- Providing world class service and value for employee benefit group plans since 1987
We cannot stress much on how competitive job markets have become. And that is why effective compensation management has become an important tool for attracting and retaining top talent. A well-structured compensation and benefits strategy not only enhances employee satisfaction but also drives organizational success. Let us explore the advantages of compensation and the benefits of compensation management, highlighting their impact on both employees and employers.
It's not new to see organizations continually seek strategies to enhance operational efficiency, reduce costs, and maintain a competitive edge in the highly competitive business world. One such strategy gaining prominence is employee benefits administration outsourcing. This approach involves delegating the management of employee benefits to specialized external firms, known as benefits administration outsourcing companies or employee benefits outsourcing companies. By partnering with these experts, businesses can streamline processes, ensure compliance, and focus on core objectives. Find out more
Read Full Article Here
In the world of Human Resources (HR) and payroll management, abbreviations are commonly used to streamline processes and documentation. One such abbreviation is "EE," which stands for "employee." This shorthand is prevalent in various HR and payroll contexts, serving as a concise reference to employees in documentation and systems. Let us explain what does EE stand for in payroll documents and other most common abbreviations in the payroll.
When employment ends, one of the immediate concerns for many individuals is the continuation of health insurance coverage. It’s obvious that new employees try to figure out who pays for cobra after termination. If they start a new job, another question arises “can my new employer pay my cobra premiums?” So is there anything like cobra and severance packages? The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides a mechanism for
Read Full Article Here
Understanding the layers involved in US health insurance can be difficult, especially when major events hit you. At Taylor Benefits Insurance, we understand the importance of maintaining continuous health coverage. One critical aspect to consider is COBRA (Consolidated Omnibus Budget Reconciliation Act) and its qualifying events. If you're asking, is losing COBRA a qualifying event? or is the end of COBRA a qualifying event?, this guide will clarify the seven COBRA qualifying events and how they impact your
Read Full Article Here
For employees facing employment changes or terminations, understanding health insurance options like state continuation and COBRA laws by state is crucial. Both options allow individuals to maintain group health insurance coverage, but their application depends on factors such as company size, state regulations, and individual circumstances. This article dives into the differences, eligibility requirements, and nuances of state continuation coverage and COBRA to help you make informed decisions.
As more seniors choose to remain in the workforce beyond the traditional retirement age, understanding the nuances between employer-sponsored health plans, COBRA, and Medicare is essential. A common question that arises is, "Is COBRA considered creditable coverage for Medicare?"
When employment ends, understanding the ins and outs of health insurance coverage becomes essential to avoid potential gaps in coverage. This page will explore how health insurance ends with employment, what happens when you leave a job, and options like COBRA that may help bridge the insurance gap between jobs.
As alternative health benefits like Health Reimbursement Accounts (HRAs) gain popularity, understanding how they interact with existing laws like the Consolidated Omnibus Budget Reconciliation Act (COBRA) is crucial. Many employees and employers wonder: Does COBRA apply to HRAs, and how can they work together?
Here’s a straightforward guide from Taylor Benefits Insurance to explain COBRA and how it relates to various types of HRAs.
Todd Taylor with Taylor Benefits gives our small business the kind of personal service we need. Insurance benefits are important to our employees and Todd helps us find a balance between benefits and value. Todd responds immediately to my phone calls & e-mails. He has even gotten in touch with me on a Sunday when we were in need of coverage answers immediately. We are very pleased with the hands-on service Todd and his staff provide.”
-Ken and Linda Orvick, Orvick Management Group, Inc.
We’re ready to help! Call today: 800-903-6066