InterWest Insurance Services

MARCH 7, 2024

HSAs allow your employees to put away funds to pay for future medical expenses. Usually, these accounts are funded with pre-tax deductions from your employees’ paychecks, but if they didn’t max out their contributions last year, they still can do so up until the tax-filing deadline.

401(k) 92

401(k) Health Savings Account Pharmaceutical Deductions 92

InterWest Insurance Services

JANUARY 17, 2023

If you decide to keep them on the company’s plan, how you handle their insurance depends on your size: Fewer than 20 employees — Employees who work for these firms will need to enroll in Medicare when they turn 65. Medicare will be the primary payer of health insurance claims for these workers under the law.

Health Insurance 86

Health Insurance Insurance Health Savings Account Hospitality 86

InterWest Insurance Services

JANUARY 20, 2022

One of the health insurance trends that went largely unnoticed in 2021 was that employers halted cost-shifting to their employees by reducing or holding steady workers’ deductibles and other cost-sharing. in 2021, employers did not increase employee’s share of premiums significantly.

Employment 94

Employment Deductions Deductible Health Insurance 94

Fringe Benefit Analysts

AUGUST 15, 2022

A good portion of Americans have health care coverage through a group insurance policy. However, most people are fairly unsure of what group insurance coverage actually is and how it works. Without insurance coverage, it can be difficult to pay for medical expenses, whether or not they are expected.

Insurance 52

Insurance Health Insurance IT Deductions 52

BerniePortal

JUNE 23, 2021

Changing life events in the middle of the year usually means changes to your health insurance plan. If an employee enrolls in a high-deductible health plan (HDHP) mid-year, how does that affect the amount they can contribute to their health savings account (HSA)?

Health Savings Account 64

Health Savings Account Health Insurance Employee Enrollments Deductions 64

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. Turning 26 — This is the age that individuals are no longer allowed to be covered by their parents’ health insurance.

401(k) 84

401(k) Health Savings Account Health Insurance Insurance 84

Benefit Resource Inc.

JUNE 1, 2023

” Although rising premium rates are an on-going challenge for employers, a primary (and popular) method to overcome this is to implement a high-deductible health plan (HDHP). Overcoming the Challenge Implement an HDHP with Complementary Accounts A growing number of employers have implemented an HDHP as a choice for employees.

Flexible Spending Account 52

Flexible Spending Account Healthcare Health Savings Account Deductions 52

Business Management Daily

SEPTEMBER 9, 2021

FSAs are primarily funded by employees through pretax deductions, although employers may make contributions. Tax advantage: Employees’ and employers’ contributions are excluded from employees’ wages and aren’t subject to income or FICA taxes. Eligibility: FSAs are generally available only to current employees.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Employment Flexible Spending 52

HR Lineup

OCTOBER 18, 2023

This software is a comprehensive platform that allows HR professionals, benefits managers, and employees to efficiently manage, access, and make decisions regarding benefits such as health insurance, retirement plans, leave policies, and more. It offers automated benefits administration, including health insurance and retirement plans.

Software 79

Software Retirement Plan Health Insurance Payroll 79

Higginbotham

JULY 12, 2022

This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocket costs that aren’t covered by their various plans. Manage enrollment.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

HR Professionals Magazine

MAY 4, 2023

Decision Support Think your employees aren’t interested in decision support? A 2022 Harris poll found that 72% of employees said “they wish someone would tell them what the best health insurance for their unique situation is.” Think again. Be mindful that not all decision support tools are created equal.

Technology 52

Technology Utilities Payroll Deductions 52

Business Management Daily

NOVEMBER 15, 2021

Many employees are coming to the end of the year and realizing that they still have a lot of money in their FSA accounts that they need to spend. They may also be questioning whether they have a need for an FSA and if so, how much they should choose to have deducted each month. Copays, co-insurance, and deductibles for medical care.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

HR Digest

DECEMBER 17, 2019

Health Insurance: The workers will be entitled to enroll with the comprehensive health plan which will help them overcome the future financial assistance that may arise due to an unknown event or accident that harms their health or body. The benefits will be equitably offered to all the employees.

Paid Vacation 64

Paid Vacation Overtime Health Insurance Insurance 64

Corporate Synergies

AUGUST 6, 2018

Health savings accounts can be a good deal for employees. High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% But do they really understand HSA value? in 2011 to 39.3%

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Business Management Daily

NOVEMBER 30, 2021

Reimbursements from a healthcare FSA can only be paid to reimburse the employee for qualified medical expenses incurred during the period of coverage. While FSA funds are deducted by the employer during payroll , the benefits vendor administering the FSA is responsible for verifying the receipts rather than the employee.

Retail 52

Retail Healthcare Medical Flexible Spending Account 52

Winston Benefits

FEBRUARY 21, 2018

Your employees make a lot of decisions during their work day, but one of the most important decisions they’ll make comes once a year: what to do about their employee benefits. Tech-based tools can make it easier for employees to plan, budget and plug the gaps in their insurance needs. Plan-comparison tools.

Life Insurance 45

Life Insurance Employee Enrollments Deductions Deductible 45

AssuredPartners

JUNE 5, 2018

While many employers now offer consumer-driven plans, uptake by employees isn’t phenomenal with only around a third of eligible employees enrolled in a CDHP.nSo what’s going wrong?nn"},{"attributes":{"bold":true},"insert":"Barriers Simple: Under-insured people make terrible decisions. nSo why is this such a problem?

Healthcare 40

Healthcare Deductions Deductible Insurance 40

Insperity

NOVEMBER 24, 2014

A side-by-side comparison of premiums, contributions and/or deductibles for each option. An explanation of any changes from the previous year and any actions your employees may need to take. From there, create a communication schedule to remind employees of the benefits enrollment period.

Insurance 78

Insurance Employee Enrollments Hospitality Deductions 78

Insperity

NOVEMBER 24, 2014

A side-by-side comparison of premiums, contributions and/or deductibles for each option. An explanation of any changes from the previous year and any actions your employees may need to take. From there, create a communication schedule to remind employees of the benefits enrollment period.

Insurance 40

Insurance Employee Enrollments Hospitality Deductions 40