Historically, employees would most likely not resign from a job without having another job in place. Today it is not uncommon and not as frowned upon for someone to quit their job because family members need their care.
Cost-Effective Employee Benefits Blog
How to Use an FSA: Everything Your Employees Should Know
A Flexible Spending Account (FSA) is offered through lots of employers and it permits employees to allocate funds on a pre-tax basis that may be used for certain eligible health care expenses that would otherwise be completely out-of-pocket.
HSA Funds: Big Advantages for Retirement Savings
Though usually thought of only as a vehicle to help pay for out-of-pocket medical expenses, an HSA is also an effective means of saving money for retirement.
Claims Substantiation for HRA and FSA Reimbursement
All claims that are reimbursed via an HRA or an FSA must adhere to specific guidelines established by the IRS in order to be deemed eligible.
What Are Qualifying Events?
Qualifying Events: When Can Employees Make Changes to Benefits Enrollment? “Qualifying life events” are changes in personal circumstances that allow an employee to alter their insurance elections outside of the usual open enrollment period. Qualifying events can change the amount of insurance an employee needs or the number of people that are covered under the policy. Most of the time, …
The Risk of Employee Misclassification
Misclassification of an employee, when done for the purpose of avoiding paying employment-related benefits or taxes for that person, is a violation of the New Jersey Fraud Prevention Act.
Telehealth Services See Rise in Wait Times Due to COVID-19
The wave of increased virtual healthcare usage also correlates with the virus moving and evolving across our nation.
Why Self-Funded Plans are Smarter
When compared to traditional insurance, these plans, also sometimes referred to as ERISA plans, provide groups with greater flexibility in plan design.
HSA Funding Options for Employers
To be eligible for participation in an HSA, an employee must also be enrolled in a high deductible health insurance plan (HDHP.)
Generations Really Do See Things Differently—Even When It Comes to Employee Benefits
As an employer, it is vital to take the generational makeup of your workforce into account when determining the employee benefits strategy for your company.