Healthy Employees=Revenue |
As an extra and innovative solution for healthy and
happy employees consider offering Telehealth benefits. Studies have shown reduction in doctor office visits, ER visits, absenteeism and overall healthcare costs while promoting wellness, prevention and personal responsibility.
Contact The Capital Group's Benefit Team for Wellness Solutions at 301-214-7666
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A recent survey conducted by Virgin Pulse and Workforce Management magazine on 361 businesses and 3,822 employees addressed the impact of health and wellness.
The top findings are below:
- Wellness drives company culture: 87 percent of employees state that wellness positively impacted work culture, an increase of 10 percent from 2013.
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Contact The Capital Group's Benefits Team for Wellness Solutions at 301-214-7666
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Below is an expansion to our May Article "Medical Loss Ratio ".
Large group insured plans (over 100 employees) must spend at least 85% of premiums paid on medical claims. Small groups (100 or fewer employees) and individual markets must spend at least 80% on medical claims. If not, a rebate is owed to the policyholder and subscriber, based on pre-established pools.
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Have You Filed Your IRS Form 5500 or Filed for an Extension?
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You have until July 31st to file your annual 5500 report or file for an extension. IRS form 5500 must be filed annually by employee benefit plans to satisfy annual reporting requirements under the ERISA and IRS guidelines. Click Here for some tips from the IRS to help make filing form 5500s, including extensions, more efficient.
If you have any questions about filing this form, please contact The Capital Group's Financial Team at 301-214-7666
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Overseas Employee Protection
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Whether your company is a private business or a government contractor, employers need to provide the appropriate benefits and liability insurance to their overseas-based employees. See More Here ... Contact The Capital Group's Property and Casualty Team for coverage quotes and questions at 301-214-7666
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