TouchPoints: The Empyrean Blog

Archive for the ‘Benefits Administration’ Category

Energize Your Annual Enrollment: Five Tips to Engage, Educate, and Enable Your Employees for a Better Benefit Experience

Thursday, September 28th, 2017

Annual enrollment (AE) is approaching fast. For all the time and effort HR teams dedicate to this yearly event, however, many employees remain disinterested or anxious when it comes to shopping for their benefits. How can you and your team ensure a successful annual enrollment? (more…)

Health Savings Accounts: Combining HSAs and Technology to Drive Greater Value to Your HDHP

Thursday, September 21st, 2017

In response to rising pressures, many employers are turning to high deductible health plans (HDHPs) to meet the needs of both their businesses and employees. Combined with an health savings account (HSA), an HDHP can prove to be a mutually beneficial option for both businesses and workers, but your success is dependent on how these options are strategically approached and supported. (more…)

High Performance Networks: Leveraging Benefits Administration Technology to Support ACOs and Narrow Network Plans

Wednesday, September 13th, 2017

As the cost of coverage continues to rise, employers are expected to increasingly turn to high performance networks – or HPNs – to offer competitively priced protection and care. Though HPNs may bring financial advantages, however, simply adding these types of plans to your benefits packages is not enough to shift workers’ mindsets and garner significant adoption.
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2017 Employee Benefit Trends Report

Monday, June 26th, 2017

Results from this year’s Empyrean Annual Enrollment survey indicates HR leaders’ growing interest in consumer-driven plans, as well as the need to maintain strategic control to adapt to rapid business changes. (more…)

Exposing the Top 5 Myths about Outsourcing Benefits Administration

Thursday, May 25th, 2017

More and more employers are exploring automated solutions to address the increasingly complex challenges of administering their employee health and welfare benefits programs. Today, 6 in 10 employers feel overwhelmed by the increasing complexity of their benefits program management.1 However, some HR teams hesitate outsourcing these functions due to five common myths and misconceptions. (more…)

Outsourcing Benefits Administration: Are You Ready?

Monday, May 22nd, 2017

Whether outsourcing your benefits administration for the first time or making the switch to a new vendor, it’s important to consider your current and future responsibilities and goals alongside your internal capabilities. Which route best aligns with your benefit needs and challenges? (more…)

Traditional Benefit Offering, Private Exchange, or Hybrid Strategy: Which is Right for Your Workforce?

Monday, April 10th, 2017

Today HR can utilize a traditional benefits administration offering, marketplace or private exchange, or – with the support of a modern technology platform – implement both simultaneously to execute a hybrid strategy. But each organization faces unique challenges, meaning no strategy is a one-size-fits-all. To determine the right fit, employers must carefully consider strategic and technological options alongside their current and future needs – and also determine their employees’ needs as benefit consumers.
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Empyrean CEO Rich Wolfe Wins EBN’s Technology Innovator Award

Wednesday, April 5th, 2017

Employee Benefit News has named Empyrean CEO and Co-Founder Rich Wolfe one of the top 21 innovators shaping the benefits technology landscape today. (more…)

ACA Update: Republicans Withdraw Their Repeal Bill and the ACA Lives On (For Now)

Monday, March 27th, 2017

On Friday, President Donald Trump and House Speaker Paul Ryan withdrew their proposed Affordable Care Act (ACA) replacement bill, entitled the American Health Care Act (AHCA). The bill faced staunch opposition from both Democratic leaders and hard-line conservatives. This failure was a significant one for the new Trump administration, which made repealing and replacing Obamacare one of its central campaign promises. Now, what’s next for the ACA? (more…)

Service Philosophy: Five Things to Consider for Benefits Administration Success

Monday, March 13th, 2017

There are many factors to consider when evaluating a prospective benefits administration platform. While the technology powering your solution is a critical component, it is not the sole indicator of future success. Given the complex and ever-evolving nature of employee benefits, even the most robust tools require knowledgeable service and support to realize optimal efficiency. (more…)

Update: Republicans Reveal Plan to Replace Obamacare

Wednesday, March 8th, 2017

On Monday, House Republicans shared their plan to repeal and replace the Affordable Care Act (ACA). However, the long-awaited bill must tackle tough challenges and doubt on both sides of the aisle in order to become law. (more…)

Five Important Factors to Evaluate During a Benefits Administration Technology Demo

Monday, March 6th, 2017

Seeing a potential platform in action is an important part of any technology decision. However, there are several elements that are difficult to judge during a demo – but can end up having the biggest impact on your solution’s overall success. (more…)

12 Traits to Look for in a Successful Benefits Administration Technology Partner

Friday, February 24th, 2017

Whether you’re looking for a new benefits administration partner, or considering outsourcing for the first time, it’s crucial to understand what sets successful solutions apart. With the right knowledge, you can avoid common compromises and reduce your risk of poor choice and project failure. (more…)

ACA Update: How to Prepare for Affordable Care Act (ACA) and Healthcare Reform Changes in 2017 and Beyond

Wednesday, February 15th, 2017

The ACA will inevitably change under the Trump administration – but how will this affect employers? As President Trump and Congress unravel the complex healthcare law, timelines and plans for a replacement continue to shift and evolve. With upcoming ACA deadlines and the threat of penalties still looming, this regulatory uncertainty has left many employers wondering what’s next. (more…)

ACA Compliance: Key Takeaways from the 2015 Tax Year Experience to Prep You for 2016

Wednesday, July 20th, 2016

While the first Affordable Care Act (ACA) reporting year is behind us, compliance challenges continue. Now employers face massive potential penalties with less margin for error, and still must wait for IRS final guidance and instructions for the second year of reporting. Stay proactive and prepped with these takeaways from the 2015 ACA experience. (more…)

Empyrean and Bloom Health: Leading the Evolution of Benefits Technology

Tuesday, July 5th, 2016

Rich Wolfe, CEO Empyrean Benefit Solutions

Today we’re announcing big news: Bloom Health has officially joined the Empyrean family. Together, we’re moving towards a unified one-platform approach to bring the best benefits technology and services to employers and their employees. (more…)

Scaling Up in Tennessee

Friday, May 20th, 2016

We believe great technology should be scalable. It should just work, regardless of your company’s size or plan complexity. Great technology also needs great people supporting it. So as our client base grows, we will continue to scale up with equally strong customer support.

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Benefits Administration Optimization: Are your gears aligned for operational, technological, and cultural success?

Tuesday, May 3rd, 2016

HR is under more pressure than ever to do more – and deliver more – with fewer personnel, time, and financial resources. This daily grind may cause compromises which may threaten your ability to execute your strategy and daily work – and are wholly unnecessary.

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Does your Benefits Administration data make things easier or harder?

Tuesday, April 5th, 2016

Ted Sanft, Chief Technology Officer

For many Human Resources (HR) department leaders, the ability to process and resolve the dozens, if not hundreds, of issues that arise daily stems from being able to get, use, and disseminate accurate and timely information. (more…)

Key issues when considering a private exchange strategy

Tuesday, February 2nd, 2016

By Rich Wolfe, CEO Empyrean Benefit Solutions

As the market for private exchanges in delivering health and welfare benefits has grown over the past few years, more employers than ever are considering if they should implement their own private exchange. If you’re one of those employers, I want to share some thoughts that hopefully will help you in your evaluation. (more…)