Tip of the Month
Optimizing benefits technology for your clients
Ensuring your clients' HR teams can efficiently manage benefits administration is likely one of your top priorities as a partner, right? By aligning with the right technology solutions, you can help them to address key pain points like cost management and process automation.
Recommend user-friendly systems that integrate seamlessly and offer educational resources to empower employees. By prioritizing these functionalities, you can help your clients transform their benefits administration into a strategic advantage.
Regulatory Roundup: Compliance Updates You Should Know
Final MHPAEA rules released by HHS, Labor and Treasury Departments
On September 9, 2024, the U.S. Departments of Health and Human Services, Labor, and the Treasury released final rules ensuring equitable treatment limitations for mental health and substance use disorder care compared to medical and surgical treatment. This requires employers and insurers to provide comparable coverage for MH/SUD services, enhancing comprehensive care.
For more information to share with your clients, check out the Departments’ news release and fact sheet.
IRS releases 2025 ACA Affordability Percentage
The IRS has released the 2025 ACA Affordability Percentage. For plan years beginning in calendar year 2025, the Required Contribution Percentage is 9.02%, up from 8.39% in 2024. This change is important for budgeting and financial planning for both employers and employees.
Read the IRS update to keep your clients in the loop.
Channel Partner Connect
What says fall better than AE insights and donuts?
Join us for our upcoming Think & Clink on November 14th to explore post-Annual Enrollment insights, AI advancements in benefits, and strategies for improving your clients’ employee engagement—all while enjoying a tasting of three exquisite alcoholic ciders and donuts. Register by October 31st to receive your cider and donut kit in time for the event.
Unlock Compliance Success for Your Clients: Attend our December Webinar
Are your clients feeling overwhelmed by risk management, benefits compliance, and staying ahead of regulations heading into 2025? Join Businessolver on December 3rd from 1-2 p.m. CT for our compliance-focused webinar with panel experts, including Seyfarth Shaw, ComplianceDashboard and Businessolver's Head of Compliance, Bruce Gillis. Gain insights into the 2025 compliance landscape which will be heavily shaped by an election year and strategies to future-proof your clients' benefits compliance.
New and Noteworthy: Your Monthly Industry Update
50 years of ERISA: a benefits advisor and broker perspective
Fifty years after the enactment of ERISA, benefits advisors and brokers remain essential in ensuring employee benefit plans are compliant, optimized, and adaptable to ongoing legislative and technological changes, safeguarding the interests of all stakeholders.
Health benefits costs expected to jump 7% in 2025
Prescription drug costs are the primary driver behind a projected 7% increase in health benefit costs for employees in 2025, with smaller employers bearing the brunt of these rising expenses if no cost-cutting measures are taken. What does this mean for your clients?
Closing the AI gap: How intelligent prior authorization is transforming health care
Utilizing intelligent technology to automate and optimize the prior authorization process bridges the gap in AI adoption, provides a return on investment for health plans, greatly improves quality of care, and decreases the administrative load for providers.
Stay Informed: Businessolver Updates Curated for You
Help your clients deliver on empathy
Leveraging technology in benefits administration is not only about efficiency but also about enhancing empathy within organizations. Partners like you play a vital role in guiding your clients to select technologies that truly support employees' well-being. According to recent insights, 90% of CEOs and 68% of HR teams believe AI can enhance organizational empathy.
To ensure your clients' technology contributes to empathy, consider these questions for assessing technology partners:
- How is your product roadmap informed by client feedback?
- How does your technology simplify benefits access?
- What tools help distribute comprehensive information?
See how Businessolver’s recent service innovations can deliver delight with empathy for your clients.
Enhance Your Clients’ Benefits Marketing Engagement
Businessolver's new Benefits Communication and Automation Engine offers tools to improve employee benefit communication by providing personalized and automated messaging across various channels. This allows you to assist clients in optimizing their benefit strategies, enhancing employee engagement, and maximizing investment returns in benefits programs. Read more about the value our new Engine can bring to your clients below.
Read the press release
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