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Employee Benefits News

Reference-based Pricing: Your answer to lowering expenses

Health care costs continue to rise, which means employers need to take every opportunity to lower expenses. One strategy is to employ referenced-based pricing (RBP). RBP enables employers to set limits on certain medical services, shifting the cost-analysis burden onto employees. How it Works RBP works by setting spending limits on certain procedures or services—meaning …

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The 5 Main Challenges of HR Compliance

These days, HR departments are spread thinner than ever, yet are responsible for vitally important parts of the business: workplace compliance, policies and procedures, employee communications, benefits enrollment and much more. Researching, writing and maintaining all the information needed to stay on top of these tasks, in addition to handling day-to-day responsibilities, can be a …

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COBRA: The Only 4 People who Qualify.

The Consolidated Omnibus Budget Reconciliation Act (COBRA) allows individuals to continue their group health plan coverage in certain situations. Specifically, COBRA requires group health plans to offer continuation coverage to covered employees and dependents when coverage would otherwise be lost due to certain specific events, such as a termination of employment, a divorce or the …

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How to Make Company Volunteerism Successful

If your business is in its infancy, volunteerism is something that typically happens within the firm automatically as you grow. Even if your company is well established and already has a high competition for talent, a well-established employee volunteer program (EVP) can help attract and keep talented, socially conscious and ambitious employees. Volunteering can be …

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4 No-Nonsense Ways a Strategic Benefits Plan can Boost Your Business

Competitive employee benefits packages are essential for attracting and retaining quality employees, but continuing to offer them can be tough with the rising cost of health care squeezing an already tight budget. Cutting benefits may seem like a necessary reality for some companies, but could have serious long-term consequences. Below you will find the four …

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Your Guide to Employee Benefits Acronyms 

Your Guide to Employee Benefits Acronyms. The following is a list of commonly used acronyms in the employee benefits industry. -A- ACA – Affordable Care Act ACO – Accountable Care Organization ADA – Americans with Disabilities Act AD&D – Accidental Death and Dismemberment ADB – Accidental Death Benefit ADEA – Age Discrimination in Employment Act …

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Fire Safety: What you don’t know can kill you

Fires are a serious risk for businesses of all types. It’s up to you to take the proper precautions to keep yourself, your co-workers and your business safe from fire hazards. Lower the Risks of Fire There are some simple things you can do to prevent fires at : Always comply with regulations. Obey “No …

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