Broker Bulletin
Businessolver announcements, information & resources
June 2024
Product News: Sofia, Our AI-Powered Assistant Now Speaks 53 Languages
Learn more about the 27 new languages added to her skillset
Sofia says, “C̄hạn ca ch̀wy khuṇ dị̂ xỳāngrị?”
That’s “how may I help you?” in Thai. Sofia is wrapping up some world travels in her off-season and just added 27 new languages to her capabilities, bringing her grand total to 53 languages. For those with multi-lingual populations, this feature can be a huge help. Clients have multiple (free) ways to customize Sofia with their vendor information, benefits details, such as deductible amounts, copay amounts, and more. Driving employees to use Sofia can really help them connect with their benefits.
In addition to brushing up her languages, Sofia is now promoting non-electable benefits for our clients who use Activation Paths. Your client chooses which benefits to promote throughout the year, and the whole Benefitsolver ecosystem promotes that benefit through various communications tools. Sofia now offers a “smart widget” – a module based on the platform and mobile app – that changes based on the client’s benefits promotion schedule and whether the member has seen and clicked on the message in the past.
Last Chance to Register for Our June 13 Think & Clink
Sign up to learn more about our new ComplianceDashboard®, product roadmap, and more
Join Businessolver on June 13 from 3-4:30 p.m. CT for a unique introduction to our new ComplianceDashboard. This event blends the complexity of benefits compliance with the elegance of fine wine, offering insights into our Dashboard's analytics and optimization tools. Get a sneak peek at our product updates, including the Benefits Insights Dashboard and enhanced service features. Experience the fusion of compliance and camaraderie in an unmatched virtual setting. Although the deadline has passed to receive your complementary wine kit in time for the event, it’s not too late to see the unveiling of our brand-new ComplianceDashboard!
Empathy Under Pressure: June 12 Webinar
Register now to learn how to help your clients put empathy into action this year
Our ninth annual State of Workplace Empathy study revealed that while mental health issues persist, an empathetic workplace can help create a safer environment where employees feel supported. Join Businessolver, and our client speakers from Microsoft and Cognizant for an exclusive preview of the data and to learn about:
- How you can help build empathetic practices into your clients’ organizations
- Which mental health benefits your clients’ employees value and want the most
- Who owns empathetic culture, and what it will take to close the empathy gap
Hot Off the Press: Businessolver in the News
Businessolver Announces the Release of Recently Acquired ComplianceDashboard
Did you catch the announcement of our exciting new release of the ComplianceDashboard? With the new upgraded experience, you will get access to enhanced features designed to streamline HR and benefits compliance requirements for your clients, ensuring that navigating this complex landscape is not only easier, but more secure and efficient. To learn more about the ComplianceDashboard, or to see a demo live click on the links below.
Make sure to take our short survey
It will take less than 5 minutes and you will receive some Businessolver swag for participating!
What’s New in Compliance?
IRS Releases 2025 Inflation Adjusted HSA Contribution Limits and HDHP Limits
The IRS has released the 2025 updates to the Health Savings Account (HSA) annual contribution limitation for the calendar year 2025. The annual limitation on deductions for an individual with self-only coverage under a high deductible health plan is $4,300, and the annual limitation on deductions for an individual with family coverage under a high deductible health plan is $8,550.
For the calendar year 2025, a “high deductible health plan” is defined as a health plan with an annual deductible that is not less than $1,650 for self-only coverage or $3,300 for family coverage, and for which the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $8,300 for self-only coverage or $16,600 for family coverage.
For plan years beginning in 2025, the maximum amount that may be made newly available for the plan year for an excepted benefit HRA is $2,150.
Resources and Upcoming Events
The B in DEIB: Building a Culture of Belonging - Benefits Pulse Vodcast
Diversity, equity, inclusion, and belonging (DEIB) are a key component to a healthy, productive, and engaged workplace. But only 37% of employees say that their workplace has made meaningful change or investment into DEIB. Tree Santomarco, VP of People Operations at HealthSherpa, and Lisa Alvarado, Managing Director at Holistic, join the vodcast to dig into what it really means to build a culture of belonging and how a true sense of belonging has a profound impact on employees’ wellbeing.
AI, Cybersecurity, and HIPAA: Vendor Checklist
For your clients, there are endless possibilities for AI in recruitment, performance reviews, and compensation models. But what is AI’s true potential as a tool for your clients when it comes to benefits compliance and information security? Read our recent blog on what considerations your clients should have when evaluating vendors.
Reading Your Clients’ Minds: HR’s Data-Driven Revolution
AI and data will be the foundation of greater engagement and benefits utilization for your clients. How can you help your clients understand what their employees are thinking as they are enrolling in, learning about, or activating on their benefits? Check out our recent blog below to learn how AI and data-driven innovation will help reveal the answers to these questions and more.