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) 93

401(k) Health Insurance Insurance Voluntary Benefits 93

InterWest Insurance Services

APRIL 27, 2023

Overall rates for employers with 10 or fewer employees saw their family plan health insurance premiums jump 12% from 2021, compared to just 5.4% for all small to mid-sized businesses with up to 250 employees, according to the report by HR and benefits software company Ease.

Health Insurance 89

Health Insurance Insurance Out of Pocket Cost Deductions 89

Empuls

FEBRUARY 26, 2024

From well-being to flexibility, continuous learning to personalized perks, let's understand the game-changing employee benefits trends that will take lead in the near future. For employees, the flexibility to choose where they work allows for better work-life balance, reduced commuting stress, and increased job satisfaction.

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Retirement Plan 40

InterWest Insurance Services

MARCH 22, 2022

One way you can give your staff more choice in the employee benefits they receive is to offer them a cafeteria plan, which allows them to put together a benefits package that works best for them. Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis.

Flexible Spending Account 83

Flexible Spending Account 401(k) Flexible Spending Deductions 83

CorpStrat

DECEMBER 3, 2021

COVID-19 has changed how businesses operate, the most dramatic of these changes is managing open enrollment for benefits. Gone are the days of handing out papers at in-office lunch meetings where an HR professional would walk the team through new benefit plans. Offer Voluntary Benefits.

Voluntary Benefits 98

Voluntary Benefits 401(k) Benefits Package Deductions 98

InterWest Insurance Services

SEPTEMBER 27, 2023

With answers and feedback in hand you can create a benefits package that is more appealing to them, which in turn gives you a competitive edge when attracting and retaining workers. Engage employees and solicit feedback through quarterly employee-benefits round table meetings.

Out of Pocket Cost 75

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 75

Employee Benefits

AUGUST 8, 2023

While some of these benefits can be discretionary, there are a few that UK businesses, irrespective of their scale, must provide. This piece sheds light on the indispensable employee benefits in accordance with UK regulations. Which employee benefits are required by law? Yet, some benefits are mandated by UK law.

Pension 52

Pension Paid Leave Parental Leave Voluntary Benefits 52

PeopleStrategy

JULY 8, 2019

According to a recent survey , 35 percent of employees don’t understand their healthcare coverage, and another 33 percent don’t understand their medical bills. And, sadly, almost two-thirds (62 percent) of survey participants said their employer is not a resource for healthcare-related questions. Benefit types and classes.

Health Savings Account 82

Health Savings Account Deductions Deductible Healthcare 82

Higginbotham

MARCH 2, 2023

Nearly every state requires most employers to maintain workers’ compensation coverage. In other states, employers are generally required to maintain coverage, although small employers may be exempt from workers’ compensation requirements, depending on the number of employees they have. Employers and workers each pay 6.2

Disability Insurance 52

Disability Insurance Workers’ Compensation Insurance Benefits Package 52

Higginbotham

JANUARY 4, 2022

There are two main types of ancillary health insurance: voluntary benefits and employer contributory benefits. With employer contributory ancillary benefits, the employer usually pays 50 to 100 percent of the premiums. Some of the more popular benefits include: Dental Insurance.

Health Insurance 52

Health Insurance Insurance Disability Insurance Life Insurance 52

Higginbotham

JANUARY 27, 2023

They want to be fairly compensated for their work, and that usually involves both wages and employee benefits. Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile. Census Bureau says that 54.3

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52

InterWest Insurance Services

MARCH 1, 2024

Multiple studies have consistently shown that a robust set of employee benefits is a vital component of an overall compensation package. As a result, many employers are increasingly turning to voluntary employee benefits, which allow them to provide valued, high-demand benefits to employees at little or no cost to the company.

Voluntary Benefits 97

Voluntary Benefits Disability Insurance Deductions Deductible 97

AssuredPartners

MAY 9, 2019

This employer-provided voluntary benefits program allows employees to effectively reduce their monthly commuting or transit costs. In 2019, the monthly limit is $265 for any commuter benefit or transit pass. For the first violation, the penalty is not less than $100 and not more than $250.

Employee Benefits 40

Employee Benefits Transportation Taxes Voluntary Benefits 40

Higginbotham

APRIL 7, 2022

Some pet owners buy coverage on their own, but pet insurance has also emerged as a popular employee benefit. Employers who are considering adding this perk should consider whether it will be worthwhile for their workers. There may also be a deductible and coverage limits. Pet Insurance as an Employee Benefit.

Insurance 52

Insurance Benefits Package Health Insurance Deductions 52

WEX Inc.

MARCH 30, 2023

Employers can experience benefits from allowing pets in the office. It can also create greater collaboration with employees or bring in talent from the attention of these events which elevates the company overall. Pet-sitting discounts can be a great way to show your employees that their furry friends are valued.

Voluntary Benefits 52

Voluntary Benefits Taxes Deductions Deductible 52

Higginbotham

JULY 19, 2022

According to SHRM , Alaska, California, Nevada, Puerto Rico and the Virgin Islands all require overtime when an employee works more than eight hours in a day, while Colorado’s daily overtime rule kicks in at 12 hours. Benefits, Timekeeping and Compliance Can Be Impacted. The Benefits of Using a Payroll Service.

Payroll Service 52

Payroll Service Payroll Outsourcing Payroll Overtime 52

Winston Benefits

DECEMBER 19, 2017

Ready to get a jump on incorporating 2018’s expected employee benefits trends with your overall benefits strategy? 2017 was a busy year for employee benefits, and 2018 is shaping up to be even more exciting. Hot in 2017, financial benefits are likely to continue to be popular in the coming year.

Financial Counseling 45

Financial Counseling Voluntary Benefits Deductions Deductible 45

Winston Benefits

MARCH 8, 2018

As you think about the changes you want to make to your employee benefits offerings, now is the time to talk benefits technology too. The first part of the year is a good time to audit what’s working and what’s not, and to go over any feedback you got from employees about the open enrollment process.

Technology 45

Technology Health Savings Account Voluntary Benefits Employee Enrollments 45

GRA Benefits Group

OCTOBER 2, 2020

The push to go paperless isn’t even a question anymore for agents working with employers in a remote-office environment. But how to go paperless isn’t the only question popping up… “We’ve always had our employee benefit open enrollment meeting in the fall and it’s in the lunchroom.

Life Insurance 52

Life Insurance Payroll Insurance Voluntary Benefits 52

Best Money Moves

NOVEMBER 4, 2020

Managing employee healthcare costs in 2021. What the average health insurance premium costs and changes employers are making to health benefits offerings in the new year. More than 40 percent of employees have deferred medical care because of financial concerns, according to research by Willis Tower Watson.

Healthcare 111

Healthcare Out of Pocket Cost Voluntary Benefits Management 111

Winston Benefits

NOVEMBER 15, 2017

Handling payments for voluntary benefits can be a hassle. Finding an option that works for you can simplify things for employees while making your benefits administration process more efficient. Missed Deductions and Employee Payment Services. Need help reconciling invoices? Need help reconciling invoices?

Voluntary Benefits 45

Voluntary Benefits Disability Insurance Deductions Deductible 45

Genesis HR Solutions

JULY 31, 2018

Miscellaneous deductions and garnishment management. Employer tax deposits and filing management; Form 940, Form 941, and W-3 transmittal—our tax engine uses your ZIP code to calculate correct tax info, so we know the exact amount to tax your employees. Holiday, sick, vacation, and other time off accrual management.

Payroll 40

Payroll Outsourcing Payroll IT Payroll System 40