In the pursuit of a productive and thriving workforce, employers often focus on traditional wellness programs targeting physical fitness and mental health. However, one area that is often overlooked but equally vital is digestive health. A healthy digestive system contributes to physical well-being and impacts mental resilience and productivity.
Read MoreAttracting and retaining employees has challenged employers since the onset of the COVID-19 pandemic. 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 in 2024. In particular, current labor challenges are forcing employers to find ways to balance rising health care costs and inflation while providing employees with benefits they value and need. Understanding this year’s key employee benefits trends can help employers attract and retain talented individuals in an evolving labor market.
This article discusses seven key employee benefits trends in 2024.
Read MoreAmid ongoing inflation pressures, employees and employers alike can expect their health care costs to increase in 2024. Global professional services firm Aon reported that health care costs for employers will grow by 8.5% in 2024 (to more than $15,000 per employee), nearly double 2023’s figure. In line with those findings, the Business Group on Health’s 2024 Large Employer Health Care Strategy Survey predicts a 6% increase in health care costs in 2024.
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Employers continue to struggle with rising health care costs and providing employees with affordable and quality care options. Unfortunately, employers expect health care costs to increase significantly in 2024, according to several industry surveys and reports. This article provides guidance to help employers discuss increasing health care costs with their workers and aid employees in mitigating these expenses.
Read MoreThe labor landscape was undoubtedly a roller coaster in the first half of 2023, and employers are still along for the ride. During the past year, the market experienced a record number of employee quits, a jump in talent shortages and increased workplace demands from workers—many of whom had the upper hand in employment negotiations.
Read MoreOn July 25, 2023, federal agencies released a proposed rule to strengthen the requirements of the Mental Health Parity and Addiction Equity Act (MHPAEA). This Legal Update summarizes the proposed rule.
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Form 5500 Filing Exemption for Small Health Plan?
Question: Our company acquired another business at the end of last year, which significantly increased our employee count.
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Employers are increasingly looking to consumer driven health plans to help soften the blow of continually rising health care costs. Depending on the model, consumer driven health plans typically include health savings accounts, health reimbursement arrangements and flexible spending accounts. This infographic provides a quick and easy comparison of tax-advantaged health care accounts.
Read MoreQuestion: One of our employees recently had a baby and has asked to enroll her newborn child in our health plan. Can this employee add other dependents (such as her spouse and/or other children) to our health plan at the same time?
Question: What should we know about the new “Secure Act 2.0” and how will it impact our retirement plan?
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Everyone feels stressed from time to time. But what is stress? How does it affect your health? And what can you do about it?
Read MoreThe last few years have been incredibly taxing for employers and employees. It’s now more important than ever to ensure that everyone has access to mental health care. Mental health can have a significant impact on employee wellness.
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The time of Open Enrollment can be an important time for your employees. There are a lot of healthcare policies that can contribute to your workers’ lives. As a good business owner, you want to make sure that you handle this time well.
2020 has been a turbulent year for everyone. Both employees and employers have had to adapt to changes, and in some ways, Open Enrollment is another area of adjustment
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