While most companies understand the importance of providing value to their customers and doing honest business with suppliers and partners, some don’t invest enough in their employees. A business with long term success will invest in their employees and their communities because we don’t just live in the community – we are part of it….
Read moreRecently, the number of employers who use high-deductible health plans (HDHPs) as their only option for employee healthcare benefits has been losing popularity. There have been changes in the labor market which has led to the need for employers to offer more attractive benefits packages for their employees. According to a recent survey by the…
Read moreHere in 2019, the U.S. Department of Labor has given all U.S. employers the option to auto-enroll their employees in disability insurance if they have a plan that is ERISA-covered. This regulation is quite significant and should be carefully viewed and understood by all employers. Disability benefits are meant to ensure that employees keep their…
Read moreRecently, the IRS added some chronic conditions to the list of preventative care benefits that are given with a high deductible health plan that do not require a deductible. The expansion was signed into law by President Trump in the summer of 2019. The expansion was an executive order by Trump designed to improve upon…
Read moreDue to all of the changes we’ve seen over the course of the last decade when it comes to workplace healthcare costs, it’s no surprise that employers are exploring every possibility they have available to them in order to try and save funds. One such possibility is to adopt High Deductible Health Plans (HDHPs). These…
Read moreBecause of all the changes happening in the health insurance industry due to the Affordable Care Act, many employers have been seeking different options for their company healthcare and their benefits programs that are available to their employees. We’ve discussed extensively how becoming self-insured is one of the most attractive options available to employers, but…
Read moreIf you are an employer who offers healthcare to your employees, you know that there is a timeframe called an open enrollment window. This window is for employees to use so they can adjust, renew or waive any of the benefits that they currently receive. Currently, laws require that employers offer an enrollment window to…
Read moreIf employees decide to take leaves of absence that qualify, there are provided several layers of protection through the Family and Medical Leave Act (FMLA), and the Uniformed Services Employment and Reemployment Act (USERAA). The most common of these types of protections is the fact that an employee is entitled to a similar job when…
Read moreA growing trend with working married couples is that they are now purchasing their own health insurance coverage plans, instead of getting on their spouses’ plan. In some cases, doing this is a good idea, and makes sense economically. In others, it is a personal preference and could depend on the contributions from the employer…
Read moreEach year, it is highly recommended that all companies who offer flexible spending accounts review three important terms that are FSA-related. Your human relations team probably has a good understanding of FSA rollovers, grace periods and runout periods, most employees in other departments tend to not know the difference between them. In some cases, they…
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