Remove Deductions Remove Employment Remove Insurance Carriers Remove Taxes
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Are Level Funded Health Plans Your New Benefits Alternative?

PeopleStrategy

With a level funded plan, your business pays a fixed monthly amount (a level fee, similar to a premium) to an insurance carrier or third-party administrator. This amount is calculated based on the employees’ expected healthcare costs, administrative fees, and a stop-loss insurance component.

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Illness or Injury: How Your Business Can Protect Your Employees

InterWest Insurance Services

You as an employer can help by offering group disability insurance to your employees. This insurance helps replace a portion of a worker’s income if they lose their income due to an injury or illness. Group disability coverage has advantages for both the employer and the workforce. Tax-deductible premiums.

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Best practices to avoid receipt requests

Benefit Resource Inc.

Pay for all the eligible medical items first with your pre-tax benefits card. Confirm enrollment in a health plan To receive automatic approval for co-pays, certain co-insurance, and deductible expenses, make sure your employer has reported you as enrolled in the company health plan.

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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

HDHP telehealth services — The CARES Act, signed into law in 2020 after the pandemic started, temporarily allowed high-deductible health plans to pay for telehealth services before an enrollee had met their deductible. 1, 2022, HDHPs must charge enrollees for telehealth services if they have not yet met their deductible. .

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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? If you’re a small business owner interested in this service, it makes sense to fully understand it and the tax implications that it may present.

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

Fringe Benefit Analysts

As many employers and businesses are aware, employee benefits packages are very important considerations for candidates when they are being scouted by recruiters. They will also navigate employers and employees through the layered and complicated task of implementing such plans to reduce complications or errors.

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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

Many of the provisions in this sweeping legislation bring changes to the employee benefits world of which employers should take note and which are summarized below. The ARPA also allows the employer, insurer, or multiemployer plan sponsor who subsided the premiums to offset the cost by claiming a new federal tax credit.