Are Health and Wellness Services Considered Covered Medical Expenses by the IRS?
The IRS releases updated FAQs addressing covered expenses under HSAs, FSAs and HRAs On March 17, 2023, the IRS posted answers to frequently asked questions regarding whether certain costs related to nutrition, wellness, and general health are medical expenses that can be paid or reimbursed under a health savings account (HSA), health flexible spending arrangement […]
Read MoreTop 6 Employee Benefits Trends for 2023
Are you curious about current and future trends in employee benefits? Learn about six key benefits trends going into 2023 below. Request a Proposal 1. Healthcare Affordability A healthy workforce is a primary tool for success. It drives innovation, productivity, a positive work ethic and a favorable working environment. A significant challenge has always been […]
Read MoreAttracting Top Talent & Reducing Employee Turnover with Better Benefits
The #1 driver of retention is benefits. Executives share the top three factors that are driving employee retention at their company: 1. 34% said benefits were most important factor 2. 31% said a “Strong sense of culture” 3. 29% said “Belief in the senior leadership team” Other responses included: Career mobility (21%), Salary (17%), and […]
Read MoreHow to Increase Employee Engagement Through Benefits Technology
It’s no secret that employee benefits can be complicated — for both the employee and employer. Between health insurance enrollment, costs, selecting benefits and completing forms, it’s no wonder many employees are less engaged with benefits overall. As an employer, it’s important to know how to explain benefits to employees so they can make well-informed […]
Read MoreOpen Enrollment Tips for Employers
Open enrollment is a complex process, but it doesn’t have to be. By armoring yourself with open enrollment tips and tools, you can tackle your upcoming benefits enrollment like a champion. Request a Proposal 1. Plan Ahead of Time When it comes to open enrollment, it is best to start planning early. By creating a renewal timeline halfway through your […]
Read MoreHDHP vs. PPO
When choosing a healthcare plan, you may come across a few options. One of these plans is a high deductible health plan (HDHP). The other is a preferred provider organization (PPO). Employers typically offer both of these options. Each has its pros and cons, which can make deciding between them a challenge. Selecting the right […]
Read MoreThe Power of Tax-Advantaged Benefit Accounts
If you’re confused and overwhelmed by tax-advantaged benefit accounts that are offered alongside your health insurance plan, you’re not alone. With July open enrollment season quickly approaching, you may find yourself wondering what tax-advantaged accounts are, how they can help you, and what the differences are among them. Request a Proposal What are tax-advantaged benefit […]
Read More10 Tips to Take Advantage of Your Employee Benefits
You should never leave money, or in this case, benefits on the table. When it comes to your employee benefits, it can be difficult to fully understand how to make the most of what your employer offers, but that’s what we’re here for. Request a Proposal What are employee benefits? Employee benefits are provided to […]
Read MoreSupply and Demand: Why Are Healthcare Costs Rising?
The U.S. spends $4.1 trillion a year on healthcare — more than any other country in the world — and that number is steadily rising. Internal factors within the healthcare system are driving prices up. Meanwhile, the combination of an aging population, unaddressed health issues and COVID-19 is straining the system like never before. Request […]
Read More7 Ways HR Professionals Can Thrive During 2022 Open Enrollment
Innovation during Open Enrollment can help employers set themselves apart. The Covid-19 pandemic has forced us all to change and adapt. Before March 2020, Open Enrollment meant in-person benefit fairs with pretty tables, flyers, and giveaways. But the Covid-19 pandemic and social distancing requirements has put a halt to traditional Open Enrollment sessions and pointed […]
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