As more organizations use wellness programs to improve employee health and save on insurance costs, recent Gallup research has found that only 60 percent of employees know about their employers’ wellness programs. In addition, only 40 percent of those employees participate -- meaning less than a quarter of employees who work at a company that offers a wellness program actually participate in it.
This week we’re reading about the importance of voluntary benefits. A recent report shows that voluntary benefits are considered essential by the majority of employees at small businesses. A legal plan and identity theft plan can also help employees maintain productivity during rough times, according to a SHRM article. Also, there are continuing efforts by some to reverse the Hobby Lobby decision, but nothing has gained traction yet. Read on to see what’s happening this week in benefits.
As employers shift more of the burden of health insurance costs to employees, costs rose faster for employees than employers in 2014, a new study has found. The report, called the Milliman Medical Index, found that health insurance costs for employees have risen 6 percent in 2014, while costs for employers have risen by 5.4 percent.
This week we’re reading articles on a few different topics related to benefits. According to SHRM, same-sex benefits are increasing greatly since last summer’s overturn of the Defense of Marriage Act. BenefitsPro has a great piece on how to streamline your enrollment process to avoid unnecessary hassle for employees, and LifePro outlines some helpful digital apps that can help manage healthcare costs. Read on for these stories and more.
The rising costs of employee benefits has U.S. employers rethinking which benefits they’ll continue to offer and how much of the cost they’ll cover for employees, according to the Society for Human Resource Management's report 2014 Employee Benefits: An Overview of Employee Benefits Offerings in the U.S. The report, released in June, includes the findings of SHRM’s latest survey. U.S. employers were asked to choose which of 300 benefits they’d be offering their employees in the coming year. SHRM compared those answers to data collected since 2010.
Last week’s decision by the Supreme Court may raise some questions for employers about what health coverage they’re required to provide under the Affordable Care Act, also known as Obamacare. Under the act, contraception is a preventive service that must be provided at no extra charge. But the Supreme Court ruled that as a closely held corporation, Hobby Lobby does not have to offer forms of birth control to which it has a religious objection.
This week we’re reading many different perspectives on the Supreme Court decision in the Hobby Lobby case. Just as with Obamacare itself, no one is certain what the lasting effects of this decision will be in terms of an employer’s reach in dealing with allowed products and services on their plans. Many see the decision as intentionally narrow in scope while others see potential for a much larger impact. Read on for further insight.
This week we’re reading about how employers can help employees make the most of their benefits. How can you roll out new voluntary benefits in a way that reduces employee confusion? Should you offer employees HRAs or HSAs? Can offering wellness programs boost existing employee benefits plans? Read on for more benefits tips.
You can build a strong culture of health in your organization by making your employees’ health a top priority, implementing tactics to acknowledge their efforts and progress, and training managers to support well-being in the workplace.
This week, we’re reading about trends in employee benefits. Companies aren’t satisfied with employee participation in voluntary benefits. Employees view the benefits positively, but the results don’t translate to enrollment. Despite these trends, demand for voluntary benefits is expected to increase in 2015. Also increasing in 2015? Obamacare enrollment. Figures released this week suggest enrollment could double next year. Read on for more benefits news you need to know.
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