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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.
Here are the rules that will sunset at the end of 2021: Allowing employees who had declined group healthinsurance for the 2021 plan year to sign up for coverage. The CAA created a number of new requirements that affect healthinsurance and coverage. More guidance coming. 1, 2022.
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.
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 flexiblespending accounts (FSAs).
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, flexiblespending accounts, financial goal progress, and investment portfolio status. Now is a good time to explore money-saving strategies to reduce insurance costs. Automated Payments Review - Payments for utilities (e.g.,
Flexiblespending accounts (FSA) Flexiblespending accounts (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, flexiblespending accounts (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.
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.
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. For starters, let’s look at a few considerations when evaluating health plans for the first time.
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!
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.
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 flexiblespending accounts 3. Healthinsurance 2.
Through the platform, employers can offer a wide range of benefits, including healthinsurance, retirement plans, flexiblespending accounts, and more. In addition to benefits administration, Businessolver recognizes the importance of employee engagement and wellbeing.
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.
It allows employees to explore and select their desired benefits packages from a wide range of options, including healthinsurance, retirement plans, flexiblespending accounts, 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, flexiblespending accounts, 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, flexiblespending accounts, 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, flexiblespending accounts, and more. With BENEFITFOCUS, employers can create customized benefits plans that meet the unique needs of their workforce.
They offer a wide range of services, including group healthinsurance, dental and vision coverage, life insurance, short- and long-term disability insurance, flexiblespending accounts, and more.
It simplifies the enrollment and management of employee benefits programs, such as healthinsurance, retirement plans, and flexiblespending accounts. 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 flexiblespending accounts. Benefits administration is simplified through iSolved’s robust functionality.
As one of the most expensive aspects of running a small business, healthinsurance is top of mind for many employers. What is the best way to provide insurance? Should you provide insurance at all? Why HealthInsurance For Small Businesses Matters. HealthInsurance For Small Business Owners: 4 Options.
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.
Options can include: Healthinsurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. Flexiblespending account. Call us for more information on how you can set up a flexible benefit plan for your staff. Flexiblespending accounts.
The average employer covers 78% of their employees’ healthinsurance premiums, up from 74% in 2022. Participation in HSAs and flexiblespending accounts fell 20% from 2022 to 2024, indicating that employers are not doing enough to educate their staff about these tax-advantaged accounts.
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.
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.
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.
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.
Don’t offer healthinsurance to your employees. Under health care reform, you don’t have to offer healthinsurance to your employees. If you have fewer than 50 employees, you are not subject to the Play or Pay rules, so there is no penalty for not offering healthinsurance.
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.
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.
Benefits and Deductions: Collect information related to employee benefits and deductions, such as healthinsurance, retirement contributions, flexiblespending accounts, loan repayments, or garnishments. Ensure accuracy and verify any changes or updates.
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. FlexibleSpending Accounts: funded by salary reduction. Adoption Benefits.
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!
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. In most companies, employees can change some benefits, especially healthinsurance, only during an annual open enrollment period.
The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexiblespending accounts. To qualify, the healthinsurance plan must have a minimum deductible of: $1,500 for self-only coverage (up $100 from 2022); or. 7,750 for family coverage (up $450).
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.
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. For starters, let’s look at a few considerations when evaluating health plans for the first time.
FlexibleSpending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. While flexiblespending accounts are typically associated with medical costs there are a couple of different types of FSAs. Healthinsurance premiums including COBRA premiums.
As leadership teams evaluate small business healthinsurance options , many want to know how they can reimburse employees tax-free for medical expenses.
3 HealthInsurance Benefits. Employers who don’t offer healthinsurance might want to reconsider and employers who do should audit their healthcare offerings to determine the out of pocket costs of deductibles, prescriptions, copays and then work with benefits brokers to provide better coverage. . 4 Paid Time Off.
Common incentives for participation include cash bonuses, reducing contributions towards healthinsurance and providing a flexiblespending account. Some employees may be dissuaded or nervous in volunteering in a program like this.
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