Uncertainty surrounding the ongoing impact of the pandemic is making it tough for anyone to move ahead with confidence, and employers and brokers may still be wondering how to prepare for the rest of 2021. We want to help you prepare for what lies ahead. In this article, we share industry reports that cover anticipated spending and benefits trends for 2021, and provide guidance for employers and brokers that may feel like a ship navigating choppy waters.
With the many changes that happened in 2020, employers’ need for broker assistance with selecting and administering benefit plans has increased–as has the need for technology. We talked with our experts to learn what brokers can do to prepare for 2021 with this broker tech check! Take a look to get ready for next year and check out our latest podcast for more on the topic.
A health reimbursement arrangement (HRA) is a way for employers to reimburse their employees for health expenses. Businesses use HRAs instead of group health insurance or in addition to it, depending on their situation. But with all the acronyms, benefits options, and health care choices available today, what does it all really mean? In this article, learn how HRAs began, how they work, which people they benefit, and what types of HRAs are available. Plus, you can check out the HRA guide we created to help you figure our which HRA is right for you!
On top of managing COBRA administration, employers must figure out how to collect insurance premiums and service fees that were previously collected through payroll deductions. This is where direct billing through a trusted partner can bring relief to employers, brokers, and COBRA recipients alike. With direct billing services, employers are liberated from billing past employees for premiums while employees experience seamless coverage.We spoke with ConnectYourCare’s Director of COBRA Operations, Juli Kline, about how direct billing services make continuation of coverage easier for everyone involved.
It’s that time of year again: You are focused on open enrollment and building the best possible benefit programs. You may even be putting certain compliance solutions in place to help protect your benefits and comply with federal laws. But when was the last time you updated your Section 125 Premium Only Plan document (POP document)?
Offering a benefits app is an easy and effective way for employers and brokers to educate people about the value of the benefits package they provide using smart, consumer-driven technology. Learn about the advantages of benefits apps and CYC’s custom solution myCYC mobile app in our new post!
With companies going fully remote, benefits brokers must rely more heavily on technology to keep up with changes in the industry and manage clients. If you haven’t looked into tools that can improve your virtual strategy, consider a solution like BROKERcommand, an online platform that streamlines client management and benefits administration.
Trying to figure out how to move your open enrollment online? We’ve got you covered! ConnectYourCare partnered with Winston Benefits to share insider tips and strategies for moving to a virtual open enrollment platform this year and beyond. Read the recap or watch the webinar to get your organization onboard and online!
What makes a successful business partnership? Never discount the three “T’s” of teamwork, trust, and timing in the process. We share this and more in our latest blog, plus a link to our brand-new Implementation Timeline Overview built on proven practices.
In this blog entry, we take a deeper dive into the world of lifestyle benefits, and how offerings such as wellness incentive programs, education assistance, and dependent care can help employers build the perfect plan for talent recruitment and retention.