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. This can be a significant boost to an employee’s retirement plans and savings. How does 401(k) work? The post What is a 401(k) Plan and How Does it Work?

401(k) 64

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

WEX Inc.

MAY 8, 2023

More employees are enrolling in a high-deductible health plan (HDHP) each year, including more than half of U.S. But there are still misunderstandings that exist among employees about the significant value of an HDHP (or HSA-eligible health plan) and how it compares to a traditional health plan. private-sector workers in 2021.

Deductible 97

Deductible Deductions Health Savings Account Employee Enrollments 97

Winston Benefits

OCTOBER 31, 2017

Highly trained benefits counselors can chat with employees on the phone or meet with them in person, whichever they prefer, while providing a wealth of information online makes it possible for employees to review their options at their own convenience.

Employee Enrollments 45

Employee Enrollments Health Savings Account Education Employee Benefits 45

BerniePortal

OCTOBER 12, 2020

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?

Employee Enrollments 75

Employee Enrollments IT Healthcare 75

InterWest Insurance Services

MAY 23, 2024

The dilemma for employers has often been whether to keep the Medicare-eligible employee on the company health plan or cut them free on Medicare. For small employers, it’s legal to set up an arrangement like that, as long as doing so is at the employee’s discretion. Part D, meanwhile, covers prescription drug costs.

Employment 98

Employment Medical Employee Enrollments Health Insurance 98

InterWest Insurance Services

AUGUST 18, 2022

Many group health insurance plan sponsors and administrators have the mistaken belief that the law allows employees enrolling in Section 125 cafeteria plans to change their elections, as long as they do so within 30 days of the plan becoming effective. This is not correct. And this misconception can have serious consequences.

Insurance Carriers 96

Insurance Carriers Taxes Employee Enrollments Health Insurance 96

Employee Benefits

MAY 29, 2024

Support and communications that are useful to the majority of employees can avoid exclusion. In its State of financial wellbeing index 2024 report, published in May 2024, Wagestream found that half (54%) of the employees surveyed said financial concerns have caused their mental health to decline.

Employment 116

Employment Education Employee Enrollments Technology 116

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! Invest, Invest, Invest!

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Deductible Deductions Taxes Flexible Spending Account 52

Fringe Benefit Analysts

AUGUST 15, 2022

Employers who do not offer coverage can have a more difficult time attracting recruits and retaining employees. Employers select a plan, then offer it to their employee who may decide to participate or not. How To Enroll. For employees, enrolling in a group health insurance plan may occur during a specific period.

Insurance 52

Insurance Health Insurance IT Deductible 52

Insperity

APRIL 29, 2021

There’s no getting around it – employers pay a hefty sum to provide health care benefits for their employees. per hour, per employee, for health-insurance costs, according to Sept. When PEOs assume responsibility for providing benefits, they also assume responsibility for educating employees on their benefit plans.

Employee Benefits 128

Employee Benefits Health Insurance Insurance Benefits Package 128

Best Money Moves

SEPTEMBER 9, 2020

A survey by MetLife found that employees dread open enrollment almost as much as going to the DMV to renew their driver’s license and 20 percent of them spend only a few minutes reviewing benefits plans before making a selection. Preparing for Virtual Open Enrollment in 2020. Managing Costs While Meeting Needs.

Utilities 91

Utilities Employee Enrollments Benefits Package Healthcare 91

InterWest Insurance Services

JANUARY 17, 2023

If you plan to discontinue coverage for employees who are turning 65, you should communicate with them well ahead of the time they need to sign up for Medicare. How it works: Let’s say your employee has foot surgery: Medicare pays first up to the limits of its coverage. Discontinuing group health coverage.

Health Insurance 97

Health Insurance Insurance Health Savings Account Hospitality 97

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. Those who are offered them told us they don’t always cover enough of their costs.

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Deductible Deductions Flexible Spending Account Health Savings Account 75

InterWest Insurance Services

MARCH 1, 2024

Multiple studies have consistently shown that a robust set of employee benefits is a vital component of an overall compensation package. As a result, many employers are increasingly turning to voluntary employee benefits, which allow them to provide valued, high-demand benefits to employees at little or no cost to the company.

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Voluntary Benefits Disability Insurance Deductible Deductions 98

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. Childbirth is expensive and newborns require numerous doctor’s visits and vaccinations in their first year and beyond.

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. The employer can also contribute to its employees’ HSAs to encourage participation.

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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. That’s a change from the prior threshold of 250.

Health Insurance 98

Health Insurance Insurance Insurance Carriers Deductible 98

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

Benefit Resource Inc.

OCTOBER 7, 2021

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. Check out our Open Enrollment Checklist, and make sure you’re still on target for a successful start to your new plan year: Laying the Foundation.

Employee Enrollments 74

Employee Enrollments Benefits Package Taxes Education 74

15Five

FEBRUARY 13, 2020

Learn how to create a mindset shift for yourself and your employees. Enroll in the Best-Self Academy! As business leaders, compassion is one of the most powerful tools we have to accomplish this. How fostering gratitude is the best antidote for negativity and will fuel high-performance. • There’s a subtle distinction there.

Employee Enrollments 99

Employee Enrollments Engineering Management IT 99

Empuls

SEPTEMBER 9, 2024

It's not just about the paycheck anymore—employees are yearning for purpose, recognition, and growth. Cutting-edge employee motivation tools that can transform your workplace into a hub of inspiration, energy, and unstoppable performance.   The key to unlocking this potential?

Software 40

Software Technology Utilities Employee Enrollments 40

Benefit Resource Inc.

APRIL 1, 2020

Here are the main updates employees should know about. 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. What does this mean for employees? Employees have different options.

Taxes 75

Taxes Employee Enrollments Medical Employment 75

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. Employee benefits used to be structured with one thing in mind: saving the company money.

Benefits Package 75

Benefits Package Retirement Plan Healthcare Employee Enrollments 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. The employer can also contribute to its employees’ HSAs to encourage participation.

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Out of Pocket Cost Deductible Deductions Voluntary Benefits 83

Flimp Communications

NOVEMBER 7, 2019

And each employee has a decision to make: to go along with or resist the change. It happens at the individual employee level. When introducing new, digital ways of performing operations employees have always done one way, you must come to employees on their level. Overlooking the Individual in Change Management.

Management 71

Management Employee Enrollments Health Insurance Construction 71

Empuls

AUGUST 28, 2024

As the competition for skilled employees intensifies, businesses are increasingly recognizing that a robust benefits package can be the decisive factor in an employee's decision to join or stay with a company. Conduct surveys or focus groups to gather feedback on what your workforce values most.

Benefit Providers 40

Benefit Providers Employee Benefits 401(k) Retirement Plan 40

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.    What are the benefits of employee wellness programs? Nike’s wellness program First up, we have Nike. ” 4.

Employee Wellness 40

Employee Wellness Healthcare Employee Retention Employee Enrollments 40

Benefit Resource Inc.

AUGUST 13, 2019

The term “high deductible health plan” has often carried with it a negative connotation for employees. 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. Like this blog?

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Deductible Deductions Health Savings Account Employee Enrollments 45

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. From Onboarding to Benefits Training. That’s onboarding.

Benefits Package 65

Benefits Package Education Employee Enrollments Technology 65

Benefit Resource Inc.

APRIL 18, 2019

We will cover two main topics: When someone enrolled in COBRA becomes eligible for Medicare. This person will be referred to as “the covered employee” through the blog. Again, the second person is the covered employee’s spouse (who is a dependent). Our first post addressed how Medicare and HSAs interact.

Health 82

Health Medical Employee Enrollments Employment 82

Business Management Daily

SEPTEMBER 3, 2021

A self-service mobile app lets employees enroll in benefits and access timesheets, W-2 forms and other payroll data. This cloud-based tool is designed for small and midsized businesses and includes benefits, payroll , an applicant tracking system (ATS) and various employee engagement tools. Workday HCM.

Payroll 90

Payroll Work From Home PTO Software 90

HR Digest

DECEMBER 17, 2019

This agreement takes place when the new employee joins the company and gives his consent to the compensation letter wherein the declaration about the remuneration and benefits associated with the job positions are clearly stated. The benefits will be equitably offered to all the employees.

Paid Vacation 64

Paid Vacation Overtime Health Insurance Insurance 64

Insperity

NOVEMBER 24, 2014

This might affect your employees’ decision to continue coverage. In this case, it could be explaining the actions your employees will need to take to maintain this policy on their own. On the administrative side, this streamlines the process so the data entered by employees is ready to go directly to the insurance provider.

Insurance 79

Insurance Employee Enrollments Hospitality Deductible 79

Winston Benefits

OCTOBER 25, 2017

We’re looking forward to working further with the company to develop new vendor interfaces that can help employees track wellness initiatives, as well as other features. Improved Employee Communications. Understanding benefits is key to employee satisfaction and participation. The results? This level of engagement gets results.

Manufacturing 45

Manufacturing Food Technology Employee Enrollments 45

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

Business Management Daily

NOVEMBER 15, 2021

Amazon and other retailers often note which items are FSA eligible on their online stores and allow you to specifically search for FSA eligible items to make it easier for employees to spend their FSA balance. Employees typically need to use the money in their FSA within the plan year. Dental exams and x-rays. Fillings and sealants.

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Flexible Spending Account Flexible Spending Medical Healthcare 98

Winston Benefits

JANUARY 31, 2022

Brianna: The employee enrollment experience has been one of the most important improvements Winston makes … Continue reading "Employee Spotlight – Talking HRally ® Evolution with Lead Implementation Analyst, Brianna Coulson".

Employee Enrollments 40

Employee Enrollments IT 40