Remove Health Insurance Remove Insurance Carriers Remove Taxes
article thumbnail

2022 Health Insurance Outlook, Changes

InterWest Insurance Services

Here are the rules that will sunset at the end of 2021: Allowing employees who had declined group health insurance for the 2021 plan year to sign up for coverage. The CAA created a number of new requirements that affect health insurance and coverage. That’s a change from the prior threshold of 250. 1, 2022.

article thumbnail

Your 2025 benefits compliance checklist: What you need to know

WEX Inc.

Flexible spending accounts (FSA) Flexible spending 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. It is not legal or tax advice. March 3, 2025: Provide 1095-C forms to employees.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Professional Employer Organization (PEO): Right for Your Business?

Business Management Daily

For example, while some PEO companies only offer basic HR tasks like payroll services and compliance with tax laws, others provide more comprehensive service suites, including onboarding, health insurance, and administrative tasks. In particular, a CPEO bears the brunt of payroll tax responsibility to the IRS.

article thumbnail

Ask an Expert: Is There a 30-Day Grace Period to Make Changes to Elections in Cafeteria Plans?

InterWest Insurance Services

.” 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.

article thumbnail

Dear Valued Participant, we’re here for you

Benefit Resource Inc.

Lately, we’ve seen an uptick in questions around the roles of responsibilities of your company’s broker, your TPA (that’s us), and your health insurance provider. And where does your health insurance carrier play into this? What is a health insurance carrier? Pre-tax claims.

article thumbnail

Illness or Injury: How Your Business Can Protect Your Employees

InterWest Insurance Services

Tax-deductible premiums. Advantages of group disability insurance to the worker include the following: Affordability. No prior year tax returns or income verification are required. The employer reports income information to the disability insurance carrier. Easy, streamlined administration. List billing.

article thumbnail

Baby Health Insurance Playbook: 5 Steps to Plan for a Newborn

Corporate Synergies

A new father outlines requirements with his Baby Health Insurance Playbook. The same can be said for insuring a new dependent. To plan for newborn healthcare benefits, parents need a baby health insurance playbook. The Baby Health Insurance Playbook isn’t really a book. As Seen In.