We discuss what our clients and other employers are doing to manage risks, promote employee productivity and morale, reduce costs and improve their organizations as a whole.
Congress passed (and the President signed into law) two spending bills, one of which contained the provisions for the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”).
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FMLA may be an option for an employee that is suffering from workplace stress, especially if it rises to the point of a serious health condition that affects the employee’s ability to perform their work duties.
Microsoft IDs notable phishing scams, DOJ charges Russian hackers, new intimidation tactics target ransomware victims and other cyber risks.
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Introducing our 2020 MarketPulse trend report, where we discuss what our clients and other employers are doing to manage risks, promote employee productivity and morale, reduce costs and improve their organizations as a whole. In this year's report, we explore various employee benefit strategies, such as prescription rebates, financial wellness, executive benefits, and non-traditional benefits such as paid parental leave, as well as other trends designed to combat increasing healthcare costs while improving employee engagement and productivity. In addition to a discussion of each trend, you will find supporting materials at AssociatedBRC.com/MarketPulse.
Download the PDF: MarketPulse 2020
This article discusses four benefits mistakes that we see on a regular basis. They can be quite costly for employers, and sometimes it can be quite difficult and frustrating to identify when there is a problem. But with a little bit of guidance, you can spot a problem and make a game plan on how to respond.
More employers than ever are creating, maintaining and distributing personnel records electronically and getting rid of their paper documents and files. For some this is a daunting and difficult process, but for many others, having a paperless application and hiring process, online benefit enrollment system, and electronic time tracking system (and the list goes on and one), could not have come soon enough.
While the mainstream news frequently rings the alarm that the American public is “overprescribed,” employers continue to look for ways to optimize their pharmacy benefit — neither over-emphasizing prescription use nor discouraging employees from this vital benefit, but finding the “just right” approach. As a large provider of health insurance coverage, employers have the opportunity to promote optimal pharmacy use and gain value with various strategies related to health plan design, disease management, workplace wellness, and advocacy programs offered by carriers and vendors.
Back in June, we introduced you to the Individual Coverage HRA or “ICHRA.” We promised to monitor developments and guidance, and we have some new things to report. ICHRAs sounded alluring because the rules provide a way for employers to provide a “defined contribution” health benefit with financial predictability for the bottom line. Once you scratch the surface, however, the shortcomings, limitations, and administrative burdens of the ICHRA quickly bubble up.
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