McDermott Will & Emery Employee Benefits

JANUARY 11, 2023

We recently reported on an FAQ issued December 23, 2022 (FAQ About Affordable Care Act and Consolidated Appropriations Act, 2021 Implementation Part 56) by the US Departments of Labor, Health and Human Services and the Treasury (collectively, the Departments).

Employee Benefits 76

Employee Benefits Health and Welfare Executive Compensation Retirement Plan 76

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. d) Enhanced Employer Branding: Organizations that genuinely care about employee wellbeing build a positive reputation as desirable employers.

Payroll Manager 98

Payroll Manager Payroll Software Finance 98

InterWest Insurance Services

FEBRUARY 20, 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. That’s why training is essential to ensure that your employees understand how these plans work and how to get the most out of them.

Deductions 98

Deductions Deductible Out of Pocket Cost Health Savings Account 98

Proskauer's Employee Benefits & Executive Compensa

JANUARY 4, 2023

On December 15, 2022, the Internal Revenue Service (“IRS”) published final regulations that make permanent certain relief and changes relating to the Affordable Care Act (“ACA”) reporting requirements. The final regulations are consistent with the proposed regulations, discussed in detail in our earlier blog post.

Insurance 105

Insurance Employee Enrollments Taxes Consulting 105

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 29, 2023

However, there is another, perhaps lesser known, “clause”-related item that health plan sponsors need to keep top of mind in the coming month. Here are some quick reminders about the requirement, along with some next steps for plans that are catching up: What is the “No Gag Clause” Attestation? What Should Plan Sponsors Do Now?

Electronics 52

Electronics Insurance Health and Welfare 52

WEX Inc.

FEBRUARY 23, 2023

For most of you, a new plan year has begun! And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. We’ve compiled some tips to help you if you participate in a WEX benefits plan. For HSAs, it's tax dependents and spouses.

Flexible Spending Account 98

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

Qandle

OCTOBER 31, 2023

This feedback is valuable for personal and professional development, as it can highlight blind spots, enhance self-awareness, and guide targeted efforts for improvement. How to Conduct a 360 Degree Feedback Survey Conducting a 360-degree feedback survey requires careful planning and execution to ensure its effectiveness and fairness.

Construction 98

Construction Software Utilities Management 98

InterWest Insurance Services

DECEMBER 2, 2022

Inflation, an aging workforce and people catching up on care they skipped during the COVID-19 pandemic are some of the main ingredients that will drive the cost of group health benefits over the coming years. That’s caused a sudden spike in claims for health plans across the board. Compare insurance plans and providers.

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Insurance Carriers Insurance Hospitality Consulting 97

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. The 2022 HSA limits are $3,650 for self-only and $7,300 for family.

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

InterWest Insurance Services

FEBRUARY 8, 2023

As health insurance and health care costs continue rising, more employers and health plans are turning to centers of excellence to manage patients with chronic conditions. The employer and/or health plan saves money by not having to shell out thousands for surgery that could have been avoided.

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Out of Pocket Cost Insurance Health Insurance Medical 97

PeopleStrategy

NOVEMBER 14, 2023

Changes are coming to the Affordable Care Act (ACA) in 2024, and HR departments need to take note of them now. With this review and planning, your company will be compliant and adhere not only to the ACA’s pay or play rules going forward, but be able to file correctly and avoid penalties. If you are not eligible, it’s going to be OK.

Electronics 52

Electronics Taxes Software Employment 52

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. That’s why training is essential to ensure that your employees understand how these plans work and how to get the most out of them.

Out of Pocket Cost 83

Out of Pocket Cost Deductions Deductible Voluntary Benefits 83

InterWest Insurance Services

AUGUST 10, 2023

While drugmakers have been assailed for years for increasing their prices and driving the cost of medications higher and higher, there is another player in the health care space that is receiving increased scrutiny: pharmacy benefit managers. PBMs typically contract with both insurers (or self-insured employers) and pharmacies.

Out of Pocket Cost 98

Out of Pocket Cost Manufacturing Insurance Medical 98

Proskauer's Employee Benefits & Executive Compensa

JUNE 27, 2023

As a reminder, if an HDHP covers medical items and services before the participant satisfies the IRS minimum deductible (self-only or family), that coverage may disqualify the participant’s HSA contributions. For subsequent plan years, the HDHP may continue to cover COVID-19 testing and treatment subject to the plan’s minimum deductible.

Deductions 52

Deductions Deductible Health Savings Account Medical 52

InterWest Insurance Services

MAY 26, 2023

While drugmakers have been assailed for years for increasing their prices and driving the cost of medications higher and higher, there is another player in the health care space that is receiving increased scrutiny: pharmacy benefit managers. PBMs typically contract with both insurers (or self-insured employers) and pharmacies.

Out of Pocket Cost 98

Out of Pocket Cost Manufacturing Insurance Medical 98

InterWest Insurance Services

APRIL 20, 2023

Careful planning, including the selection of benefits to offer, choice of vendors and well-crafted communications, are keys to program success. Depending on your employee demographics, these could include additional life insurance options, long-term care – or even pet insurance.

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Voluntary Benefits Benefits Package Insurance Life Insurance 97

InterWest Insurance Services

DECEMBER 14, 2022

The patient is normally in no condition to check his or her plan for in-network providers. To help control your employees’ medical costs, it’s a good idea for plan sponsors to make sure workers and their families understand how the law works, so they can assert their rights under the act. The No Surprises Act.

Medical 98

Medical Hospitality Deductions Deductible 98

Qandle

DECEMBER 1, 2023

Live chat support, self-service portals, and automation are integral components, fostering a multi-channel approach to customer interactions. In this blog, we will delve into the key aspects of help desk software, exploring its functionalities, benefits, and how businesses can leverage it to provide exceptional customer support.

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Software Telecommunication Media Healthcare 98

AssuredPartners

AUGUST 5, 2021

You may have heard something about new transparency requirements that are going into effect soon for health plans. This briefing will outline those various legal requirements and the impact on your group health plans. The disclosure obligations set forth in the rule are phased in over three years.

Out of Pocket Cost 69

Out of Pocket Cost Insurance Carriers Pharmaceutical Insurance 69

InterWest Insurance Services

MAY 11, 2023

It costs employers an average of $300 billion a year in stress-related health care and missed work, according to a Harris Poll conducted for Purchasing Power. Don’t forget your health insurance There is an extensive list of mental health services your health plan should provide your staff.

Family and Medical Leave Act 98

Family and Medical Leave Act Employment Parental Leave Out of Pocket Cost 98

Vantage Circle

DECEMBER 13, 2023

This blog is packed with the 50 best New Year Office Party Ideas for 2024 to make your celebration a hit. Explore this blog for top office New Year party ideas, including exclusive suggestions for remote teams and various company sizes to suit different budgets. Vantage Circle kicked off its blog journey back in 2018, and guess what?

Entertainment 105

Entertainment Retail Media IT 105

InterWest Insurance Services

JUNE 30, 2023

The penalties for not offering health insurance to your employees if you have 50 or more full-time or full-time equivalent employees in violation of the Affordable Care Act are set to rise again next year. ” The penalties will apply to plans that start on or after Jan.

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Employment Health Insurance Insurance Government 97

Vantage Circle

APRIL 23, 2024

Thus, creating impactful recognition events requires thorough planning and exploration. From establishing clear goals to crafting memorable experiences, each aspect deserves careful consideration to leave a lasting impact on employees. Clear objectives will direct your planning process to ensure your event aligns with your goals.

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Employee Recognition Employee Retention Entertainment Food 52

WEX Inc.

JANUARY 19, 2023

On average, we’ve found that 3-5% of the dependents on an employer's plan are deemed ineligible. A dependent eligibility audit is the process of verifying the eligibility of dependents enrolled in your health, dental, and vision benefits plans. This is particularly important for large, self-funded employers.

Insurance Carriers 52

Insurance Carriers Taxes Electronics Health 52

Qandle

DECEMBER 19, 2022

Saves Cost & Time : With real-time analytics and employee self-service, the HR System not only reduces the HR workload but also streamlines the tasks of the HR department resulting in saving a lot of cost and time as well as enhancing productivity. It requires to pay careful attention from HR professionals.

Human Resources 98

Human Resources Management Software Recruitment 98

Insperity

MARCH 30, 2023

In this blog we’ll cover: Why you need to address employee feelings surrounding job security How you can ease fears and mitigate any hits to morale Why care if employees are worried about job security? If employees see that you’re invested in upskilling your team , they’ll feel valued and cared for.

Finance 99

Finance Professional Services Employee Recognition Employment 99

Hireology

FEBRUARY 2, 2021

Why this question matters: A candidate who can plan for the future will be more strategic in their role and will work hard to make sure their goals are achieved. Their answer doesn’t have to be related to the role to show that they are self aware and take responsibility for their actions. Where do you see yourself in five years?

Government 147

Government Recruitment Technology Management 147

Higginbotham

JULY 7, 2022

DOL Announces Plans to Issue Proposed Overtime and Independent Contractor Rules. Department of Labor (DOL) announced its plans to issue a proposed overtime rule in October 2022. Price Comparison Tool Required for 2023 Plan Years. Effective for plan years beginning on or after Jan.

Overtime 52

Overtime Retirement Plan Health Insurance Insurance 52

InterWest Insurance Services

JUNE 8, 2023

The IRS updates this amount annually, along with minimum deductibles as well as the out-of-pocket maximums for high-deductible health plans. Here are the changes coming in 2024: HSA annual contribution limit Self-only plan: $4,150, up 7.8% Funds in an HSA roll over from year to year and can earn interest.

Deductions 52

Deductions Deductible Health Savings Account Medical 52

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. While health savings accounts have grown in popularity, you can only offer them to employees who are enrolled in high-deductible health plans.

Medical 98

Medical Health Insurance Out of Pocket Cost Deductions 98

Snell & Wilmer Benefits

JULY 14, 2021

Despite myriad legal challenges, the Affordable Care Act (“ACA”) remains the law of the land. We previously reported on the Supreme Court’s latest validation of the law in our SW Benefits Update, “ Three Strikes You’re Out – The Affordable Care Act Survives a Third Legal Challenge. ”.

Health and Welfare 40

Health and Welfare Insurance Taxes Employment 40

Minding the Workplace

FEBRUARY 12, 2024

So much of the damage I am trying to heal from is the result of years of poor nutrition because I could not take care of myself. In a blog piece for Psychology Today titled “How Trauma, Nutrition, and Mental Health Fit Together” ( link here ) connecting trauma, nutrition, and mental health, Dr. Body shaming experiences.

Food 39

Food Utilities Education IT 39

Qandle

AUGUST 17, 2023

This blog delves into the essence of an HR system, unravelling its potential to revolutionise HR practices. In addition to operational enhancements, the system’s data analytics capabilities provide insights that facilitate strategic planning and resource allocation.

Human Resources 52

Human Resources Software Payroll Recruitment 52

PeopleStrategy

MARCH 12, 2020

Their most recent blog, When Business Threats Are Contagious: 10 Answers for Employers Navigating the Coronavirus , provides answers on employee leave, pay and other top-of-mind questions for employers. . To alleviate one aspect of confusion, the IRS has issued guidance on testing as it relates to high-deductible health plans.

Family and Medical Leave Act 83

Family and Medical Leave Act Employment Health Insurance Deductions 83

AssuredPartners

AUGUST 19, 2021

Over the course of the pandemic we have blogged fairly extensively about the evolution of COVID-19 vaccines as it pertains to the workplace and health plans generally (links below), capturing not only the progress made in the area but focusing on employer-sponsored vaccine incentive programs and mandates as well.

Commissions 68

Commissions Food Consulting Government 68

Benefit Resource Inc.

APRIL 21, 2021

In our latest webinar, we discussed the most recent legislative changes rolled out by Congress in the American Rescue Plan Act. Many of them affected pre-tax benefits plan and continuation coverage, also referred to as COBRA. Please continue to check our blog page for updates on this developing topic. Eligibility.

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Flexible Spending Account Taxes Flexible Spending Insurance 74

Vantage Circle

JANUARY 17, 2021

A bad leader is not necessarily a bad person, but, of course, someone who lacks self-confidence, humility, empathy, and other leadership qualities. Leaders who do not care or keep others' needs first is a severe warning sign of bad leadership. The objectives are strategically planned to execute them effectively. Let's find out.

Management 95

Management IT 95