InterWest Insurance Services

AUGUST 18, 2022

.” Employees cannot change their minds and make changes to pre-tax cafeteria elections during the plan year, once benefits become effective — unless a special enrollment period as defined under IRC Section 125 applies , or the employer is correcting an administrative error. This is not correct.

Insurance Carriers 73

Insurance Carriers Employee Enrollments Taxes Health Insurance 73

Winston Benefits

JANUARY 31, 2022

Brianna: The employee enrollment experience has been one of the most important improvements Winston makes … Continue reading "Employee Spotlight – Talking HRally ® Evolution with Lead Implementation Analyst, Brianna Coulson".

Employee Enrollments 40

Employee Enrollments IT 40

HR Lineup

MAY 17, 2023

WTW Engage also offers a range of analytics tools, which allow employers to track employee engagement with their benefits programs and identify areas for improvement. Employers can view data on employee enrollment rates, benefit usage, and satisfaction levels, allowing them to make data-driven decisions about their benefits programs.

Employee Enrollments 52

Employee Enrollments Employee Benefits Employment Software 52

HR Lineup

FEBRUARY 22, 2023

This module enables HR teams to track employee benefits, including health insurance, retirement plans, and other perks. Users can set up benefit plans, define eligibility criteria, and track employee enrollment and contributions.

Human Resources 52

Human Resources Employee Enrollments Salary Health Insurance 52

HR Digest

MARCH 28, 2023

A 401(k) plan is a type of retirement account offered by employers to their employees. It allows employees to save a portion of their pre-tax income for retirement. The contributions are deducted from the employee’s paycheck before taxes are withheld, which reduces their taxable income. How does 401(k) work?

401(k) 64

401(k) roth 401(k) Retirement Plan Taxes 64

HR Lineup

FEBRUARY 9, 2023

From discounted movie tickets to savings on gym memberships, GoCo provides a wide range of offerings to help employees save money and improve their overall well-being. GoCo also provides robust reporting and analytics capabilities, allowing HR departments to easily track employee enrollment and participation in benefits programs.

Flexible Spending Account 52

Flexible Spending Account Comprehensive Benefits Employee Enrollments Employee Benefits 52

Wellable

NOVEMBER 6, 2019

A recent study of employees enrolled in an incentive-based wellness program revealed cost savings to both the employees and their employer as well as improvement in other health measurements.

Employee Enrollments 40

Employee Enrollments Employment 40

HR Lineup

OCTOBER 18, 2023

This central repository allows HR teams to efficiently manage and update benefits information, making it easily accessible to employees. Enrollment and Plan Selection: Employees can use the software to enroll in benefits, review available plans, and make selections that best suit their needs.

Software 98

Software Health Insurance Retirement Plan Employee Benefits 98

Proskauer's Employee Benefits & Executive Compensa

JANUARY 4, 2023

For ALEs , this relief only applies to the requirement to provide Forms 1095-C (and/or Forms 1095-B if the coverage is self-insured) to non-full-time employees and non-employees enrolled in the self-insured plan. Thus, ALEs will still have to furnish the applicable forms to full-time employees in the traditional manner.

Insurance 105

Insurance Employee Enrollments Taxes Consulting 105

Benefit Resource Inc.

AUGUST 13, 2019

According to a recent article from SHRM covering research from the Employees Benefit Research Institute (EBRI), enrollment in an HDHP promotes more conscious health care purchase decisions. For example, 55% of employees enrolled in an HDHP checked whether their health plan would cover their care or medication.

Deductions 45

Deductions Deductible Employee Enrollments Health Savings Account 45

Winston Benefits

AUGUST 6, 2019

With open enrollment (Nov. 15) fast approaching, it’s not too early to consider some of the changes that may affect your employees’ enrollment experiences. Benefits legislation is constantly in flux, but if you’re prepared, you’ll know what to expect from the 2020 open enrollment process. 1 through Dec.

Employee Enrollments 40

Employee Enrollments 40

InterWest Insurance Services

JANUARY 17, 2023

If your firm has fewer than 20 employees, workers who are 65 or older can no longer contribute to an HSA as they are not compatible with Medicare. Employees who are 65 or older should stop making contributions to their HSA six months before they enroll in Medicare or before they apply for Social Security benefits if they are still working.

Health Insurance 77

Health Insurance Insurance Health Savings Account Employee Enrollments 77

Griffin Benefits

OCTOBER 13, 2022

Affordability for the family tier is based on whether the employee contribution exceeds the applicable percentage of household income (9.61% for 2022 and 9.12% for 2023) – since employers don’t know household income they won’t have any insight into whether family members are eligible for subsidies unless the employee contribution towards family meets (..)

Taxes 90

Taxes Employee Enrollments Employment Medical 90

Benefit Resource Inc.

OCTOBER 7, 2021

Similarly, when it comes to Open Enrollment, there are two big questions to ask: What method or platform are your employees using to enroll? The way your employees enroll will influence how that information is sent to your TPA. How are you sending that information to your Third Party Administrator (TPA)?

Employee Enrollments 74

Employee Enrollments Employment Benefits Package Employee Benefits 74

InterWest Insurance Services

JANUARY 20, 2022

The average employee share of premiums for employees enrolled in an individual PPO plan rose just $7 to $167 in 2021, and $12 for family coverage ($590 to $602). Among large employers, the median individual deductible in high-deductible health plans dropped to $1,850 in 2021 from $2,000 in 2020.

Employment 87

Employment Deductions Deductible Employee Enrollments 87

InterWest Insurance Services

NOVEMBER 10, 2022

One of the most difficult aspects of annual open enrollment is reaching workers who are disengaged from the process and never bother signing up for your group health plan and other benefits they could take advantage of.

Health Insurance 75

Health Insurance Health Savings Account 401(k) Insurance 75

Benefit Resource Inc.

JUNE 1, 2023

Employees can use two tax-advantaged accounts to cover many primary eligible expenses. If employees enroll in a Limited FSA they have the option to forgo enrolling in vision or dental insurance, avoiding the need to pay those premiums.

Deductions 52

Deductions Deductible Flexible Spending Account Healthcare 52

InterWest Insurance Services

DECEMBER 9, 2021

As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. Some of the changes concern temporary rules that were implemented during the COVID-19 pandemic.

Health Insurance 82

Health Insurance Insurance Deductions Deductible 82

AssuredPartners

OCTOBER 13, 2022

Employers are subject to the shared responsibility penalty if these additional conditions are met: 1) An employee has not been offered affordable self-only coverage (or hasn’t been offered coverage at all); AND.

Benefit Providers 98

Benefit Providers Health Insurance Employment Insurance 98

Total Employee Benefits

DECEMBER 14, 2021

If your Health & Welfare Plan has over 100 employees enrolled in any single benefit, you are already required to file an IRS Form 5500 where both direct and indirect compensation is already disclosed. In this case, you already know how much and from whom your broker is being paid.

Insurance Carriers 52

Insurance Carriers Health and Welfare Insurance Employee Enrollments 52

Best Money Moves

SEPTEMBER 9, 2020

A survey by MetLife found that employees dread open enrollment almost as much as going to the DMV to renew their driver’s license and 20 percent of them spend only a few minutes reviewing benefits plans before making a selection. Preparing for Virtual Open Enrollment in 2020.

Employee Benefits 62

Employee Benefits Employee Enrollments Employment Benefits Package 62

Winston Benefits

OCTOBER 25, 2017

For 2017, 92 percent of employees enrolled in benefits programs, with voluntary benefit participation rising markedly. Accident insurance enrollment went up more than 20 percent; critical illness insurance enrollment rose more than 28 percent and hospital indemnity jumped 58 percent. This level of engagement gets results.

Manufacturing 45

Manufacturing Food Employee Enrollments Voluntary Benefits 45

HR Digest

DECEMBER 17, 2019

Health Insurance: The workers will be entitled to enroll with the comprehensive health plan which will help them overcome the future financial assistance that may arise due to an unknown event or accident that harms their health or body. The benefits will be equitably offered to all the employees.

Health Insurance 64

Health Insurance Overtime Paid Vacation Insurance 64

Benefit Resource Inc.

APRIL 1, 2020

Here are the main updates employees should know about. Money savvy employees enrolled in these accounts are probably aware that one of the benefits of the account (apart from the tax savings) is the ability to make election changes throughout the year. (Changes to Medical FSAs are currently not permitted).

Taxes 75

Taxes Employee Enrollments Employment Medical 75

Insperity

APRIL 29, 2021

When PEOs assume responsibility for providing benefits, they also assume responsibility for educating employees on their benefit plans. The PEO will also handle employee enrollments and benefit plan questions, and many PEOs offer decision support tools to help employees choose the best options.

Employee Benefits 125

Employee Benefits Health Insurance Insurance Professional Employer Organization 125

Benefit Resource Inc.

JUNE 11, 2020

Only available to individuals enrolled in a tax free parking account with BRI. ** Only available to employees enrolled in a tax free mass transit or parking account with BRI. To see what other benefits a digital wallet provides and where participants can take advantage of these new capabilities, check out our video.

Employee Enrollments 40

Employee Enrollments Taxes Employment IT 40

HR Professionals Magazine

APRIL 4, 2022

For example, will an employee enrolling in the benefits platform a month prior to their effective date cause an issue for the payroll system? If so, consider how this might impact the enrollment window you allow for your employees. Are there timing considerations or limitations with the API?

Payroll 52

Payroll Payroll System Employee Benefits Deductions 52

Stratus.HR

OCTOBER 18, 2022

Creating a full wrap document to comply with ERISA (Employee Retirement Income Security Act): 1 hour if digital . Answering employee questions about open enrollment: 1-3 hours . Following-up with outstanding employee enrollments: 1-2 hours .

Flexible Spending 52

Flexible Spending Flexible Spending Account Health Savings Account Human Resources 52

Flimp Communications

JULY 24, 2020

At Flimp, we build video functionality into our decision-support tools to make it easy for companies to use video when explaining benefits and helping employees enroll. Navigating the realm of socially distant, virtual benefits enrollment, video is the go-to substitute for many in-person interactions.

Benefits Package 53

Benefits Package Employee Enrollments Health Insurance Retirement Plan 53

HR Professionals Magazine

MAY 4, 2023

A 2022 Harris poll found that 72% of employees said “they wish someone would tell them what the best health insurance for their unique situation is.” Be mindful that not all decision support tools are created equal.

Technology 52

Technology Payroll Employee Benefits Deductions 52

Business Management Daily

SEPTEMBER 9, 2021

Qualifying insurance: FSAs are generally offered alongside group health plans, but employees typically aren’t required to enroll in a group plan in order to enroll in the FSA. Employers may choose to limit FSA eligibility to only those employees enrolled in the group plan.

Employment 52

Employment Health Savings Account Flexible Spending Account Deductions 52

Benefit Resource Inc.

NOVEMBER 22, 2019

Employers must notify covered employees of the commuter benefits offering, including how to obtain additional information regarding the benefits. Explain how to enroll. Employers must clearly explain how employees enroll and begin using the available commuter benefits. Provide documentation of commuter benefits.

Employee Enrollments 40

Employee Enrollments Benefits Package Employment Transportation 40

Business Management Daily

SEPTEMBER 3, 2021

A self-service mobile app lets employees enroll in benefits and access timesheets, W-2 forms and other payroll data. This cloud-based tool is designed for small and midsized businesses and includes benefits, payroll , an applicant tracking system (ATS) and various employee engagement tools.

Payroll 90

Payroll Salary Employment Employee Enrollments 90

Abel HR

JANUARY 21, 2021

Specifically, under the ADA “safe harbor,” wellness programs that are part of, or qualify as, group health plans could still provide incentives of up to 30 percent of the total cost of the cost of the employee’s plan, provided they are compliant under HIPPA standards.

Employee Wellness 52

Employee Wellness Health Insurance Insurance Employee Enrollments 52

Benefit Resource Inc.

DECEMBER 10, 2021

and so much more. That’s a LOT! Factoring in all of the time and effort it takes to handle all of the above, it makes sense for most organizations to partner with trusted third-party payroll and benefits administrators who can do the heavy lifting.

Payroll 40

Payroll Employee Enrollments Recruitment Employee Retention 40

Flimp Communications

SEPTEMBER 26, 2019

As technology continues to transform open enrollment, employees need a different kind of help when searching for the best healthcare choices for them and their families. Happy employees enrolled in optimal benefits packages save money and boost engagement. From Onboarding to Benefits Training.

Benefits Package 43

Benefits Package Employee Enrollments Education Healthcare 43

Fringe Benefit Analysts

AUGUST 15, 2022

Small businesses with fewer than 50 employees are not required to provide health care coverage, but any business with more than 50 employees is required to do so. How To Enroll. For employees, enrolling in a group health insurance plan may occur during a specific period.

Insurance 52

Insurance Health Insurance IT Deductions 52