Advisory: Employee Benefits // Browsing posts in Advisory: Employee Benefits
Expatriates Require Different Benefits
Overview As the world continues to grow as a global marketplace, the needs of the globally mobile workforce continue to develop as well. Some of your employees may be abroad for a few weeks, while others may relocate for years. No matter the length of stay or location, employers need to understand the difference between...
Health Reform Update: Recent Changes and Challenges
Overview On April 14, 2011, the President signed the Comprehensive 1099 Taxpayer Protection Act, followed by the Continuing Appropriations Act, which was signed into law the next day. Of note to employers and other sponsors of group health plans, these Acts repealed two key provisions of the Affordable Care Act, the expanded Form 1099 reporting...
EAP Offers Help for Employees in Stressful Times
As employee stress loads mount, productivity declines, absenteeism rises and the probability of on-the-job injuries increases. As an employer, you may already have the tools in place to help employees deal with financial hardships. If your company provides group disability coverage as a core benefit, the plan more than likely includes an employee assistance program (EAP).
Employee Benefits Strategies and the Tax Relief Act
On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the Tax Relief Act). The Act is a multi-billion dollar tax cut package that extends certain tax provisions known as the “Bush tax cuts.”
Grandfathering Health Plans: Evaluate Pros & Cons
The recently enacted Patient Protection and Affordable Care Act (PPACA), or healthcare reform, is prompting human resource managers and their employee benefit consultants to spend countless hours assessing the impact on employer-sponsored benefit programs.
Parity Among Benefits? Make the Most of It
In January 2010, final regulations requiring parity between mental health or substance abuse disorder benefits and medical/surgical benefits under an employer’s group health insurance coverage were issued by the Departments of Treasury, Labor, and Health and Human Services. This regulation affects health insurance plans covering more than 50 employees and can have serious financial consequences if not properly incorporated into your employee benefits program.
FMLA, “In Loco Parentis” and Employer Responsibilities
The DOL’s recent interpretation of the Family Medical Leave Act expands an employee’s rights to take leave to care for a child. Failure to comply can result in substantial fines and potential legal action from employees wrongfully denied time off under FMLA.
Vision Benefits: An Overlooked Cost Control Strategy
Controlling healthcare costs and the resulting medical insurance premiums requires the simultaneous deployment of multiple preventative care strategies. Attempting to control costs with a single strategy is akin to bailing out a sinking boat with a single bucket; ten buckets working in unison will generate much better results.
Health Risk Assessments: Be Careful What You Ask For
Wellness programs are a highly effective strategy for reducing a company’s healthcare costs. And until recently, such programs seemed to be free of legal pitfalls and potential lawsuits. But thanks to a recent letter from the Equal Employment Opportunity Commission (EEOC), employers now need to walk a fine line when implementing such cost control measures....
Recruiting Tool: Group LTD Policies
Properly structured benefits programs play a critical role in every employer’s ability to recruit and retain qualified employees. While medical insurance is obviously at the top of every employee’s list of key benefits, the second most important benefit valued by employees, particularly professionals, is long-term disability (LTD) insurance.
Seacrest Partners is our U.S. professional liability broker…I would recommend them without reservation…under their guidance and recommendations we have broken into the London Market and are very, very pleased with the results.
Vickie Atkins, Patient Safety/Risk Management Officer
Children’s Health System of Alabama
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