SHRM’s 2019 Employee Benefits Survey found that 64% of employers provide wellness information and resources. With health care costs continuously increasing, employers and employees strive to save money. A wellness program is an attractive solution as it has the potential to reduce health care costs and boost workplace satisfaction. Wellness …
Life insurance is a popular employer-provided benefit that employees, especially those whose incomes support family members, can enroll in. Enrolling in life insurance allows the insured’s designated beneficiary to collect the financial benefit after the employee is deceased. Employers should consider offering term life insurance whether it be basic (100% …
A new model Employer Chip Notice with information from January 21, 2022, was just released by the Department of Labor (DOL). The model notice is updated each year to reflect changes in states offering premium assistance programs, along with the contact information for those states. The Children’s Health Insurance Program …
When the COVID-19 pandemic hit, mental health and financial wellness took a massive blow for people around the world. Layoffs and furloughs skyrocketed. With the lack of work came a lack of income. Household debt in the United States rose $286 billion in the middle of 2021. Many felt the …
Open enrollment is the only time employees can enroll in a health insurance plan or make changes to their current benefit elections, unless a specified life event occurs (marriage, childbirth, etc.). If an employee misses their opportunity to participate in open enrollment, they will have to wait until the following …
On September 7th, 2021, the IRS issued Notice 2021-53 which provided guidance for employers on how to report sick and family leave wages for leave taken under the Families First Coronavirus Relief Act (FFCRA). Employers who claim tax credits for leave wages under relevant legislation need to report qualified 2021 …
