Human Capital Management Blog

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It's lonely in HR. Never fear! Benetech's team of seasoned experts provides the wisdom, technology insights, and healthcare regulatory updates that keep under-staffed and over-tasked HR departments informed, in compliance, and running lean!

By: Matt Ingold

August 8th, 2019

Five tips to Changing a Flexible Spending Account Administrator Mid Plan Year

Healthcare

While changing Flex Spending Account Administrator's in the middle of your plan year is not ideal, it is certainly possible.

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By: Matt Ingold

August 1st, 2019

The Pros and Cons of PEOs: Are They a Fit for You?

Human Capital Management

Simplify HR and keep my costs low—has a nice ring to it. Managing employees and their benefits can be expensive and tedious, and the problem only grows as your expand. A Professional Employer Organization (PEO) is certainly an option for employers looking to offboard HR tasks and find some possible savings on health insurance. The question—is a PEO a good fit for you? Here are a few pros and cons to consider, as well as some topics that most PEOs like to avoid discussing in their sales presentations. Joining a PEO is a big commitment, so the following tips will help you walk into the discussion with eyes wide open.

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By: Marissa Dalmata

July 29th, 2019

Will the Expansion of Preventative Care in HDHPs Drive Up Costs?

Healthcare Compliance

In the United States, 86% of health care costs are spent for people with chronic conditions. While High Deductible Health Plans (HDHPs) have been a popular plan offering for employers seeking reduced health care costs for employer-sponsored plans, the high up front deductibles were often a deterrent to participation from employees with chronic conditions. In HDHP's participants can receive copays before paying their full deductible for services classified as "preventative care." But for people with chronic conditions, it was almost guaranteed they would be paying their entire deductible. However, on July 17, 2019, the IRS released a notice which added a number of chronic conditions whose treatment would fall under that definition of "preventative care."

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By: Matt Ingold

July 17th, 2019

With Recent Federal Court Decision, Can NYS Still Prohibit Mandatory Arbitration for Sexual Harassment Allegations?

NYS Sexual Harassment Training

When Governor Cuomo signed the 2018 Budget Bill, one of the provisions was a prohibition against employers including any written clause in employee’s contracts or company policy requiring sexual harassment allegations to go through mandatory arbitration prior to outside courts. The only exception would be where this provision was inconsistent with federal law.

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3 Most Common Mistake Employers Make When Offering Benefits

Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.

By: Matt Ingold

May 17th, 2019

Is Non-Discrimination Testing on Your Premium-Only Plan Worth the Money?

Healthcare Compliance

A Section 125 plan, AKA a cafeteria plan, allows employers to give employees the option of taking cash or make a pre-tax contribution to their employer-sponsored health plan. This is a great benefit to employers (reduced payroll and FICA tax) and employees (reduced taxable income and paying health premiums with pre-tax dollars). While cafeteria plans have been around for decades, we still run into employers who deliver their plans on a post-tax contribution basis and miss out on the savings for their business and employees. A simple $300 plan document can save thousands of dollars year-over-year. But that aside, there are stipulations to gaining the tax benefits of a Section 125 plan, and the IRS imposes strict testing to make sure that an employer's plan does not discriminate in favor of highly compensated employees.

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By: Jason Barnes

May 8th, 2019

What is the Updated Time Off to Vote Law in NY for 2019?

Company News

It’s common around election time for employees to request time from their employer to vote. On April 12, Governor Cuomo signed legislation S.B. 1505 as part of the 2020 New York State budget package, impacting employer requirements for voting accommodations. The changes are as follows:

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By: Mary Lou F.

April 12th, 2019

Can an Employer Delay Designating FMLA Leave to Extend an Employee's Benefit?

Compliance & Auditing

Today's Q&A covers a common question surrounding FMLA designation. At times employers choose to deliver generous leave benefits that extend beyond those mandated by FMLA (i.e. beyond 12 weeks). But does that mean that the protections of FMLA are extended as well?

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By: Matt Ingold

April 5th, 2019

What's the Difference Between NYS and NYC Sexual Harassment Laws?

Compliance & Auditing | NYS Sexual Harassment Training

Question: What are the differences between NYS and NYC Sexual Harassment Laws?

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Before you leave...

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Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.

Before you leave...

Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.