Practical HR Tips, News & Advice. Updated Daily.
Can an employee open up a Health Savings Account (HSA) if their spouse has a general purpose Flexible Spending Account (FSA)? If not, can they open up the HSA account once their spouse’s FSA is exhausted and closed? And once they do this, how does the employer who is contributing to the HSA abide by […]
Most people would probably choose custom over off-the-shelf if they had the chance—even when the product is health insurance. At least, that’s how Michael Jordan, who is president of labor and strategic accounts at MagnaCare, a healthcare services company specializing in self-insured plans and network solutions, sees it.
Results of a new survey show a “direct correlation between family-care benefits and workplace performance, as well as employee recruitment and retention,” says Donna Levin, cofounder and vice president of Care.com Global Workplace Solutions, the survey sponsor.
With many employers making changes to their health insurance plans, including accelerated adoption of high-deductible health plans, it’s more critical than ever for companies to strengthen their efforts to engage employees during their open enrollment periods, according to Chris Hill, CEO of Spotlite.
By Jennifer Carsen, JD Few would claim their favorite season is “tax season,” and this year large employers have yet another reason to dread it: Mandatory filing requirements dictated by the Affordable Care Act (ACA) kick in for 2015. If you are an Applicable Large Employer (ALE), it’s important to note that you are responsible […]
On Oct. 7, 2015, President Obama signed, without comment, the Protecting Affordable Coverage for Employees Act, which amends the Affordable Care Act’s definition of a “small-group,” a move intended to force mid-sized companies into providing richer coverage to workers. The PACE Act (H.R. 1624 and S. 1099) repeals the mandatory expansion of the small group […]
Does your organization hire only permanent employees? Or does it use a mix of employees and independent contractors? Or perhaps you rely solely on independent contractors and have no permanent staff?
In spite of major changes in the healthcare landscape, small-business owners looking to recruit and retain top employees still need to pay close attention to their benefits offerings. According to the 2015 Aflac WorkForces Report for Small Businesses, a majority of workers employed in small businesses are willing to consider a job with slightly lower […]
As healthcare costs continue to climb and employees’ share of premiums rise, it becomes increasingly important for them to understand their health plan options during open enrollment.
An employee over the age of 65 who already enrolled in Medicare Part A is now being separated due to disability. Does the company (self-insured) have to offer him 18 months of COBRA? If yes, which plan becomes primary and which plan is secondary?