By onlinefinancialnewsletters on Aug 15, 2018 in Employee Benefits |

Data shows that more and more employers are shifting toward consumer-directed health care, as employers offering a minimum of 1 HDHP (high-deductible health plan) has increased by over 20% since 2016. This is due to employers continually offering HDHPs in addition to more old-school health plans, as employers strive to give their employees more choices regarding...

By onlinefinancialnewsletters on Jun 11, 2018 in Employee Benefits |

2018 has seen the prediction of many employee benefit trends that it’s essential to know about, whether you’re an employee or an employer of a small to large sized business. These trends include changes that may need to be made to finances in response to the new tax bill, customization of benefits, and the introduction of more wellness programs. Here are five of the...

By onlinefinancialnewsletters on Jun 5, 2018 in Employee Benefits |

When a business has to lay off employees, for whatever reason, it’s essential that they give extra consideration to the older employees of their workforce. There are a number of key things that employers are not allowed to do in relation to older employees, including: Specifically targeting older workers when reducing the workforce Terminating employment on the...

By onlinefinancialnewsletters on Apr 29, 2018 in Employee Benefits |

It appears that cost management is of increasing importance to employers, with employers being willing to experiment with new ways of stemming expenses. There has been a growth of group captives in recent years, whereby employers keep their self-funded plans with group stop-loss insurance. This stems the risk and allows the self-funding of smaller groups. Although...

By onlinefinancialnewsletters on Apr 25, 2018 in Employee Benefits |

Employee benefits can be costly for a small business, often increasing an employee’s base salary by as much as 40%. Despite the costs involved, these benefits are often required in order to keep employees happy and to stop them from working for your competitors. Many business owners, however, forget about the fees and fines which can be issued when common mistakes...

By onlinefinancialnewsletters on Mar 31, 2018 in Employee Benefits |

A healthy and happy workforce is key to controlling costs in the workplace. By reducing stress and emphasizing wellness, employees benefit and spend less time on sick leave. The company benefits too with increased morale, productivity, and reduced insurance costs. Other company’s are leveraging these techniques and you may want to consider them as well… Run “Biggest...