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 96

Insurance Carriers Taxes Health Insurance Employee Enrollments 96

BerniePortal

OCTOBER 12, 2020

Open enrollment is approaching, which means it's time for HR to begin thinking about strategy—and that strategy needs to include more than just the benefits you're offering. Administrators must consider how to get their employees enrolled in the available benefits. What's the difference? Is there a better option?

Employee Enrollments 75

Employee Enrollments Healthcare IT 75

AssuredPartners

FEBRUARY 14, 2023

It’s imperative to use actuarial software to identify inefficiencies within a health plan’s pricing and employee contribution structure, which often reveals downside financial risk based solely on employee enrollment patterns.

Employee Benefits 59

Employee Benefits Health and Welfare Employee Enrollments Healthcare 59

InterWest Insurance Services

JANUARY 18, 2024

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success.

Out of Pocket Cost 83

Out of Pocket Cost Deductions Deductible Voluntary Benefits 83

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 97

Health Insurance Insurance Health Savings Account Hospitality 97

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 Software Employee Benefits Employment 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 IT 64

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

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 Retirement Plan Bonuses Health Insurance 52

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

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.

401(k) 97

401(k) Health Savings Account Health Insurance Insurance 97

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 Consulting Medical 90

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 98

Employment Deductions Deductible Health Insurance 98

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 Benefits Package Taxes Education 74

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 41

Employee Enrollments Employment 41

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

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 98

Health Insurance Insurance Insurance Carriers Deductions 98

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.

Flexible Spending Account 52

Flexible Spending Account Healthcare Health Savings Account Deductions 52

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.

Health Insurance 98

Health Insurance Benefit Providers Flexible Spending Insurance 98

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.

Utilities 65

Utilities Benefits Package Employee Enrollments Healthcare 65

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 Medical Employment 75

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 Technology Employee Enrollments 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.

Paid Vacation 64

Paid Vacation Overtime Health Insurance Insurance 64

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 Deductions Deductible 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 Healthcare 52

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

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 Utilities Payroll Deductions 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 Retirement Plan Healthcare Health Insurance 53

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.

Transportation 40

Transportation Benefits Package Employee Enrollments Utilities 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 Work From Home PTO Software 90

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

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 Medical Commissions 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 Deductions Deductible 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 Education Employee Enrollments Technology 43

Proskauer's Employee Benefits & Executive Compensa

JANUARY 6, 2022

This relief applies to ALEs, insurers and multiemployer plans as follows: For ALEs : applies to the requirement to provide Forms 1095-C (and/or Forms 1095-B if the coverage is self-insured), but only with respect to non-full-time employees and non-employees enrolled in the self-insured plan.

Electronics 52

Electronics Insurance Employee Enrollments Taxes 52

Winston Benefits

MARCH 8, 2018

If employees requested more communication or decision-support tools on your enrollment portal, they might be disappointed and discouraged if they don’t see any updates. Even just updating your enrollment booklet online and adding new FAQs can be a tremendous help to your employee population.

Technology 45

Technology Health Savings Account Voluntary Benefits Employee Enrollments 45

Higginbotham

JULY 12, 2022

Manage enrollment. Because this benefit is provided at no cost to eligible employees, enrollment may be automatic when eligibility requirements are met. Explain what happens to remaining funds at the end of the year. The IRS says that funds can typically roll over to the next year.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52