Benefits 101: What Is an HDHP? | Benefits Collaborative

In today’s world of complex health insurance options, High Deductible Health Plans (HDHPs) have become increasingly popular. But with a name like “high deductible,” it’s natural to have questions. Let’s break down the basics of HDHPs: What is an HDHP? An HDHP is a health insurance plan with a higher deductible than traditional plans. This … Continued

HSAs Made Easy: Learn the Essentials and Protect Your Savings from Mistakes | Benefits Collaborative

Health savings accounts (HSAs) have become a vital part of many employers’ benefits packages, offering employees a powerful tool to manage healthcare expenses while benefiting from tax advantages. However, managing HSAs goes beyond just facilitating contributions. It also involves understanding and addressing mistakes with distributions that employees might encounter. This article delves into the basics … Continued

Child Care Insecurity – The Cause | Benefits Collaborative

This is the first of a two-part series. One of the challenges we wrote about in The Big Book of HR, 10th Anniversary edition, was child care insecurity. In the aftermath of the COVID-19 pandemic, the spotlight continues to shine on the dysfunction of the child-care system in this country. It is a system characterized … Continued

Form 5500: What You Need To Know | Benefits Collaborative

Attention Employers: Don’t Miss Your Form 5500 Deadline! Here’s a simplified breakdown of what you need to know about filing your employee benefit plan report: Who Needs to File? Employers subject to ERISA (Employee Retirement Income Security Act) with employee benefit plans, unless exempt. What to File? Form 5500 (annual report) for each employee benefit … Continued

Benefits Check-up: 6 Compliance Issues Affecting Your Clients’ Health | Benefits Collaborative

A health plan is more than a product or service; it’s a relationship. All productive and healthy relationships—especially in the benefits space—rely on trust. When an employer extends trust in a broker or insurance carrier to purchase something as critical as healthcare—for people as critical as their workers and families—we’re obligated to raise all factors … Continued

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