WELLBYTES HSA: SIMPLE, SECURE, SMART
Dec 2, 2024
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We are on a mission to empower businesses of all sizes by simplifying the process. Our mission is to provide a platform that understands the intricacies of business operations, offering not just coverage but a partner in risk management.
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- 3 Mins
Whether you’re starting a new insurance plan or you already have one – you want to get the best value for your money. An important part of making that happen is working with a specialist. A dedicated Group Insurance Advisor stands as a committed ally to your benefits strategy. But what makes for a great group insurance advisor? And what exactly should your advisor be doing to support you?
- 2 Mins
As the Benefits Plan Administrator within your organization, you shoulder additional responsibilities beyond merely liaising with the employee benefits provider. Your role extends to the meticulous day-to-day upkeep of your company's benefits plan.
- 4 Mins
Group insurance plan administrators play a crucial role in the effectiveness of employee benefits schemes, bearing significant responsibilities and potential liabilities. It's vital to have a deep understanding of this role to excel as a plan administrator.
- 3 Mins
As child dependents grow older, their coverage under their parents' plans may change or end if they're not labeled as "overage dependents." Plan Administrators must manage employee records, including dependents, and notify employees about overage dependents. But what occurs when dependents reach this stage and become overage dependents? What actions should Plan Administrators and employees take to ensure coverage continues? Let's explore these questions further.
- 2 Mins
Lifestyle Spending Accounts (LSA), also known as Wellness Spending Accounts (WSA) or Personal Spending Accounts (PSA), are a new flexible benefit option that employers employ to fund some of an employee's wellness activities.
- 4 Mins
Spending accounts can be a great way to keep employee benefits within budget while providing flexibility to employees. The simplicity of them is also quite attractive. However, it is important to ensure that the details surrounding spending account claims submissions and carry-over rules are well known so employees can get their claims in on time.
- 3 Mins
It’s April 6th, and it’s National Employee Benefits Day! Today is attributed to everyone in the benefits system that made everything possible from plan administrators and plan sponsors, to advocates, advisors, trustees, insurers, administrators and more!
- 6 Mins
Just as every business has its distinct characteristics, employees and their families vary greatly in composition and circumstances, which can change over time. As an employer, this may necessitate occasional adjustments to coverage.
- 2 Mins
Benefit plans can be quite an important consideration for employees when selecting a company or an industry to perform as their healthcare planning can be based entirely on it. So what industries offer the best employee benefits?
