Scary Health Coverage Laws.

August 19, 2010

When it comes to health-coverage laws, there’s often a domino effect.
As individual states require insurers – and in some cases, companys – to cover or offer coverage of specific individuals  and procedures, similar laws can spread rapidly to other states.
The effect on plan sponsors –  Some mandates can increase your costs by 20 percent to [...]

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High-paid Workers Worry About Health Care Costs.

August 18, 2010

Who worries more about health costs –  lower-paid or higher paid employees?
Answer –  Both groups worry equally about their out-of-pocket health care costs, according to a PNC Services Group survey of 1,485 staff members. Almost 52 percent of all respondents – regardless of income -cited the unpredictability of health care expenses as their No. 1 [...]

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Major Reason for Employee Benefit Lawsuits.

August 17, 2010

It may be easier than you think to eliminate a major reason staff members sue.
How? Well, roughly 75% of employee lawsuits happen because of accidental disconnects between an corporation’s internal policies and procedures, and what’s written in the plan documents.
Here are two areas where some the costliest errors lurk, and three steps your fim can [...]

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Staff Member Benefits Communication.

August 16, 2010

Nine of 10 HR managers polled by Colonial Life feel that employees have at least a vague notion that benefits are a valuable part of working at a company.
Nonetheless, the same study found that only 21 percent of those corporations believed their staff members had a strong understanding of the workings of their own benefits. [...]

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Health Insurance Carriers Overcharging Clientss.

August 15, 2010

Incorrect billing from medical insurance carriers is more common than you may think. the average plan sponsor can get overcharged by 5% a year, as reported by brokerage and consulting firm Corporate Synergies Group.
Like most organizations, insurance carriers rarely keep perfectly up-to-date records on their clients. as a result, plan sponsors often get charged for [...]

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Financial Wellness

August 14, 2010

With the downturn in the economy, it seems like most organizations are shifting their focus when it comes to employee benefits and compensation. the current situation is also very stressful on benefits managers.
In times like these, it’s vital for colleagues to share their concerns, experiences suggestions. A few weeks ago, HRBenefitsAlert.com ran a special report [...]

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The height of winter flu season is here, so it’s a good time to test your flu avoidance program’s chances for success.

August 13, 2010

Few companys benchmark their flu programs, a study  from the Disability Management Employer Coalition locates. But those that do often discover room for improvement.
Almost 80% of corporations provide workers access to flu shots, either on-site or at a local clinic. and 72% cover some or all of the cost (typically paying between $10 to $20). [...]

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Financial Fears and Eap Use.

August 12, 2010

The fastest-growing use of EAPs since 2002 has been tied to employees’ financial worries.
Over the last five years, there’s been a stated 69 percent jump in employee employee assistance program (EAP) use related to personal financial concerns. the trend is not all that surprising.
Statistics show that, for the first time since the Excellent Depression, the [...]

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Presenteeism.

August 11, 2010

The problem of presenteeism – staff members showing up at work but taking a “mental vacation day” – isn’t going away any time soon.
A recent survey found the typical employee has three unused vacation days at the end of the year. But 33% admit that they sometimes take “unofficial” vacation days of a half-day or [...]

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Employee Benefit Participation

August 10, 2010

It’s tough to get workers to participate in benefit programs that they don’t even know exist.
Seventy-one% of employees lack basic knowledge of standard benefit programs, as reported by a new study by the American Payroll Association (APA).
Low participation rates
The ASA study  focused on staff members knowledge of their company’s pre-tax benefits. While nearly three quarters [...]

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