Employee Benefits Report – October 2022

Could Looming Recession Endanger Remote Work?

Recssion Warning sigh
The ability to work from home has been a lifeline for many during the COVID-19 pandemic, but some feel that a recession could jeopardize that perk.
Read on for details.

 

Employers Look to Improve Health and Benefits Offerings Ahead of 2023 Open Enrollment

Open Enrollment
Despite the more challenging economic environment, employee turnover rates have not improved significantly. According to the US Bureau of Labor Statistics, 4.2 million people quit their jobs in June 2022, showing little change. Read on for details.

Fertility Treatments Could Be Affected by State Abortion Bans

doctor and coupleIn states where abortion has been banned, fertility treatments could also be affected, even if unintentionally. If the wording of the abortion bans is not careful, it could make some fertility treatments illegal and make it more difficult for people to access them. Read on for details.

Virtual Physical Therapy: The Rise of Telerehabilitation

woman in yoga positionHealthcare experts predict that virtual physical therapy of musculoskeletal conditions will become increasingly popular and will likely comprise a significant portion of telehealth services delivered in the future. Read on for details.

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.

Life & Health Insurance Advisor – Fall 2022

Retirees Should Check Their Medicare Coverage Before Traveling

annuitiesIf you have Medicare and plan to travel, it’s essential to check your coverage for potential gaps that could lead to expensive bills.Read on for details.
 
 
 

What You Need to Know About Mental Health Care Insurance

lose weightTreatment for mental illness, which affects millions of Americans every year, can be costly, but many people don’t realize they qualify for mental health care insurance. Read on for details.
 
 
 

How to Save on Health Insurance

vaxxedIf you’re one of the millions of Americans struggling to pay for the rising cost of health insurance, here are some money saving tips. Read on for details.
 
 
 

A Quick Look at Child-Only Health Insurance

Affordable health insurance for your children is a top priority. Child-only health insurance policies can be a good fit for your kids but finding the right policy for your family can be tricky. 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.

Life & Health Insurance Advisor – May 2022

Is No-Exam Life Insurance Right for You?

annuitiesGetting life insurance can be complicated and time-consuming. But not always. Read on for details.
 
 
 
 

Why Stay-At-Home Parents Need Life Insurance

lose weightStay-at-home parents probably do the job of six or more people, taking care of everything from being a nanny and nurse to a chauffeur and chef. Read on for details.
 
 

Many Americans Will Soon Get Medical Debt Removed from Their Credit Reports

vaxxedStarting in July 2022, many Americans may see their medical debt removed from their credit reports, according to a statement from Equifax, Experian, and TransUnion. Read on for details.

 

Medicare Now Covers Up to Eight At-Home Covid Tests

Starting in April, anyone with Medicare Part B, including people enrolled in a Medicare Advantage plan, gained access to free COVID-19 at-home tests. Coverage will apply until the end of the public health emergency.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.

Life & Health Insurance Advisor – February 2022

Never Outlive Your Savings
with Longevity Annuities

anuitiesThe Centers for Disease Control and Prevention estimates that the average 65-year-old will live at least another 20 years, which is six years more than what life expectancy was in 1950. While this is great news, it does present a financial challenge – how to ensure that your retirement savings will last a lifetime.
Read on for details.

Lose Weight to Save On Insurance

long term care signIf you are already finding it hard to keep your New Year’s promise to lose weight this year, maybe this will inspire you. Read on for details.

Not Getting Vaxxed?
Here’s What To Do if You Lose Your Job

Not VaxxedAs we enter year three of the COVID-19 pandemic, experts are still encouraging people to get the Pfizer-BioNTech and Moderna COVID-19 vaccine and booster shots because they lessen the possibility of needing hospitalization if they get infected with the virus. Read on for details.

Options If You Don’t Have Dental Insurance

The Centers for Disease Control and Prevention, the U.S. national public health agency, estimates that more than a third of all Americans haven’t visited a dentist in the last year.
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.

Life & Health Insurance Advisor – November 2021

How to Avoid Challenges to Your Disability Claim

person spying from the bushesIf you file a disability claim with your insurance company and get the feeling you’re being followed, you might be right!
Read on for details.
 
 

Planning for Care When You Need It Most

long term care signIf you are still young, long-term care may not be on your radar. However, long-term care insurance can be a worthwhile investment, especially if your family has a history of needing long-term care. Read on for details.
 
 

Errors to Avoid If You Inherit an IRA

IRA paperworkA recent private letter ruling by the Internal Revenue Service (IRS) highlights the possible mistakes a beneficiary can make after they inherit an Individual Retirement Account (IRA).Read on for details.
 
 

Life Insurance for the One Who Makes a House a Home

couple cooking dinnerEven though homemakers may not earn a paycheck, their financial impact on the family is immeasurable.
Read on for details.