Employee Benefits Compliance Guide

Employee benefits are an essential part of your business. Without them, you will have a hard time finding the best, most qualified employees for your business. But employee benefits can be tricky to navigate–especially if you’re not up-to-date with current employee benefits compliance guide.

To ensure you’re keeping up with all ACA compliance rules and avoid any possible penalties, you need to pay attention to the changes that are implemented and communicate them successfully to all your plan participants. Let’s take a look at some of the biggest ACA policy changes for 2021 to review what you need to know to have successful employee benefits compliance. Read more

HRA vs HSA vs FSA: What’s the Difference?

Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs), and Flexible Spending Accounts (FSAs) are three different types of employer-sponsored benefit accounts that benefit employees in different ways. These accounts feature many similar benefits including healthcare assistance, tax advantages, and more, but their differences can be quite tricky to understand.

 

Because each of these accounts is designed to assist employees with the same kinds of issues, it’s no surprise that they have a lot of overlapping qualities. To better understand the unique advantages of each, let’s take a close look at the little areas where those differences lie. 

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The Best Employee Benefits for Small Business

There are many fantastic advantages when it comes to employee benefits– and not all of them are solely for employees. In fact, when you offer great benefits, your business will be able to stand out from competitors, attract and retain the right employees, and develop a sense of loyalty in your employees who see that your care about their futures.

Today, the options of benefit offerings are virtually limitless, so it can be hard to find the best employee benefit options for your business. To help ease that struggle, here are a few of the best employee benefits your small business should start offering today.

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Benefits Enrollment Best Practices

Open enrollment provides employees with a chance to review their healthcare benefits plan for the year. It can last anywhere from a few weeks to a few months, and it can take an overwhelming amount of work from businesses and carriers if they don’t engage in the right practices to prepare and see themselves through open enrollment. To help, here are some benefits enrollment best practices to keep in mind!

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High Deductible Health Plan (HDHP) vs PPO: Pros & Cons

High Deductible Health Plans (HDHPs) and PPOs are two different kinds of medical insurance plans that are offered today. Each one has many pros and a few cons that require careful consideration before you choose the option that will work best for you.

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Employee Benefits ROI Guide

Companies put a lot of time and energy into providing their employees with the best benefits programs they can. But employee benefits can be expensive, and they hugely impact many other aspects of the business’ success. In light of this, it’s vital that company leaders track their benefits program’s ROI to ensure the investment isn’t costing their business more than it can afford. For assistance, review this employee benefits ROI guide.

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How to Create a Competitive Benefits Package

One of the best ways to attract high-quality employees to your company is to offer a competitive benefits package. According to a study by MetLife, a better benefits package is one of the top reasons that employees stay with their current employer—or look elsewhere. If you want to attract and retain top talent, here’s how to create a competitive benefits package. Read more