Employee Benefits Corporation

In today’s rapidly evolving landscape, where reliability, efficiency, and expertise are of the utmost importance, finding the right third-party administrator (TPA) to administer your employee benefits is crucial. As we delve into the key considerations for choosing the right TPA, we'll explore the crucial role of reliable service, extensive experience, diverse product offerings, and more! Through this, we aim to equip you with the insights needed to make an informed decision and find a partner that not only meets your needs but exceeds them at every turn. Find out what you should be looking for in your TPA: https://hubs.la/Q02DW8P80

At EBC, our HSA is an employer-offered benefit that works like a bank account for accountholders--but also offers triple tax savings and investment opportunities. Find out more: https://hubs.la/Q02FhSMY0

We're excited to welcome the newest member of the EBC Sales Team, Aaron Hunt, who recently joined us as the Regional Sales Director for the Mid-Atlantic Region. Aaron is an accomplished sales professional who comes to EBC with 13 years of experience in the benefits industry. Welcome to EBC, Aaron!

The last few years have been tumultuous in the employment and benefits space to say the least – with a global pandemic, the Great Resignation, and quiet quitting. Despite these significant changes that have disrupted the workforce, employers are starting to see some regularity and stability with unemployment rates returning to 4% in May 2024, which is on par with pre-pandemic levels. This return to some variation of normalcy gives employers an opportunity to refocus their benefits efforts and make sure they’re aligned with what employees are looking for. Read our latest blog for what's trending in employee benefits in 2024: https://hubs.la/Q02DVGmq0

HSAs go beyond what other benefits offer by giving accountholders the flexibility to spend, save, or invest their HSA funds. Whether accountholders choose to spend their funds on eligible expenses or save and invest their HSA funds, they will receive tax savings that can assist them on their road to financial wellness.

Employers who are subject to COBRA have several requirements they must take care of to remain compliant, mainly distributing required notices. Aside from notice obligations, employers have to understand which benefits are subject to COBRA, who should be offered COBRA, what the qualifying events are that trigger COBRA, the timing of what notices need to go out and when, collecting premiums from those on COBRA, and much more. There’s a good reason why so many employers rely on a TPA to manage their COBRA programs. Read our recent blog to learn more about the challenges of self-administering COBRA and potential penalties related with noncompliance: https://hubs.la/Q02DVsBd0

Gym memberships. Fitness equipment. Red light devices. Supplements. Yoga. Cold plunge tubs. Saunas. What do these all have in common? They are sold for general health and well-being. This means, FSAs/HRAs/HSAs can only be used to pay for them under select circumstances, as these accounts can only be used to pay for medical expenses. Read our latest blog, where we untangle the confusion surrounding wellness expenses and pre-tax benefit accounts: https://hubs.la/Q02FGJLN0

Happy Independence Day! In observation of the holiday, our office is closed today, Thursday, July 4. EBC wishes you and your loved ones a safe and enjoyable holiday.

Our employees are everything to us. The following employees celebrated a major milestone anniversary in the first half of 2024. From 5 years to 15 years, we'd like to wish our sincerest gratitude! Thank you for your hard work, leadership, and loyalty throughout the duration of your time here. Cheers to many more years of success and milestones to come!

Looking for quick access to the most up-to-date benefit limits for FSAs, HSAs, and more? Bookmark our limits page for easy access to current limits: https://hubs.la/Q02y-2Dw0