With HR departments having an expanded scope among all strategic business arenas, one of the most daunting tasks for them is the paper documentation while managing workforce’s benefits enrollment and other related tasks.Now supervising communicating and collecting information from employees, data entry, and error resolution, HR departments spend a large amount of their time performing benefits enrollment related activities even when they are not directly  [...]
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Recently, a study revealed that more than half of the companies keep looking for improvements in their existing employee management processes. Usually, payroll process is the one that needs enhancements as it is reported as one of the primary issues that organizations face. Most frequent slip-ups in payroll include over payments, inaccurate tax with holdings, underpayments, etc. In addition, if an organization has disorganized processes, then every process  [...]
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In 2015, there will be a noticeable shift in focus areas of employers related to employee compensations and benefits. More focus will be on retirement programs.Since defined contribution plans have become primary retirement vehicle and employers address health plans in order to alleviate Cadillac tax effects, bringing retirement and health together is a preferable option. Emplo [...]
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Offering a 401(k) plan to employees is a rarity in small and midsize companies. Though the plan is one of the most valued and at the same time gives organizations a competitive edge in attracting and retaining talented employees, not many companies having a smaller employee base provide it. Apparently, many business owners believe that offering the plan could cost too m [...]
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TeemWurk is emerging as a popular name among the small and medium sized businesses on pretext of the services it is offering to this group. Our Magical Benefits Bus is doing wonders as a one-stop solution for all benefits administration, Payroll, HRIS & EDI needs of businesses of all sizes. There are many workforce management solutions that are available in the market, but not many come along as an  [...]
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Open Enrollments season is just around the corner. All the employers, brokers and administrators are gearing up for the season in order to ensure that they serve employees with efficient and effective benefit administration. Though, these all make efforts to make the process right, employees must know what they need to do to get appropriate health coverage and how to avoid any mistake or discrepancy during op [...]
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With New Year just around the corner, everyone is busy making New Year resolutions. Most of them are changing lifestyle, leaving bad habits, or losing weight, etc. Businesses can also make their resolutions for New Year. However, they are quite different from these conventional human pledges.With all the hustle around Obamacare, ACA and Open Enrollments, the only thing that is in everyone’s minds is Health Care Coverage!!So here are the Res [...]
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When you talk about a private health insurance exchange, generally people think of the marketplace. But, very few realize the back end processes and activities that go on in the back end. These tasks include processing of enrollment files, billing data management, and maintenance of member files, data rating, and managing plan data. The process of data integration entails compliance with the basic EDI standards and HIPAA provisions. The data ne [...]
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United States Department of Health and Human Services has not yet given any exact figures relating to the number of enrollments that are done “on-exchange” and “off-exchange”. They have yet not made any estimation for the people signing up for the marketplace or federal exchange.Although, the exact figures are still a surprise to all Americans, those will interpret the fate of Obamacare and will prove if Obama Administration is able to [...]
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