costs, according to Sept. In 2021, employer expenses for health insurance are expected to rise by 3.9

Employee Benefits 128

Employee Benefits Health Insurance Insurance Benefits Package 128

Best Money Moves

SEPTEMBER 9, 2020

Preparing for virtual open enrollment in 2020. How employers can utilize employee data and streamline communications for successful virtual open enrollment. Employers are preparing for virtual open enrollment as many employees continue to work remotely during the COVID-19 pandemic.

Utilities 91

Utilities Employee Enrollments Benefits Package Healthcare 91

Business Management Daily

SEPTEMBER 9, 2021

FSAs are primarily funded by employees through pretax deductions, although employers may make contributions. Tax advantage: Employees’ and employers’ contributions are excluded from employees’ wages and aren’t subject to income or FICA taxes. Eligibility: FSAs are generally available only to current employees.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Employment Flexible Spending 52

InterWest Insurance Services

MARCH 7, 2024

Usually, these accounts are funded with pre-tax deductions from your employees’ paychecks, but if they didn’t max out their contributions last year, they still can do so up until the tax-filing deadline. Under IRS rules, for 2023 employers and employees can contribute a combined $3,850 for single employees and $7,750 for families.

401(k) 98

401(k) Health Savings Account Pharmaceutical Deductions 98

WEX Inc.

JULY 20, 2023

Nearly two-thirds of large employers offer their employees a choice between an HSA-eligible health plan (also known as a high-deductible health plan ) and a traditional health plan. Smaller employers may face challenges in providing these options, although participants have said they are interested in these health plan choices. “I

Deductible 75

Deductible Deductions Flexible Spending Account Health Savings Account 75

InterWest Insurance Services

JANUARY 17, 2023

There are a number of issues that Medicare-eligible workers face that your human resources staff may be asked about, such as: Penalties for late Medicare enrollment, Whether the employer plan is the primary or secondary payer of claims, and. The following are considerations for employers faced with workers nearing 65.

Health Insurance 97

Health Insurance Insurance Health Savings Account Hospitality 97

Griffin Benefits

OCTOBER 13, 2022

Earlier this year the IRS announced proposed regulations extending ACA affordability to other tiers of employer-sponsored group medical coverage (employee + child/spouse, family, etc.). Previously, ACA affordability was based solely on the employee-only tier of coverage. EMPLOYERS ARE NOT EXPOSED TO NEW PENALTY RISKS.

Taxes 92

Taxes Employee Enrollments Consulting Medical 92

InterWest Insurance Services

DECEMBER 9, 2021

As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. These rules were all not mandatory and employers could choose whether to relax them or not.

Health Insurance 98

Health Insurance Insurance Insurance Carriers Deductions 98

InterWest Insurance Services

FEBRUARY 20, 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.

Deductible 98

Deductible Deductions Out of Pocket Cost Health Savings Account 98

Proskauer's Employee Benefits & Executive Compensa

JANUARY 4, 2023

The Internal Revenue Code (the “Code”) requires insurance companies, self-insured plans, and applicable large employers (“ALEs,” generally those with 50+ full-time or full-time equivalent employees) to file annual statements with the IRS (via Forms 1094-B and 1094-C for insurance providers and ALEs, respectively).

Insurance 105

Insurance Employee Enrollments Taxes Consulting 105

Benefit Resource Inc.

OCTOBER 7, 2021

Similarly, when it comes to Open Enrollment, there are two big questions to ask: What method or platform are your employees using to enroll? The way your employees enroll will influence how that information is sent to your TPA. This approach is great for employers who want to offer the analog option.

Employee Enrollments 74

Employee Enrollments Benefits Package Taxes Education 74

Wellable

NOVEMBER 6, 2019

A recent study of employees enrolled in an incentive-based wellness program revealed cost savings to both the employees and their employer as well as improvement in other health measurements.

Employee Enrollments 56

Employee Enrollments Employment 56

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 Deductions Deductible Voluntary Benefits 83

Benefit Resource Inc.

APRIL 1, 2020

Money savvy employees enrolled in these accounts are probably aware that one of the benefits of the account (apart from the tax savings) is the ability to make election changes throughout the year. While some employers may restrict how often election changes can take place, there is still a good degree of flexibility.

Taxes 75

Taxes Employee Enrollments Medical Employment 75

Flimp Communications

JULY 24, 2020

Employers of all kinds have been shifting their benefits packages to be more flexible and tailored to each employee’s needs for years but, as the pandemic rears its head, flexibility is more important than ever. Many employees are still working from home at least some of the time.

Benefits Package 75

Benefits Package Retirement Plan Healthcare Employee Enrollments 75

Business Management Daily

NOVEMBER 15, 2021

Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. Employers are constantly looking for ways to remain competitive in their benefits offerings, and an FSA is a great add-on to your benefits package. Employers can choose one, but not both of these options.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

HR Digest

MARCH 28, 2023

A 401(k) plan is a type of retirement account offered by employers to their employees. It allows employees to save a portion of their pre-tax income for retirement. In recent years, some employers have started to offer a Roth 401(k) option, which allows employees to contribute after-tax dollars to their accounts.

401(k) 64

401(k) roth 401(k) Retirement Plan IT 64

Benefit Resource Inc.

AUGUST 13, 2019

According to a recent article from SHRM covering research from the Employees Benefit Research Institute (EBRI), enrollment in an HDHP promotes more conscious health care purchase decisions. For example, 55% of employees enrolled in an HDHP checked whether their health plan would cover their care or medication.

Deductible 45

Deductible Deductions Health Savings Account Employee Enrollments 45

Flimp Communications

NOVEMBER 7, 2019

Many organizations learn the hard way that the only way to implement some employee communications programs, particularly those involving new technology , is to undergo a top-to-bottom digital transformation. To do that effectively, employers need quality change management initiatives that avoid some common pitfalls.

Management 71

Management Employee Enrollments Health Insurance Construction 71

Empuls

SEPTEMBER 9, 2024

Over 70% of workers are signaling a powerful message: they want their employers to do more to ignite their passion and motivation. It's not just about the paycheck anymore—employees are yearning for purpose, recognition, and growth. The key to unlocking this potential?

Software 40

Software Technology Utilities Employee Enrollments 40

Flimp Communications

SEPTEMBER 26, 2019

As technology continues to transform open enrollment, employees need a different kind of help when searching for the best healthcare choices for them and their families. Happy employees enrolled in optimal benefits packages save money and boost engagement. Making Employee Training Videos Easy.

Benefits Package 65

Benefits Package Education Employee Enrollments Technology 65

HR Digest

DECEMBER 17, 2019

Health Insurance: The workers will be entitled to enroll with the comprehensive health plan which will help them overcome the future financial assistance that may arise due to an unknown event or accident that harms their health or body. The benefits will be equitably offered to all the employees.

Paid Vacation 64

Paid Vacation Overtime Health Insurance Insurance 64

Benefit Resource Inc.

APRIL 18, 2019

Again, the second person is the covered employee’s spouse (who is a dependent). Typically, when a covered employee enrolls in COBRA, they and their dependent receive 18 months of benefits through COBRA. This may include medical, dental and vision benefits. COBRA and Medicare – a matter of timing.

Health 82

Health Medical Employee Enrollments Employment 82

InterWest Insurance Services

SEPTEMBER 16, 2024

As open enrollment is right around the corner, now is the time to make a plan to maximize employee enrollment and help your staff select the health plans that best suit them. Here are some pointers to make open enrollment fruitful for both your staff and your organization. For plan years that begin on or after Jan.

Employee Enrollments 52

Employee Enrollments Health Insurance Human Resources Insurance 52

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. Meaning employers will be able to see precisely how and where brokers are making money. What does that mean for you as an employer?

Insurance Carriers 52

Insurance Carriers Health and Welfare Insurance Employee Enrollments 52

Empuls

AUGUST 20, 2024

Maintaining employee wellness in the form of workshops, ergonomic care, and health benefits breeds a positive and productive workforce that works twice as hard to capture new opportunities for your brand.  Hotjar’s wellness program Hotjar is a brilliant example of a brand incorporating employee wellness from home.

Employee Wellness 40

Employee Wellness Healthcare Employee Retention Employee Enrollments 40

Benefit Resource Inc.

JUNE 1, 2023

” Although rising premium rates are an on-going challenge for employers, a primary (and popular) method to overcome this is to implement a high-deductible health plan (HDHP). Overcoming the Challenge Implement an HDHP with Complementary Accounts A growing number of employers have implemented an HDHP as a choice for employees.

Flexible Spending Account 52

Flexible Spending Account Healthcare Health Savings Account Deductions 52

Higginbotham

AUGUST 13, 2024

Employers can help their employees by offering worksite benefits like hospital indemnity insurance and other supplemental benefits. When employees are stressed about their finances, they may lose sleep and have trouble focusing. Encourage employees to seek care when they need it. What is hospital indemnity insurance?

Hospitality 52

Hospitality Insurance Voluntary Benefits Benefits Package 52

Abel HR

JANUARY 21, 2021

As Santa was busy making a list and checking it twice, so too was the Equal Employment Opportunity Commission (EEOC), which was busy developing a naughty list of its own; on it, surprisingly, was employer-sponsored wellness programs!

Employee Wellness 52

Employee Wellness Health Insurance Medical Commissions 52

Benefit Resource Inc.

NOVEMBER 22, 2019

But it was only days ago, November 14, 2019 to be exact, that employers became at risk to pay penalties. Under the Sustainable DC Act of 2014, employers with more than 20 employees (including full and part-time employees) will be required to provide one of three commuter benefit options, including: Employee-paid pre-tax benefit.

Transportation 40

Transportation Employee Enrollments Benefits Package Utilities 40

Hppy

AUGUST 19, 2016

Often these programs are funded by the company and also the employee gets an incentive for joining the course. Continuous learning is beneficial for the employer as well as the workforce. Listed below are some benefits of continuous learning: Better career prospects for the employee. The need for continuous learning.

Education 47

Education Employee Enrollments Finance Taxes 47

HR Digest

APRIL 2, 2024

Unlike traditional benefit accounts such as Flexible Spending Accounts (FSAs) or Health Savings Accounts (HSAs), LSAs are primarily designed to cover a broad range of expenses related to employees’ physical, mental, and financial wellness. HSAs can be funded by both employer and employee.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Medical Flexible Spending 52

Fringe Benefit Analysts

AUGUST 15, 2022

Many receive this coverage as a benefit of their employment. Employers who do not offer coverage can have a more difficult time attracting recruits and retaining employees. All members contribute to the plan, as well as the employer, to help reduce health care costs for every member. Read on for a thorough overview.

Insurance 52

Insurance Health Insurance IT Deductions 52

HR Professionals Magazine

APRIL 4, 2022

Many employers’ tech stacks consist of disparate systems for payroll/HRIS and benefits administration (ben admin). For example, will an employee enrolling in the benefits platform a month prior to their effective date cause an issue for the payroll system? By Kisha Moliere.

Payroll 52

Payroll Payroll System Deductions Deductible 52

Winston Benefits

MARCH 8, 2018

If employees requested more communication or decision-support tools on your enrollment portal, they might be disappointed and discouraged if they don’t see any updates. Even just updating your enrollment booklet online and adding new FAQs can be a tremendous help to your employee population. What If We Add New Benefits?

Technology 45

Technology Health Savings Account Voluntary Benefits Employee Enrollments 45