January 31, 2023
While this article mostly applies to self-funded plans, some strategies listed can impact the fully insured marketplace. If you correctly steer and educate your employees, cost containment should lower your claims. Henceforth, whether you are fully insured, level funded, or self funded, it should lower your overall spend and decrease your renewal. However, in a …
January 23, 2023
Empathy in Human Resources Management is something that comes up often. The idea of a stern leader, who rules with an iron fist, is outdated. Today’s leaders are expected to build relationships and trust to ensure they get the most out of employees. HR has the double burden of demonstrating empathy and teaching executives to model this kind of …
January 23, 2023
I’m onboarding a new client this month and what is the single biggest issue they have when it comes to benefits? Administrative Overload Here’s what I mean by that. For every new hire, their HR administrator prepares a custom Word doc with payroll rates based on the hire’s age, sends that to the employee, and …
January 18, 2023
It’s often thought that having money leads to happiness. While that’s not necessarily true, being financially secure does create a sense of well-being which impacts your mental and physical health. To address our whole health in 2023, we need to understand the relationship between financial and physical wellness. Inflation, at 7.1%, has made financial stress …
January 17, 2023
The Why According to the Centers for Medicare & Medicaid Services, in 2021, healthcare costs skyrocketed to $4.3 trillion. This is caused by the premium increases, higher deductibles and copays, and soaring prescription drug prices. Most of these costs are market driven from the unregulated prescription drug costs and healthcare providers’ salaries rank higher than …
January 12, 2023
The new year is on the horizon, and everyone is predicting what 2023 HR trends to anticipate. Recently, HR Exchange Network posted a question on Terkel.io to discover what Human Resources and business leaders will be navigating, challenging, and experiencing in the year ahead. Here are the answers: Bring It with Gamification “Gamification is one of the …
January 6, 2023
A hot labor market that has seen scores of employees leave their jobs for new and better opportunities has HR and benefits leaders planning to up the ante when it comes to benefits that sway workers to stay. But at the same time, employers also are aware of soaring costs and inflation concerns and are …
January 3, 2023
Congress passed an omnibus government funding bill at the end of 2022 titled the Consolidated Appropriations Act of 2023 to avoid a shutdown. One of the provisions affects HSA telehealth services by again extending HSA relief to consumers with High Deductible Health Plans (HDHPs). Consumers can receive first-dollar telehealth and remote care services and not …
