Affordable Care Act (ACA) Compliance for 2022, 2023, and Beyond
Like taxes, employee benefits administration requires a lot of paperwork and management to ensure compliance. Since its inception, the Affordable Care Act (ACA) has had several requirements for employee benefits and annual reporting with some changes over the years. As 2023 comes more into focus, you ensure that your company remains in ACA compliance to […]
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The Role of Carrier Communication in the Employee Benefits Process
As data grows more and more important, the way Information is transferred also grows more important. Since computer technology has improved and allows for faster, safer data transfers, there is no reason for the employee benefits and carrier communication to remain stuck in the era of fax machines. Carrier communication—also known as carrier connectivity—is an […]
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How HR Technology Elevates Employee Benefits Enrollment
Benefits enrollment can be a major stressor and time strain for HR staff. New hires are excited to learn about their benefits. They are sure to have plenty of questions reflecting their individual priorities and circumstances. Long term employees also need a lot of help during open enrollment periods, especially as deadlines get tighter. Is […]
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Everything You Need to Know about COBRA Health Insurance
Health insurance provides peace of mind for policyholders and their families. Losing a job, or even changing jobs, can mean the end of insurance benefits, in addition to income. For the past few decades, COBRA health insurance has made gap coverage for insurance more widely available, but what exactly is it and how does it […]
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Employee Perks: 15 Emerging Trends Your Company Should Consider
In today’s highly competitive recruiting market, employee benefits and perks give your company an edge over the competition. These details, especially employee perks, are a major influence on where job searchers end up applying and working. But what is the difference between employee benefits and perks? Why should you offer both, instead of just one […]
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Employee Benefits Management: Getting the Most Out of Your Benefits Plan
When done properly, employee benefits management helps employees, as well as the company. Because employee benefits can be complicated, and you need a centralized system to manage costs and adjust policies. Employee benefits management has several moving parts, but that complexity brings more opportunities for improvement. When it comes to benefits, both legal compliance and […]
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Top Ten Advantages of BenAdmin Software
If you provide employee benefits, you know that it takes time and effort to manage those programs. Did you know that your company can streamline the benefits process and improve your employees’ overall benefits experience with BenAdmin software? The right HR technology improves the efficiency and accuracy of benefits-related tasks. Between legal compliance issues and […]
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The Essential Features of Benefits Administration Software
Benefits administration involves lots of moving parts. Your employees need options to be able to sign up for the benefits they prefer (especially when there’s an employee contribution), and your company needs to ensure accuracy, efficiency, and compliance. Thankfully, benefits administration software streamlines many of the actual tasks of benefits administration. LEARN: What is Benefits […]
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What is Benefits Administration and How Can HR Technology Make it Easier?
Salary is likely the most important—but in no way the only—factor when it comes to recruiting new employees and retaining existing ones. Employee benefits are a major facet as well, which means benefits administration is an important role to fill by your HR team. Outside of those few benefits required by law, a diverse and […]
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The Rise of Telemedicine in Your Employee Benefits Package
When social distancing for the pandemic, people discovered ways to still take care of what needs to be done. From working remotely and online grocery orders to teleconferencing with family and friends, virtual experiences are proving to not only be easy and accommodating but essential. This has even extended to the doctor’s office thanks to […]
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Coronavirus and Beyond: IRS Promises Full, Immediate Reimbursement for Sick Leave
It’s no surprise that the coronavirus pandemic and response have led to layoffs and economic uncertainty. The Secretary of Labor Eugene Scalia has confirmed, “This large increase in unemployment claims was not unexpected,” but stimulus checks and other measures are expected to soften the impact. The federal government has also sought to provide incentives and […]
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Coronavirus and Beyond: The Emergency Family and Medical Leave Expansion Act
** UPDATED 3/30/2020 ** The Emergency Family and Medical Leave Expansion Act (EFMLEA) provides expanded coverage under The Family and Medical Leave Act (FMLA) for situations related to coronavirus. The law becomes effective April 1, 2020, and will remain in place until December 31, 2020. With the new law in place, everyone will have questions […]
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