A number of large employers in the retail, restaurant, agriculture, manufacturing and other predominantly low-wage employee industries have had to reduce employee hours in order to reduce their exposure to PPACA employer mandate penalties and the cost of offering employer-sponsored group medical insurance coverage. “In the first lawsuit of its kind, a proported class of…
DetailsRead HERE for the top 5 reasons Millenials quit.
Find out why some employees avoid wellness programs HERE.
“Driven by the developmental and retail costs of specialty drugs and a less-than-robust generic drug market, pharmaceutical price increases will move into the double-digit range by 2016.” READ MORE HERE
Employees from different generations care about different things in an employee benefits package.
Voluntary benefits that keep them happy and may not cost you a dime!
Read HERE about the Top Voluntary Products by Generation.
This is a question that is often asked by employers. The media tends to exaggerate the number of employers that currently use this tactic or are considering using this tactic in the future. I will highlight the main reasons employers consider this strategy as well as the pitfalls of employing such restrictions. However, I strongly…
DetailsWe are always looking for new ways to bring highly valuable, easy-to-use and cost-reducing resources to our clients. Bestefits clients with group employee benefits such as medical, dental, vision, life and disability, received an activation email containing login information for this incredible tool. The HR Compliance tool has sample HR forms, so you no longer…
DetailsAs employee benefits increase in cost, particularly medical insurance, companies innovate to bring new strategies to the employer marketplace. This can create exciting new opportunities but it also attracts those who are not always looking out for your company’s best interest or, perhaps worse, are not highly educated and experienced with the risks each strategy…
Details“In addition to forcing employers to grapple with potential increases in healthcare costs and tax penalties, the Employer Mandate poses additional risks if you are not careful in how you implement (and document) your compliance strategies.”