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What is an EDI 834 File?

EverythingBenefits

Put as simply as possible, an Electronic Data Interchange (EDI) 834 file is the standard format in which employers can communicate their employees’ health insurance enrollment and maintenance data to insurance carriers.

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Popular virtual care options for today’s workforce

Insperity

Employees can quickly receive attention for medical issues or get their health questions answered with a few clicks on an electronic device – without ever leaving their home. Having virtual care options can also be help reduce employees’ stress about their own health-insurance costs. Businesses often struggle to contain benefits costs.

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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

These rules were all not mandatory and employers could choose whether to relax them or not. Here are the rules that will sunset at the end of 2021: Allowing employees who had declined group health insurance for the 2021 plan year to sign up for coverage. That’s a change from the prior threshold of 250.

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Top 4 reasons why you should add a dependent eligibility audit to your benefits strategy

WEX Inc.

On average, we’ve found that 3-5% of the dependents on an employer's plan are deemed ineligible. When employers have performed a dependent eligibility audit with WEX, they’ve seen savings of $3,000 to $5,000 per plan member, per year. This is particularly important for large, self-funded employers.

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The PEO Industry in 2020 & Beyond: What The Next Decade Holds

Genesis HR Solutions

Like almost every other industry, professional employer organizations (PEOs) have been forced by the global pandemic to ask themselves this question. Get an in-depth look at professional employer organizations and why you should consider partnering with one. “What is our industry’s new normal?” Click To Tweet. million to 3.7

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What’s Driving the Cost of Commercial Vehicle Insurance?

Corporate Synergies

When it comes to commercial vehicle insurance, it’s a rocky road. Many companies felt the shock of rising insurance rates in 2015, 2016 and 2017. Insurance carriers look at their profit margins each year and must maintain required ratios so that future claims can be paid and the company can remain profitable.

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Is your employee wellness program up to par?

Insperity

Their benefits include: Healthier employees, which can help companies contain health insurance costs Less absenteeism and, therefore, greater productivity Higher morale A sense among employees that their employer cares about them in a holistic manner – beyond their functional role at work – which can strengthen loyalty and improve retention.