Practical HR Tips, News & Advice. Updated Daily.
By Upendra Chivukula and Veny W. Musum Today, almost 50% of Americans own zero capital wealth. With the already manifest discontent all over the country, this fact is an ominous recipe for even wider, much more serious future levels of unrest. However, there is a solution. Shared employee ownership via Employee Stock Ownership Plans (ESOPs) […]
Hospitals are still resisting transparency, and reacting in unconstructive ways to reference-based pricing. The evidence shows many health care providers have some way to go in embracing changes designed to repair our nation’s cost spiral. We in the self-funding industry can make a difference, and at the same time protect our plan members from unfair […]
Just how important is HR’s role in ensuring a healthy profit for the organization?
A new survey has found that many student loan borrowers in the U.S. would prefer to work for a company that offers student loan management help as part of their benefits package. The survey was conducted among 1,000 individuals with student loans by Iontuition Inc., a member of the Ceannate companies that helps students and […]
By Michael Welling, Partner, Meridian Risk Management Let’s be honest. No one wants to talk about insurance. The mere thought of buying something you hope you never have to use is quite unnerving for most. In fact, conventional wisdom tells us that insurance is essentially just “a drain on the bottom line” or just “an […]
The plan loan activity of participants in employer-sponsored 401(k) plans that allow it declined slightly in the first three quarters of 2015, but remained steady with the previous-year period’s levels, according to a recent survey. As of September 2015, the latest available data when the Investment Company Institute issued the report, 17.6 percent of defined contribution plan […]
By Bruce Roffé Businesses sponsoring self-insured health plans are desperately seeking ways to reduce health care costs, and it’s no secret prescription drugs make up a significant chunk of those costs. If you look more closely, specialty drugs emerge as a main culprit. These high-cost meds made up less than one percent of all written […]
We would like to have 3 different payroll deductions for employee benefits—for employees who work under 30 hours per week, 30-39 hours per week, and 40 or more hours per week. What are the surrounding legal issues?
By Ruth Berkowitz, VP at Liazon Corporation
Millennial employees—18 to 34 years old—selected high deductible healthcare plans more than any other age group. However, while approximately 44% of employees in this group chose HDHPs, a much smaller number of these employees took full advantage of health savings accounts (HSAs), according to Benefitfocus inaugural “State of Employee Benefits 2016” report.