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The Consolidated Omnibus Budget Reconciliation Act (COBRA) has been in place for many years, but it can still be challenging to understand all of its regulations. Perhaps you aren’t aware of the many elements of COBRA. Or maybe your company sees COBRA administration as a cake walk. Either way, it’s always beneficial to quiz yourself – how much do you really know?
Leave of absence describes the period of time that one is to be away from his or her primary job, while maintaining the status of employee. Most employers are aware of how they have structured leave of absence policies within their company. Yet there are still laws that vary with each state, as well as unique situations among employees. Are we are handling leaves of absence correctly and efficiently?
As today's employers continue to face rising health care costs, some companies are investing on the front end to lower costs by helping their employees improve their health and reduce the chances of needing serious medical care.
HSAs (Health Savings Accounts) are an option to enhance awareness and consumerism of health care costs. They usually work best for those who understand that they have the power to seek out the information they need to be a good consumer of their own health care.
It's that wonderful time of year when the weather gets warmer, the grass gets greener, and we have the pleasure of filing our taxes. Tax season doesn’t have to be dreaded. How does a little bit of tax savings sound? More specifically, the 20 - 25% tax savings on your health benefit plan. Whether it’s a Flexible Benefit/Cafeteria Plan (Section 125), Health Reimbursement Arrangement (Section 105), or Health Savings Account (Section 223), all three have tax-saving advantages.
In the world of employee benefits, online enrollment is becoming the new norm. Research from a variety of sources has shown a significant shift in how employees are interacting with their benefit programs. Employees want a simple, easy to use yet dynamic way to better comprehend and consider their insurance options. Online enrollment systems seem to be a logical solution.
We interviewed Kathy Ihle, Benefits Enrollment Specialist at Freedom Services, to better understand online enrollment and benefit management systems as a whole.
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