Delaying preventive care could be the difference between life and death. The risks of putting off preventative care are great. Without routine check-ups and screenings, small health issues may go undetected and become life-threatening issues if left untreated. Unmonitored chronic conditions may become worse and cause complications that may be impossible to reverse.
If you have a population of Service Contract Act (SCA) employees, your business likely faces a unique challenge when it comes to offering employee benefits. For an SCA employee, a certain dollar amount for every hour worked must be set aside for their SCA fringe benefits rate—money allotted to their health and welfare benefits.
Recognizing employees is key to retain star performers, which is even more critical during this pandemic. But showing appreciation could be more difficult with many businesses shifting to remote work. In this post I’ll discuss the importance of employee appreciation as a retention tool, especially during COVID, and provide five ideas on how to do […]
As medical plan premiums increase and employees are prescribed high-cost specialty drugs, which normally treat complex or rare chronic conditions, employers are left wondering about solutions to the rising costs of prescription drugs in their health plans.
Employers that sponsor welfare benefit plans must provide a wide range of notices and disclosures to employees and plan participants. These notices are required by the Employee Retirement Income Security Act (ERISA), the Affordable Care Act (ACA), the Health Insurance Portability and Accountability Act (HIPAA) and the Americans with Disabilities Act (ADA). This Benefit Minute […]
On October 2, 2020, the IRS issued Notice 2020-76 which provides ACA reporting relief similar to what has been granted in prior years. There are strong indications in the Notice that this will be the last year the relief is given. The IRS had previously requested comments on the relief for furnishing the forms to […]
The financial impact of COVID-19 is temporarily closing businesses, slowing down sales, and disrupting supply chains in the U.S. In a time when so many companies are having to make hard choices about compensation due to unforeseen budgetary constraints, could this be a good time for your organization to prepare and distribute total compensation statements?
Fall is here, and with it, the risk of contracting influenza will increase. With the flu and COVID-19 prevalent this season, it makes it significantly important to receive both the influenza and COVID-19 vaccine.
Daily life can be stressful. To promote mental health, we’ve put together some simple stress management techniques that can be done anywhere at any time. Relaxation is a great way to cope with everyday stress and to ease your mind. It is a way to refocus your attention and increase awareness in your mind and body. There are numerous types of relaxation techniques, so take some time to explore different methods to find what works best for […]
