Introduction to Life Events for Benefits
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Description
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Life Event Enrollment is a special enrollment period outside of a company’s standard open enrollment period.
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Life Event Enrollment is a special enrollment period outside of a company’s standard open enrollment period.
Section 125 plans enable employees to pay for certain benefits, such as health insurance premiums, out-of-pocket medical expenses, and dependent care expenses, using pre-tax dollars.
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Employee seniority refers to the length of time that an employee has worked for a company or organization. Employee seniority can often affect the benefits that an employee is eligible for.
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COBRA, which stands for the Consolidated Omnibus Budget Reconciliation Act is a U.S. federal law that applies to employers with 20 or more employees.
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When referring to benefits and enrollment, there are different terms and types of enrollments to consider.
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Benefit Types define and categorize the types of benefit plans a company configures and provides to their employees. Benefit Plans allow a company to define the details and configuration settings.
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Open Enrollment is a period when employees choose their benefit options, ensuring coverage for themselves and their families.
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