Businesses Expand Employee Benefits Offerings to Attract and Retain Top Talent
In today's competitive labor market, offering traditional benefits like healthcare is no longer enough to attract and retain top talent.
Online Tools Help Employees Make Better Benefits Choices, Boost Engagement
The traditional enrollment process for employee benefits, which often involved filling out paper forms and waiting for them to be processed, has shifted towards an online platform. Employers are now seeking ways to improve this experience by incorporating decision-support tools.
Hearing Health Should Be a Top Priority
Health benefits are a top priority for most employers, but hearing health is often overlooked.
Inflation Reduction Act (IRA): Healthcare Provisions Employers Should Know
President Joe Biden signed the Inflation Reduction Act (IRA) into law on August 16, following House and Senate passage. The law's healthcare provisions and increase in IRS auditors could impact employer-sponsored health and retirement plans, so group health plan sponsors should keep an eye on the legislation's provisions, experts say.
What to Consider When Choosing a Health Benefits Account
According to the Kaiser Family Foundation, approximately 156,199,800 Americans receive health coverage via employer-sponsored plans.
Rising Healthcare Costs Compel Employers to Prioritize Plan Affordability
As healthcare benefits costs continue to rise, 67% of U.S. employers are focused on cost control over the next three years. This is in response to an expected 6% increase in healthcare costs in 2023, compared to the average 5% increase this year.
New Legislation for Reducing Premature Retirement Savings Cashouts
United States Senators Tim Scott (R-S.C.) and Sherrod Brown (D-OH) have introduced the Advancing Auto Portability Act of 2022, which would make it easier for workers to keep their retirement savings with them when they switch jobs. The bill aims to encourage the adoption of auto portability programs.
KFF Survey Explores America’s Mental Health Crisis
Mental health is a serious concern for the majority of American adults, according to a new survey conducted by the Kaiser Family Foundation (KFF) and CNN.
IRS Issues Final Rules for Family Coverage Affordability Determination
The IRS has issued final regulations that change the way employer-sponsored plan affordability is calculated when determining if a family is eligible for a premium tax credit (PTC) when purchasing individual health insurance through a public Exchange.
Could Looming Recession Endanger Remote Work?
The ability to work from home has been a lifeline for many during the COVID-19 pandemic, but some feel that a recession could jeopardize that perk.