AssuredPartners

AUGUST 15, 2022

Insurance consumers, i.e., businesses, pay premiums in exchange for protection against risk. For insurance carriers to be competitive, premiums are assessed at a level that matches the determined risk. A basic principle of insurance is that premiums paid by many cover the losses of the few. What’s the fix?

Insurance Carriers 104

Insurance Carriers Insurance Entertainment Transportation 104

Benefit Resource Inc.

APRIL 10, 2023

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.

Insurance Carriers 98

Insurance Carriers Hospitality Deductions Deductible 98

Higginbotham

DECEMBER 14, 2023

This higher cost of repair and labor can mean higher costs for insurance carriers in the event of a claim. Because of this risk, electric vehicle drivers may have to pay a higher insurance premium, regardless of their driving record. Remember, bundling discounts can differ among insurance carriers.

Insurance 52

Insurance Insurance Carriers Technology Taxes 52

Benefit Resource Inc.

FEBRUARY 2, 2023

Offering pre-tax benefits is the first step in helping employees lower out-of-pocket expenses, but employers should also make sure to explain the associated financial benefits. It’s important that employers are equipped to provide sound guidance on out-of-pocket costs, coverage options and resources like HSA calculators.

Out of Pocket Cost 98

Out of Pocket Cost Insurance Carriers Management Finance 98

Griffin Benefits

MAY 31, 2022

This so-called “ family glitch ” has meant that spouses and dependent children of employees who are offered affordable, minimum value coverage have not been eligible for federal tax credits (Premium Tax Credits; “PTCs”) to purchase coverage through the marketplace. Employers who fail to meet these requirements could be penalized.

Insurance Carriers 73

Insurance Carriers Taxes Health Insurance Insurance 73

WEX Inc.

JANUARY 19, 2023

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.

Insurance Carriers 52

Insurance Carriers Taxes Electronics Health 52

WEX Inc.

JANUARY 11, 2023

Submit carrier eligibility to insurance carriers. It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. Collect premium payments. Check out our COBRA page to learn more about the COBRA experience with WEX.

Insurance Carriers 52

Insurance Carriers Human Resources Taxes Benefits Package 52

Benefit Resource Inc.

MARCH 11, 2021

Employers are responsible for paying premiums, but receive a tax credit. Employers sponsoring a group health plan will be responsible for paying health insurance carriers for the premiums. They will be reimbursed for 100% of the COBRA premiums through tax credits against certain payroll taxes.

Insurance Carriers 81

Insurance Carriers Taxes Health Insurance Medical 81

InterWest Insurance Services

DECEMBER 9, 2021

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.

Health Insurance 98

Health Insurance Insurance Insurance Carriers Deductions 98

Fringe Benefit Analysts

JANUARY 26, 2023

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.

Insurance Carriers 52

Insurance Carriers Taxes Insurance Commissions 52

Benefit Resource Inc.

MARCH 5, 2021

According to a recent SHRM article , employers should expect a government funded COBRA subsidy to shortly be a reality. The first item employers should take away from the latest proposal is that the recent changes are likely to usher in a wave of new COBRA enrollees. What you should expect. How you can be proactive.

Government 74

Government Insurance Carriers Taxes Insurance 74

Higginbotham

JUNE 7, 2022

Employer Takeaway. Most employers have already been contacted by their carrier or third-party administrator (TPA) and will rely on their insurance carriers or TPAs to provide the MRFs. Still, these employers remain legally liable for compliance under the TiC Final Rules. Calculating the PCORI Fee Payment.

Family and Medical Leave Act 52

Family and Medical Leave Act Health Insurance Insurance Carriers Insurance 52

HR Bartender

SEPTEMBER 1, 2016

Fortunately, I worked for an employer that was open to modified duty. It sounds like this employer is as well. Spence] When an employee remains off work after an accident the employers cost of doing business rises. Unfortunately, employers are not in a win-win situation when it comes to workplace injuries.

Insurance Carriers 66

Insurance Carriers Workers’ Compensation Human Resources Consulting 66

Higginbotham

FEBRUARY 11, 2022

Employer Takeaway. Most all insurance carriers are handling the coverage and availability requirements for their clients. Covered Employers and Employees. The new law applies to employers with more than 25 employees. Employer Takeaway. California Passes Supplemental COVID-19 Paid Sick Leave.

Paid Sick Leave 52

Paid Sick Leave Insurance Carriers Paid Leave Flexible Spending 52

Corporate Synergies

FEBRUARY 11, 2019

Employers can help make the process a little easier with the right communication tools. A flexible spending account (FSA), which can be used to cover childcare and medical costs tax-free. A health savings account (HSA), which can also be used to cover medical expenses tax-free. It’s simple, practical benefits guidance.

Health Insurance 47

Health Insurance Insurance Insurance Carriers Out of Pocket Cost 47

Florida Workers' Comp

FEBRUARY 8, 2022

In the early days of the pandemic our tax dollars or debt was distributed "to help protect the American Dream." NBC reports on a New York man who faces multiple counts of misrepresentation for "submitting multiple fake positive Covid-19 tests" to his employer. ABC reports that over a trillion dollars was distributed.

Workers’ Compensation 80

Workers’ Compensation Insurance Carriers Hospitality Government 80

Fringe Benefit Analysts

MAY 8, 2022

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.

Consulting 52

Consulting Employee Benefits Benefits Package Health Insurance 52

Insperity

JUNE 11, 2014

As employment laws, tax laws and health care reform continue to change at a rapid pace, it can be difficult for business owners to keep up. If you are weighing the option of outsourcing human resource (HR) duties through a co-employment relationship, here are eight important things to consider when selecting a PEO: 1.

Professional Employer Organization 56

Professional Employer Organization Employment Insurance Carriers Insurance 56

Genesis HR Solutions

APRIL 23, 2019

We’ll also discuss how partnering with Genesis HR’s Professional Employer Organization (PEO) may be the best way to ensure quality health insurance coverage for your employees. Puzzled by small business health insurance in Massachusetts? What are my requirements as an employer regarding health insurance coverage?

Health Insurance 40

Health Insurance Insurance Insurance Carriers Healthcare 40

Genesis HR Solutions

AUGUST 19, 2020

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

Work From Home 52

Work From Home Professional Employer Organization Insurance Carriers Human Resources 52

Insperity

JULY 26, 2016

Are you uncertain about how to find the most suitable professional employer organization (PEO) for your company? If your company does business in states that have many or complex employment laws, such as California, Massachusetts and New York, it may be beneficial for the PEO you select to be well-versed in the laws of those states.

Professional Employer Organization 40

Professional Employer Organization Insurance Carriers Insurance Taxes 40

Insperity

JULY 22, 2014

Most Americans must have health insurance or face a tax penalty. That help comes in two forms: premium tax credits and cost-sharing subsidies. First, those who are eligible for coverage through a governmental program such as Medicaid, Medicare and the Children’s Health Insurance Program cannot receive subsidies.

Health Insurance 40

Health Insurance Out of Pocket Cost Insurance Carriers Taxes 40

Insperity

MAY 27, 2013

Though the employer mandate provisions of the Affordable Care Act have been delayed, health care insurance costs, taxes and fees are expected to continue to climb. Postponing your decision to provide health care insurance could prove to be very costly for your business. Use a health insurance broker.

Health Insurance 40

Health Insurance Insurance Insurance Carriers Flexible Spending Account 40

Insperity

FEBRUARY 25, 2014

10, 2014, the federal government announced yet another delay to the employer shared responsibility (“Play or Pay”) provisions of the Affordable Care Act. To do so, make sure you have the systems and processes in place to track employee hours throughout 2015 for analysis of your “applicable large employer” status and responsibilities.

Insurance Carriers 40

Insurance Carriers Government Health Insurance Retail 40

Genesis HR Solutions

APRIL 27, 2021

What is a Professional Employer Organization (PEO)? According to the National Association of Professional Employer Organizations ( NAPEO ), “A professional employer organization (PEO) provides comprehensive HR solutions for small and mid-size businesses. Many types of HR outsourcing options are available to employers.

Professional Employer Organization 59

Professional Employer Organization Insurance Carriers Payroll Benefits Package 59

Genesis HR Solutions

JUNE 20, 2022

There’s a lot of information—and misinformation—about professional employment organizations (PEOs) floating around online. This is one of the classics—it consistently shows up on professional employer organization pro/con lists. As your PEO, we’ll administer payroll, your benefits and health insurance, your 401k plan, and more.

401(k) 52

401(k) Health Insurance Insurance Carriers Payroll 52

Genesis HR Solutions

APRIL 19, 2019

There’s a lot of information—and misinformation—about professional employment organizations (PEOs) floating around online. From our perspective at Genesis, we want to provide appropriate advice and guidance in the areas of employment relationships. Myth #7: “Our insurance carrier could change anytime, on the whim of our PEO.”.

401(k) 69

401(k) Health Insurance Insurance Carriers Payroll 69

Genesis HR Solutions

AUGUST 9, 2018

Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. How the benefits expenses are shared (or not) is determined by the employer. Considering a PEO?

Employee Benefits 40

Employee Benefits 401(k) Health Insurance Insurance Carriers 40

Genesis HR Solutions

JANUARY 8, 2019

If you’re investigating outsourcing your HR needs, you may have run into two different services that seem similar: administrative services organization (ASO) and professional employer organization (PEO). PEO services include administration of the following: Employer compliance. Payroll processing and payroll tax compliance.

Health and Welfare 45

Health and Welfare Insurance Carriers Workers’ Compensation Insurance 45

Higginbotham

MARCH 1, 2022

Past or present employer. All businesses in Connecticut are required to have a Federal Employer Identification Number (EIN) and register with the Connecticut Secretary of State and Department of Revenue Services. Show proof of unemployment insurance and workers’ compensation coverage. Proof of general liability insurance.

Construction 52

Construction Insurance Taxes Workers’ Compensation 52

Benefits Notes

MARCH 31, 2021

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.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Taxes Pension 40

Fringe Benefit Analysts

JANUARY 25, 2021

On top of a $600 Stimulus check that has gone out to Americans, there are many other parts of the law that may affect Employers. Tax Provisions. Tax Provisions. Employers should consider the follow parts of The Act that will affect you and your employees ! Temporary Health FSA and DCAP Relief. Education finances.

Family and Medical Leave Act 40

Family and Medical Leave Act Paid Leave Health Insurance Telecommunication 40

Insperity

JANUARY 13, 2014

Many of these individuals could trade thousands of dollars in premium costs over the course of 2014 for a relatively small tax penalty for not having coverage. If that happens, premiums are expected to go up for everybody left in the insurance pool. Under a co-employment relationship, these burdens pass to the PEO.

Health Insurance 40

Health Insurance Manufacturing Insurance Carriers IT 40