Millennials consistently cite elements like work-life balance and benefits packages as huge factors when considering employers. Salary, it seems, comes secondary in many cases. You can capitalize on this market shift by offering more imaginative and comprehensive perks to reel in millennial talent. A good place to start is with voluntary benefits. Here are some … Continue reading Using Voluntary Benefits to Entice Millennial Talent
Each year, the Kaiser Family Foundation and the Health Research & Educational Trust conduct a survey to examine employer-sponsored health benefit trends. This article summarizes some of its main points. Request a full summary from Emery Benefit Solutions for more details. Plan Enrollment Trends Preferred provider organizations (PPOs)—44% of workers covered HDHP/SOs—30% of workers covered … Continue reading Summary of the 2019 Employer Health Benefits Annual Survey
According to Optum’s Wellness in the Workplace study, more than 80% of employers plan to spend more on health care and wellness in the next year than in previous years. Health Care Spending The cost of providing employer sponsored health care has been steadily increasing over the years. According to the Kaiser Family Foundation, the … Continue reading Employers Are Expected to Spend More on Health Care and Wellness in the Next Year
OVERVIEW On Sept. 24, 2019, the U.S. Department of Labor (DOL) announced a new final rule that updates the salary thresholds that some individuals must meet in order to qualify for a minimum wage and overtime exemption under the federal Fair Labor Standards Act (FLSA). The final rule becomes effective on Jan. 1, 2020. The … Continue reading DOL Issues New Salary Limits for Overtime Exemptions
In mid-July, Capital One announced that the personal information of more than 100 million of its U.S. customers was compromised in one of the largest data breaches involving a bank. In an official release from the company, Capital One noted that the information exposed includes names, addresses, emails, credit scores and transaction data. In some … Continue reading Financial Industry Experienced 3,500 Cyber Attacks in 2019 So Far
OVERVIEW Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals before Oct. 15, … Continue reading Medicare Part D Notices Are Due Before Oct. 15, 2019
Employers that sponsor group health plans should provide certain benefit notices in connection with their plans’ open enrollment periods.