2 minute read Even though the majority of workers receive health insurance coverage on the job, a new survey has found that many of them understand surprisingly little about their health plans and are leaving money on the table. The “Health Insurance Literacy Survey” by Healthcare.com found widespread misunderstanding about how copays and deductibles work, and […]
Most Workers Make Bad Health Insurance Decisions Read More »
2.5 minute read Employers who offer health savings account-eligible high-deductible health plans (HDHPs) to employees can significantly expand pre-deductible coverage for certain drugs used to manage chronic conditions — with only a tiny effect on premiums. That’s the finding of a new study from the Employee Benefit Research Institute (EBRI). The reason: According to research
Waving HDHP Deductibles Has Little Effect on Premiums, Study Says Read More »
3.5 minute read With the COVID-19 pandemic having upended office work as we know it, pushing many people to work from home, employers that aim to make this change permanent have to make sure they can effectively manage their offsite staff. If you have remote staff or are implementing remote work for your employees, it’s
Develop Strong Policies for Remote Workers Read More »
2.5 minute read Now more than ever, employers need to step up their employee benefits game beyond providing group health insurance. Thanks to the Great Resignation, employees are demanding more from their current and prospective employers. And those that don’t deliver lose employees or have trouble attracting new talent, as long-time colleagues head for the
Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll Read More »
3.5 minute read Whether you own and insure your office or other business property, or insure the office or building you rent, you will obviously want to make sure that you have an automatic sprinkler system or some other fire detection or suppression system in place in case of fire. You’ll also want to make
How to Avoid Having Your Business Property Damage Claim Denied Read More »
3 minute read As the 2023 group health open enrollment season nears, more employers have heard concerns among their staff and are focusing on affordability and easier access to health care services, according to a new study. Mercer’s “Health & Benefit Strategies for 2023” study, which surveyed more than 700 employers, found that more than
Alleviating Health Insurance Burden on Employees a Top Priority: Poll Read More »
2.5 minute read There is no set formula regarding how much liability insurance a business needs. However, the more coverage you have, the more bulletproof your company becomes. If you are running a very successful business, you will probably want minimal disruption if an incident occurs in which you may be seen as liable. Therefore,
Don’t Get Caught Holding the Bag If Your Company Is Sued Read More »
4 minute read It always takes more time than usual to onboard new employees — particularly ones who are new to the workforce altogether — to your employee benefits plans. Keep in mind that the ritual of choosing a benefits package is a brand-new experience for people who are new to the workforce, and you
Importance of Educating Gen Z Workers on Benefits Read More »
3 minute read Construction Firm Tips for Avoiding Insurance Disasters When you’re in the construction industry you already have lots to worry about: Keeping your workers safe in one of the most dangerous industries, uninsured or underinsured subcontractors, and finding experienced employees from a shrinking pool of talent. Not only that, but lawsuits lurk in
Construction Firm Tips for Avoiding Insurance Disasters Read More »
2 minute read July 1 was the deadline for health plans to make public their in-network negotiated rates, out-of-network billed charges, and more. While health plans will be required to post this information, employers who sponsor their group health insurance for their employees will need to take steps to ensure that their plans comply with
Time to Comply with Health Plan Transparency Rules Read More »