Articles tagged 'Benefits'

Benefits, HR News & Trends

Some 16% of Large Employers Plan to Still Offer “Skinny” Health Plans

Photo illustration by istockphoto.com

Nearly one company in six in a new survey from a major employer group plans to offer health coverage that doesn’t meet the Affordable Care Act’s requirements for value and affordability.

Many thought such low-benefit “skinny plans” would be history once the health law was fully implemented this year. Instead, 16 percent of large employers in a survey released Aug. 13 by the National Business Group on Health said they will offer in 2015 lower-benefit coverage along with at least one health plan that does qualify under ACA standards.

The results weren’t unexpected by benefits pros, who realized last year that ACA regulations would allow skinny plans and even make them attractive for some employers. But the new survey gives one of the first looks at how many companies will follow through and offer them. Read more…

Benefits, HR News & Trends

New Obamacare Wrinkle: Some Employees Get Automatically Enrolled

Health care reform has been a key initiative of President Obama's administration.

Newly hired employees who don’t sign up for health insurance on the job could have it done for them under an Affordable Care Act provision that may take effect as early as next year.

But the controversial provision is raising questions:

Does automatic enrollment help employees help themselves, or does it force them into coverage they don’t want and may not need? A group of employers, many of them retail and hospitality businesses, want the provisions repealed, but some experts say the practice has advantages and is consistent with the aims of the health law. Read more…

Benefits, HR Basics

Benefits Communication: Why It Matters Now More Than Ever

Photo illustration by istockphoto.com

It’s a wait-and-see year for employers, in part driven by the seemingly endless legal challenges to the Affordable Care Act.

But health care is big this year, like it’s been every other year in recent memory.

Whether or not you believe ACA successfully or unsuccessfully reformed the structure of health insurance in America, you’ll agree costs are still an issue. Cheryl DeMars of The Alliance succinctly said, “The work of bending the cost curve is largely the business of physicians and hospitals, employers and consumers — not regulators.” Read more…

Benefits, HR Basics

HR 101: How to Develop a Successful Sick Leave Policy

Photo by Dreamstime

One of the many policies human resource departments develop and implement involve employee sick leave.

Paid sick days are usually offered by an organization as part of their benefits package.

  • In some companies, employees are given an allotment of days to use throughout the year.
  • There are other businesses where paid sick days are accrued over the course of the year and can vary based on years of service. Read more…
Benefits, Compensation

The Problem When You Have a Pay-For-Pulse Compensation Strategy

Photo by istockphoto.com

Picture the scene:

Your company doesn’t have enough money in the annual merit spend budget to grant more than an average  2 percent increase to employees, so the powers that be decide “let’s give everyone a flat 2 percent increase and call it a day.

Has this happened to you? The practice is what some would call a “pay-for-pulse” strategy, where if you haven’t been fired on the date of the scheduled increase, then you’re going to get a raise.

Every warm body who occupies a chair at that time will receive an increase — just because. Read more…

Benefits, HR News & Trends

Appeals Courts Split on Legality of Subsidies Under Health Care Act

123RF Stock Photo

Two U.S. appeals courts Tuesday reached opposite conclusions about the legality of subsidies in the Affordable Care Act, a key part of the law that brings down the cost of coverage for millions of Americans.

In Washington, a three-judge panel at the U.S. Court of Appeals for the District of Columbia Circuit ruled that the Internal Revenue Service lacked the authority to allow subsidies to be provided in exchanges not run by the states.

That 2-1 ruling in Halbig v. Burwell could put at risk the millions of people who bought insurance in the 36 states where these online insurance marketplaces are run by the federal government. Judge Thomas Griffith, writing the majority opinion, said they concluded “that the ACA unambiguously restricts” the subsidies to “exchanges ‘established by the state.’ ” Read more…

Benefits, Global HR

How Employee Benefits Are Changing Around the World

Maximizing benefits

In the last 12 months I’ve been to 73 cities in 19 countries, working with our global clients about the advantages of using online benefit management and employee engagement software.

Along the way, I’ve picked up some interesting facts, figures and anecdotes regarding employee benefits management strategies. These are high-level observations and therefore should be taken with a pinch of salt.

I know how infuriating it can be to have your country or region generalized. For example, you can’t talk about the American economy in high-level terms: Read more…

Benefits, HR News & Trends

Health Plans Dropping Contraceptive Coverage Must Notify Participants

Healthprivacy

By Ilyse Wolens Schuman

In response to the recent U.S. Supreme Court holding in Burwell v. Hobby Lobby that closely held, for-profit entities with religious objections to certain aspects of the Affordable Care Act’s (ACA) birth control requirements could avoid the mandate by invoking the Religious Freedom Restoration Act, the U.S. Department of Labor has released guidance to address this eventuality.

In the latest set of Frequently Asked Questions on the ACA’s implementation, the Labor Department explains that group health plans offered by closely held, for-profit businesses that intend to cease providing all or some contraceptive coverage must notify plan participants within 60 days after the adoption of a modification or change to the plan’s coverage. Read more…

HR News & Trends, Talent Management

Digging Down Into How Employees Are Dealing With Financial Stress

From 123RF Stock Photos

What are organizations doing to help employees manage financial difficulties?

SHRM (in collaboration with Elevate) explored this question in their recent survey Employee Financial Stress. They found that 61 percent of HR professionals would describe their employees’ financial health as no better than “fair,” where 38 percent would describe theirs as “very good” or “good.”

Organizations that had more full-time hourly employees were more likely to have a response of “fair” compared to organizations with fewer full-time hourly employees who were more likely to report better financial health amongst employees. Read more…