Employee Benefits Report – September 2018

Navigating DOL 401(k) Audit Red Flags

red flag
Think there’s no way your retirement plan might be audited? Think again.
Read on for details.

Enforcement of the Employer Shared Responsibility Provisions Now in Full Force

<money with stethoscopeThe Internal Revenue Service (IRS) now is enforcing the Affordable Care Act’s Employer Shared Responsibility provisions (ESRP) for health care benefits for 2015 and 2016. The IRS also has announced the affordability percentage for tax year 2019.
Read on for details.

The Nonprofit Dilemma — How to Provide Good Health Care Benefits

notebookHealth care benefits are a good way to attract and keep top talent. Here’s what you can and cannot do when offering benefits.
Read on for details.

Wave of the Future: Value-Based Care

The practice of insurers paying fee for services to physicians and hospitals is going the way of the dinosaurs. Look for value-based care to replace the current payment model.
Read on for details.

Employee Benefits Report – August 2018

Most Employees Don’t Feel Financially Prepared for Retirement

retirement road sign
Although the U.S. economy is strong and the stock market continues to rise, most employees are worried about the future.
Read on for details.

How to Plan for Life’s What-Ifs — with Long-Term Disability Insurance

wheelchairFew people can imagine a day when they will be too ill or injured to work. Unfortunately, it’s not that uncommon. According to the Council for Disability Awareness, more than one in four of today’s 20-year-olds can expect to be out of work for at least a year because of a disabling condition before they reach the normal retirement age.
Read on for details.

Are Indemnity Health Insurance Plans Right for Your Company?

boardroom tableIf you’re looking for health insurance that allows your employees to see any provider, you may want to consider an indemnity plan.
Read on for details.

Gamification Comes to Health Care

Playing games is fun — but sometimes it can also be good for your health and bottom line.

Read on for details.

Employee Benefits Report – July 2018

Is Your Company’s Retirement Plan Safe from Hacking?

hacked computer
Many employees rely heavily on the money they put into their employer-sponsored 401(k) account to pay for their retirement. The last thing they want is for the money to be stolen by cyber thieves.
Read on for details.

Answering Your Employee’s Questions About Enrolling in Medicare

chalkboardWorking past age 65 is no longer uncommon. According to the U.S. Jobs report, almost 19 percent of people 65 or older worked at least part-time in the second quarter of 2017.
Read on for details.

What You Need to Know About Group Life Insurance

umbrellaEmployer sponsored life insurance is the way most Americans receive coverage. There are important decisions to make when offering coverage to employees.
Read on for details.

HSAs — Good for More Than Just Paying Medical Expenses

Your employees can enjoy the benefit of paying their long-term-care insurance premiums tax free — if you offer a Health Savings Account (HSA).
Read on for details.

Employee Benefits Report – June 2018

Could Paid Family Medical Leave Be in Your Company’s Future?

association health plansAlthough the federal Family and Medical Leave Act (FMLA) requires some employers to provide unpaid leave to workers for family or medical reasons, several states now mandate employers to provide paid leave.
Read on for details.

ACA Compliance Issues for 2018

2Even though the Affordable Care Act (ACA) is in its eighth year, many employers are not especially confident they know how to stay in compliance with the controversial health care reform law.
Read on for details.

What’s The Best Health Care Account for Your Employees?

3Help your employees achieve more control over their health care decisions and expenses by providing them with a savings account for medical expenses.
Read on for details.

New Disability Insurance Regulations Designed to Provide Safeguards for Policy Holders

New regulations will affect employers and plan administrators who offer short-term and long-term disability plans.
Read on for details.

Employee Benefits Report – May 2018

How Could the New Tax Law Affect Your Company’s Benefits?

association health plans
The Tax Cuts and Jobs Act will have a big effect on the way the government taxes employer-sponsored benefit programs. Some of the changes will make it easier for you to offer benefits, while others will make it harder.
Read on for details.

Insurance Terms 101: It Pays to Know Who Does What

2If you purchase group health, dental or vision coverage for your company from an agent or a broker, you’re aware of the wide range of services they offer. Are you also familiar with the terms used in the insurance industry and what each entity does?
Read on for details.

Reference-Based Pricing — A New Way of Paying Health Care Providers

3Many small employers are turning to self-funding to provide economical group health benefits to employees. A growing number now use reference-based pricing to lower costs.
Read on for details.

Congress Looking at Retirement Savings Plans

Congress is considering making improvements to the Retirement Enhancement and Savings Act (RESA). The proposed changes could make it easier for small employers to offer retirement plans to employees and simpler for all employers to offer 401(k) annuities.
Read on for details.

Employee Benefits Report – April 2018

Don’t Let a Flu Epidemic Take Your Business Down

association health plans
A particularly virulent influenza strain, H3N2, was responsible for a record number of illnesses, hospitalizations and deaths this winter.
Read on for details.

Tuition Assistance for a Better Future

2Tuition assistance not only benefits your employees, it helps your company.
Read on for details.

Making a 401(k) Plan a Reality for Your Employees

3A 401(k) retirement plan is one of the most desirable and valuable benefits you can provide your employees. Having an employee retirement plan shows you care about their future and helps employees create a nest egg for a comfortable retirement.
Read on for details.

A Partnership with an Eye To Better Health Care

Three successful American companies decided to see if the status quo of rising health care costs and decreasing patient satisfaction can be improved.
Read on for details.

Employee Benefits Report – March 2018

Stepping into Lower Drug Costs

association health plans
Step therapy can save money but some say there can be a downside.
One way to keep your health benefit plan’s overall costs lower is to encourage employees to choose generic drugs whenever possible. The U. S. healthcare system saved $1.68 trillion from 2005 to 2014 by using generic drugs, according to the IMS Institute for Healthcare Informatics.
Read on for details.

Ten Reasons to Motivate Employees to Use Their Employee Health Benefit Portal

2It’s not enough to give your employees the right health plan if they don’t understand it. An online employee portal or self-service site can help — if employees are motivated to use it.

Read on for details.

Kicking it Up a Notch — Retirement Contribution Limits Increased

3That’s just one of the many changes to retirement plans for 2018.
This year employees can contribute $500 more to their federally legislated retirement funds. The federal government raised contribution limits to $18,500 for 401(k), 403(b), most 457 plans, and the Thrift Savings Plan. The adjustment was made to keep up with the cost of living. Participants age 50 or older, by the end of 2018, may make additional catch-up contributions of $6,000, meaning older savers may defer up to $24,500 into their retirement plan.
Read on for details.

Ways to Proactively Combat Mental Health Issues in the Workplace

Do you have employees who are depressed, anxious or addicted to alcohol or drugs? If so, do you know what to do?

Read on for details.

Employee Benefits Report – February 2018

Affordable Care Act Compliance Issues to Watch in 2018

association health plans
Regardless of whether the Republican-controlled House and Senate repeals, replaces or alters the Affordable Care Act (ACA), there are a number of rules and regulations employers must comply with in 2018 and 2019 if they offer group health benefits to employees. To make sure you’re not caught unaware, review and implement this checklist of obligations and deadlines: Read on for details.

Questions to Ask Potential Retirement Plan Providers

2Thinking of changing retirement plan providers? Here are the questions you should ask.
If your employees are planning to live on Social Security alone after they retire, they could be in for a big shock. The average monthly Social Security payment is now $1,335, while some retirees get as little as $650. Most people, especially when health care costs are factored in, would have a hard time living on that amount. Read on for details.

Communicating the Value of Your Health Benefit Plan

3You’ve worked hard to choose and provide the right group health benefit plan for your employees. The premiums are reasonable, the deductibles are low and plan participants have a good choice of health care providers. Read on for details.

The Advantages of Bundling Group Dental and Vision Insurance

If you shop around, you might be able to save money and get better group coverage by purchasing your dental and vision insurance from the same company.

Read on for details.

Employee Benefits Report -January 2018

Pharmacogenomics: Better Health and Cost Savings

association health plans
Drugs are formulated for normal physiology. Physicians with knowledge of a person’s unique genetic makeup can better determine which drugs will be most effective. Read on for details.

Short- or Long-Term? Which Disability Policy is Best for Your Employees?

2Long-term disability coverage offers employees better financial security. Yet most workers choose short-term coverage
Read on for details.

The Benefits of Offering Supplemental Life Insurance

3Supplemental insurance allows employees to customize their coverage to meet their individual needs. Read on for details.

Voluntary Benefits Now Almost Mandatory

>More employers are turning to voluntary benefits as a cost-effective way to help employees protect their financial assets. Employees, too, are looking for more robust benefit packages.

Read on for details.

Employee Benefits Report -December 2017

Changes to 401(k) Plans Under Consideration

association health plans
Congress is debating possible changes to the 401(k) retirement plans employers offer their employees. Some of the ideas being discussed by Senators and Representatives would favor employees, some would benefit the federal government. Read on for details.

Vision Insurance Trends to Incorporate in Your Benefit Plans

2Employees increasingly rank vision insurance as one of the most important benefits. Here’s how to get the right plan for your employees:
Read on for details.

Proposed Changes to Group Health Insurance for Small Employers

3The president and congress continue proposing changes to healthcare laws and the country continues to debate what the effects of those proposals will be. Read on for details.

Getting the Most Out of Disability Benefits

You spend valuable time and money to offering benefits to your employees. So imagine how frustrating it would be for you and your employees if they were unable to enjoy the benefits they deserve.

Read on for details.

Employee Benefits Report -November 2017

Your EEOC Responsibilities as an Employer

association health plansEmployers have a responsibility to protect the rights of employees suffering from a mental health condition. Read on for details.

What to Look for Before Signing a Group Health Plan Contract

2To get the best benefit plan it’s important to know your options
Read on for details.

What Type of Group Health Plan is Right for Your Company?

3These days there are a lot of group health plans to choose from. To pick the right one for your employees it’s important to know the advantages and disadvantages of each. Read on for details.

Why You Should Consider Re-Enrolling Your Employees in Their 401(k)

Once you establish a 401(k) retirement plan for your employees, you might think your work is done. However, despite your retirement plan carrier’s best efforts to educate employees on how to make good investment decisions, many employees do not have appropriately diversified portfolios.

Read on for details.

Employee Benefits Report – October 2017

The What, Who and How Much of Offering Life Insurance

association health plans
As an employer you are in a unique position to offer your employees an easy way to purchase a valuable benefit, costing them less than if they purchased it on their own. Read on for details.

Strategies for Making Your Wellness Program Pay Off

2Wellness programs are promoted as win-win. Employers save money on health care benefit costs. Employees improve their health.
Read on for details.

New Ways to Keep Health Care Benefit Costs Down

3After salaries, Health care benefits are an employer’s largest employee-related expense, according to the Bureau of Labor Statistics. A 2016 survey by the Society for Human Resource Management (SHRM) pegged the annual cost in 2016 at $8,669 for each employee. Read on for details.

Group Health Costs Continue to Climb

It could cost you five percent or more to provide your employees with health care benefits in 2018.
After surveying large employers, the National Business Group on Health released a report on plan design costs this summer.

Read on for details.