The COVID-19 pandemic prompted many legislative changes that affected consumer-directed benefits and tax filings, keeping HR administrators and brokers on their toes. Whether employer, broker, or account holder, we’ve recapped nine key benefits legislation updates in 2020 that you should know, plus a checklist to keep handy as we near the end of the year—just in case you lost track or need a refresher.
What do benefits from health savings accounts (HSAs) and flexible spending accounts (FSAs) have to do with celebrating Thanksgiving? We look at an example of some of our favorite holiday traditions to see why you might give thanks for the tax-free benefits these accounts offer when you need them!
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!
How can you encourage employees to open HSA accounts? Using data-backed research, we compiled our top 5 tips to increase HSA enrollment to help save money for you and your employees! Find out how in our latest post.
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.