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HealthInsurance Associate (HIA) The HealthInsurance Associate (HIA) certification is offered by America’s HealthInsurance Plans (AHIP). It focuses on the fundamentals of healthinsurance, making it highly relevant for benefits professionals responsible for health and wellness programs.
In addition, new rulemaking is likely to be introduced in 2022 that will affect health plans, including non-discrimination rules for wellness plans and new rules governing what must be included on insurance plan ID cards. The CAA created a number of new requirements that affect healthinsurance and coverage.
One of the most significant employee benefits that Pazcare offers is healthinsurance. Healthinsurance is an essential component of employee benefits, and Pazcare recognizes the importance of it. In addition to healthinsurance and retirement savings plans, Pazcare also offers flexiblespendingaccounts (FSAs).
If you’re shopping for group healthinsurance for your company the first or second time around, it can be hard to make a confident choice. Not to mention, the Affordable Care Act (ACA) has changed the group healthinsurance market considerably. High-deductible health plans.
The ACA in particular, introduced a fundamental change to the rules governing how employers offer healthinsurance. However, Byrd said that despite these changes, the percentage of working-age Americans receiving healthinsurance through their employer has remained relatively stable over time.
In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexiblespendingaccounts, financial goal progress, and investment portfolio status. Insurance Check-Up - While stocks have trended downward so far in 2022, insurance premiums (homeowners, auto, health, etc.)
Flexiblespendingaccounts (FSA) Flexiblespendingaccounts (FSAs) offer a valuable tax-advantaged benefit, but the IRS use-or-lose rule can result in forfeited funds if employees dont use their balances by the deadline. Key dates February 28, 2025: Paper filing deadline for 1095-C forms.
They include 529 college savings plans, flexiblespendingaccounts (FSAs), tax-deferred annuities, and health savings accounts (HSAs) for people with high-deductible healthinsurance plans. Bottom Line: tax-efficient investment strategies allow investors to retain more of their investment earnings.
USI is a leading insurance brokerage and consulting firm that specializes in employee benefits. USI’s benefits offerings include a comprehensive suite of healthinsurance options, including medical, dental, and vision insurance.
Whether you’re transitioning from your parents’ insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. However, your eligibility for either account can be influenced by the health plan you choose.
If your employer offers a health reimbursement arrangement (HRA), then you have access to a unique health benefit that empowers you to make your own healthcare choices in ways a traditional group healthinsurance plan doesn’t.
Employers can choose from a range of pre-tax benefits, including healthinsurance, dental insurance, vision insurance, and other types of benefits. The PeopleKeep platform offers customizable benefits solutions for businesses of all sizes.
NFP is a leading provider of employee benefits, wellbeing, and insurance solutions. They offer a wide range of services, including group healthinsurance, dental and vision coverage, life insurance, short- and long-term disability insurance, flexiblespendingaccounts, and more.
The platform streamlines HR processes and benefits administration by offering a single, centralized platform for employees to access and manage their benefits, from healthinsurance and retirement plans to time-off tracking and more. One of the key benefits of GoCo is its ease of use.
From mandated healthinsurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. Healthinsurance Those benefits provide a baseline of employee expectations. Health care flexiblespendingaccounts 3. Healthinsurance 2.
When approaching open enrollment, do … Evaluate available healthinsurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. The “daily grind” can often get in the way of the big picture, but don’t let it!
Through the platform, employers can offer a wide range of benefits, including healthinsurance, retirement plans, flexiblespendingaccounts, and more. In addition to benefits administration, Businessolver recognizes the importance of employee engagement and wellbeing.
Options can include: Healthinsurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. Flexiblespendingaccount. Call us for more information on how you can set up a flexible benefit plan for your staff. Flexiblespendingaccounts.
It allows employees to explore and select their desired benefits packages from a wide range of options, including healthinsurance, retirement plans, flexiblespendingaccounts, and more. One of the key features of Benefit Elect is its robust benefits enrollment system.
Through a user-friendly interface, employees can easily access and manage their benefits, including healthinsurance, retirement plans, flexiblespendingaccounts, and more. The platform is highly configurable, allowing employers to tailor their benefits programs to meet the unique needs of their workforce.
This means that employers can easily manage various benefit plans, such as healthinsurance, retirement savings, flexiblespendingaccounts, and more, all in one place. One of the key advantages of Benefitfirst is its ability to consolidate multiple benefits offerings into a single, centralized platform.
The platform supports a wide range of benefit types, including healthinsurance, dental and vision coverage, retirement plans, flexiblespendingaccounts, and more. With BENEFITFOCUS, employers can create customized benefits plans that meet the unique needs of their workforce.
As rising healthinsurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Fortunately, there is another option: a health reimbursement arrangement (HRA). Qualified medical expenses. How HRAs work.
You’re reading your healthinsurance policy and come across a coinsurance clause. Here’s what you need to know about this common insurance term. This is called cost sharing, and it’s common in many types of insurance. Cost sharing helps insurance companies and policyholders achieve certain goals.
Although some small business owners may feel overwhelmed by the prospect of offering healthinsurance and other benefits, the many advantages can make the effort worthwhile. ALEs are subject to certain health care reporting requirements. However, many small employers decide to offer healthinsurance anyway.
It simplifies the enrollment and management of employee benefits programs, such as healthinsurance, retirement plans, and flexiblespendingaccounts. Additionally, Proliant’s HCM platform includes comprehensive benefits administration capabilities.
The platform enables HR teams to manage employee benefits, such as healthinsurance, retirement plans, and flexiblespendingaccounts. Benefits administration is simplified through iSolved’s robust functionality.
The average employer covers 78% of their employees’ healthinsurance premiums, up from 74% in 2022. Participation in HSAs and flexiblespendingaccounts fell 20% from 2022 to 2024, indicating that employers are not doing enough to educate their staff about these tax-advantaged accounts.
They have three specific flexible benefits for your employees to choose from: Pre-tax healthinsurance premium deductions Premium-only plans allow your employees to elect to withhold a portion of their pre-tax salary to pay for their portion of the premium contribution to their employer-sponsored plan.
To help these new recruits get the most out of the benefits you offer, you can start by focusing on the following: School them on healthinsurance. To many new Gen Z recruits, signing up for healthinsurance and actually using their benefits is a foreign concept.
A new father outlines requirements with his Baby HealthInsurance Playbook. The same can be said for insuring a new dependent. To plan for newborn healthcare benefits, parents need a baby healthinsurance playbook. The Baby HealthInsurance Playbook isn’t really a book. As Seen In.
There are a few different types of medical reimbursement plans including: Health Reimbursement Arrangements (HRAs), Healthcare Reimbursement Plans (HRPs), Health Savings Accounts (HSAs), and HealthFlexibleSpendingAccounts (FSAs). FlexibleSpendingAccounts (FSAs).
There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Dental Insurance. Vision Insurance.
It’s almost time for year-end small group open enrollment and you need to drive engagement so that your employees can make informed decisions about their healthinsurance options. We want to help you help your employees understand all of their options so that they can purchase a plan that is appropriate for their situation.
In today’s increasingly competitive job market, offering a basic healthinsurance package is no longer enough to attract and retain top talent. The Evolution of Employee Benefits Employee benefits have come a long way since the days of basic healthinsurance coverage with a savings retirement plan thrown in.
If you’re shopping for group healthinsurance for your company the first or second time around, it can be hard to make a confident choice. Not to mention, the Affordable Care Act (ACA) has changed the group healthinsurance market considerably. High-deductible health plans.
Flexible work options. Employees still want traditional options such as retirement plans, educational assistance, and healthinsurance. Accident and Health Benefits . Group-term life insurance . Health Savings Accounts. FlexibleSpendingAccounts: funded by salary reduction.
Though the employer mandate provisions of the Affordable Care Act have been delayed, health care insurance costs, taxes and fees are expected to continue to climb. Postponing your decision to provide health care insurance could prove to be very costly for your business. Don’t offer healthinsurance to your employees.
Whether you're transitioning from your parents' insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. However, your eligibility for either account can be influenced by the health plan you choose.
These include a Summary of Benefits and Coverage (SBC), privacy practices on personal health information (HIPPA), the Children’s HealthInsurance Program Reauthorization Act on Health Coverage assistance (CHIPRA), Women’s Health and Cancer Rights Act (WHCRA), and COBRA General Rights and Election Notices.
From employer-sponsored healthinsurance to retirement savings plans, an attractive benefits package can help you hire the best employees and ensure you retain them for many years to come. Outside vendors, such as the insurance provider and investment company. How does a flexiblespendingaccount work?
Benefits and Deductions: Collect information related to employee benefits and deductions, such as healthinsurance, retirement contributions, flexiblespendingaccounts, loan repayments, or garnishments. Ensure accuracy and verify any changes or updates.
The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexiblespendingaccounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. 7,750 for family coverage (up $450).
FlexibleSpendingAccounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. These funds are placed in an FSA account that employees can use to pay for eligible expenses. Copays, co-insurance, and deductibles for medical care. Types of FSA Plans.
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