The knowledge that employers are paying claims can dramatically change employees’ entire outlook on health benefits and total compensation, says CBIZ's Zack Pace.
DOL regulations provide certain welfare plans relief from the annual review requirement, but non-compliance for applicable employers can come with hefty fees.
Employers who are considering the switch without talking to an adviser languish over the decision up to 24 months, while those working with a professional complete the process within a year.
The knowledge that employers are paying claims can dramatically change employees’ entire outlook on health benefits and total compensation, says CBIZ's Zack Pace.
With healthcare costs rising at an unsustainable rate, creating a benefits package with real value to both employers and employees can seem increasingly complex and difficult to achieve.
