Now is a good time to remind everyone and share a recent example of the impact fraud has on employee benefits. Advisors, employers and employees can all play a part in reducing group benefits fraud. Given the prevalence of employee benefits fraud, a few inconveniences can save a plan thousands of dollars.

Fraudulent activity affects all plans; it is not a victimless crime. Unless detected, fraudulent claims are paid by employers – and very few are detected. This can mean the difference between maintaining or improving a plan and having to increase rates or reduce coverage; it can compromise plan members’ personal information or result in the termination and/or criminal charges for a plan member found complicit.

Enrolling new employees is often a simple process but can have complications. As a Plan Administrator, the goal is to ensure that new hires are enrolled in a timely and correct manner. We're here to help with any questions you may have.

The standard waiting period from an employee's hire date to the effective date of their benefits plan is three months (or 90 days); this normally coincides with the employer's probationary period.

During the pandemic, many employers shifted to a full or hybrid remote work arrangement, but with COVID restrictions being lifted and life slowly returning to the pre-pandemic norm, what was just a temporary measure necessitated by the COVID pandemic is becoming a more permanent arrangement by choice.

Whether you choose to adapt to a fully remote workforce or a hybrid remote work arrangement, employee’s activities while working remotely should be subject to the same standards that are applied at the organization’s offices regarding confidentiality, security, quality, and access to business documents just to name a few. 

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Tax Time doesn’t have to be an overwhelming experience for you or your organization. Having the right solutions on hand — from shredders to filing solutions, archiving supplies and more —will make tax season more manageable.