Benefits

Posts Tagged Benefits

 

Fall-off in preventative visits, some screenings, indicate confusion over coverage

      

With a growing number of workers covered by health savings account (HSA)-eligible high-deductible health plans, how does the use of health care services by HSA participants compare with traditional health plans?

News Updates
September 25, 2014

 

Rising costs and regulatory demands could fuel growth of private health exchanges  
 

Private health insurance exchanges could funamentally alter how employers provide health care to their workers, according to a September 2014 report by PricewaterhouseCoopers’ (PwC’s) Health Research Institute, The Rise of Retail Health Coverage.

News Updates
September 23, 2014

 

Large U.S. employers expect a 4 percent increase in 2015 health care costs for current employees after plan design changes and a 5.2 percent rate increase without plan adjustments, according to Towers Watson’s 2014 Health Care Changes Ahead Survey.

News Updates
September 17, 2014

 

 

During open enrollment, encourage use of benefits information resources  

This open enrollment season, employees have a message for employers about their benefits: Tell us more, please.

News Updates
September 16, 2014
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Although 63 percent of employees at small businesses say they are extremely or very satisfied with their job, many think there's room for improvement when it comes to their benefits packages. Only 12 percent are extremely satisfied with their benefits and only 14 percent believe their benefits package meets their current family needs extremely well, according to the 2014 Aflac WorkForces Report for Small Businesses.

News Updates
July 28, 2014

Financial literacy is the ability to understand money and make informed decisions about how to use it, and more employers are beginning to recognize the benefits of offering financial literacy education programs to employees.

July 1, 2014

Benefits communication is one of those topics that everyone hates to love…or just hates. There are rules and procedures in place that make being fun with benefits communication almost impossible. Today I attended a session titled, Perception is Reality: Best Practices in Benefits Communication” with Mary Schafer of ADP. For those who are new to benefits you’ll quickly learn that getting people to enroll in different programs can be a challenge, especially with rising costs and uncertainty on how Obamacare is really beneficial for the everyday employee.

June 23, 2014

When employers want to customize their voluntary benefits program, they have plenty of options. The list can include anything from employer-negotiated banking fees and travel insurance to a dry cleaning pick-up and drop-off service and discounted days at amusement parks.

News Updates
June 18, 2014
 
The share of employers sponsoring retiree health coverage has declined and employers that continue to offer coverage are redesigning their plans in response to rising health care costs and the Affordable Care Act, according to a new report by the nonprofit Kaiser Family Foundation, Retiree Health Benefits at the Crossroads.
 
News Updates
May 1, 2014

Employer health care costs are expected to reach $9,560 per worker in 2014 

News Updates
March 20, 2014
The Patient Protection and Affordable Care Act (ACA) was signed into law on March 23, 2010, but many of its most significant provisions became effective on January 1, 2014. The ACA imposes new requirements and related penalties for both individuals and employers regarding health insurance coverage. But how does the ACA affect globally mobile employees, e.g., those on a long-term assignment to the U.S. or abroad, or who frequently cross borders on business travel?
News Updates
March 19, 2014

Employers are looking to control benefit costs by asking workers to take on more responsibility for their coverage. There is conflicting evidence, however, as to whether this cost shifting is lowering employees' perception of the value of their benefits.

News Updates
March 11, 2014
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In another delay of Patient Protection and Affordable Care Act (PPACA) requirements, the U.S. Health and Human Services Department (HHS) extended for two years a transitional policy that provides insurers the option, if allowed by their states, to renew their policies for current enrollees without adopting all of the 2014 market rule changes.

News Updates
March 7, 2014

If you’re anything like me, you don’t spend too much time thinking about how much money is in your retirement account.  Yes, I know, I’m a tax and benefits lobbyist, so you’d think that I’d know what my balance is down to the penny!  But the truth is, like many employees, although I know that I’m contributing to my retirement account, I don’t fret about the details on a daily basis. That’s about to change, as pending tax reform could significantly impact not only the types of investment options available but whether employees will have access to a retirement account at all.  

March 4, 2014

If you’re anything like me, you don’t spend too much time thinking about how much money is in your retirement account.  Yes, I know, I’m a tax and benefits lobbyist, so you’d think that I’d know what my balance is down to the penny!  But the truth is, like many employees, although I know that I’m contributing to my retirement account, I don’t fret about the details on a daily basis. That’s about to change, as pending tax reform could significantly impact not only the types of investment options available but whether employees will have access to a retirement account at all.  

February 28, 2014

Plan designs are rewarding cost-savvy choices 

Most U.S. employers plan to continue sponsoring health benefits for active employees and retirees but expect to change the way those benefits are managed and delivered in the coming years, according to research from Aon Hewitt.

News Updates
February 27, 2014

Nearly every Monday for three years, Paul Guthery III caught a 7 a.m. flight from Raleigh, N.C., to Chicago, arriving at his Northbrook, Ill., office between 8:30 a.m. and 9:30 a.m. 

By 2 p.m. on Friday, the U.S. director of information technology at Potash Corp. was headed out the door for a 4 p.m. flight home to spend the weekend with his wife and grade-school-age son.

News Updates
February 25, 2014

Premiums for employer-provided health coverage in California have risen 185 percent since 2002—more than five times the state's overall inflation rate—according to a new report by the nonprofit California HealthCare Foundation.

News Updates
February 7, 2014

In his 2014 State of the Union address, President Barack Obama announced he would instruct the U.S. Treasury to create a new kind of salary-deferral retirement savings vehicle, the "myRA," to give workers whose employers don't offer 401(k) plans a way to save for retirement.

News Updates
January 30, 2014

On January 28, President Obama delivered his fifth State of the Union Address from the Capitol. The SHRM Government Affairs team and the Council for Global Immigration hosted a live Twitter chat to engage HR professionals in a conversation about the President's legislative agenda and HR public policy issues in the current Congress.  

January 29, 2014