Attractive benefit packages help recruit and retain top talent for your organization. isolved Benefit Services simplifies the increasingly complex benefits management process, helping you stay competitive and in compliance with all laws and regulations. We can even help you save money in the process.
ACA Print & File is designed to simplify the ACA reporting process for Applicable Large Employers (ALEs). The service includes creation of hard copy 1094 and 1095 forms, along with distribution and E-filing of the forms on your company’s behalf.
COBRA is a law with a double bite: both the DOL and the IRS routinely conduct COBRA audits and issue penalties. Since 1986, when employers began COBRA compliance, we’ve never had a single client fail a Department of Labor or IRS audit and our notices and procedures have never failed in court. Not once.
ERISA laws set minimum standards for health and pension plans, extending protections to workers and their covered beneficiaries. There are a number of compliance requirements associated with ERISA laws, and isolved Benefit Services offers wrap document services to make sure your business stays within those parameters.
A Flexible Spending Account (FSA) is an employer‐sponsored benefit plan that allows employees to deduct money from their pay on a pre-tax basis. By offering Flexible Spending Accounts, the Employer saves payroll taxes and the Employee saves FICA, Federal and State taxes.
Health Reimbursement Arrangements (HRAs) are a major part of the growing trend toward greater consumer health care responsibility. An isolved Benefit Services HRA can be used in conjunction with a high deductible health plan to curb premium costs or with a Flexible Spending Account (FSA) to help cover out-of-pocket expenses.
If you have high-deductible health plans, an HSA can help your employees save for the cost of deductibles or other medical expenses pre-tax. Like FSAs, the Employer saves payroll taxes and the Employee saves FICA, Federal and State taxes.
A Premium Only Plan is a win-win offering, saving money for your company and your workforce. You will pay less payroll taxes and by paying insurance premiums on a pre-tax basis, your employees’ taxable income is reduced and less income tax is paid. You also benefit from reduced health care costs and save on insurance premiums.
isolved Benefit Services offers Transit and Parking Reimbursement Administration, an employer-sponsored benefit plan that allows employees to have money deducted from their pay on a pre-tax basis that goes to cover certain transportation costs.
Employers are required to send out numerous notices to keep their workforce informed of everyone’s rights and responsibilities. These notices include COBRA General Notice, FMLA General Notice and many more. When you eliminate these tasks from your workday, you’ll be able to concentrate on the more important things, like your business.
If you have a FSA, POP, HRA, or a self-funded health plan, the IRS requires you to conduct non-discrimination testing once a year. The purpose of non-discrimination testing is to ensure that plans are non-discriminatory in eligibility and participation.