Tag: employee benefits

Benefits for a Multigenerational Workforce | PA Employee Benefits Agency

If only everyone valued the same things, benefits planning would be a lot easier.  If. Only. However, most employers have five generations of employees active in the workplace who want different things.  With generation gaps spanning more than 75 years, finding a one-size-fits-all benefits package can be challenging.  However, there are certain things to consider … Continued

How Health Insurance Can Win the War for Talent | Pennsylvania Benefits Agency

The COVID-19 pandemic shined a spotlight on the importance of employer-provided health benefits. Not only have employees been requesting an expansion of their benefits for months, but report after report has indicated that comprehensive plans that also cover mental health or include paid parental leave, for example, are the key to getting people back to … Continued

Exploring Year-Round Benefits Engagement | PA Benefits Consultants

Just as with any good, healthy relationship, communication with employees is key. Only communicating with employees regarding their benefits package during open enrollment will most definitely result in them not taking full advantage of all it has to offer. In an effort to assist employees in understanding and maximizing their benefits, companies should use a … Continued

Exploring EAPs | Pennsylvania Benefits Advisors

Employee Assistance Programs (EAP) are company-sponsored programs that provide assistance to employees for a variety of personal issues that may be hindering or adversely affecting their work performance. Typically offered through third-party administrators, EAPs can provide their services online or via telephone and can sometimes be a part of the employee’s healthcare plan, however it … Continued

Gamification and Open Enrollment | PA Benefits Firm

Open enrollment season is upon us and many companies are choosing to host “virtual benefits fairs” instead of the traditional “walk and talk” fairs. Open enrollment meetings have turned into live streaming events or recorded webinars. Incentivizing employee participation in these areas can come in a variety of ways but the newest trend is gamification. … Continued

How to be an Open Enrollment Rockstar | PA Benefits Advisors

 It’s the most wonderful time of the year. No, it’s not Christmas—it’s Open Enrollment!!   When the autumn leaves fall and the weather turns cooler, we know it’s time to start thinking of open enrollment hype and meetings and meetings and meetings. So how do you change normal and ordinary communication about employee benefits and … Continued

Volunteering Time Off, Part Two | PA Employee Benefits Agency

Right now our national unemployment rate is 3.7%–edging towards a 50-year low. With this low rate, companies are actually finding it increasingly harder to hire and retain great talent. One way to combat this issue is by increasing employee engagement through volunteering.   In survey after survey, employees state that they want to work for … Continued

Volunteering Time Off, Part 1 | PA Employee Benefits Agency

Volunteering Time Off, or VTO, has become a buzz topic for many companies as of late. It involves encouraging employees to take time off from their job to plug in to their community and the nonprofits that support it. Let’s delve in deeper to understand what VTO looks like. Typical VTO policies allot for 8 … Continued

Ask the Experts: Executive-Only Medical Plans | PA Employee Benefits Agency

Question: Our company offers group medical and dental plans for all employees. We also have an executive-only medical plan that covers out-of-pocket expenses that the regular group plan does not pay. Does COBRA apply to the executive-only plan? Do we have to include it in our summary plan description (SPD)? Answer: The coverage continuation requirements of the … Continued

PCORI Fee Increase for Health Plans | Pennsylvania Benefits Consultants

On November 5, 2018, the Internal Revenue Service (IRS) released Notice 2018-85 to announce that the health plan Patient-Centered Outcomes Research Institute (PCORI) fee for plan years ending between October 1, 2018 and September 30, 2019 will be $2.45 per plan participant. This is an increase from the prior year’s fee of $2.39 due to … Continued

 

Fairmount Benefits Company

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Radnor, PA 19087
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