WEX Inc.

MAY 24, 2023

Did you know that about half of employees don’t understand their benefits, and 80% of employees never even open communications about benefits? Often, employees feel confused about their benefits plans options, especially if their employer is using “complicated HR jargon” in their benefits messaging.

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WEX Inc.

SEPTEMBER 7, 2023

Most employees are about to have the opportunity to re-evaluate their benefits options during open enrollment. Lack of understanding The concern: Some individuals may not fully comprehend how an FSA works and may be hesitant to enroll due to confusion or uncertainty about its benefits and limitations.

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AssuredPartners

AUGUST 10, 2022

Open enrollment (OE) can be a stressful and exhausting time for most HR departments and even employees. Setting expectations and vision are paramount to the overall success of an open enrollment. Its important to meet often and early to plan necessary logistics and put workflows in place to avoid staff burnout during this hectic time.

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Education Technology Health Utilities 98

Employee Benefits

AUGUST 29, 2023

Auto Enrolment Pension Staging Date: A Guide for Employers Whether you’re exploring the possibility of establishing a new auto enrolment pension for your company, or if you’ve already got one in operation pension auto enrolment staging dates might puzzle you. What exactly is the auto enrolment staging date?

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WEX Inc.

APRIL 4, 2023

Outsourcing your benefits with an administrator you can trust is a smart way to lighten HR workloads and set yourself up for success. Here are nine characters your benefits administration partner should have to support you. Successful annual enrollment Is annual enrollment an annual nightmare with your current vendor?

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HR Professionals Magazine

JANUARY 3, 2024

By Nick Pearce It’s likely that many of you just wrapped up open enrollment season in the 4 th quarter of 2023. Open enrollment is unique because it’s usually one of the only times each year that you have the attention of your entire workforce at once. First, congratulations on making it through to the other side!

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Employee Benefits

NOVEMBER 15, 2023

They could invest in financial coaching for a more personal approach to pensions education. Workplace pensions are one of the most valuable elements of the benefits package. Firstly, they must consider what communications platforms should be used to deliver educational content to employees,” he says.

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Total Employee Benefits

SEPTEMBER 15, 2021

Open enrollment is the period of time in which your employees can make changes to their insurance coverage. It’s a perfect opportunity for employers to maximize benefits packages and save on premiums, but it isn’t always easy. So we’ve put together 5 ways that you can make this year’s open enrollment a success!

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WEX Inc.

AUGUST 2, 2023

Whether you’re a newcomer to the account or have routinely participated in this benefits staple, we’ve compiled answers to some common questions to help you better understand your FSA. Or check out this episode of Benefits Buzz to learn eight things you should know about medical FSAs. How do I enroll in and contribute to an FSA?

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InterWest Insurance Services

NOVEMBER 22, 2023

In order to contain costs and improve outcomes for their workers, employers can employ a number of different strategies, according to the report by the International Foundation of Employee Benefit Plans. Education on how to manage their disease and self-care strategies. Structured treatment plans.

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PeopleStrategy

OCTOBER 3, 2023

As workforces nationwide continue to become more multigenerational, HR and benefits professionals have the unique task of tailoring employee benefits that meet an increasingly diverse range of wants and needs. Benefits such as student loan assistance, mental health resources, and remote work options may be appealing to them.

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Benefit Resource Inc.

JULY 25, 2023

Open Enrollment is a critical period for both employers and employees. It’s the time when employees have the opportunity to review and select their benefits for the upcoming year. As an employer, taking proactive steps to prepare for this period is essential for ensuring a smooth and successful Open Enrollment process.

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AssuredPartners

AUGUST 8, 2023

Communicating is not Educating: Telling an employee when and how to enroll is not the same thing as insuring they understand their choices and the impact those choices have on them and their families. Here are some ideas on educational strategies that can be implemented easily, often with the help of your benefits broker.

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PeopleStrategy

NOVEMBER 1, 2023

The end of the year is coming up quickly…are you prepared to clear your to-do list let alone make sure everyone in the organization is ready for open enrollment? Clear, specific communication is a cornerstone of open enrollment. Before open enrollment begins: Review previous communications. Let’s not delay any longer.

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InterWest Insurance Services

DECEMBER 3, 2021

Studies have found that nine out of 10 employees opt for the same benefits every year and that around a third of workers don’t fully understand the group health plan benefits they are enrolled for. Here are three tips that will help them get the most out of their benefits. Make benefits communications all year long.

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WEX Inc.

AUGUST 14, 2023

59% of plans on the WEX benefits platform have a carryover. For more benchmarking data on your benefits, check out the WEX benefit trends page. A FSA run-out period is a period of time in the new plan year in which account holders can file claims for expenses incurred during the previous plan year.

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Employee Benefits

AUGUST 29, 2023

Whether you’re exploring the possibility of establishing a new auto enrolment pension for your company, or if you’ve already got one in operation pension auto enrolment staging dates might puzzle you. In this guide, we’ll delve into the significance of the auto enrolment staging date and its implications for your company.

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Pension Employment Payroll Government 52

Griffin Benefits

JULY 29, 2022

High-cost claims not only create a financial burden for the patient but also contribute to year-over-year increases in medical premiums for the employer, which inevitably trickles down to the entire workforce enrolled in the health plan. Better educated employees are more likely to reduce health care costs by making better choices.

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WEX Inc.

OCTOBER 4, 2023

Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses. You must be enrolled in a high-deductible health plan (HDHP) to be eligible, which lowers you insurance premiums. Health plan eligibility: HSA participants must be enrolled in HDHPs.

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Employee Benefits

JANUARY 25, 2023

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Those aged 22 and over are auto enrolled, but it is open to all employees. Life insurance for all employees with a death-in-service benefit of four-times salary. The post The benefits offered by Wave appeared first on Employee Benefits.

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AssuredPartners

FEBRUARY 12, 2023

Communication is where the rubber hits the road for your employee benefit offerings! Don’t ask them to enroll in their benefits or make complex decisions about their lives, families, and future without giving them the most valuable information. Not sure which mediums are best to use when sending benefits information?

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Flimp Communications

SEPTEMBER 17, 2021

Not understanding benefits terminology is near the top of the list of the many reasons that open enrollment and benefits selection stresses out employees. Employers that take the extra step to educate their employees on these key terms, in advance of, and during, benefits enrollment.

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AssuredPartners

DECEMBER 11, 2022

Entering the workforce during the great recession, millennials’ early working experiences were during a turbulent economy. Many delayed marriages and major purchases but made a solid and early start in saving for retirement by enrolling in workplace 401(k) plans. Millennials (Born 1981 to 1996).

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Best Money Moves

SEPTEMBER 7, 2022

It also means that people will have to save more now to account for future losses during retirement. Consider auto-enrollment to encourage all employees to prepare for retirement. Auto enrollment is a company program that automatically enrolls all employees in a 401(k) or another retirement plan.

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InterWest Insurance Services

APRIL 27, 2022

To help these generations of workers, consider offering them educational sessions on how to choose health plans, coupled with training on how to avoid unexpected health care bills by going to in-network providers, and how to shop around in advance for scheduled procedures. Affordability of health insurance is also a big consideration.

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WEX Inc.

FEBRUARY 15, 2023

A medical FSA is a tax-advantaged employee benefit that gives participants the opportunity to save on out-of-pocket medical, dental, and vision eligible expenses. You can enroll in a medical FSA during open enrollment, when you’re hired at a new job, or when you experience a status change. What are the eligible expenses?

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Money Talk

APRIL 28, 2022

Cumulative Investment Outcomes - Asset allocation decisions that people make in young adulthood (or have made for them via automatic enrollment default options) have cumulative effects. When pressed for time to fit ABL into your day, consider “educational multi-tasking” (e.g., listening to podcasts while walking). credit cards), 4.

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WEX Inc.

FEBRUARY 7, 2023

The IRS has created two sets of Affordable Care Act (ACA) codes to provide employers with a consistent way to describe their medical benefit offerings to their employees. The information in this blog post is for educational purposes only. Let us help you manage your data, effectively audit, and e-file to the IRS — with a click!

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Flimp Communications

OCTOBER 13, 2020

Many companies canceled in-person meetings as a precaution during the pandemic. That means no benefits vendor fairs in the cafeteria or HR-lead seminars in the conference room ahead of annual enrollment. Others are turning to decision-support tools to guide workers through their benefits options this enrollment season.

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Education Employee Benefits 52

Best Money Moves

OCTOBER 7, 2021

And stress has real life implications: Eighty percent of US employees spend 12-20 hours per month dealing with financial concerns at work according to the IFEBP (International Foundation of Employee Benefit Plans). Instruct your employees on how to use your current financial benefits. Utilize financial wellness benefit programs.

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Flimp Communications

JULY 15, 2020

Over the last few years, many companies have been revising annual benefits enrollment to keep pace with the digital world. The pandemic, however, is forcing those who’ve been hesitant about migrating to a new enrollment model to confront the transition all at once. You can embed resources in an intranet or benefits portal.

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Education Work From Home Employee Benefits Technology 62

WEX Inc.

JANUARY 19, 2023

If you rely on the honor system for your company’s benefits enrollment , you could be picking up the tab for ex-spouses, adult children, or others who are not eligible to be covered. A dependent eligibility audit is the process of verifying the eligibility of dependents enrolled in your health, dental, and vision benefits plans.

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Hppy

MARCH 25, 2024

During the 20th century, human resources began to evolve and gradually adopt the people-centered approach. They would hire workers, set workplace rules, process and distribute paychecks, enroll the staff in benefit plans, and suspend or fire employees. There are several benefits of adopting a people-centric culture.

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CorpStrat

OCTOBER 26, 2022

As Open Enrollment draws near and employees are poised to make their annual selections, we’re starting to see the impact inflation will have on the choices employees make in regards to their benefits. According to The Hartford’s Future of Benefits Pulse Survey, 40% of U.S. Employees are feeling the squeeze.

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WEX Inc.

JANUARY 4, 2023

In this blog post, we outline some of the ways your ability to use your employee benefits changes when you elect COBRA. You are still eligible to participate and contribute to an HSA while on COBRA as long as: You’re enrolled in an HSA-eligible health plan (or high-deductible health plan ). It is not legal or tax advice.

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Benefit Resource Inc.

MAY 4, 2021

Like Star Wars, pre-tax benefits have been around for a while. But that’s not where the similarities between Star Wars and benefits end. It is not uncommon for employees who are signing up for new benefits to experience frustration as they muddle through unfamiliar jargon and battle the acronym monster. There is no try!”

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Higginbotham

NOVEMBER 28, 2022

Although HSAs won’t work for everyone, the benefits of an HSA account make this an appealing option for some individuals. To contribute to an HSA, you must enroll in a high-deductible health plan. Employers can also choose to contribute to the HSA as an employee benefit. What are the benefits of having an HSA?

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