Bukaty Blog

3 ways to save time managing flex account claims

There are several advantages to tax-free benefit accounts such as health savings accounts (HSAs), flexible spending accounts (FSAs) or health reimbursement arrangements (HRAs). These accounts provide participants more direct involvement in their health care, but involvement doesn’t have to mean...

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Merge benefits and payroll for the ideal business solution

Bukaty Companies now integrates our cloud-based payroll software, InspireHCM, with our online enrollment tool. This seamless data transfer prevents duplicate data entry and enhances accuracy.

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Outsourced bookkeeping gives needed protection

As your small business grows, so do your responsibilities and financial risks. Many business owners think fraud, theft and embezzlement could never strike their organizations. But all businesses have some exposure, particularly those where the owner is stretched for time and attention.

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Your fiduciary role can be costly

As a fiduciary, one violation of the Employee Retirement Income Security Act (ERISA) could cost you. Not your business. Not your boss. You. Under ERISA, employers and administrators have fiduciary responsibility, which means they are responsible for managing the company benefit plan properly and...

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Streamline COBRA administration

COBRA compliance has never been easier for our online benefit enrollment clients with our new COBRA integration tool. For current COBRA and online enrollment clients this enhancement streamlines the COBRA process, reducing manual errors and ensuring election notices are expedited.

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Additional protection needed to protect company, decision makers

Company executives and board members are your primary decision makers and often in the line of fire when disputes or liability issues arise. They’re generally personally named in lawsuits for alleged wrongful acts because of the positions they hold. Without the proper protection their personal...

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How HR can help employees get ready for the 2019 tax season

When most individuals think of tax season, their minds jump to April. And hopefully a refund check. However, people are missing out on four months of preparation if they wait until April to assess their tax health. While the tax-planning responsibility rests with employees, there’s room for...

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Employer health costs climb

Data can reveal savings opportunity

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Tips to complete an insurance premium audit

All business insurance policies (e.g., workers’ compensation, general liability, automobile) can be audited by the insurance carrier to verify a business’s reported risk exposure. Typically policies are audited at the end of a policy period, however, high-cost claims or inconsistencies in...

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Website accessibility could trigger ADA claim

In the digital age, it is crucial for businesses to understand the legal risks a potentially vulnerable website can present under the American with Disabilities Act (ADA). According to federal dockets, 216 lawsuits were filed last year under Title III, alleging inaccessibility to company...

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BUKATY PODCAST

Episode 8: Avoiding employee lawsuits

Discover how your business could be at risk for lawsuits, and learn strategies to minimize your chances of getting sued. Our podcast guest shares HR tips you won’t want to miss.

Episode 7: Management training is more important than you realize

Don't leave your managers untrained and unprepared. This episode explores the importance of training your company leaders and how it can be detrimental to your business if you don't.

Episode 6: A benefits package for all ages

Rather than limit your company to an outdated one-size-fits-all benefit package, explore customized, generationally based benefit options for your employees. Each generation has different benefit preferences and Bukaty has the technology and benefit lineup to cater to their needs.

Episode 5: The future of employee benefits

Listen to this podcast and discover how employers are utilizing online benefit management platforms to save valuable time and money. Employees love the ease and convenience an online system has over traditional paper enrollment. It’s a win-win for all!

Episode 4: The power of data analytics

Data analytics can serve as a powerful cost-containment tool for your organization's benefit program. Done right, analytics can illuminate the origin of high health care costs and opportunities for improvement. This episode will examine what it means to analyze data and how a proper analysis can benefit your business.

Episode 3: Understanding reference-based pricing

Reference-based pricing has become a popular strategy to control employer health care costs. Listen to this episode to gain a greater understanding of how this cost-saving strategy can lower reimbursement amounts and overall health care spending.

Episode 2: Busting narrow network myths

Narrow network plans can sound restrictive, but the reality is these plans are a valuable option for many groups. They have the potential to offer up to 20% savings on employee health insurance. 

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