Wondering Whether Self-Funded Is the Way to Go?

The cost of health care plans keeps going up. However, you may have an option you didn’t even know about: Switching to a self-funded plan can help. You’ll pay only for what you need and use. Here are some of the benefits: Zero premium taxes and lower administration costs can lead to impressive savings. Group administrators can design efficient and …

Should You Honor All W-4 Requests?

Form W-4 helps employers determine how much federal income tax to take out of their employees’ wages. On the form, employees state their withholding conditions, such as filing status, number of allowances and any additional amount they want withheld. It is the employee’s responsibility to fill out the form so that the right amount is withheld. As the employer, you …

Which Benefits Do Employees Value the Most?

The need to remain competitive spurred one-third of organizations to boost their benefit offerings throughout most of 2016, according to the 2017 Employee Benefits Survey by the Society for Human Resource Management. The impetus for this competitive streak can be attributed to the talent shortage many employers face today. Per ManpowerGroup’s 2016-2017 Talent Shortage Survey, employers globally are seeing the …

Handling the Wages of a Deceased Employee

When an employee passes away, the proper disposition of his or her wages is not always clear.   State law generally dictates what to do with the deceased employee’s wages, but the issue can be complex, with a number of statutes possibly coming into play. Final Pay Inclusions You will first need to review applicable state law to determine what constitutes …

4 Tips for Successful Absence Management

Absence management is a strategic weapon that employers leverage to help maximize employee productivity. It involves administering programs designed to reduce absenteeism and return employees to work as quickly and as safely as possible. Employers are increasingly viewing absence management as a top priority. Per Guardian’s “2017 Absence Management Index and Study,” companies with 250 to 1,000 employees are starting …

A Tax-Free Health Reimbursement Plan for Small Employers

Under the Affordable Care Act (ACA), qualified employers who provide group health coverage also can offer health reimbursement arrangements (HRAs), which allow employers to reimburse employees for health expenses on a tax-free basis. The ACA, however, does not allow employers to offer standalone HRAs. Therefore, under the ACA, small employers who do not provide group health insurance have no feasible …