Employee Benefits Report – September 2022

Employers Should Beware of Compliance Issues with Abortion Benefits

couple looking at billThe recent Supreme Court ruling on abortion has left many employers scrambling to understand the impact it will have on their ability to provide health coverage for their employees. Read on for details.
 
 

Removing the Stigma Surrounding Debt Benefits

grandparents walkng with grandchildDebt is often a taboo topic, but it’s essential to talk about it openly.
Read on for details.
 
 
 

Can Menopause Benefits Create a Happier, More Productive Workforce?

grandpa and grandson putting money in a piggy bankFor many years, women in the workforce have ignored what makes them different from their male counterparts to prove they are just as capable. Read on for details.
 
 
 

Proposed Overtime Rule Scheduled for October

pre-school The US Department of Labor (DOL) is now expected to release its proposed overtime rule in October, according to the spring regulatory agenda released on June 21st. Read on for details.

Employee Benefits Report – August 2022

Big Increases in Voluntary Benefits Participation

couple looking at bill
According to a survey by professional services firm Aon, the number of employers offering voluntary benefits increased by 41 percent from 2021 to 2022.
Read on for details.
 

DOL Issues Mental Health Parity Act Enforcement Warning

grandparents walkng with grandchildIn 2021, Congress passed the Consolidated Appropriations Act to put teeth into the Mental Health Parity and Addiction Equity Act (MHPAEA) of 2008. Read on for details.
 
 

How to Use Benefits to Improve Talent Acquisition and Retention

grandpa and grandson putting money in a piggy bankWith over 4 million more job openings than employees to fill them, the task of talent acquisition and retention has become a significant challenge for many companies. Read on for details.
 
 

Zillennials Challenge Traditional Workplace Conventions

pre-schoolMetLife’s 20th Annual Employee Benefit Trends Study shows job satisfaction has tumbled to a two-decade low. Zillennials – who represent the generation born between 1993 and 1998 – exhibit the lowest level of satisfaction.
Read on for details.

Employee Benefits Report – July 2022

IRS Increases 2023 HSA and HDHP Contributions

couple looking at billIn late April, the IRS announced a significant increase in health savings account (HSA) and high-deductible plan (HDHP) contribution limits prompted by rising inflation. Read on for details.
 
 

Making Changes to Caregiving Benefits in the Era of Hybrid Work

grandparents walkng with grandchild The COVID-19 pandemic has forced many workers to adapt their schedules and work styles to accommodate new childcare and eldercare responsibilities. Read on for details.
 
 

Best Practices for Substance-Misuse Benefits

grandpa and grandson putting money in a piggy bankThe COVID-19 pandemic has had far-reaching effects on the nation’s mental health.
Read on for details.
 
 
 

Employers Concerned Over Hybrid Work

pre-school The shift to a hybrid work model has created new challenges for employers, who must now accommodate remote and on-site employees.
Read on for details.

Employee Benefits Report – June 2022

House Passes SECURE Act 2.0

couple looking at billThere will be fundamental changes to retirement legislation if the Senate passes the SECURE Act 2.0, which the House of Representatives overwhelmingly passed by a vote of 414 to 5 in March. Read on for details.
 

Pros and Cons of the 4-Day Workweek

grandparents walkng with grandchildMany workers have cited the four-day workweek as a high-ly desirable employee benefit. A Qualtrics survey conducted in January found that 92% of people support the concept and believe it would improve their productivity and mental health. Read on for details.

 

The Growing Popularity of Earned Wage Access

grandpa and grandson putting money in a piggy bankAs a result of a shortage of talent affecting many companies, managers are trying to find new ways to attract and retain employees. One approach seeing a lot of traction is Earned Wage Access (EWA). Read on for details.
 

Remote Working Still Among the Most Desirable Employee Benefits

pre-schoolEmployers are finding it increasingly difficult to attract and retain talent due to several factors, including the Great Resignation and demographic issues. The career insights platform Lensa, though, has studied US search trends to figure out what employees want.
Read on for details.

Employee Benefits Report – May 2022

How the Ukraine Crisis is Affecting the US Workforce

couple looking at billThe Ukraine crisis is having unforeseen effects on the US workforce that may be more far-reaching than expected. Read on for details.
 
 
 

Should Preventative Care Be an Essential Benefits Component?

grandparents walkng with grandchildResearch by One Medical, a primary care organization, and Workplace Intelligence, an HR and advisory firm, reveals that 65% of workers would give up a wide range of perks, including paid vacation, flexible hours, and bonuses for better health benefits. Read on for details.

DOL Announces Increase in FMLA Audits – Employers Should Be Ready

grandpa and grandson putting money in a piggy bankThe US Department of Labor (DOL) announced in February that it would be ramping up audits on employers. he main targets seem to be the logistics and warehouse industries, though no one is safe. Read on for details.
 

The CAA’s New Broker Compensation Disclosure Rules Are Now in Effect

pre-school
When employees decide to leave their jobs, they have a lot on their minds. So, they don’t always give a lot of thought to what to do with their 401(k) plans. It’s an important decision that can have a big impact on their retirement savings.
Read on for details.

Employee Benefits Report – April 2022

Compliance Issues for The Rest of 2022

couple looking at bill
Even though we are well into 2022, there are compliance issue changes on the horizon involving overtime, booster shots and paid leave. Here’s what the changes could mean to your company this year. Read on for details.

Life Insurance for the Life of Your Business

grandparents walkng with grandchild Life insurance is usually purchased to protect a family’s finances when the breadwinner dies. But business owners may also wish to purchase life insurance to protect partners, the business and employees. Read on for details.
 

Employers’ Guide to Understanding ERISA

grandpa and grandson putting money in a piggy bank The Employee Retirement Income Security Act (ERISA) provides insurance companies and private employers with guidelines on how to administer retirement and health plans to employees. ERISA was enacted in 1974 and applies to plan years starting on or after Jan. 1, 1975. Read on for details.

401(k)s Do’s and Don’ts

pre-school
When employees decide to leave their jobs, they have a lot on their minds. So, they don’t always give a lot of thought to what to do with their 401(k) plans. It’s an important decision that can have a big impact on their retirement savings. Read on for details.

Employee Benefits Report – March 2023

How to Fight the Employee Exodus

couple looking at bill
Officially, the COVID-19 pandemic may have started two years ago, but its side effects are still wreaking havoc in the workplace. Read on for details.

 

What Can Employers Do About High Drug Costs?

grandparents walkng with grandchildWhich of your employer-sponsored health plan costs cause you the most headaches?
Read on for details.
 
 
 

Not Following the Employer Mandate Can Mean Stiff Penalties

grandpa and grandson putting money in a piggy bankPenalties apply not only if coverage isn’t offered – but if the wrong coverage is offered.
Read on for details.
 
 
 

Why It Makes Sense to Offer a Digital Security Benefit to Employees

pre-school
Digital security is a popular new benefit that not only protects employees but helps employers, too.
Read on for details.

Employee Benefits Report – February 2022

No Surprises Act Fails to Remove All Surprises

couple looking at billA new document designed to clarify the No Surprises Act regulations addresses some medical billing issues but leaves other important guidance to be determined later.
Read on for details.
 

Early Retirees Need Health Coverage Options

grandparents walkng with grandchildIt’s a dream come true for many Americans when they realize they can retire early.
Read on for details.
 

 

New Saving Incentive for Grandparent-Owned 529 Plans

grandpa and grandson putting money in a piggy bankThe Consolidated Appropriations Act has made it easier for grandparents to save money for grandkids in an employer-sponsored 529 plan — starting with the 2023-2024 academic year. Read on for details.

 

DCAP — Use it or Lose It

pre-schoolEmployers who are interested in implementing a Dependent Care Assistance Plan (DCAP) or adopting additional flexibility should consult legal counsel, as well as the Internal Revenue Service’s (IRS) Notice 2021-26. Read on for details.

Employee Benefits Report – January 2022

Pre–Tax Flexible Benefits — The Pros and Cons of Cafeteria Plans

employee benefits notebook
A cafeteria plan, also known as a Section 125 plan, is a way for employers to provide multiple benefits while lowering taxes for themselves and their employees. Read on for details.
 
 

How to Avoid the Legal Pitfalls of Telecommuting

woman working from homeAre you an employer who started letting employees work from home during the COVID-19 pandemic?
Read on for details.
 
 

What to Expect for Retirement Savings Plans in 2022

stacks of coins and 2022 signWith a new year often comes new rules. Here’s what the federal government has planned for retirement savings plans in 2022. Read on for details.
 
 

No Single Benefit Interests Every Age Group

group of people of varying agesLook around a typical workplace and you’re likely to see four generations of employees — Baby Boomers, Generation Xers, Millennials and Generation Zers.
Read on for details.

Employee Benefits Report – December 2021

How the Pandemic Is Making Employer-Sponsored Life Insurance More Attractive

workers in office
COVID-19 has driven up mortality rates, so it’s no surprise that life insurance companies are taking note. Read on for details.
 
 

How to Make Annuities Work with 401(k)s

plant growing out of money jarThe SECURE Act has made embedding annuities in 401(k)s more appealing to employees and safer for employers.
Read on for details.
 
 

Voluntary Benefits That Could Move the Needle for Employees in 2022

people holding up benefit signsAn increasing number of employees view health and other benefits among their top three reasons for job satisfaction, according to studies by Ameritas Life Insurance Corp.
Read on for details.

 

How to Legally Use Premium Discounts to Encourage Vaccinations

vaccinated woman giving thumbs upThree federal agencies have issued guidance indicating that employers may legally offer a reduced health benefit premium to employees who are vaccinated for COVID-19.
Read on for details.

Employee Benefits Report – November 2021

Impact on Business of Growing Interest in Paid Family and Medical Leave

mom going to work
There’s growing state and federal government interest in ensuring employees have access to paid family and medical leave. Read on for details.
 
 

Ways to “Carve-Out” Group Health Plan Savings

woman with tabletEmployers who self-insure their group health care benefits may find that carve-outs will help keep their premiums lower. Read on for details.
 
 
 

COVID-19 Vaccination Mandate Raises Questions for Employers and Legal Scholars

man getting vaccineReaction to President Joe Biden’s COVID-19 mandate requiring most federal and private sector employees to get tested or vaccinated against COVID-19 ranges from supportive to defiant.
Read on for details.
 
 

Telehealth Education: Good for Employees’ Health

man with laptop
Now that the COVID-19 pandemic has highlighted how useful telehealth services can be, employers may wish to encourage employees to try this money-and time-saving option. Read on for details.

Employee Benefits Report – October 2021

How to Determine When Protections Apply to ADA and COVID “Long Haulers”

mask,stethoscope, ADA
COVID-19 survivors who suffer long-term health challenges might qualify for protections under the Americans with Disabilities Act (ADA).
Read on for details.
 

Make Sure Voluntary Insurance Plans Are Really Voluntary

mazeA voluntary plan that turns out not to be voluntary can also be a complicated maze of paperwork for an employer.
Read on for details.
 
 

Is It Possible to Save Too Much for Retirement?

jar filled with moneyWhile some employees aren’t saving enough for retirement, some save too much in their plans and pay the price in penalties. Read on for details.
 
 
 

Using Health Insurance Discounts to Fight Vaccination Hesitancy

The lure of lower health insurance premiums is enticing some employees to get vaccinated against COVID-19.
Read on for details.