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Why your integrated HRA shouldn't be tied to one carrier

PeopleKeep

For many employers offering a group health insurance plan, adding a supplemental benefit in addition to the group plan can help offset your employees’ out-of-pocket costs. This is especially true with high deductible health plans (HDHPs) that require employees to pay a higher amount on their own before their insurance kicks in.

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Benefits Administration Technology: What Is It and Why Do You Need It?

Assurance Agency

How important is Ben Admin Most employers with at least 250 employees have a ben admin system. The tasks required for offering and administering benefits to that many eligible employees, regardless of how many enroll in benefits, is too complex and the risk of ACA and other compliance is too great to leave things to chance or manual processes.

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Benefits Administration Technology: What Is It and Why Do You Need It?

Assurance Agency

How important is Ben Admin Most employers with at least 250 employees have a ben admin system. The tasks required for offering and administering benefits to that many eligible employees, regardless of how many enroll in benefits, is too complex and the risk of ACA and other compliance is too great to leave things to chance or manual processes.

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Taxation of Identity Protection Services

Fringe Benefit Analysts

Some insurance carriers are now also offering identity protection services to their customers at no additional cost. Are Identity Theft Protection Services Tax Deductible? Depending on the service, it may include different corrections to help customers protect themselves from monetary loss.

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What Is an Employee Benefits Consultant and What Do They Do?

Fringe Benefit Analysts

Benefits consultants are also aware of federal and state laws that regulate group health insurance and retirement plans, and how to correctly report all benefits packages to the IRS. These tools simplify matters and reduce the amount of paperwork necessary to move forward with an insurance vendor.

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How small businesses can think about HR integrations

BerniePortal

Comprehensive systems provide several advantages for small organizations, including single-point data entry, one-stop support, and ease of use, but inevitably, these systems do also have to communicate with other business software and third-party tools.