Tag: benefits

Government Proposal Refines Reform Fees on Health Plans

A proposed rule put on public display Nov. 26 adjusts Transitional Reinsurance Program rules and tries to put out fires left burning by the ever-moving target of health care reform. For example, it proposes a lower contribution level insurers and self-funded plans would pay in 2015 to a transitional reinsurance fund, and gives employers the […]

High Court Will Rule on Religious Challenge to Contraceptive Mandate

The U.S. Supreme Court on Nov. 26 accepted an appeal of health care reform’s contraception coverage mandate. The cases that will be heard are Sebelius v. Hobby Lobby Stores, Inc. and Conestoga Wood Specialties v. Sebelius. (Kathleen Sebelius is named as a litigant in her capacity as U.S. Health and Human Services Secretary.) The cases […]

4 Hazards of Failing to Track All FMLA Leave

Mckinzey, a consultant with The Robert E. Miller Group in Kansas City, Missouri, was joined by a colleague, attorney Julie Athey, in a recent webinar sponsored by BLR/HRHero. Hazard # 1: Counting Against Attendance Policy If you had reason to know an absence was due to an FMLA‐qualifying reason, you can’t count the absence against […]

Voluntary Benefits—The Importance of Guaranteed Insurability

In yesterday’s Advisor, consultant Mike Miles presented the case for offering voluntary benefits to employees. Today, more on benefits, plus an introduction to a timely webcast on conducting legal background checks. Employees may think that they can’t afford a big policy, but it’s often a good idea to join the plan at the lowest level […]

Voluntary Benefits: ‘Garbage’ Policies or Bargain Benefits?

While voluntary benefits are scoffed at by some as “garbage benefits that never pay,” such benefits may be very attractive to some employees and may help companies currently reviewing their benefits packages in light of the Affordable Care Act, says consultant Mike Miles. Miles is vice president and senior employee benefits consultant at Gregory and […]

Insurers Must Use Standard CMS Letters When Restoring Policies

Insurers may not modify or customize letters telling policyholders they can have their cheap health coverage back for one more year if it was cancelled due to health care reform. States may customize the letters, but only if the result is a letter that is more consumer protective and detailed than the federal template. That’s […]

Pay or Play? Pros and Cons

Gillihan is counsel in the Atlanta office of Alston & Bird LLP. His tips came at a recent webinar sponsored by BLR® and HR Hero®. Reasons for having insurance from employee’s perspective: Risk mitigation Negotiated discounts Reasons to Get Insurance Through the Employer: The income tax/Federal Insurance Contributions Act (FICA) exemption for employer premiums and […]

PPACA Terms of Art You Need to Know to Comply

Employer shared responsibility or “play or pay” provisions (aka 4980H) of the ACA are effective January 1, 2014; however, no penalties will be assessed until 2015. Nevertheless, says Gillihan, your planning must be ongoing now if you plan to use a 12-month measurement period—that period has already started. Gillihan is counsel in the Atlanta office […]

Top 5: Compensation & Benefits Daily Advisor 2013 Year in Review

Featured Post Infographic Explores 2013 Employer Holiday Pay Practices BLR has released the results of the new 2013 Holiday Practices Survey, which examines employer practices for providing paid holidays and paying nonexempt employees during the 2013 holiday season and provides information on planned paid holidays for 2014. Compensation Planning Merit Increases—Performance or Place in Range? […]

What’s the Real Cost of EE Healthcare? (Hint: More than You Think)

How Big Is the Number? Most HR managers underestimate the full costs of employee health (or lack thereof), says Ahlrichs. He refers to a study involving auto manufacturers and 171,250 employees. The study recorded basic medical costs for the measured period—the metric most wellness plans look at—at $509 million. But add pharmacy and the number […]