WEX Inc.

JANUARY 11, 2023

And, if your business manages COBRA administration in-house, then your human resources team is carrying additional healthcare responsibilities and risk. Choosing a third-party COBRA administrator helps you and/or your HR team focus on the other aspects of running your business while potentially providing a better experience for COBRA members.

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Insurance Carriers Human Resources Taxes Benefits Package 52

WEX Inc.

MARCH 2, 2023

COBRA health insurance gives your qualified beneficiaries the opportunity to continue to be enrolled in the same health coverage they were enrolled in when the qualifying event interrupted their coverage. And, since COBRA is federally regulated, it’s important to know when it needs to be offered and for how long.

Health Insurance 52

Health Insurance Taxes Government Insurance 52

Higginbotham

JUNE 5, 2023

One question in particular comes up a lot: Do small businesses have to provide health insurance? Back to the main question at hand: Do these small businesses have to provide health insurance to their employees? COBRA stands for the Consolidated Omnibus Budget Reconciliation Act. What does COBRA mean for small business owners?

Health Insurance 52

Health Insurance Insurance Disability Insurance Benefits Package 52

Benefit Resource Inc.

MARCH 9, 2021

So, let’s explore the most common reasons to consider a mid-year change. Often, employers look to third party administrators for COBRA administration services to reduce risk and ensure compliance. While you could be your own COBRA Administrator , there are specific risks and penalties that you open yourself up to.

Medical 75

Medical Taxes Bonuses Employment 75

Genesis HR Solutions

FEBRUARY 16, 2024

For example: COBRA administration Unemployment Benefits reconciliation Collecting information for various tax forms Recordkeeping 401(k) plans Employee handbooks For many CFOs and managers, the hours are too many to count—but they know those complex, tedious tasks must get done or the company suffers. This guide is a great starting place.

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401(k) Payroll Human Resources Workers’ Compensation 59

HR Professionals Magazine

MARCH 6, 2023

Typically, that would include laws such as the Employee Retirement Income Security Act (ERISA), the Consolidated Omnibus Budget Reconciliation Act (COBRA), the Affordable Care Act (ACA), and the Health Insurance Portability and Accountability Act (HIPAA). Ask questions!

Medical 52

Medical IT Health Savings Account Deductions 52

Benefit Resource Inc.

FEBRUARY 1, 2022

Depending on the scenario, some options include coverage through their employer (which often involves switching off of their parents’ plan), electing from an open Marketplace or, in some cases, continued coverage under COBRA. With COBRA, coverage is available for up to 36 months. Adopting a Child. Getting Separated.

Taxes 70

Taxes Medical Health Insurance Insurance 70

Benefit Resource Inc.

NOVEMBER 3, 2021

While open enrollment is winding down for many, COBRA’s might be just around the corner. WHAT IS COBRA OPEN ENROLLMENT? COBRA is very similar to the typical open enrollment period. Open enrollment must be offered to all active COBRA participants and any qualified beneficiaries. COBRA is continuation coverage.

Benefit Providers 40

Benefit Providers Health Employment IT 40

HR Digest

JANUARY 2, 2023

While some states have particular criteria for severance, common severance packages include—salary continuation, employer-paid COBRA premiums, vacations pay, etc. It is also advisable to discuss severance agreements, and benefits, and answer any questions they might have. 6 Communicate Layoff Implementation. Conclusion.

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Human Resources Salary Employment IT 111

Benefit Resource Inc.

JULY 9, 2020

Inside “A Crash Course for Employers: Understanding When to Offer COBRA vs. Direct Billing,” you’ll learn if your company needs to offer COBRA, how to avoid noncompliance fees, and the benefits of working with a third-party administrator. Three questions to ask to determine if you need to offer COBRA.

Employment 40

Employment 40

Benefit Resource Inc.

AUGUST 8, 2019

COBRA is sometimes viewed as a necessary evil. People will sometimes say (or complain) about all the things they wish they understood before enrolling in COBRA. We are going to give you a sneak peak into the 5 questions you should understand before you enroll in COBRA. 1) What does COBRA cost?

Insurance Carriers 51

Insurance Carriers Flexible Spending Account Medical Flexible Spending 51

Benefit Resource Inc.

SEPTEMBER 12, 2019

There are a number of moving pieces involved in COBRA that can be overwhelming. This piece will help you understand: options to elect continued coverage through COBRA. different ways to pay your COBRA premiums. common questions about paying for COBRA premiums. How can I elect COBRA plans? Paper form.

Banking 40

Banking IT 40

Benefit Resource Inc.

OCTOBER 14, 2021

HRA VEBAs may not be as common as they once were, but we still have three great reasons for you to consider them. Before we jump into that, let’s start with the question on everyone’s mind… What is an HRA VEBA? With an HRA VEBA, you retain access to your funds, even without enrolling in COBRA.

Flexible Spending Account 75

Flexible Spending Account Flexible Spending Taxes Utilities 75

Benefit Resource Inc.

JUNE 11, 2019

How long does COBRA last? It seems like a simple enough question, but when is anything simple? When it comes to COBRA coverage, you need to understand why COBRA coverage is being offered to really understand how long COBRA lasts. This is the most common and well understood COBRA coverage period.

Employment 49

Employment IT 49

McNees

MAY 21, 2021

On May 18, 2021, the IRS issued the long- awaited guidance on the COBRA subsidy and premium assistance credit available under the American Rescue Plan Act of 2021 through eighty-six questions and answers. The bad news is the plethora of questions. Another item of note for employers with less than 20 employees.

Insurance Carriers 40

Insurance Carriers Insurance Medical Employee Benefits 40

Higginbotham

MAY 11, 2023

However, when deductibles are too high, workers may question the value of the plan as an employee benefit. Host a group insurance lunch-and-learn meeting to define coverage terms and answer questions. If the questions aren’t flowing, use a prepared list of FAQs to stimulate discussion. What are the out-of-pocket maximums?

Insurance 52

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AssuredPartners

MAY 28, 2021

Reaching 41 pages in length and tackling 86 questions and answers, the much needed Notice is somewhat of a carryover from April’s ARPA FAQs in parts but does provide some helpful additional information as well, while simultaneously muddying the waters in certain areas in which further interpretation is still desperately needed.

Taxes 40

Taxes Insurance Health Insurance Government 40

Higginbotham

NOVEMBER 7, 2023

Payroll and HR services receive an average of 30 questions from employees per pay period, with each incident costing an average of $291 in direct and indirect labor costs. Common errors include poor recordkeeping, falling behind on payroll taxes, withholding errors and mistakes involving worker classification. Don’t ignore problems.

Payroll 52

Payroll Outsourcing Payroll Payroll Service Overtime 52

Benefit Resource Inc.

DECEMBER 31, 2018

This post sought to uncover their nuances by answering three questions: What is an HRA? This piece shed light on what substantiation is, why it’s required, and common situations that lead to substantiation. Finally, the fifth most read blog of 2018… 6 Reasons COBRA Coverage Ends Early. How do HRAs work?

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Flexible Spending Employment IT 45

WEX Inc.

JUNE 21, 2019

This webinar reviews the common challenges human resources and benefits professionals face when offering health and wellness benefits to employees. Our on-demand Health and Welfare webinar covers: Questions Surrounding Tax. ERISA, COBRA & FMLA. Reporting Disclosures. Workers Compensation. Affordable Care Act (ACA).

Health and Welfare 40

Health and Welfare Workers’ Compensation Human Resources Employee Retention 40

Insperity

JULY 13, 2021

These administrative tasks include addressing issues related to: HR-related government compliance and reporting Benefits and COBRA administration Leave of absence compliance and support (FMLA) Employee relations issues. While the companies in this size range vary greatly, there’s some common issues they tend to face.

Payroll 96

Payroll Workers’ Compensation Professional Employer Organization Technology 96

Business Management Daily

FEBRUARY 23, 2021

These lawsuits are becoming more common. Consolidated Omnibus Budget Reconciliation Act (COBRA). Asking discriminatory interview questions. Interview questions can lend themselves to be discriminatory by violating one’s right to privacy. During interviews, you want to ensure you avoid asking inappropriate questions.

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Family and Medical Leave Act Management Overtime Human Resources 64

Business Management Daily

JUNE 7, 2022

The other very common, but often overlooked, legal issue that can arise with terminations is not meeting compliance requirements with your termination process. Upon separation, employees will receive their final compensation, information on COBRA election, and any other applicable balances due. Insubordination.

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PTO Commissions Employment Human Resources 52

Business Management Daily

AUGUST 12, 2021

While you can customize your employee termination form to include what you deem necessary, here are some common fields included in an employee termination form. This leaves no question as to when the employee was relieved of his or her duties. What to include in your employee termination letter. Employee name. Termination checklist.

401(k) 52

401(k) Health Insurance Human Resources Life Insurance 52

Higginbotham

JANUARY 27, 2023

percent of Americans had employer-based health insurance in 2021, making this the most common type of health insurance. However, even among small companies, the figures show that health insurance is a common offering. Why Small Businesses Should Offer Health Benefits In the U.S., Census Bureau says that 54.3

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52

UpstartHR

JANUARY 22, 2019

I love answering questions from readers , because they encourage me to explore topics I might otherwise not touch on, such as today’s discussion. Have a question of your own? Share it and I’ll try to work it into the schedule! Does HR care more about the employees or protecting the company? HR’s Primary Role.

Management 53

Management IT 53

Genesis HR Solutions

APRIL 17, 2023

The 8-Step Employee Termination Checklist While it’s common that at least one party—either the employee or employer—won’t be expecting the termination, employers must still diligently follow a set procedure to make sure both sides walk away feeling like the process was fair, efficient, and well-executed.

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401(k) Bonuses PTO Payroll 52

Business Management Daily

NOVEMBER 15, 2021

They may also be questioning whether they have a need for an FSA and if so, how much they should choose to have deducted each month. Some common FSA eligible expenses include: Prescription drugs. Health insurance premiums including COBRA premiums. Here is what you need to know to figure out if an expense is FSA eligible.

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Flexible Spending Account Flexible Spending Medical Healthcare 98

Empuls

AUGUST 10, 2023

Some common reasons include: 1. Listen attentively to their reactions and questions. Inform them about resources such as cobra benefits (if applicable), job search support, career counseling, and potential references from the company. Offer post-termination support, answer their questions, and provide guidance as needed.

Human Resources 40

Human Resources Payroll Employment Technology 40

Business Management Daily

NOVEMBER 14, 2019

In this roundup of Ask the Attorney, employment lawyer, Nancy Delogu answers tricky questions about wage garnishments, worker’s compensation, remote worker regulations, and employee record retention. How do we know when to obey a garnishment order? What to do if an employee on workers’ comp stops paying for insurance?

Family and Medical Leave Act 40

Family and Medical Leave Act Health Insurance Workers’ Compensation Insurance 40

Business Management Daily

JULY 3, 2023

For instance, if you keep attendance records, you’ll be able to quickly find out if the employee in question was indeed consistently tardy or not. If so, then you’ll definitely want to have the proper documents on-hand to defend your managers. That includes the following: Benefit information (i.e., health insurance, dental, vision, etc.).

Family and Medical Leave Act 52

Family and Medical Leave Act Medical Banking Taxes 52

Genesis HR Solutions

NOVEMBER 21, 2021

The most common compliance pitfalls small businesses face Tips to help employers maintain compliance How to find a reputable partner to help navigate HR compliance requirements. Here are some common issues small businesses face in regards to compliance. Six Common HR Compliance Pitfalls. Six Common HR Compliance Pitfalls.

Consulting 52

Consulting Family and Medical Leave Act Paid Sick Leave Disability Insurance 52

Genesis HR Solutions

OCTOBER 27, 2021

The most common compliance pitfalls small businesses face. Here are some common issues small businesses face in regards to compliance. Six Common HR Compliance Pitfalls. Six Common HR Compliance Pitfalls. If you’re looking to gain more knowledge on the topic, you’re in the right place. What is HR compliance? Onboarding.

Family and Medical Leave Act 52

Family and Medical Leave Act Paid Sick Leave Disability Insurance Human Resources 52

Benefit Resource Inc.

JULY 30, 2020

Other common items now include: pain relievers, cold & flu remedies, decongestants, first aid & rash creams. Paying for COBRA continuation coverage. While there were many questions and concerns answered during the turmoil that has marked 2020, there are a few key issues that remain. What does this mean?

Deductions 60

Deductions Deductible Medical Insurance 60

Insperity

APRIL 5, 2022

That’s because, when you work with another company to help you get your HR functions done, you’ve essentially created a team – where checking HR tasks off your list is the common goal. However, if you dig a little deeper, it’s more like a partnership. Benefits administration. Employee retention.

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Payroll PTO Technology Payroll Service 74

UpstartHR

FEBRUARY 11, 2021

Today’s question is about HR consultant jobs and whether they are a good career move. . Note: I LOVE to get questions from readers (just like the one below). If you have a question you’d like to ask here or on the podcast, please send it to questions AT upstarthr.com or record a short voice note here anonymously: [link].

Consulting 59

Consulting Human Resources Health and Welfare Recruitment 59

Hppy

JANUARY 19, 2018

As an employee’s retirement approaches, the employee or their financial advisor may begin to flood you with questions about your company retirement plans. Below are some of the most common questions and concerns you can prepare yourself to address. This can be a complicated question to answer because “it depends.”

401(k) 47

401(k) Health Insurance Retirement Plan Insurance 47