Businessolver® Client Newsletter
07/16/2024
On-Demand Q3 Product & Compliance Update
Don’t miss out on this important product news
This morning, we hosted our Q3 Product & Compliance Update. If you couldn't join us, we encourage you to check out the on-demand recording as we covered a lot of great innovations coming in Q3, ahead of the annual enrollment season. Beyond running through product updates from the last quarter, we discussed:
- Our new Benefits Insights Dashboard that will give you greater insight into the benefits engagement taking place across our technology and services.
- The next round of decision support upgrades, which includes the ability to model upcoming plan utilization as part of the questionnaire.
- A new AI receipt reader coming to our MyChoice® Accounts participants that will support more effective documentation uploads.
- An exciting digital appointment booking feature coming to MyChoice Find a Provider in September.
- And much more!
Want to learn about all these enhancements coming to Benefitsolver? Check out the on-demand recording and discuss what you are most excited about in the next meeting with your Businessolver client team.
Looking “Fore” Some Fun? Meet us at HR Tech 2024!
Drive more collaboration with Businessolver!
Swing by booth #7909 to tee up a conversation with us, grab a drink, or compete in our hole-in-one contest for prizes at HR Tech on Sept. 24-26 in Las Vegas.
Make sure to register for our welcome reception at S Bar on Sept. 24 from 7:15-9:15 pm for some light bites, signature drinks, and good times. We hope to see you there!
A Game Plan for Putting Empathy into Action
How you can infuse empathy into your workplace
Our State of Workplace Empathy study shows that empathy is as crucial to your organization’s bottom line as it is employee wellbeing. Yet, an average of 50-point gaps exist between the empathetic behaviors employees want from their workplace versus their experience. As organizations look to attract and retain top talent, empathy must be a priority. One of the top ways you can put empathy into action? Make key benefits, like mental health resources, more visible and accessible.
Stay tuned for the full game plan, launching this week. Want it directly in your inbox? Sign up to be notified the moment the report drops.
What’s New in Compliance?
IRS issues FAQ Fact Sheet about Education Assistance Programs
The IRS issued a fact sheet to answer frequently asked questions (FAQs) related to educational assistance programs under section 127 of the Internal Revenue Code. The IRS designed this guidance to help consumers, employers, and tax professionals understand these programs.
Clients with educational assistance plans, or those interested in them, should review this fact sheet to answer any outstanding questions.
Read the FAQs.
The Department of Labor Publishes FMLA Training Deck
Many view The Family Medical Leave Act (FMLA) as confusing due to its broad applicability and interaction with other aspects of employee/employer relationships, such as COBRA. For any clients seeking help understanding FMLA, the DOL has issued a training resource to support FMLA awareness and education.
Check out the FMLA resource.
Upcoming Compliance Deadlines You Should Know
Summer is a time for rest and relaxation. But it’s also a time to knock out several important health and welfare benefit tasks before the end-of-year rush (including annual enrollment for calendar year-aligned plan years). Important items to review this summer include:
- Ongoing: The time to complete Non-Discrimination Testing for Dependent Care FSA is now. The earlier you test, the less likely a correction to any failed test will require retroactive payroll adjustments. Avoid the inconvenience and frustration of end-of-year adjustments and test now!
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July 31: PCORI reporting and payments due.
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Before Annual Enrollment: Review and update your plan documents. Updating your plan documents and having them in place by annual enrollment can save you money on employee communications and allow your employees to have your current information on hand when they enroll.
Upcoming Sessions
Tues., July 30 at 11 a.m. CT: Q3 MyChoice® Accounts Product Update
Join us for our quarterly update to hear about the latest product enhancements for MyChoice Accounts.
Latest Trainings
Be sure to join us for our final training courses of the year as we ramp up for another AE season.
Tues., Aug. 6 at 10 a.m. CT: Reviewing Rates
Reviewing your rates is a critical step to ensuring quality and accuracy throughout the employee experience. Our experts will take you behind the scenes of our rates process and demo the platform and the benefits of our repeatable process.
Thurs., Aug. 8 at 10 a.m. CT: QA Testing and Sign-off
This training is designed to ensure that you are set up for success for your enrollment's annual debut!
Thurs., Aug. 13 at 10 a.m. CT: AE Change Files – Exports & Payroll
Join our experts as they take you under the hood of Benefitsolver to show you how we process exports and payroll.
Thurs., Aug. 15 at 10 a.m. CT: Year-End Processing
It’s time to think about how to prepare for your upcoming end-of-year processing. Join our experts as we dive into how to prepare for elections to transition into the current state and how we make that information available to you in Benefitsolver.
A Peek at Our Pinnacle Partners: Accolade
A better, more personal healthcare experience
Accolade provides millions of people and their families with an exceptional healthcare experience that is personal, data-driven, and value-based to help every person live their healthiest life. Accolade’s personalized healthcare approach puts humanity back in healthcare by building relationships that connect people and their families to the right care at the right time to improve outcomes, lower costs, and deliver consumer satisfaction.
Together, Businessolver and Accolade combine virtual primary care, mental health support, and expert medical opinion services with intelligent technology and best-in-class care navigation. Watch this short clip to learn more about our partnership.