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Online Technology
Online TechnologyAvailable to clients with 20 or more employees
COBRA
COBRA AdministrationAvailable to clients with 20 or more employees Federal law requires most employers with group health plans to offer employees, their spouses and eligible dependents a temporary period of continued health care coverage if their employer-provided coverage should cease. These continuation requirements are commonly referred to as COBRA (the Consolidated Omnibus Budget Reconciliation Act of 1985). COBRA contains requirements for group health plans to provide continuation coverage to covered employees and their "qualified beneficiaries" upon the occurrence of a "qualified event". Generally, an employer with 20 or more employees must continue to offer coverage in their group health plan to certain former employees, retirees, spouses, and dependent children. The length of continuation coverage offered depends on the "qualifying event." Kistler Tiffany Benefits provides COBRA administration and premium collection specifically for employers with 20 or more employees. Kistler Tiffany Benefits COBRA Administration gives you the ability to offer guaranteed compliance with the law. The services are available via our web site. As a Kistler Tiffany Benefits client, you can be absolutely certain you are using accurate and up to date notices by using Kistler Tiffany Benefits COBRA Administration. You will also have access to the best COBRA technical advice and resources available.
FSA
Flexible Spending Account AdministrationAvailable to clients with 20 or more employee Through our online technology, we will administer your FSA program. To make your company's FSA a success, we will provide you with: Flexible Spending Accounts allow you to stretch the buying power of your paycheck. With these accounts, before-tax dollars are used to pay for re-occurring expenses previously paid with after tax dollars, such as medical co-pays, dental services, eye glasses, contacts, deductibles and co-insurance, plus over the counter medicines not covered by insurance plans. Tax savings average 30% for every dollar elected into the plan. Net pay goes down on average $70.00 for every $100.00 elected into the plan, so your buying power is increased $30.00 for every $100.00 put into the plan. You increase your buying power by 30% by not being taxed on this money! What kind of Flexible Spending Account should you choose?Healthcare Spending Accounts allow expenses not covered by insurance, such as co-pays, eye glasses, contact lenses, dental benefits, deductibles and co-insurance, plus over the counter medicines. Dependent Care Accounts provide a maximum of $5,000 in benefits to be deferred pre-tax to pay for qualified dependent care expenses. Why not take advantage of these plans? The "use it or lose it" rule requires you to spend the entire amount elected during the year. Unused elections are forfeited. Elections equal to 75% of prior year expenses are recommended. Please contact your Kistler Tiffany Benefits Agent for more information. Section 125
Section 125 PlanBenefits of a Section 125 Plan The pre-tax dollar incentive provided by Section 125 helps both employers and employees control escalating health care costs. Regardless of which type of Section 125 Plan is incorporated in the business, the tax advantages are the same. Savings for Employers Section 125 Plans allow businesses to save on FICA and FUTA tax payments on the money the employees contribute to their premiums. Employer tax savings can average 7 to 10 percent of the employee's contributions.
Example An employer has 50 employees on their medical plan who each contribute $1,200 annually in pre-tax medical contributions.
Savings for Employees Premium contributions are automatically deducted from salaries before taxes are taken out. Because their taxable income is reduced by the amount they contribute, employees pay less tax on the money they earn. Employees see a savings in their FICA, federal, and in most cases state, income taxes. When employees become more aware of how they spend money on benefit items, they tend to practice more cost containment, resulting in savings for everyone.
MERP
Medical Reimbursement PlanA medical reimbursement plan is any plan where an employer reimburses an employee for uninsured health or accident expenses incurred by the employee or his dependents. The most common type of Section 105 plan is a self-funded health plan, where the employer has chosen not to insure health care benefits and to self-fund these benefits rather than pay premiums to an insurer. Section 105 plans are also frequently found inside Section 125 Cafeteria Plans in the form of Medical Flexible Spending Accounts (FSAs). It is acceptable, however, to implement a medical reimbursement plan alongside a conventional health insurance plan (to reimburse amounts not covered by insurance) and outside of a cafeteria plan. Form 5500
Form 5500 PreparationAvailable to all clients with over 100 plan participants The Employee Retirement Income Security Act of 1974 (ERISA) sets requirements for the provision and administration of employee benefit plans. Employee benefit plans include health care benefits, profit sharing, and pension plans for example. ERISA requires companies that meet certain criteria to file a form (Form 5500) annually with the Internal Revenue Service that discloses basic information about each benefit plan, such as plan expenses, income, assets, and liabilities. Kistler Tiffany Benefits can manage your 5500 administration for plans including 100 participants or more. Imagine the time and paperwork this will save your human resource and benefits department. You will increase efficiency, ensure accuracy and compliance, and be provided the freedom to get back to doing what you do best-running your business. Please complete the form and return it to KTB HR Services at the address/email on the form. Payroll Services
Payroll ServicesIf your goal is to save money and simplify your payroll processing, reporting and other tasks, ask us about the advantages of using our Payroll Services. You will find our services to be more economical than other payroll processing companies. We offer full tax services, direct deposit, check signing and stuffing, customized reporting, and convenient online communication with us whenever you have a question about your account. Kistler Tiffany Benefits Payroll Services covers all of your payroll needs professionally and efficiently. We provide:
Employee Screening
Employee Screening ServicesWhy conduct Employee Screening Services? In today's changing environment, it's vital to know what kind of person is working within your organization. Nearly 80% of all large employers conduct employee screening services ranging from Background Searches to Drug Testing. According to published studies, 47% of employees "pad" their resumes, studies have also shown that a substance abuser will function at about 67% of their capacity, and employees using drugs are three (3) times more likely to be late for work and 2.5 times more likely to have absences of eight or more days per year. Who do you think pays for the lost productivity — THE EMPLOYER. In the construction industry, drug testing has been effective in reducing the incident rate by 51% within 2 years of implementation. The question should be: Why not conduct employee screening services? Kistler Tiffany Benefits has partnered with CSS Test, Inc. to offer our clients employee background verification services. CSS is a nationally recognized Employee Screening Company focusing on providing a selection of comprehensive screening services to fit the needs of each of our clients. Our clients will receive verification services as discounted rates. We customize our services to meet the individual needs of your company. A selection of our available services include the following:
Kistler Tiffany Benefits is committed to providing our clients with all the necessary resources for a safe and productive work environment. We have 6,000 collection sites nationwide. We invite you to take a look at the services provided, and when utilizing CSS employee screening services, your organization will have the ability to hire FAST and with CONFIDENCE. HR Assessments
HR AssessmentsAvailable to clients with 20 or more employees We will perform a HR compliance assessment to ensure that your company's human resources practices are fully compliant with recent changes to federal, state, and local laws and regulations. You will receive recommendations for improved efficiency and effectiveness, and we will recommend remedies to reduce regulatory risk and exposure. Our regulatory compliance assessment covers the following functional areas:
HR Consulting Services
HR Consulting ServicesKistler Tiffany Benefits provides Human Resources Consultant services on-site (at your location). By combining our qualified Human Resources professionals with the latest technology, we have created an infrastructure of resources that are difficult to duplicate. Kistler Tiffany Benefits is in the business of building a better workplace. We do this by managing all aspects of Human Resources, so you can remain focused on your core business. The staff at Kistler Tiffany Benefits, with extensive experience, can manage one project or assist with a variety of services customized to your unique business needs. At Kistler Tiffany Benefits, we will provide a broad depth of services, while maintaining a clear focus on your company's strategic goals. Human Resources Management Services include:
Strategic Management Benefits Administration Payroll / HRMS Compensation Training Recruitment Strategies Employee Relations HR Library
HR LibraryFully compliant, up-to-date HR materials available to you through our self-service online Forms and Documents Library. Kistler Tiffany Benefits HR Services' online HR forms and documents library puts a broad range of legally compliant, model employee communications and administrative information at your fingertips. Access everything with ease through our secure Internet portal via a password. Our goal is to help ensure the success of your employee benefits plan and your organization as a whole. |
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