Business Management Daily

MARCH 1, 2021

Why are we so calm, when worry is our default for everything? The main impact, should the relief fully lapse, would be on COBRA benefits. Let’s walk through this now for clarity, because you may be dealing with third-party COBRA administrators who are beginning to chatter. And if they didn’t know before, they know it now.

Retirement Plan 59

Retirement Plan Health Insurance Government Insurance 59

Higginbotham

MAY 11, 2023

If you own or manage a business, your investment in employee group insurance can help you retain top performers and attract new talent. In this article, we’ll take a closer look at the steps any business can follow to get the most value from a group insurance plan. What types of coverage are offered?

Insurance 52

Insurance Deductions Deductible Benefits Package 52

Benefit Resource Inc.

DECEMBER 3, 2020

Whether you have a COBRA administrator or not, the fact remains that COBRA a dministration is complicated. Currently trying to determine what might be best for your company? It might be helpful to start with understanding some of the main risks of tackling your own COBRA administration. Employee Assistance Programs (EAP).

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Insurance Carriers IT Medical Benefit Providers 40

AssuredPartners

MAY 28, 2021

Under ARPA, COBRA administrators and Plan Sponsors are required to provide notices to Assistance Eligible Individuals (AEIs) so this fresh guidance arrives in the midst of those deadlines.

Taxes 40

Taxes Insurance Health Insurance Government 40

Proskauer's Employee Benefits & Executive Compensa

JULY 26, 2021

Over the last few months, employers and plan administrators have concentrated on identifying qualifying individuals eligible for COBRA premium assistance under the American Rescue Plan Act of 2021 (“ARP”), sending out proper notices , and collecting election forms. What Taxes are Offset by the Credit?

Taxes 40

Taxes Payroll Employment Insurance 40

Business Management Daily

MARCH 17, 2023

When Silicon Valley Bank in California and the Signature Bank in New York failed last week, employers with accounts at those banks began to fret they wouldn’t be able to pay employees. Before the FDIC acted on Monday, they had good reason to—bank accounts are insured for up to $250,000. Thankfully, we’ll never know.

Banking 52

Banking Payroll 401(k) Employment 52

Benefit Resource Inc.

FEBRUARY 23, 2021

BRI Participant Services connects with thousands of valued employees every month. Lately, we’ve seen an uptick in questions around the roles of responsibilities of your company’s broker, your TPA (that’s us), and your health insurance provider. So what’s the difference between the three? What is a TPA?

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Insurance Carriers Health Insurance Insurance Healthcare 72

Benefit Resource Inc.

FEBRUARY 18, 2020

COBRA is routinely misunderstood and there are some valid reasons for it. So, it is not surprising that most people get stumped by the question, “What is the link between pre-tax benefits and COBRA?” Commuter Benefit Plans are not subject to COBRA. Commuter Benefit Plans (CBPs) are not subject to COBRA.

Taxes 40

Taxes Flexible Spending Account Health Savings Account Flexible Spending 40

Higginbotham

NOVEMBER 7, 2023

It’s rather ironic: businesses need employees to perform work, but taking on employees produces more work. Since the employer–employee relationship is heavily regulated, employers need to comply with requirements for everything from employee safety to accommodations for disabilities. What does payroll processing involve?

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Payroll Outsourcing Payroll Payroll Service Overtime 52

PeopleStrategy

JUNE 15, 2020

With the unanticipated challenges facing HR professionals today, starting the employee benefits renewal process is probably not at the top of the to do list. But the reality is, deciding what benefits you will offer employees for the 2021 plan year is perhaps more critical than ever. Evaluate your current benefits package.

Insurance Carriers 71

Insurance Carriers Benefits Package Insurance Electronics 71

Benefit Resource Inc.

AUGUST 27, 2020

While this is still a far cry from our pre-COVID-19 unemployment rates of 3.5%, employers are increasingly bringing employees back on payroll. Temporary furloughs or terminations can have payment considerations both for insurance and for pre-tax benefit accounts. 3) Help employees with high commuter benefit balances.

Payroll 40

Payroll Deductions Deductible Taxes 40

Benefit Resource Inc.

JULY 30, 2020

When we started out 2020, any legislative predictions we had for the year, would have been wrong. What does this mean? Insurance covers COVID-19 testing. The Families First Coronavirus Act requires all private insurance plans to cover COVID-19 testing without deductibles, co-insurance, or co-pays.

Deductions 60

Deductions Deductible Medical Insurance 60

HR Bartender

JULY 19, 2016

As a result, organizations are focused on understanding which employees are affected by the change and what actions the company should take , if any, as a result. Many companies are looking at the possibility of adjusting employees’ status and pay, which is totally understandable. These changes go into effect on Dec.

Overtime 90

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Genesis HR Solutions

JUNE 5, 2023

In the course of business, it’s common practice for employers to reimburse their employees for certain business expenses. In this article, we’ll provide an overview of employee reimbursement policies and information to help you stay compliant with IRS rules. ’ for more information on taxes and employee reimbursements.)

Deductions 40

Deductions Deductible Taxes Retirement Plan 40

Vantage Circle

SEPTEMBER 23, 2023

In today's tough job market, businesses need to attract and keep the best employees to succeed. In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” These benefits are given to employees over their salaries and wages.

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Family and Medical Leave Act Employee Benefits 401(k) Employment 59

Business Management Daily

NOVEMBER 14, 2019

In this roundup of Ask the Attorney, employment lawyer, Nancy Delogu answers tricky questions about wage garnishments, worker’s compensation, remote worker regulations, and employee record retention. How do we know when to obey a garnishment order? What to do if an employee on workers’ comp stops paying for insurance?

Family and Medical Leave Act 40

Family and Medical Leave Act Health Insurance Workers’ Compensation Insurance 40

AssuredPartners

OCTOBER 31, 2018

n"},{"attributes":{"underline":true,"italic":true,"bold":true},"insert":"HRAs Funding Individual Health Insurance."},{"insert":" The proposed regulations would allow HRAs to be integrated with, and to reimburse premiums for, individual health insurance coverage if certain conditions are met.

Health and Welfare 40

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Corporate Synergies

AUGUST 6, 2018

Educate employees on how to use these funds for current and future healthcare expenses. Health savings accounts can be a good deal for employees. Employers that have gone the HDHP route typically offer a qualified plan that includes a health savings account to help pay for qualifying medical expenses tax-free. As Seen In.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Hppy

JANUARY 19, 2018

As an employee’s retirement approaches, the employee or their financial advisor may begin to flood you with questions about your company retirement plans. Also read: The Art Of The Exit Interview: Make The Most Out Of Employees Who Leave. What are my investment options? How much can I save in my 401k?

401(k) 47

401(k) Health Insurance Retirement Plan Insurance 47

Vantage Circle

NOVEMBER 23, 2023

Yet, amidst this evolution, one thing remains constant: the desire for top-tier employee perks. These enticing offerings can transform a job into a career, a workplace into a community, and an employee into a loyal asset. Join us as we uncover the 12 most sought-after perks that employees look for in the US.

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Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 64

Benefit Resource Inc.

AUGUST 12, 2020

Due to COVID-19, the majority of BRI employees are currently working at home. HSA-qualified plans – also called high deductible health plans (HDHPs) – must meet certain requirements set by the IRS each year. If your plan qualifies, it’s time to offer an HSA to your employees. Add COBRA at ANY Time.

Deductions 52

Deductions Deductible Transportation Medical 52

CorpStrat

APRIL 30, 2021

trillion in federal stimulus which includes a handful of items directly affecting employers and their employees. Today, we’ll break down how ARPA will affect employers specifically when it comes to the COBRA Premium Subsidy. Who qualifies for the COBRA Premium Subsidy? ARPA provides $1.9

Flexible Spending Account 52

Flexible Spending Account Taxes Flexible Spending Insurance 52

HR Digest

JULY 20, 2020

Conduct an annual review of your company policies and procedures to ensure your employee handbook manual is compliant with existing and new laws. Employee Files and Records. Employee Files and Records. Create and store employee files and records in a locked and secure cabinet. General Tasks. Emergency contacts.

Family and Medical Leave Act 85

Family and Medical Leave Act 401(k) Overtime Medical 85

Griffin Benefits

JULY 12, 2021

Anyone who has ever signed up for cellular phone service with a mobile phone carrier knows what a burdensome service agreement looks like. This is particularly unfortunate given what's occurred over the last decade in the employer-sponsored group benefits space.

Employee Benefits 52

Employee Benefits Insurance Carriers Insurance Employment 52

Vantage Circle

SEPTEMBER 11, 2023

Imagine a world where managing employee benefits is no longer a daunting task but an empowering experience for HR teams and employees. With an innovative employee benefits platform, that world becomes a reality. Importance of Having an Employee Benefits Platform in Place 1. Let's delve in. Findings from the Blog?

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Employee Benefits Payroll Retirement Plan Software 52

Insperity

APRIL 26, 2018

Business owners and managers know that every dollar, and frankly every cent, counts when it comes to running a business. What if you had specialized HR experts readily available to help you fine-tune and economize some of the most challenging aspects of your business? What exactly is a PEO? HR compliance.

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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. Subsidized COBRA. The ARPA contains several new rules which impact COBRA benefits. Below is a summary of the ARPA’s COBRA subsidy provisions.

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Family and Medical Leave Act Employee Benefits Taxes Pension 40

Insperity

JULY 29, 2019

When you first start a company, amid the excitement and many competing priorities, you may not be considering the vital role of human resources (HR) in growing a company. As your employee count increases, many of these nice-to-haves become necessities. 20 to 49 employees. 50 to 99 employees. 100 or more employees.

Family and Medical Leave Act 64

Family and Medical Leave Act Payroll Medical Insurance 64

Hppy

DECEMBER 2, 2020

What Are the Costs of Noncompliance? For example, in 2011, an Illinois employee was awarded $95 million because the employer did not manage the sexual harassment complaint properly. In one past case, a former employee who was 37 years of age was awarded $4.2 What Types of Law Do HR Managers Need to Know?

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Family and Medical Leave Act Management Paid Vacation Health Insurance 56