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The Employee Benefits Blog

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Employee Benefits News Roundup: Popularity of Voluntary Benefits Grows

 
Employee Benefits News Roundup Voluntary Benefits Increase in Popularity Edition

Many experts predicted last year that voluntary benefits would see enormous growth as the Affordable Care Act was fully implemented. These predictions have largely proven to be accurate. Employees are increasingly willing to bear the cost of voluntary benefits to protect themselves from gaps left by their health insurance, and employers are responding by offering better voluntary benefit packages.

Compliance Corner: Can We Still Offer an Employee Assistance Program?

 
What you need to know about Employee Assistance Programs

Guest post by Joe Lazzarotti

Employee Benefits News Roundup: Wellness Program Litigation Edition

 
EEOC roundup

This week brought a lot of news about the rules for health screenings, incentives and other elements of employer-sponsored wellness programs allowed under the Affordable Care Act. The U.S. Equal Employment Opportunity Commission is focusing more closely on these wellness programs to make sure they don’t violate the Americans with Disabilities Act, and has filed suit against employers whose programs it believes violate the act.

The Benefit Your Employees Would Pick Over Pay

 
401k matching

If you’re competing for top talent, keep in mind that job candidates aren’t just looking for a high salary. One of the most popular benefits employee are looking for is a 401(k) match -- and many are willing to accept a lower salary to get it. According to a study released by Fidelity Investments, 43 percent of employees surveyed said if they had a choice, they would prefer a lower salary in return for a higher employer contribution to their 401(k). In addition, only 13 percent said they would take a job at a company that didn’t match 401(k) contributions, even if the pay were higher.

Employee Benefits News Roundup: Obamacare Anniversary Edition

 
Obamacare's 1 Year Anniversary

The health insurance exchanges put in place by the Patient Protection and Affordable Care Act -- also known as PPACA, ACA and Obamacare -- opened for business in October 2013. It’s been one year now that we’ve all been operating under this new system. There have been some highs and lows with implementation of the new law, and delays and changes aplenty.

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How Non-Medical Benefits Help Employers Attract and Retain Talent

 
non medical benefits

Voluntary benefits can help fill in gaps between core benefit coverage and what your employees need -- especially when it comes to health care. But there are other non-medical benefits that employees find valuable, and employers should consider those benefits in order to build strong benefits packages (and increase retention).

Employee Benefits News Roundup: Open Enrollment Edition

 
open enrollment

Winter, spring, summer and open enrollment -- the four seasons of HR. Open enrollment is right around the corner for many companies and employees expect HR to be able to provide them with essential information about insurance, retirement plans and voluntary benefits. It can be a lot of information and paperwork.

How Employee Benefits Can Boost Engagement

 
employee engagement and benefits

As employers look to retain employees and recruit top talent, more are paying attention to employee engagement. Employee engagement is a measurement of how enthusiastic employees are about their work, how absorbed they feel when working and how they feel about their role in the organization. Increasingly, employers are realizing that benefits are one of the many factors that build employee engagement.

Employee Benefits News Roundup: FSA, HSA and HRA Edition

 
Employee Benefits News Roundup: FSA, HSA and HRA Edition

As we move into the country’s most common open enrollment season, you’ll probably hear some questions from employees about flexible spending accounts, health savings accounts and health reimbursement arrangements. It can be tough to keep the rules straight for all three types of accounts, and with many employers just now implementing last year’s rule change allowing a $500 carryover for FSAs, the rules you’re familiar with may be changing.

Should You Do an Employee Benefits Audit?

 
benefits audit

Are you offering your employees the best mix of benefits you possibly can? How do you know? It’s a good idea for companies to do periodic audits of the benefits they offer to ensure that they are offering benefits packages that employees find valuable and easy to use. Finding the right mix may take some time as you check in with employees and track how employees use benefits.

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