Employee Benefits Report – May 2019

What a Single Payer Health Care System Could Mean to You and Your Employees

health care law bookMany of the contenders for the Democratic presidential nomination are making expanded health care access part of their campaign.
Read on for details.
 
 

Ways to Make Childcare Costs a Little More Affordable

family standing on coinsChildcare can be an employee’s most expensive work-related expense. Fortunately, there is a benefit program you can offer that will at least provide tax relief to employees who use daycare providers. Read on for details.
 

Sorting Out the Alphabet Soup of Low-Cost Health Benefit Plans

alphabet soupYou want to save money on health care benefits and you’ve heard there are some great alternatives to traditional insurance. But which option is right for your company? Read on for details.
 
 

New Tax Deduction for Small Business Owners

Personal deductions have been the name of the game for many Americans as a way to reduce their tax liability.
Read on for details.

Employee Benefits Report – April 2019

How Employer-Sponsored Dental Insurance Supports Employees’ Overall Health

little girl at dentist
Employer-sponsored dental insurance can play an integral part in your employees’ health.
Read on for details.
 
 

Unlimited Vacation – Good Idea? or Too Many Headaches?

woman on tropical beachWho wouldn’t want unlimited vacation time? Here are a few advantages, as well as pitfalls.
Read on for details.
 
 
 

Advantages and Disadvantages of the Emerging Telehealth Trend

dr on computer screenTelehealth/telemedicine is being touted as a great innovation — the ability to talk to a provider anytime of the day from home for little or no cost. There are advantages and disadvantages.
Read on for details.
 
 

The Advantages of a 457 Retirement Plan

You and your employees might qualify for 457 retirement plans if you work for a state or local government or for certain tax-exempt organizations such as a charities, hospitals or unions.
Read on for details.

Employee Benefits Report – March 2019

Millennials — Changing the Health Care Landscape

doctor holding tabletStudies show that millennials are not interested in having a primary care doctor. They are looking to the Internet, urgent care and employers to help with their health care needs.
Read on for details.

Hospital Prices Now Must be Published Online — But is it a Game Changer?

computer screenWant to know how much a procedure is going to cost you at a particular hospital or medical facility? Look no further than the Internet.
Read on for details.
 

Retirement Plan Options for Former Employees

retired coupleWhen employees leave a job, they often have to decide what to do with their 401(k) retirement account. Encourage them to investigate their options based on their financial situation and long-term goals. The decision they make could affect their retirement funds size.
Read on for details.

How to Determine Whether Your Voluntary Plans Fall Under Safe Harbor

Don’t assume you’re in compliance with the Voluntary Plans Employee Retirement Income Security Act (ERISA) safe harbor rules just because you don’t contribute to the cost of your employees’ voluntary benefits.
Read on for details.

Employee Benefits Report – February 2019

Health Cost Containment Options for Small Employers

books and forms
Large employers often have the cash and bargaining power to reduce health care insurance premiums.
Here are some of the more innovative changes by large employers that may be available to small employers right now or in the near future:
Read on for details.

Why Generics are Good for Your Pocketbook (and Health Insurance Premiums)

pills and bottleWhen available, generic drug substitutes generally save about 30 percent.
The more you know about brand name drugs and generics, the more control you have over health care benefit costs.
Read on for details.

Benefit Planning Strategies for 2019-2020

2019 roadAlthough employer-sponsored group health benefit open enrollment is behind us, it’s not too early to start looking at what strategies will be in favor in 2019 to curb costs.
Read on for details.
 

Trending: New “Instant” Payroll App

Even employees who save money can run into a bit of financial trouble. A new payroll option might make their lives easier.
Read on for details.

Employee Benefits Report – January 2019

How to Maximize 401(k) Limits and Savings Strategies

401(k) form
Your employees will be able to save more money in their 401(k) retirement accounts this year. The big question, though, is should they save the annual maximum?
Read on for details.

When it Pays for an Employer to be a Life Insurance Beneficiary

paper family under umbrellaWould your business take a financial hit if a key employee passed away? It’s a concern for many employers.
Read on for details.

What to Expect From the ACA in 2019

ACA signThe only thing certain about the Affordable Care Act (ACA) is change. And with a new year comes new compliance deadlines and proposed new rules and regulations. The Trump Administration has signaled its intent to propose legislation to again alter the ACA.
Read on for details.

New AHP Resources Now Available

Employers interested in forming Association Health Plans (AHP) to purchase health care benefits for their employees have a resource to help with federal regulations and guidelines.
Read on for details.

Employee Benefits Report – December 2018

A Simple Way for Small Employers to Assist Employees with Buying Health Insurance

forms & stethoscope
Are you having difficulty finding a good, affordable health care benefit plan for your small business? If so, have you considered using a QSEHRA as an alternative?
Read on for details.

What You Need to Know About the Growing Popularity of Home-Based Care

in home care nurseThe need for home health care aids is expected to increase more than 1.3 million by 2020.
Read on for details.
 
 
 

Does Sick Pay do What it’s Supposed to do? The Case For and Against

person home sick from workStudies show sick pay can reduce the spread of disease in the workplace, but also increase absenteeism.
Read on for details.
 
 

What’s In and Out with Benefit Programs

When you offer benefits to your employees, you want to provide the type of benefits that will attract and keep valued employees. However, benefits that once were popular can become less desirable.
Read on for details.

Employee Benefits Report – November 2018

Taking Away the Barriers in the Workforce to Improved Mental Health

woman holding head
Mental illness is a growing problem in this country and treatment options are sparse. Fortunately, as an employer, you can take steps to make it easier for your employees to seek help.
Read on for details.

Employee Student Loan Assistance Enters the Retirement Arena

torn dollar billYour employees’ student loan debt doesn’t have to get in their way if they’re saving for retirement.
Read on for details.
 
 
 

Optional No More — The Growing Popularity of Voluntary Benefits

benefit word tilesIs your benefits package enough to keep and attract employees?
Read on for details.
 
 
 

Newest Benefit Offerings Focus on Pets and Health

Employers who want to attract the best talent are going beyond traditional benefits and looking at employee needs.
Read on for details.

Employee Benefits Report – October 2018

New Rule Increases Small Groups Insurance Buying Power

man counting money
If you own a small company, you know the frustration of not having the same buying power as large groups when purchasing health benefit coverage.
Read on for details.
 

The New Frontier of Student Loan Repayment Benefits

mortarboard with moneyStudent loan debt is soaring. The Federal Reserve reports that more than 44 million people owe $1.5 trillion in student loans. Loan amounts average $37,172, although some go as high as $100,000 or more.
Read on for details.

ERISA Q&A: What You Need to Know

piggy bankIf you currently offer, or are planning to offer your employees retirement benefits, make sure you’re familiar with ERISA rules and regulations.
Read on for details.

 

Getting the Most Out of an HSA

Employers are increasingly relying on high-deductible health benefit plans to reduce premium costs.
Read on for details.

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.