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What Is an Employee Benefits Consultant and What Do They Do?

Fringe Benefit Analysts

Benefits consultants are also aware of federal and state laws that regulate group health insurance and retirement plans, and how to correctly report all benefits packages to the IRS. In addition, benefits consultants keep track of compliance, annual renewals and other required materials and documents.

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How Health Care Reform Helps People and Small Businesses Pay for Coverage

Insperity

The size of the tax credit is based generally on geographic area and the premium for the second-lowest cost silver plan in the health insurance marketplace. (A A silver plan covers, on average, 70 percent of the cost of essential health benefits provided under the plan.). Here’s what those premium caps look like: Income level.

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Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

which makes forecasting and identifying the actual costs for benefits more difficult. Employers have to manage and administer benefits each month. Deductions must be set up in payroll and carrier invoices must be paid each month. Employers can’t determine the yearly increase in benefits.