The Silent Crisis: Rising Mental Health Problems at Work
Even as the dust of the pandemic begins to settle, employers face an urgent challenge: enhancing employee wellness amid fears of recession and lingering effects of the pandemic.
The IRS Takes on Inflation: Major Changes in HSA and HDHP for 2024
High inflation continues to shape the economic narrative of the nation. Now the Internal Revenue Service (IRS) has responded by unveiling significant modifications to the health savings account (HSA) and high-deductible health plan (HDHP) limits for the year 2024.
Healthcare Industry Trends to Watch
The healthcare industry plays a vital role in the U.S. economy, providing medical services and coordinating care for patients. It is an industry that constantly evolves, facing challenges and trends that require attention and adaptation. In this article, we will explore some of the key trends in the healthcare industry and their potential implications.
Reimagining Retirement: The Case for a Return to Pension Plans
As the retirement crisis looms, experts are exploring innovative solutions to ensure a secure financial future for America's workforce. One such solution is a return to pension plans, which could provide the stability and affordability employers and employees seek
Employer OSHA Liabilities for Remote Workers
Encouraging remote work has become a new normal for a variety of reasons. Whether it is to reduce costs of operating a physical place of business, address pandemic reasons or allow employees to have a better work-life balance, more and more workers are working from home.
Attracting and Retaining Construction Workers in Today’s Labor Shortage
The construction industry is facing a labor shortage and struggling to find workers to meet the growing demands of the industry. With the expected growth in the construction sector, driven in part by the recently signed Infrastructure Investment and Jobs Act, the need for skilled workers is more critical than ever. However, several factors contribute to the labor shortage in the construction industry.
The Importance of Personal Umbrella Liability Insurance
After a hectic work week, Jim Marshall was looking forward to a relaxing weekend with his wife and kids. He was just a few blocks from home when his cellphone rang. He glanced down to see who was calling. That split-second distraction was all it took for him to miss the approaching stop sign.
Strategies for Enhancing Employee Satisfaction
Recent data reveals a troubling trend: employee satisfaction with workplace benefits has reached its lowest point in a decade, falling to 61 percent in 2023 from 64 percent in 2022. As employers navigate a rapidly changing landscape marked by inflation, mental health challenges, and ongoing pandemic-related issues, employees are calling for more comprehensive support. Experts argue that a re-evaluation of employee benefits, grounded in data-driven insights, is necessary to address these concerns and bolster workplace satisfaction.
Supporting Employee Mental Health After Tragic Events
The burden of paying for healthcare benefits has grown substantially for many employers. As the average expense for employee healthcare is projected by the Society for Human Resources Management to increase by 6.5 percent in 2023, surpassing $13,800 per employee, businesses of all sizes struggle to balance their budgets while ensuring their workforce remains healthy and productive.
What Employers Need to Know About Medicaid Redeterminations
In 2020, the U.S. Congress passed the Families First Coronavirus Response Act in response to the COVID-19 pandemic. This act required states to maintain Medicaid coverage for most enrollees and barred disenrollment for Medicaid recipients during the public health emergency (PHE) to help ensure that individuals had health coverage during the pandemic.