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Maximizing FSA Utilization: Why Communication from HR Is Key

Flimp Communications

As year-end draws closer, countless employees unknowingly leave money on the tablemoney theyve set aside for healthcare through their Flexible Spending Accounts (FSAs). These mini-microsites are designed to simplify communication of key ways to take advantage of benefits, and remind employees to act before the deadline.

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Fully Insured vs Self-Insured vs Level-Funded: What Does It All Mean To The Small Employer?

Fringe Benefit Analysts

Premium Rates Because an insurance carrier must obey simple math in order to function, it needs to bring in at least as much in premiums as it costs to pay the incurred medical claims (and the employees of the insurance carrier often want to take home paychecks, too). What Is Pooling?

Insiders

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Does Medical Debt Affect Your Credit Score? Essential Information

PeopleKeep

But that doesn’t mean they don’t have medical bills 1. Even if your health plan has a low deductible and few copayments , your insurance provider will likely only pay a portion of your healthcare costs, leaving you to cover the rest. From there, they can accumulate into staggering medical debt.

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6 steps to designing a great employee benefits program

Achievers

These mandated benefits may include leave time for caring for family or personal medical purposes, worker’s compensation, as well as health, disability, and unemployment insurance. Additional flexibility in when and where employees work, together with family friendly leave policies, can make a big impact at a low cost.

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What Does HR Do All Day?

HR Lineup

They act as a liaison between employees and management, handling conflicts and ensuring that employees are treated fairly and with respect. They work with insurance providers and other vendors to ensure that employees have access to the benefits they need, such as healthcare coverage, retirement savings plans, and paid time off.

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People over perks: Bridging employee benefits with strong HR

Insperity

Additionally, consider providing bereavement leave for the death of a close loved one to support employees’ mental health and wellbeing. Establish a benevolence program that issues payouts to employees facing financial hardship; for example, following a natural disaster or diagnosis of a major, life-threatening medical condition.

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How Does the FMLA Apply to a Remote Workforce?

McDermott Will & Emery Employee Benefits

The Family and Medical Leave Act (FMLA) was enacted in 1993, a year when the idea of working a corporate job from a living room was rare. sales representatives, healthcare […]. When the law was passed, the FMLA didn’t contemplate a remote workforce.