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Medicare Coordination of Benefits: A Primer for Employers
When a plan participant or beneficiary has Medicare and other health insurance, such as group health plan insurance, retiree coverage or Medicaid, there can often be confusion as to which insurance pays first on claims. This article provides a general overview of COB...
Workplace Mental Health Resources New Website Launched by DOL
The U.S. Department of Labor (DOL) recently launched its Mental Health at Work initiative, including a new website providing a variety of resources and tools to help improve overall mental health services in the workplace. Highlights of Workplace Mental Health...
401(k) Plans for Small Businesses
401(k) plans for small businesses can be a powerful tool to promote financial security in retirement. They provide a host of benefits for employers, including aiding in hiring and retention, tax-advantaged contributions, and the ability to include all employees,...
Level Funding Health Plans: The Basics
If you desire the freedom of a self-funded insurance plan but need a little more certainty for your budgeting concerns, level funding health plans might be an option for you. Weigh the advantages and disadvantages and decide what’s best for your company.What is a...
Self-Funded Health Plan Considerations
As health care costs continue to rise, many employers are searching for ways to control costs while keeping benefits affordable and attractive to employees. For some employers, self-funded plans can be an effective strategy for lowering employee benefits health care...
HSA Guide: Eligibility Rules for 2023
Many employers offer high-deductible health plans (HDHPs) to control premium costs, and then pair this coverage with health savings accounts (HSAs) to help employees with their health care expenses. An HSA is a tax-favored trust or account that can be contributed to...
Hiring Employees for Your Small Business
Hiring employees for your small business can be a difficult and time-consuming process. Successful efforts to win over employees can require an investment of time and carry high costs. Unfortunately, small businesses often don’t have an excess of resources to invest...
Narrow Networks: Are They Right for Your Organization?
Narrow network plans may be new or unfamiliar to some. But these plans have grown in popularity among self-insured employers since the Affordable Care Act (ACA) was enacted in 2010. As of 2019, these plans represent approximately 72% of all plans offered through ACA...
Identifying Employee Needs and Gaps in Benefits Offerings
In today's competitive employment landscape, many organizations recognize that employees are their most valuable asset. To attract and retain top talent, employers must go beyond higher salaries. Benefit packages should be meaningful and address specific employee...