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Decoding Life Insurance as an Employee Benefit

Zenefits

Generally, health insurance, PTO days, and remote work tend to be the top core offerings. But there’s another bread and butter benefit that should be on your radar: life insurance. How does employer-sponsored life insurance work? Purchasing life insurance for your workers is fairly straightforward.

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Helping Employees Understand Health Insurance Costs

Zenefits

But for businesses in which their employees select a plan from the government health insurance marketplace, open enrollment and explaining healthcare plans can be a complex topic for the HR team. In this article, we’ll break down how to explain the real cost of insurance. Premiums are only a fraction of health insurance costs.

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How to Evaluate Your Compensation Plan

Zenefits

Benefits : Paid time off, sick days, holidays, health insurance, other insurance. Benefits and other programs beyond wages account for an average of 31.2% of total compensation, according to the Bureau of Labor Statistics. Improve our virtual onboarding experience. Improve our virtual onboarding experience.

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What You Need to Know About Providing Healthcare Benefits in 2022

Zenefits

But, like everything else these days, the cost of providing healthcare insurance is rising. While the burden will be on insurance carriers to provide this information, the new rules require both employers and providers to comply. If you work with an insurance carrier, you must make sure they follow these rules. Automate payroll.

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7 Worst Employee Benefits

Zenefits

Better health insurance coverage, generous paid time off and vacation days, retirement benefits, and professional development opportunities all rank highly regarding job satisfaction and retention. Finally, there are some benefits — such as life insurance or retirement plans — that can push the cost of the program to the employee.

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Affordable Care Act Requirements for 2022-2023

Zenefits

Health insurance is one of the most critical decisions an employer or employee can make — but 56% of employees spend less than 30 minutes evaluating benefits. Annual changes to the federal health insurance marketplace, coupled with Affordable Care Act (ACA) requirements, are meant to help both employees and employers get more fair coverage.

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HR Headaches: How Can I Offer Abortion Travel Reimbursement While Respecting My Employees’ Privacy?

Zenefits

Insurance or healthcare providers are not allowed to disclose personal health information about an individual seeking to access abortion healthcare services in a state where it is legal. The accounting team requires exact and comprehensive documentation for each business expense. Improve our virtual onboarding experience.

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