Benefits Enrollment Options
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When referring to benefits and enrollment, there are different terms and types of enrollments to consider.
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When referring to benefits and enrollment, there are different terms and types of enrollments to consider.
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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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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Life Event Enrollment is a special enrollment period outside of a company’s standard open enrollment period.
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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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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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