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5 benefits trends to watch in 2020

Benefit Resource Inc.

By addressing employees’ fears, employers are able to increase HSA participation and curb rising premium costs. The net impact becomes a win-win for employees and employers. Legislation in favor of pre-tax accounts. Legislative activity has been stirring for each account and shows no signs of slowing.

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Employers: Help Your Employees Avoid HSA Challenges

Corporate Synergies

Health savings accounts are designed for the long term, but most employees use funds for current healthcare expenses. Health savings accounts (HSAs) continue to increase in popularity, but not without issues for both employees and employers. Problems for Employers. As Seen In. billion to $43.5

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

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% As Seen In. in 2011 to 39.3%

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Executive benefit reimbursement plans

Higginbotham

For example: In an individual coverage health reimbursement arrangement, the health reimbursement arrangement is offered in place of a group health plan, allowing employees to purchase a health plan on their own. Integrated health reimbursement arrangements are designed to work with the group health plan.

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Enrolling in benefits creates a level of stress that’s scary

Benefit Resource Inc.

According to the 2017 Benefits Communication Survey from Jellyvision, almost half of employees report enrolling in benefits as “always very stressful” That’s scary. in 2017 revealed several key areas within pre-tax benefits where participant understanding needs improvement. What makes enrolling in benefits stressful?

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The intersection of health, technology and benefits

Benefit Resource Inc.

It was also listed as the #1 beauty breakthrough product of 2017 by Cosmo. Unless your employer has set eligibility rules stating otherwise (see more about that here ), the mask can be purchased through your Flexible Spending Account*. (Or Or your Health Savings Account*).

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How to find the best PEO for small businesses: 5 Non-Negotiables

Genesis HR Solutions

It must be a Certified Professional Employment Organization (CPEO). As of 2017, professional employment organizations are eligible to become certified through the IRS (thus Certified PEOs). You can read more about what it means to be a CPEO in our article, What is a Certified Professional Employer Organization (CPEO)?

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