As with many things, the answer to whether a PEO is right for your business comes in the form of a hearty “it depends!”
Cost-Effective Employee Benefits Blog
Advantages of Pairing HRAs with HDHPs
Pairing the HDHP with an HRA can enable the company to reimburse the employee for out-of-pocket expenses toward their high deductible.
Health Care Economics & Other Issues Spur Employee Benefit Changes
How Employee Benefits Are Evolving in New Jersey During 2020 In an ever-changing employee benefits landscape, businesses must be agile in their response to economic factors and other issues. Recently, NJBIZ interviewed benefEx CEO Scott Peloquin for his take on the evolution of health care and other benefits. Read the full article below to learn how employee benefits are changing …
Why Employers Must Align Benefits with Employee Needs
How Employee Benefits Are Evolving in New Jersey During 2020 Changing employee needs require adaptable, flexible employee benefits that provide a sense of security, transparency, and simplicity. In this article by NJBIZ, our CEO Scott Peloquin explains why employers should prioritize this alignment to lure in great employees. Read the full article below to learn how employee needs are informing …
Here’s How to Use an HSA (Employer Tips for 2020)
Paired with a qualified high deductible health plan (HDHP), an HSA is a powerful financial tool that gives employees more control of their health care decisions and offers significant tax savings.
Employer Health Insurance Costs Continue to Rise
While it’s not possible to treat each employee differently in terms of healthcare offerings from the company, the effort to obtain the information can be helpful.
The COVID-19 Financial Landscape: Is it Time to Revise Your Benefits Strategy?
During the COVID-19 economic crisis, revising your company’s benefits strategy may appear to be a complicated process. However, we here at benefEx have you covered! Evolving Your Benefits Strategy With an Evolving Financial Outlook Here are some of the steps we recommend you take with your benefits consultant to navigate the process. Identify the Company’s Objectives, Including Budget Setting objectives …
Layoff vs. Furlough: How Each Affects Benefit Retention and COBRA Eligibility
During the COVID-19 pandemic crisis, many US companies are furloughing or laying off employees. Continuation of health insurance benefits during layoff vs. furlough is a hot topic. In this article, we’ll also be discussing COBRA, which refers to the Consolidated Omnibus Budget Reconciliation Act law passed in 1985. This law allows workers to continue on the same health insurance plan …
The Advantages of Telemedicine
More and more patients are embracing telehealth options, opting for remote care over in-person visits. In this blog, we’ll analyze what has contributed to this phenomenon.
Lowering Health Care Costs Despite the Constant Rise
Lower Health Care Costs May Not Be Out of Reach It is no surprise that health care costs have been growing at an astounding rate each year. Lack of transparency and skewed pricing is making it very difficult for employees and employers alike to save on necessary health-related costs. Fortunately, not all hope is lost. With the right strategies, employers …