Open Enrollment Archives - PrestigePEO

Voluntary Benefits: An Essential Guide for Employers

FnnuLdWHDBwYUdDjjYND4F6R7ehaGHTMJBX6uaZj — Wed, 06 Oct 2021 15:36:38 +0000

With Open Enrollment season upon us, listen in as our team helps you navigate these changes. We’ll review what you need to know this year as you decide on making potential updates. We will break down the specifics together. We review the following topics:

Dental
Vision
Critical Illness
FSA
MetLaw
Lifelock
Hospital, Voluntary Life, and Accident

Webinar Slides

Webinar Recording

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Vaccine Mandate and What to Know, Open Enrollment News, and Much More

Mark P — Wed, 22 Sep 2021 13:37:22 +0000

The PrestigePEO team is committed to keeping you informed of the latest COVID-19 legislative updates. And in our upcoming webinar, we will discuss the latest information regarding President Joe Biden’s vaccine mandate and much more.

Legislative update on the Biden Vaccine Mandate
Open Enrollment plan changes
Part 1 – Insurance 101
NYS HERO ACT

Listen in as our team of experts discuss navigating the current vaccine mandate from the President’s desk. As Open Enrollment season is upon us, we’ll review what you need to know this year as you decide on making potential changes. Lastly, the NYS HERO ACT affects many in our area, and we will break down the specifics together.

Webinar Slides

Webinar Recording

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Updates on COVID-19 Legislation, the FICA Deferral Repayment, and FSA Changes

Mark P — Wed, 01 Sep 2021 14:10:23 +0000

The PrestigePEO team is committed to keeping you informed of the latest COVID-19 legislative updates.

The webinar will review the current status and anticipated end dates regarding the top legislative items:

COBRA Subsidy
FFCRA Benefits
Pandemic Unemployment Assistance

Our team of experts will also discuss the latest on the repayment of the 2020 Employer FICA Deferral for PEO clients. They’ll dive deeper into important deadlines and provide further guidance on options employers will have regarding repayment. In addition, our Benefits team will introduce our new Flexible Spending Account (FSA) vendor, Optum Financial.

Webinar Slides

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Preparing You and Your Employees for Open Enrollment

Mark P — Wed, 18 Aug 2021 14:16:19 +0000

Open enrollment is your company’s annual opportunity to review the medical, dental, vision, and other insurance plans offered to employees. Your employees also have an opportunity to review their employee benefit selections and confirm enrollment.

The PrestigePEO team provides an exclusive walkthrough of this season’s open enrollment timeline, new tools, and resources available for you and your employees.

Webinar Slides

Webinar Recording

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Open Enrollment Season – Employee Benefits & Product Offerings

FnnuLdWHDBwYUdDjjYND4F6R7ehaGHTMJBX6uaZj — Wed, 04 Aug 2021 14:45:08 +0000

As the Open Enrollment season approaches, PrestigePEO wants to inform you of the value that our benefits and product offerings can deliver.

We’re excited to be joined by MassMutual Advisors John Manning and Adam Cherney. They’ll provide an in-depth overview of MassMutual’s Whole Life plan, including Guaranteed Issue Group Whole Life and Guaranteed Death with cash value growth.

In addition, Emily Cody, a Pre-Sales Support Specialist at KRONOS, will show how valuable the KRONOS time and attendance management tool is. Emily will speak to the platform’s ability to help improve the employee experience and support your growing organization.

Webinar Slides

Webinar Recording - Coming Soon!

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Open Enrollment 2020: Employee Benefits Are Different This Year

Mark P — Tue, 20 Oct 2020 17:49:35 +0000

It’s 2020. Things sure are different now.

From the employee perspective, benefits like health insurance are more important than ever. A new report from Prudential Financial reveals double-digit increases in the value employees place on their benefits packages, with over 70% of respondents indicating employee benefits are “a big reason they would stay at a job.” This is up from 59% just one year ago. Furthermore, 75% of survey respondents indicated that they feel access to employee benefits through their employer is more important than ever before due to the pandemic.

While employee benefits are a key reason many are remaining in their jobs, the opposite also holds true for employees that are dissatisfied with their health insurance plan and other benefit options. By over a 2-to-1 margin, survey respondents agreed that they’d be willing to take a chance on a new job right now for better employee benefits.

Image via Prudential Financial

Despite the increased importance of employee benefits, employers are facing tough choices in 2020. Gallagher’s 2020 Benefits Strategy and Benchmarking Survey finds that due to the financial impacts of the pandemic coupled with rising healthcare costs, many employers may adjust their 2020-2021 employee benefits offerings. This could play out as higher premiums or a switch to high-deductible healthcare plans or “HDHPs,” which lead to higher out-of-pocket medical costs for employees.

This year, however, employees are recognizing the value of their overall benefits packages. One strategy for employers to offset the impact of changes to health insurance is to offer additional employee benefits such as supplemental insurance for unexpected medical costs, or tax-exempt health savings accounts.

The best way for small and mid-size businesses to ensure employee benefits costs remain low is to work with a PEO, or “professional employer organization,” to access the best rates on premium health insurance plans and other employee perks. A reliable PEO works on behalf of its clients to keep rates low year after year. A PEO can also help SMBs offer their employees a much more comprehensive benefits package with options like hospital insurance, life insurance, retirement and financial planning tools, pet insurance, and much more.

The benefits of partnering with a PEO are more apparent than ever before, especially as we navigate through Open Enrollment season. While many employees tend to select the same benefit options every year, COVID-19 brought unprecedented changes that may impact many employees’ health insurance and other benefit elections this year. Some people, if they have the budget to do so, may opt to add additional coverage, while others who may have faced furloughs or layoffs may choose to waive certain plans.

This will require a more strategic approach to communicating with employees about the importance of PEO Open Enrollment season and a careful review of their coverage options. With a PEO, SMBs receive the support of a dedicated team of certified HR specialists that are ready to help employees with any questions they may have about their employee benefits. A PEO also helps SMBs manage all employee benefits administration, including making all necessary plan changes and maintaining compliance.

COVID-19 is making it even more critical than ever for employers and employees to pay attention to their options and employee benefit elections this year. With medical costs at an all-time high during a pandemic, many people are experiencing increased concern around any potential changes to their health insurance coverage and how it might impact their families.

Want to learn more about PEO open enrollment? Tell us a little about your company here, and a member of our team will contact you. You can also find more articles, podcasts, and webinars about the benefits of working with a PEO in our Media Center, The Prestige Perspective.

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Open Enrollment Communication To Employees

Mark P — Wed, 23 Sep 2020 13:43:46 +0000

Open enrollment communication to employees is your company’s annual opportunity to review the medical, dental, vision, and other insurance plans offered to employees. Your employees will then also have an opportunity to review their employee benefit selections and confirm enrollment.

Open Enrollment Resources

Listen to the Prestige Employee Benefits team reviews important changes to health insurance plan options for 2020 and other important updates. We’ll also walk through a sample presentation you can use to communicate with your employees about the upcoming Open Enrollment season.

Webinar Slides

Webinar Recording

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Open Enrollment 2020, and a Look at the PPP Loan Forgiveness Report from PrestigePEO

Mark P — Wed, 16 Sep 2020 13:49:07 +0000

Open Enrollment is a once-per-year opportunity to review the medical, dental, vision, and other insurance plans offered by your company and make any adjustments if needed. PrestigePEO is here to guide our clients through every step of the PEO Open Enrollment process and prepare for a great year ahead.

Tune in as we dive into what you can expect during Open Enrollment this year. We review important plan changes, enhancements, and new announcements. We also provide a look at the PPP Loan Forgiveness Report from PrestigePEO and how the information provided in the report flows into the official PPP Loan Forgiveness Application.

Webinar Slides

Webinar Recording

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