InterWest Insurance Services

JANUARY 17, 2023

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vice president of People and Communications at Unum.

401(k) 98

401(k) Health Insurance Insurance Voluntary Benefits 98

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. What is payroll rules?

Payroll 98

Payroll Net Pay Gross Pay Payroll System 98

InterWest Insurance Services

AUGUST 5, 2022

The biggest concern among employers is the increasing costs that employees have to shoulder for their health benefits. Employers are starting to realize that a high-deductible health plan with an attached health savings account is not a good fit for all of their employees. workers with more medical debt.

Health Insurance 98

Health Insurance Insurance Deductions Deductible 98

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

InterWest Insurance Services

NOVEMBER 2, 2023

A new study’s findings that many workers have a poor understanding of their employer-sponsored health insurance benefits, presents an opportunity for businesses to extend targeted support to staff during open enrollment. The study authors recommend a return-to-basics approach during open enrollment for these workers.

Health Insurance 98

Health Insurance Deductions Deductible Insurance 98

PeopleKeep

MARCH 7, 2022

If you’re offering a group health plan with a high deductible to save money, a special type of health reimbursement arrangement (HRA) has been specifically designed for employers like you: the integrated HRA. You’re looking to reduce healthcare costs. You want to attract and retain top talent.

Health Insurance 96

Health Insurance Deductions Deductible Healthcare 96

Qandle

NOVEMBER 27, 2023

First and foremost, it requires a thorough understanding of applicable laws and regulations related to wages, taxes, and deductions. These may include health insurance, retirement contributions, and other perks. Effective payroll management involves several key components. The payroll process involves several key steps.

Payroll Manager 98

Payroll Manager Payroll Gross Pay Payroll Software 98

InterWest Insurance Services

APRIL 11, 2024

A recent study has found that employers who offer health insurance coverage to their staff had an average return on investment (ROI) of 47%, meaning that for every $1 an employer spends, it will receive $1.47 The analysis found that this combination of group health and wellness programs boosted overall ROI for employers.

401(k) 90

401(k) Health Insurance Insurance Taxes 90

InterWest Insurance Services

JANUARY 18, 2024

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. Providers in an insurer’s network may charge vastly different rates for the same procedure.

Out of Pocket Cost 74

Out of Pocket Cost Deductions Deductible Voluntary Benefits 74

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. What is payroll rules?

Payroll 52

Payroll Net Pay Payroll Software Gross Pay 52

Qandle

JUNE 20, 2023

Benefits and Deductions: Collect information related to employee benefits and deductions, such as health insurance, retirement contributions, flexible spending accounts, loan repayments, or garnishments. A detailed overview appeared first on The Qandle Blog. Ensure accuracy and verify any changes or updates.

Payroll 98

Payroll Flexible Spending Account Overtime Payroll Software 98

InterWest Insurance Services

MARCH 16, 2023

The poll of 26 health benefits decision-makers at large firms, carried out by The Commonwealth Fund and the Employee Benefits Research Institute (EBRI), found that despite rising premium and health care costs, they felt obligated to offer health insurance instead of shunting employees to exchanges.

Health Insurance 98

Health Insurance Employment Out of Pocket Cost Health Savings Account 98

InterWest Insurance Services

MARCH 4, 2022

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Fortunately, there is another option: a health reimbursement arrangement (HRA). Qualified medical expenses. How HRAs work.

Medical 98

Medical Health Insurance Out of Pocket Cost Deductions 98

WEX Inc.

AUGUST 23, 2023

Examples of voluntary benefits are: Supplemental life insurance Critical illness Pet insurance Voluntary benefits are additional perks that an employer can offer at a discounted group rate, with the employee either fully or partially paying for the benefits through a payroll deduction. Go to our webpage.

Voluntary Benefits 98

Voluntary Benefits Disability Insurance Life Insurance Insurance 98

InterWest Insurance Services

JULY 13, 2023

Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% In fact, 64% of large employers (with 500 or more workers) plan to enhance their health insurance and well-being benefits to stay competitive for talent and to keep their staff happy, Mercer found. copay plan).

Employment 98

Employment Out of Pocket Cost Health Insurance Health Savings Account 98

CorpStrat

DECEMBER 15, 2022

Health insurance may be one of the most critical annual purchases since it impacts your physical, mental, and financial wellness. Unfortunately, selecting a health insurance plan can feel overwhelming. This article explores six common missteps related to selecting a health insurance plan.

Health Insurance 52

Health Insurance Out of Pocket Cost Deductions Deductible 52

InterWest Insurance Services

JANUARY 5, 2023

Despite group health insurance costs expected to rise 5.4% With Americans increasingly struggling to pay their health care bills, more employers are shying away from only offering their workers high-deductible health plans (HDHPs) that reduce premiums up front for higher out-of-pocket costs for workers.

Out of Pocket Cost 89

Out of Pocket Cost Employment Health Insurance Deductions 89

Money Talk

JUNE 29, 2022

Last year, I wrote a blog post about mid-year financial check-up s for the OneOp Personal Finance team. In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexible spending accounts, financial goal progress, and investment portfolio status. Automated Payments Review - Payments for utilities (e.g.,

401(k) 245

401(k) Out of Pocket Cost Finance Flexible Spending Account 245

InterWest Insurance Services

OCTOBER 5, 2023

Many hospital systems have started billing patients for e-mails they send to their physicians and, depending on the level of out-of-pocket expenses in their plan, they may pay just a few dollars for a copay or up to $100 if they have a high deductible.

Hospitality 98

Hospitality Deductions Deductible Insurance 98

Qandle

DECEMBER 16, 2023

It involves various tasks, including calculating wages, withholding taxes and other deductions, and ensuring that employees receive their net pay. Definition of Payroll: Payroll encompasses the total amount of wages paid by a company to its employees and includes salaries, bonuses, and deductions. Here are some key benefits: 1.

Payroll 105

Payroll Payroll Software Payroll System Gross Pay 105

InterWest Insurance Services

JULY 20, 2022

Keep in mind that the ritual of choosing a benefits package is a brand-new experience for people who are new to the workforce, and you should prepare to educate new employees on how to effectively choose and use their new coverages, as well as all the details like premiums, deductibles and out-of-pocket expenses.

Education 98

Education 401(k) Deductions Deductible 98

WEX Inc.

SEPTEMBER 14, 2023

When approaching open enrollment, do … Evaluate available health insurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans.

401(k) 98

401(k) Health Savings Account Flexible Spending Account Healthcare 98

InterWest Insurance Services

DECEMBER 28, 2021

This coverage offers a cash payment directly to the insured worker in the event of the hospitalization of themselves or a covered family member. The worker can use this cash benefit for any purpose, including: Deductibles. even for people with health insurance. Coordination with group health insurance.

Voluntary Benefits 98

Voluntary Benefits Hospitality Insurance Out of Pocket Cost 98

Qandle

SEPTEMBER 19, 2023

It involves the calculation, processing, and distribution of employee salaries, taxes, and other deductions. Accuracy and efficiency in payroll processing are crucial to ensure employee satisfaction, regulatory compliance, and the overall financial health of your organization.

Payroll 52

Payroll Deductions Deductible Taxes 52

InterWest Insurance Services

NOVEMBER 25, 2022

They also cover the minimum deductibles that qualify programs as high-deductible health plans (HDHPs), which an HSA must be attached to under law. Every year, the employee must decide how much they want their employer to deduct (pre-tax) from their paycheck to set aside in their HSA. 7,750 for family coverage (up $450).

401(k) 98

401(k) Deductions Deductible Flexible Spending Account 98

InterWest Insurance Services

SEPTEMBER 27, 2023

It’s almost time for group health insurance open enrollment and your top priority should be to drive participation by helping your employees make informed decisions about their options. The lower the premium on the plan, the higher the deductibles and copays. Get an early start If your plan year starts Jan.

Out of Pocket Cost 91

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 91

InterWest Insurance Services

FEBRUARY 8, 2024

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive.

Pharmaceutical 93

Pharmaceutical Management Insurance Commissions 93

InterWest Insurance Services

MAY 18, 2023

A new study has found that people enrolled in traditional PPOs and HMOs are more satisfied with their plans than those who are enrolled in high-deductible health plans. The sticker shock that comes with paying for those deductibles is likely partly responsible for those feelings.

Out of Pocket Cost 98

Out of Pocket Cost Health Savings Account Deductions Deductible 98

InterWest Insurance Services

JANUARY 27, 2023

Even if you are providing them with a robust plan, there are often out-of-pocket cost-sharing and deductibles to contend with. For employees in high-deductible health plans, the costs can be steep. Your workers should ask their doctor about any tools that they can be using.

Out of Pocket Cost 97

Out of Pocket Cost 401(k) Deductions Deductible 97

InterWest Insurance Services

AUGUST 31, 2023

A new report by Aon warns employers to expect average group health insurance costs to increase 8.5% The cost drivers There are a few reasons rates are climbing: Health care inflation — This is the main culprit behind the expected rate hikes. The cost hike is almost double the 4.5% increases employers saw in 2022 and 2023.

Pharmaceutical 98

Pharmaceutical Hospitality Health Insurance Medical 98

Qandle

DECEMBER 11, 2023

Payroll Management Automation of payroll calculations, tax deductions, and other financial aspects of employee compensation. Payroll Software Specialized in automating payroll processes, calculating wages, tax deductions, and ensuring compliance with payroll regulations.

Human Resources 105

Human Resources Payroll Software Retirement Plan 105

Qandle

SEPTEMBER 6, 2023

In this blog, we will explore the intricacies of payroll calculation, comparing the use of Excel spreadsheets to dedicated payroll software. Running payroll refers to the process of calculating and distributing employee compensation, including wages, salaries, bonuses, and deductions, within an organization.

Payroll Software 52

Payroll Software Payroll Software Gross Pay 52

InterWest Insurance Services

MARCH 31, 2022

But more than two years into a public health emergency, some health insurers have begun to roll back their pandemic-era coverage policies or fallen into a pattern of extending coverage for only a few months at a time. Other states mandate parity in how insurance plans reimburse providers.

Health Insurance 98

Health Insurance Deductions Deductible Insurance 98

Business Management Daily

APRIL 29, 2024

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. In this blog, we’ll talk about different types of fringe benefits and how employers can make the most of what’s available.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

PeopleKeep

DECEMBER 20, 2021

In recent years, increasing health insurance costs have become inevitable. Many nonprofit benefit packages include a high deductible health plan (HDHP) to keep costs in check. Many nonprofit benefit packages include a high deductible health plan (HDHP) to keep costs in check.

Health Savings Account 52

Health Savings Account Pay Raise Benefits Package Health Insurance 52

InterWest Insurance Services

NOVEMBER 10, 2022

These workers are likely going uncovered for their health insurance and risk serious outlays if they have to see a doctor or go to the emergency room. They also miss out on preventative services that insurers are required to provide without cost-sharing and that can help them maintain their health.

401(k) 96

401(k) Health Savings Account Health Insurance Insurance 96

WEX Inc.

JANUARY 4, 2023

COBRA can provide important health insurance security when you’ve experienced job loss or another qualifying event. In this blog post, we outline some of the ways your ability to use your employee benefits changes when you elect COBRA. Keep reading our blog or like/follow our Facebook , Twitter or LinkedIn pages!

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52