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Four Numbers to Improve Benefits Communication
If your organization is like most companies, your HR department is overworked, understaffed and can't devote enough time to developing an advanced benefits communication strategy.
This leaves your employees to think about benefits once a year, but that shouldn't be the case-an organization that encourages smart health care decisions and healthy life choices can save thousands in unnecessary costs. Here are four numbers that provide quick, easy ways to improve your benefits communication strategy.
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Final Regulations on Employee Tax Credit to Impact Employers
The Affordable Care Act (ACA) created a premium tax credit to help eligible individuals and families purchase health insurance through the new Affordable Insurance Exchanges. Recently, the IRS released final regulations that provide guidance on various aspects of the premium tax credit, including eligibility criteria.
These regulations affect employers with 50 or more full-time employees. Beginning in 2014, if a large employer's health coverage does not meet ACA's minimum essential coverage requirements and a full-time employee receives a premium tax credit under an exchange, the employer may be subject to ACA's shared responsibility penalty.
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Workplace Bullying: Identification and Prevention
Affecting nearly half of all Americans, workplace bullying can lead to loss of employees, sharp drops in productivity and pollution of the corporate culture. If your organization is not addressing the workplace bullying epidemic, the time to start is now. |
The Rate of Rising Health Care Costs Expected to Slow in 2013
According to recent reports, though the cost of health care is expected to rise 7.5 percent in 2013, it may indicate a dropping average growth rate.
While the overall cost of service is expect to rise by 7.5 percent-more than three times the predicted growth rates for inflation and the gross domestic product-premiums for large employer-sponsored health plans are only projected to rise 5.5 percent due to wellness programs, higher deductibles and copays. |
