InterWest Insurance Services

AUGUST 18, 2022

.” 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.

Insurance Carriers 96

Insurance Carriers Taxes Employee Enrollments Health Insurance 96

Winston Benefits

OCTOBER 31, 2017

With almost 30 years of experience in the enrollment space we stand beside the philosophy that communicating and educating employees on all of their benefits leads to better and more informed decisions. Here’s what we recommend. Embrace the Opportunity of Change. A consistent message across multiple channels is key.

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

Griffin Benefits

OCTOBER 13, 2022

The IRS announced a new qualifying event that will allow employees enrolled in family coverage that is not affordable to drop those family members mid-year so they may enroll in subsidized coverage through the exchange – this is a permitted election change, not a HIPAA Special Enrollment Right, therefore plans are not required to allow this change.

Taxes 92

Taxes Employee Enrollments Consulting Medical 92

Flimp Communications

OCTOBER 30, 2024

About half of American employers offer HSAs — coupled with high-deductible health plans (HDHPs) — but, according to one study , 69% of employees don’t understand their benefits or uses. When given the option, nearly two-thirds of employees enroll in an HSA-eligible health plan — a sign of progress!

Deductible 52

Deductible Deductions Taxes Flexible Spending Account 52

InterWest Insurance Services

NOVEMBER 10, 2022

One of the most difficult aspects of annual open enrollment is reaching workers who are disengaged from the process and never bother signing up for your group health plan and other benefits they could take advantage of. They want information that helps them get the most bang for their buck.

401(k) 97

401(k) Health Savings Account Health Insurance Insurance 97

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. Some of this information can be gathered by doing an anonymous survey of your staff.

Deductible 98

Deductible Deductions Out of Pocket Cost Health Savings Account 98

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. Some of the changes concern temporary rules that were implemented during the COVID-19 pandemic.

Health Insurance 98

Health Insurance Insurance Insurance Carriers Deductible 98

InterWest Insurance Services

MARCH 28, 2024

One such employee enrolled in one of your group health insurance plans can result in massive costs that overshadow those of the rest of your workforce if you are a small or mid-sized employer.

Employment 98

Employment Pharmaceutical Health Insurance Medical 98

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. But that doesn’t mean they will.

Utilities 91

Utilities Employee Enrollments Benefits Package Healthcare 91

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? How are you sending that information to your Third Party Administrator (TPA)? The way your employees enroll will influence how that information is sent to your TPA.

Employee Enrollments 74

Employee Enrollments Benefits Package Taxes Education 74

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

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. Some of this information can be gathered by doing an anonymous survey of your staff.

Out of Pocket Cost 83

Out of Pocket Cost Deductible Deductions Voluntary Benefits 83

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

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

Insperity

NOVEMBER 24, 2014

You can help your employees by providing contact information of an agent who can answer their questions or a brochure that explains all their options. Hold an employee meeting. One of the best ways to introduce year-to-year changes is in an employee meeting. Take advantage of technology.

Insurance 79

Insurance Employee Enrollments Hospitality Deductible 79

Business Management Daily

SEPTEMBER 3, 2021

Your HR duties have grown more complex in recent years, and the spike in remote employees is only adding to that stress. That’s why more HR departments of all sizes are turning to human resource information system (HRIS) software to streamline their growing list of tasks.

Payroll 90

Payroll Work From Home PTO Software 90

Empuls

AUGUST 28, 2024

The role of employee benefits providers Employee benefits providers play a critical role in enhancing employee satisfaction and retention by offering comprehensive benefits packages that meet the diverse needs of today’s workforce. 

Benefit Providers 40

Benefit Providers Employee Benefits 401(k) Retirement Plan 40

Empuls

SEPTEMBER 9, 2024

  Examples Quest Diagnostics Implemented an enhanced engagement program including engagement platforms that led to over 1,000 employees enrolling, marking their highest rate of engagement in the past five years. KPMG utilized various engagement strategies including employee feedback tools, engagement platforms etc.,

Software 40

Software Technology Utilities Employee Enrollments 40

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.

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. 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

Winston Benefits

OCTOBER 25, 2017

During open enrollment we handled 2,575 calls, averaging more than 12 minutes a call, saving HR employees 66 work service days. Through our custom benefits administration platform, the company can now manage 13 plan options in multiple languages, while also providing rules, rates and eligibility information on one platform.

Manufacturing 45

Manufacturing Food Technology Employee Enrollments 45

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. Here are some tips for helping employees make benefits decisions. Decision tools on the enrollment portal. Tools and Calculators.

Life Insurance 45

Life Insurance Employee Enrollments Deductible Deductions 45

Abel HR

JANUARY 21, 2021

Noting the success of tobacco cessation programs and the reduction in health costs associated with quitting smoking, the policy allowed employees who participate in programs designed to prevent or reduce tobacco use to earn up to 50 percent of their individual coverage costs.

Employee Wellness 52

Employee Wellness Health Insurance Medical Employee Enrollments 52

HR Professionals Magazine

APRIL 4, 2022

This means if you change an employee from hourly to salary in the ben admin platform, the payroll system would not be updated. Similarly, you’ll want to know if deduction information flows in both directions, or if it only flows from the ben admin system to the payroll system via the API.

Payroll 52

Payroll Payroll System Deductible Deductions 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

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

Winston Benefits

MARCH 8, 2018

How Often Do You Update Information? 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. Some changes take longer than others, so the sooner you can start the process, the better.

Technology 45

Technology Health Savings Account Voluntary Benefits Employee Enrollments 45

Business Management Daily

NOVEMBER 30, 2021

The Internal Revenue Service (IRS) states that if the use of these provider cards meets certain substantiation methods, the employee may not have to provide additional information to the health FSA provider including receipts. However, employees should retain documentation for all expenses that they plan to submit to their FSA.

Retail 52

Retail Healthcare Medical Flexible Spending Account 52

Hppy

AUGUST 19, 2016

Offer subsidies in fees, or tuition incentives to encourage employees. Enrol your workers in executive or short-term crash courses that though expensive save a lot on time. Consider distance learning or correspondence courses for employees. Be well connected to universities for more information on the courses available.

Education 47

Education Employee Enrollments Finance Taxes 47

Higginbotham

AUGUST 13, 2024

The ideal situation is to offer multiple voluntary benefit options and let workers decide which ones they want to enroll in. To ensure your employees enroll in the plans they need and understand the value of their benefits, it’s important to provide information on what the plans cover, how they work and why it may be a smart idea to enroll.

Hospitality 52

Hospitality Insurance Voluntary Benefits Benefits Package 52

HR Professionals Magazine

MAY 4, 2023

A 2022 Harris poll found that 72% of employees said “they wish someone would tell them what the best health insurance for their unique situation is.” TBX’s Benefits Genius is another intelligently designed decision support tool that is used by 87% of employees – with 85% of them electing the recommendation.

Technology 52

Technology Utilities Payroll Deductible 52

Winston Benefits

MAY 15, 2018

If you plan to use the platform to communicate with employees, make sure it can host communication materials and videos. Consider enrollment windows as well. Some benefits tech vendors also integrate with carriers to support direct billing and reimbursement, and update employee information across providers. Customization.

Technology 45

Technology Employee Enrollments Deductible Deductions 45

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

PeopleStrategy

NOVEMBER 12, 2019

Assessing open enrollment and employees’ overall involvement in benefit offerings should be a big part of any year-end HR checklist. Obviously you and the providers you select for your benefit offerings need to know how many employees enroll in each plan.

Overtime 56

Overtime Payroll Employee Enrollments Deductible 56

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. Non-Discrimination Rules and Highly Compensated Individuals.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductible 52

PeopleStrategy

JULY 26, 2017

Once you’ve completed a detailed evaluation of last year and identified what employees want, set your goals and objectives. In addition to improving weak spots of past enrollments, identify any specific benchmarks you would like to reach, such as boosting the number of employees enrolled in dental plans by X amount.

Employee Enrollments 40

Employee Enrollments Healthcare Technology Human Resources 40