When managing a business’s health benefits plan, selecting the right third-party administrator (TPA) is essential to ensure smooth and cost-effective operations. A TPA provides administrative and operational services such as: claims processing management reporting and more. Choosing the wrong TPA can lead to:
The last three years have been increasingly challenging for the United States due to the COVID-19 pandemic. To combat the situation’s effects, two legal emergencies were put in place: the National Emergency (NE) the Public Health Emergency (PHE) Both President
Are you tired of paying exorbitant medical, dental, vision, or hearing bills with after-tax dollars? Look no further than flexible spending accounts (FSAs)! These accounts are a powerful tool that allow individuals to pay for eligible health care and dependent care expenses with pre-tax dollars. Here’s how it works: As an employee, you agree to contribute a portion of your pre-tax salary into an FSA. This money is then automatically
Unconscious bias happens when people form impressions about other people that are either positive or negative based on stereotypes or preconceived notions about things like race, gender, ethnicity, age, disability, or other characteristics. Unconscious biases are usually ones that people aren’t aware of; they result from the brain’s tendency to group things together to
Mental health is an issue that affects all of us, but for business leaders it can be especially daunting. In a world where success is measured in terms of profit and productivity, it’s easy to lose sight of the importance of mental health for both you and your teams. As a leader, it’s important to recognize the impact of mental health on overall performance and take
Do-it-yourself (DIY) COBRA administration can be time consuming and expensive due to the legal ramifications of not following the multiplicity of requirements for each COBRA event. Failure to comply can lead to costly penalties and/or claims responsibility for you as an employer. Due to the complexities of the law and potentially serious consequences for mistakes
The cost of healthcare is rising every year–both in premiums as well as doctor visits and prescription drugs. One consumer-driven approach many organizations offer is a high deductible health plan (HDHP) partnered with a health savings account (HSA). This is a great alternative to a traditional health plan as it’s designed to
March is women’s history month, which was established as a time to commemorate and encourage the study, observance and celebration of the vital role of women in American history. Now is a great time to explore ways to support and advance women in the workplace, and is the perfect opportunity to start investing in initiatives
You know the importance of having health care coverage and a 401(k), but are you taking advantage of all the benefits your organization offers? Voluntary benefits are additional benefit options offered through the company. Unlike traditional benefits like health coverage, employees are responsible for paying most or all
When it comes to business, the terms “diversity” and “inclusion” are often used interchangeably. However, there is a big difference between the two concepts – and it’s important for leaders to understand the distinction. Defining Diversity And Inclusion Diversity and inclusion are not just buzzwords, but rather an embodiment of how we strive to make everyone feel safe and accepted.
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