Employees Pick Perks and Benefits Over Pay Raises

Great perks and incentives packages can help attract top-notch talent, maintain employee morale and improve overall engagement and satisfaction with a company. The coronavirus pandemic has made perks and benefits even more important, particularly in light of so many workers feeling burned out, stressed from working at home or feeling isolated due to closures and [...]

By | 2020-09-30T10:51:05-07:00 September 30th, 2020|Uncategorized|0 Comments

Protecting Your Firm from Employee Benefit Lawsuits

Employment practices and employee benefit-related lawsuits are on the rise - and employers have to be eternally vigilant when it comes to meeting their compliance obligations as plan sponsors. Take the case of Visteon, a global automotive industry supplier, which outsourced its payroll and enrollment/disenrollment functions to outside plan administrators. But because of internal mistakes [...]

By | 2020-07-21T10:36:48-07:00 July 21st, 2020|Uncategorized|0 Comments

How to Open Shop and Bring Staff Back to Work

If your business is preparing to open due to a relaxation of shelter-at-home orders, you should proceed with caution and make sure you have safeguards in place to protect your workers, as well as customers if they are entering your premises. How can you take that first step back to a semblance of normalcy? Here [...]

By | 2020-06-10T19:40:49-07:00 June 10th, 2020|Uncategorized|0 Comments

New Law Requires COVID-19 Paid Sick Leave, FMLA Benefits

Legislation signed into law by President Trump will extend sick leave benefits for workers who are sickened by the coronavirus, as well as provide for additional weeks of time off under the Family Medical Leave Act so they can be guaranteed of being able to return to their jobs afterwards. Public and private employers alike [...]

By | 2020-04-01T11:01:41-07:00 April 1st, 2020|Uncategorized|0 Comments

High-Deductible Plans Saddling Workers with Bigger Drug Outlays

A new study has found that high-deductible plans and increased use of coinsurance are exposing health plan enrollees to higher and higher pharmaceutical costs. One of the big problems for many enrollees in high-deductible plans is that their outlays for drugs may not count towards their health plan deductibles and, if they are enrolled in [...]

By | 2020-02-05T10:32:59-08:00 February 5th, 2020|Healthcare|0 Comments

Court Rules ACA Individual Mandate Unconstitutional

The U.S. Fifth Circuit Court of Appeals has upheld a lower court’s decision that the individual mandate portion of the Affordable Care Act is unconstitutional because the penalty was set to zero in 2017. However, the fate of the entire law is still in play after the court remanded the question of whether that means [...]

By | 2020-01-14T10:40:07-08:00 January 14th, 2020|Uncategorized|0 Comments

Generic Drug Makers Sued over Pricing Practices

One of the country’s largest health insurers has sued a number of pharmaceutical companies, accusing them of running a price-fixing cartel of common generic drugs. Humana Inc. has accused the companies of colluding on the prices of generics to the detriment of health insurers that have to pay for these drugs. Humana said in its [...]

By | 2019-12-10T10:08:16-08:00 December 10th, 2019|Healthcare|0 Comments

Reference Pricing Can Reduce Medical Outlays, Costs

In an effort to coax health plan participants to use price-shopping behavior when deciding on where to have a procedure, more insurers are starting to roll out a system known as “reference pricing.” With reference pricing, the health insurer imposes a limit on the amount it will pay for a particular procedure – a limit [...]

By | 2019-11-26T11:49:44-08:00 November 26th, 2019|Healthcare|0 Comments

Your Last-Minute Open Enrollment Checklist

By now you should be prepared and ready to go for your 2020 employee benefits open enrollment. You should have all your plan documents and have prepared or held presentations for your staff to explain the benefits package and any major changes to the plans that you offer.  Employees should be familiar with how to [...]

By | 2019-11-08T10:02:32-08:00 November 8th, 2019|Open Enrollment|0 Comments

Get an Early Start on Open Enrollment

As open enrollment is right around the corner, now is the time to make a plan to maximize employee enrollment and help your staff select the health plans that best suit them. You’ll also need to make sure that you comply with the Affordable Care Act if it applies to your organization, as well as [...]

By | 2019-09-24T06:12:45-07:00 September 24th, 2019|Open Enrollment|0 Comments