WEX Inc.

MAY 8, 2023

PPO deductible Nearly two-thirds of large employers provide their employees with the choice of an HDHP and a traditional health plan , such as a preferred provider organization (PPO). Typically, an employee enrolled in a PPO will have higher premiums and a lower deductible than an employee enrolled in an HDHP.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

InterWest Insurance Services

AUGUST 18, 2022

Q: We have an employee who wants to make changes to her cafeteria plan election, even though benefits are already effective. Employers: Don’t make this common cafeteria plan mistake! Employees cannot change their minds during the plan year outside of a special enrollment period authorized under Section 125.

Insurance Carriers 76

Insurance Carriers Taxes Health Insurance Employee Enrollments 76

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. Turning 26 — This is the age that individuals are no longer allowed to be covered by their parents’ health insurance.

401(k) 78

401(k) Health Savings Account Health Insurance Insurance 78

Proskauer's Employee Benefits & Executive Compensa

JANUARY 4, 2023

The Internal Revenue Code (the “Code”) requires insurance companies, self-insured plans, and applicable large employers (“ALEs,” generally those with 50+ full-time or full-time equivalent employees) to file annual statements with the IRS (via Forms 1094-B and 1094-C for insurance providers and ALEs, respectively).

Insurance 105

Insurance Employee Enrollments Taxes Consulting 105

AssuredPartners

OCTOBER 13, 2022

125 Plan (other than a Flexible Spending Arrangement (FSA)) are permitted to revoke or modify an existing election for family coverage during a plan year in order for one or more family members to enroll in a Qualified Health Plan (QHP) through a Health Insurance Exchange on the individual market. An employer must amend their Sec.

Health Insurance 98

Health Insurance Benefit Providers Flexible Spending Insurance 98

Benefit Resource Inc.

JUNE 1, 2023

” Although rising premium rates are an on-going challenge for employers, a primary (and popular) method to overcome this is to implement a high-deductible health plan (HDHP). Overcoming the Challenge Implement an HDHP with Complementary Accounts A growing number of employers have implemented an HDHP as a choice for employees.

Flexible Spending Account 52

Flexible Spending Account Healthcare Health Savings Account Deductions 52

Higginbotham

JULY 12, 2022

Healthcare.gov says that employees must be enrolled in individual health plans, such as a Marketplace plan, to use the funds. This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. HRAs are owned by the employer. Funds do not expire.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

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

MAY 4, 2023

Decision Support Think your employees aren’t interested in decision support? 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.” Think again. Be mindful that not all decision support tools are created equal.

Technology 52

Technology Utilities Payroll Deductions 52

Business Management Daily

NOVEMBER 15, 2021

Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. Employers are constantly looking for ways to remain competitive in their benefits offerings, and an FSA is a great add-on to your benefits package. Copays, co-insurance, and deductibles for medical care.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

Proskauer's Employee Benefits & Executive Compensa

JANUARY 6, 2022

The prescribed forms for these statements are: To the IRS : Form 1094-B (from insurers) and Form 1094-C (from ALEs) – currently due on or before February 28 (or March 31 if filed electronically). To individuals : Forms 1095-B (from insurers) and 1095-C (from ALEs) – currently due on or before January 31.

Electronics 52

Electronics Insurance Employee Enrollments Taxes 52

Abel HR

JANUARY 21, 2021

As Santa was busy making a list and checking it twice, so too was the Equal Employment Opportunity Commission (EEOC), which was busy developing a naughty list of its own; on it, surprisingly, was employer-sponsored wellness programs!

Employee Wellness 52

Employee Wellness Health Insurance Medical Commissions 52

Flimp Communications

JULY 24, 2020

Benefits decision support has come a long way since employees had to fill out endless forms while reading nearly inscrutable jargon explaining what their benefit options were. Health insurance is still difficult for employees to understand and use efficiently. Many employees are still working from home at least some of the time.

Benefits Package 53

Benefits Package Retirement Plan Healthcare Health Insurance 53

Business Management Daily

NOVEMBER 30, 2021

Flexible spending accounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses. The card is issued by the benefits provider that the employer has chosen to work with for the FSA.

Retail 52

Retail Healthcare Medical Flexible Spending Account 52

Corporate Synergies

AUGUST 6, 2018

High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% In addition, employers can contribute tax-free dollars if they choose—all of which is employee money.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

AssuredPartners

JUNE 5, 2018

While many employers now offer consumer-driven plans, uptake by employees isn’t phenomenal with only around a third of eligible employees enrolled in a CDHP.nSo what’s going wrong? Simple: Under-insured people make terrible decisions. For context, that is more than a quarter of people aged 19-64.nSo

Healthcare 40

Healthcare Deductions Deductible Insurance 40

InterWest Insurance Services

MARCH 1, 2024

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. cancer insurance) Pet insurance. cancer insurance) Pet insurance.

Voluntary Benefits 94

Voluntary Benefits Disability Insurance Deductions Deductible 94

Insperity

APRIL 29, 2021

There’s no getting around it – employers pay a hefty sum to provide health care benefits for their employees. The average private-sector employer spends an average of $2.65 per hour, per employee, for health-insurance costs, according to Sept. As with car insurance: With more claims, the cost of coverage increases.

Employee Benefits 126

Employee Benefits Health Insurance Benefits Package Insurance 126

Business Management Daily

SEPTEMBER 9, 2021

FSAs are primarily funded by employees through pretax deductions, although employers may make contributions. Tax advantage: Employees’ and employers’ contributions are excluded from employees’ wages and aren’t subject to income or FICA taxes. Eligibility: FSAs are generally available only to current employees.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Employment Flexible Spending 52

WEX Inc.

JULY 20, 2023

In the first post of this year’s open enrollment series, we break down some of the common feedback we received from those who said their benefits options were lacking so you can build the best benefits package going into your open enrollment. However, not all employees are offered these benefits. Dental program is not very good.”

Deductions 75

Deductions Deductible Flexible Spending Account Health Savings Account 75

Total Employee Benefits

DECEMBER 14, 2021

When it comes to a broker, employers should look for someone who keeps them informed about important issues related to their company. Meaning employers will be able to see precisely how and where brokers are making money. The insurance carrier is generally responsible for plan compliance in a fully insured policy.

Insurance Carriers 52

Insurance Carriers Health and Welfare Insurance Employee Enrollments 52

InterWest Insurance Services

MARCH 7, 2024

Usually, these accounts are funded with pre-tax deductions from your employees’ paychecks, but if they didn’t max out their contributions last year, they still can do so up until the tax-filing deadline. Under IRS rules, for 2023 employers and employees can contribute a combined $3,850 for single employees and $7,750 for families.

401(k) 86

401(k) Health Savings Account Pharmaceutical Deductions 86

Flimp Communications

NOVEMBER 7, 2019

Many organizations learn the hard way that the only way to implement some employee communications programs, particularly those involving new technology , is to undergo a top-to-bottom digital transformation. To do that effectively, employers need quality change management initiatives that avoid some common pitfalls.

Management 47

Management Health Insurance Employee Enrollments Construction 47

Corporate Synergies

JULY 8, 2019

For example, if your employees enroll in benefits on paper and you manually enter elections, moving to a tech platform will save time. Is the benefits administration system able to automate the evidence of insurability process? How complex are your eligibility and employee benefit offerings?

Technology 44

Technology Retirement Plan Software Employee Enrollments 44

InterWest Insurance Services

MAY 23, 2024

As the workforce ages and many employers want to keep on baby-boomer staff who have the experience and institutional knowledge that is irreplaceable, one issue that always comes up is how to handle health insurance. Part D, meanwhile, covers prescription drug costs.

Employment 86

Employment Medical Health Insurance Employee Enrollments 86