Employee benefits has become a key differentiator for employers in the quest to attract and hire the best talent. To that end, companies strive to offer customized benefits programs that would meet a wide variety of employee needs. Of course the more options your clients offer, the more complex the administration of those benefits can become. As an isolved Network partner, you have access to the services provided by isolved Benefit Services, an established, service-oriented company that offers white-glove service for critical benefits administration, saving your clients time while reducing risk and delivering more competitive benefit plans.
isolved Benefit Services makes the complex task of managing workforce benefits easier and more efficient for your clients. They work hand-in-hand with you to ensure that participants have the information they need to properly and efficiently manage benefit selections.
Without a properly managed compliance program you can open the door to possible IRS excise tax issues, ERISA penalties, litigation, and becoming self-insured for claims. Our isolved subject matter experts can turn complex rules and regulations into answers that are practical and understandable.
Employers can provide previous year data such as hours worked and benefit offering and isolved's ACA Print & File will produce hard copies of 1094 and 1095 forms as well as eFile those forms with the IRS on behalf of the organization.
An ERISA wrap document is a tool that helps an employer maintain compliance with ERISA rules related to plan documents and summary plan descriptions (SPDs).
Healthcare FSAs and dependent care FSAs can offer greater flexibility in your benefit packages and increase your employees’ take-home pay, or allow your employees to set aside pre-tax funds to pay for qualified child or dependent care expenses, respectfully. Meanwhile, a health reimbursement arrangement (HRA) is an employer-funded plan that pays for medical expenses for employees and their covered dependents. A health savings account (HSA), enables employees to put funds aside on a pre-tax basis to pay for medical expenses (such as over-the-counter items) that qualify.