Workers' Compensation

APRIL 2, 2024

California's Senate Bill 553 (SB 553), which mandates a Workplace Violence Prevention Plan (WVPP) for most employers by July 1, 2024, has a primary focus on employee safety. However, it might also have a secondary benefit – reduced workers' compensation insurance costs. Beyond California: A Growing Trend? All rights reserved.

Workers’ Compensation 52

Workers’ Compensation Insurance Employment IT 52

Qandle

DECEMBER 5, 2023

In this blog post, we’ll delve into the key aspects of SHRM and its significance in fostering a thriving workplace. Moreover, SHRM involves creating a positive work environment, implementing employee development programs, and offering competitive compensation to retain valuable employees.

Management 98

Management Human Resources Health Software 98

WEX Inc.

AUGUST 14, 2023

Read our blog posts on grace periods and run-out periods for the rest of the series. An FSA carryover lets your participants carry over funds from one plan year to the next. In a FSA plan, you can either elect a carryover or grace period , but not both. months after the plan year has ended. What is an FSA carryover?

Flexible Spending Account 98

Flexible Spending Account IT Flexible Spending Taxes 98

Workers' Compensation

MARCH 22, 2024

22-1079) centered on the question of whether an insurer has the right to object to a debtor's reorganization plan under Chapter 11 bankruptcy. They claimed their financial obligations under the insurance policies could increase if fraudulent claims were included in the asbestos trust established by the plan. All rights reserved.

Workers’ Compensation 52

Workers’ Compensation Insurance IT 52

WEX Inc.

APRIL 25, 2024

High-deductible health plans (HDHPs) have become increasingly popular over the last few years by offering unique features and benefits that appeal to many individuals and families. An HDHP is a type of health plan characterized by its higher deductibles and typically lower premiums compared to traditional health plans.

Health Savings Account 52

Health Savings Account Deductions Deductible Out of Pocket Cost 52

McDermott Will & Emery Employee Benefits

JUNE 30, 2023

Retirement plans often apply (and in some cases are required to use) multiple definitions of wages or compensation for various plan purposes. Given this complexity, failures to follow a plan’s definition of compensation are one of the most common issues experienced by retirement plan sponsors.

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Retirement Plan Employment Employee Benefits 67

Qandle

JULY 26, 2023

” In this blog, we will explore the significance of HCM, its key components, and how Qandle has become a trailblazer in the realm of human resource management. Compensation and Benefits: Fair and competitive compensation packages are crucial for attracting and retaining top talent. Image Source: Spiceworks Inc.

Management 98

Management Human Resources Software Recruitment 98

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 30, 2023

The Second Circuit recently held that in order to state a claim for a prohibited transaction pursuant to ERISA section 406(a)(1)(C), it is not enough to allege that a fiduciary caused the plan to compensate a service provider for its services. C) furnishing of goods, services, or facilities between the plan and a party in interest.”

Retirement Plan 105

Retirement Plan IT 105

Qandle

DECEMBER 5, 2023

In this detailed blog post, we’ll explore the key components of payroll processing and how organizations can streamline this complex function. Understanding Payroll Processing: At its core, payroll processing involves calculating employee compensation, including salaries, wages, bonuses, and deductions.

Payroll 98

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WEX Inc.

AUGUST 15, 2023

Whether you're transitioning from your parents' insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. For starters, let’s look at a few considerations when evaluating health plans for the first time.

Deductions 98

Deductions Deductible Healthcare Flexible Spending Account 98

WEX Inc.

OCTOBER 5, 2023

In the final blog post of our three-part series to educate first-time participants, we explore all the unknown voluntary benefits terms and bring clarity of information to first-time participants. Check out our other first-timer series blog posts on health plans and employee benefits. It is not legal or tax advice.

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Voluntary Benefits Life Insurance Health Insurance 98

WEX Inc.

SEPTEMBER 21, 2023

It's important to note that the extent of coverage might vary based on your unique plan specifications. Nevertheless, it's worth acknowledging that the degree of coverage could hinge on the specifics of your plan and the medical necessity of the procedure. The information in this blog post is for educational purposes only.

Health 98

Health Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

MAY 8, 2023

More employees are enrolling in a high-deductible health plan (HDHP) each year, including more than half of U.S. But there are still misunderstandings that exist among employees about the significant value of an HDHP (or HSA-eligible health plan) and how it compares to a traditional health plan. private-sector workers in 2021.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

WEX Inc.

MAY 8, 2024

Understanding medical jargon, navigating insurance plans, and deciphering benefits can be difficult for many. Another plan that has gained popularity in recent years is lifestyle spending accounts (LSAs). The information in this blog post is for educational purposes only. So, what’s the solution?

Health Savings Account 52

Health Savings Account Benefits Package Healthcare Voluntary Benefits 52

Business Management Daily

APRIL 29, 2024

Other options like work-from-home stipends and cell phone plans keep existing employees happy, reducing turnover and boosting productivity. Different benefits appeal to different teams, but what matters most is providing more than just the bare minimum—health insurance, workers’ compensation, and a competitive salary.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

WEX Inc.

AUGUST 2, 2023

Employers can provide either a grace period to use the money within the plan year, or a carryover of up to $610 from the plan year. Unlike a medical FSA, a limited FSA can be paired with a health savings account (HSA) and a high-deductible health plan (HDHP). The information in this blog post is for educational purposes only.

Flexible Spending Account 98

Flexible Spending Account Deductions Deductible Health 98

Workers' Compensation

NOVEMBER 19, 2023

The Centers for Medicare and Medicaid Services [CMS] has published a final rule specifying how and when CMS must calculate and impose civil money penalties [CMPs] when non-group health plan [NGHP] responsible reporting entities [RRE] fail to meet their Medicare secondary payer [MSP] reporting obligations. © 2023 Jon L Gelman.

Workers’ Compensation 52

Workers’ Compensation 52

McDermott Will & Emery Employee Benefits

FEBRUARY 3, 2022

As cryptocurrencies gain popularity, employers are considering how they can be used as part of compensation arrangements and benefit plans to attract and retain talent. The post Cryptocurrency for Employee Benefits Lawyers: What You Need to Know appeared first on EMPLOYEE BENEFITS BLOG.

Employee Benefits 86

Employee Benefits 401(k) Employment Mining 86

WEX Inc.

SEPTEMBER 25, 2023

While much of the work in the last months has been focused on rate renewals and designing your benefit offerings, the focus must now shift to the open enrollment communication plan. HR pro tip: Track major themes within questions to identify areas of focus within your communication plan. Why don’t employees understand their benefits?

Voluntary Benefits 98

Voluntary Benefits Health Savings Account PTO Retirement Plan 98

WEX Inc.

MAY 17, 2023

2024 high-deductible health plan (HDHP) amounts and expense limits also increased. Who is eligible for an HSA? Your employees must be enrolled in an HSA-eligible health plan (or HDHP) to be eligible to participate in an HSA. The information in this blog post is for educational purposes only. With an HSA. Learn more!

Health Savings Account 98

Health Savings Account Deductions Deductible Taxes 98

Pacific Prime

JULY 19, 2023

Small Businesses should include health insurance, a retirement plan, and paid time off in their employee benefits package. Employers should also be aware of the employee benefits that they must include, as required by law, such as workers’ compensation and unemployment insurance. appeared first on Pacific Prime's Blog.

Employee Benefits 52

Employee Benefits Retirement Plan Workers’ Compensation Benefits Package 52

WEX Inc.

OCTOBER 31, 2023

These surveys can help you assess the effectiveness of your communication during open enrollment, the clarity of your benefits plan information, and the overall satisfaction of your employees. The information in this blog post is for educational purposes only. This could be through email, phone, or in-person meetings. Download now!

Taxes 94

Taxes Education Consulting Employment 94

WEX Inc.

MAY 31, 2023

Keep in mind that there may be some limitations and exclusions depending on your specific plan. However, it’s important to recognize that the extent of coverage may depend on your specific plan and the reason for the extraction. The information in this blog post is for educational purposes only. Check out FSA Store!

Medical 98

Medical Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

AUGUST 7, 2023

Sunscreen There’s a good chance you’re planning on spending some time in the sun over the next few months. WEX receives compensation from some of the merchants identified in its blog posts. The information in this blog post is for educational purposes only. It is not legal or tax advice.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

MAY 24, 2023

Often, employees feel confused about their benefits plans options, especially if their employer is using “complicated HR jargon” in their benefits messaging. Simplify messaging Trying to understand benefit plans and the accompanying “HR jargon” can be complicated and a source of frustration for employees. It is not legal or tax advice.

Flexible Spending Account 97

Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

Qandle

FEBRUARY 22, 2024

Succession Planning Talent management facilitates succession planning by identifying and grooming future leaders within the organization. Succession Planning and Career Development: Identify high-potential employees and create individualized development plans for their career advancement.

Management 105

Management Software Recruitment Bonuses 105

WEX Inc.

SEPTEMBER 7, 2023

Empower your employees with helpful resources that answer many of their lingering questions, including our blog , benefits toolkit , and knowledgebase of FSA-related videos and educational materials. Fear of losing funds The concern: FSAs are subject to a "use-or-lose" rule , meaning any unused funds at the end of the plan year are forfeited.

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

WEX Inc.

AUGUST 23, 2023

Voluntary benefits such as financial planning services, student loan repayment programs, and investment advice can help employees meet their financial goals, improve their financial literacy, and prepare for the future. The information in this blog post is for educational purposes only. Go to our webpage.

Voluntary Benefits 98

Voluntary Benefits Disability Insurance Life Insurance Insurance 98

Qandle

DECEMBER 4, 2023

In this blog post, we’ll delve into the key aspects of SHRM and its significance in fostering a thriving workplace. Moreover, SHRM involves creating a positive work environment, implementing employee development programs, and offering competitive compensation to retain valuable employees.

Management 52

Management Human Resources Health Software 52

COMPackage

MARCH 28, 2024

To attract and retain top talent, employers should offer a strong compensation package that includes coveted benefits on top of a good salary. But it’s always evolving, so as an employer, your task is to keep on top of changes so that your benefits plan always aligns with what employees want. But what makes a benefit coveted?

Employee Benefits 52

Employee Benefits Retirement Plan Medical Hospitality 52

Qandle

AUGUST 4, 2023

In this blog, we will explore the concept of employee wellbeing and discuss how Qandle, a leading HR platform, can play a pivotal role in promoting employee wellbeing within organizations. Transparent Payroll Management Qandle streamlines payroll management , ensuring timely and accurate compensation.

Payroll Manager 98

Payroll Manager Payroll Software Finance 98

Qandle

NOVEMBER 27, 2023

Payroll management is a critical aspect of running a successful business, ensuring that employees are compensated accurately and on time. This not only facilitates precise salary calculations but also serves as a valuable resource for audits and financial planning. Looking for the Best Payroll Management ?

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Payroll Manager Payroll Gross Pay Payroll Software 98

Workers' Compensation

OCTOBER 16, 2023

In addition, Litana Development must employ enhanced abatement measures that include the following: Creating a written safety plan and then submitting the plan to OSHA. Retaining a qualified safety professional to complete a job hazard analysis for all existing and future worksites.

Workers’ Compensation 52

Workers’ Compensation Construction Employment Management 52

Qandle

FEBRUARY 12, 2024

Moreover, HRM administers compensation and benefits, ensuring fair and competitive rewards for employees. Within this blog, we’ll delve into 10 fundamental HR major functions of hrm essential for organizational success. Importantly, HRM also manages employee relations, resolving conflicts, and promoting a positive work culture.

Human Resources 52

Human Resources Management Software Recruitment 52

WEX Inc.

MAY 4, 2023

Last week’s memorandum states that any FSA not following substantiation rules does not comply with IRS Code Section 125 and any employee contributions to a noncompliant plan is subject to income, FICA, and FUTA taxes. The information in this blog post is for educational purposes only. Check out the below FSA documentation cheat sheet.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Taxes Medical 98

Workers' Compensation

DECEMBER 27, 2021

The New Jersey Department of Labor and Workforce Development (NJDOL) announced increases in the maximum benefit rates for Unemployment Insurance, Temporary Disability Insurance, Family Leave Insurance, and Workers’ Compensation for the calendar year 2022. The increased rates will be effective for new claims dated January 2, 2022, and later.

Workers’ Compensation 81

Workers’ Compensation Disability Insurance Insurance Taxes 81

Workers' Compensation

OCTOBER 25, 2021

Most Medicare Part D participants don't switch plans even though they will save money. The Centers for Medicaid & Medicare Services (CMS) encourages beneficiaries to shop for Medicare Advantage and prescription drug plans to potentially save money on prescriptions or get new benefits."

Workers’ Compensation 52

Workers’ Compensation Insurance Employment IT 52