Mental Health Benefits
More than 1 in 5 Americans have diagnosable mental health conditions at some point in their lives, yet only about half of those individuals receive professional mental health treatment. One major determinant of an individual’s access to mental health care is whether he or she has health insurance that includes mental health benefits. Now, under […]
Common Mistakes with 401(k) Plan Loans
IRS section 401(k) plans are the most popular retirement plan in the United States, with over 60 million employees opting to receive coverage. Despite this, some employers fall short of adhering to the plan’s requirements. The following are common mistakes employers make with 401(k) plan loans and corrective actions needed to keep costs down and […]
7 Key Employee Benefits Trends in 2024
Attracting and retaining employees has challenged employers since the onset of the COVID-19 pandemic and as employee benefits trends evolve. In 2024, the labor market is expected to cool slightly; however, competition for talent will remain. As such, employers must remain agile and adapt to developing labor and market trends that will shape the market […]
Choosing the Right Wellness Program
According to a RAND survey, approximately half of U.S. employers with 50 or more employees sponsor some type of workplace wellness program. As the issues of rising health care costs and increased absenteeism due to health problems grow, employee wellness programs are an effective method of improving employee health and well being, decreasing health-related costs […]
Tips for Training Managers on FMLA Compliance
The Family Medical Leave Act (FMLA) is a federal law providing eligible employees of covered employers with unpaid, job-protected leave for specified family and medical reasons. In general, eligible employees may take up to 12 weeks of leave each year for FMLA-qualifying reasons, including for treatment of a serious health condition. Employers are often forced […]
Nearly 3 in 4 Workers Suffer From Burnout
A telecommunications service provider Ringover survey found that nearly 3 in 4 (74%) U.S. workers suffered from burnout and associated symptoms (e.g., feeling tired, drained, detached, or helpless) due to their current job position. These feelings increased the turnover risk, with nearly two-thirds (64.25%) of surveyed employees reporting they had considered leaving their jobs due […]
Open Enrollment Glossary of Terms
Open enrollment is the time of year reserved for you to make changes to your benefit elections, and unfamiliar terms can make this process confusing. Use these definitions of common open enrollment terms to help you navigate your benefits options. Coinsurance – The amount or percentage that you pay for certain covered health care services […]
The Basics of Property Insurance
Your livelihood is dependent on the survival of your business, so it is imperative that you protect it against any potential threat—big or small. For instance, a fire could destroy your business’s warehouse and the contents inside, or a burst frozen pipe could damage important documents and valuable papers. Worse, you could have trouble paying […]
Bereavement Leave and How to Support Employees
Bereavement is an experience that follows the loss of a family member or friend. It’s an inevitable part of life. Many employers recognize the emotional toll it takes on workers and implement bereavement leave policies. Offering this benefit is not just a legal requirement in some places but a way to support grieving employees during […]
5 Tips for Maximizing Your HSA
Health Savings Accounts (HSAs) are becoming an increasingly popular way for individuals to save money on healthcare expenses while also reducing their taxable income through its tax benefits. They’re an excellent tool for managing out of pocket expenses for health care such as dental services, vision expenses, and other qualified medical expenses. It can be […]
