Cost-Effective Employee Benefits Blog

What Are Qualifying Events?

What Are Qualifying Events?

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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

The Risk of Employee Misclassification

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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.

Why Self-Funded Plans are Smarter

Why Self-Funded Plans are Smarter

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When compared to traditional insurance, these plans, also sometimes referred to as ERISA plans, provide groups with greater flexibility in plan design.