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Mental health insurance coverage is a must for modern employers

Business Management Daily

Open enrollment is right around the corner, so this is the perfect time to take a closer look at the health insurance coverage that you are offering to employees and make sure that it includes appropriate coverage for mental health. Are mental health services covered by health insurance? HMO vs PPO.

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Trend Watch: Employee Health Benefit Enrollment Continues To Drop

Insperity

The number of workers enrolling in company-sponsored health insurance plans is at an all-time low. percent of employees were enrolled in their employer’s health insurance plan. While that percentage has been steadily dropping since the poll began in 2008, the newest finding is the lowest yet.

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Should substance abuse insurance be part of your employee benefits?

Higginbotham

The good news is many health insurance plans already provide coverage for health care services that treat mental illness and substance use disorder. According to Healthcare.gov, health insurance plans subject to the provisions of the Affordable Care Act must cover 10 categories of essential health benefits.

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5 Signs Your Company Is Paying Too Much for Health Care

Insperity

Group health insurance costs are skyrocketing all across the country. The average annual medical insurance premium for single coverage is $4,824, and $13,375 for family coverage, according to the Kaiser Foundation’s (KFF) 2009 Annual Survey of Employer Health Benefits. Extremely low deductibles and copays.

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What is GINA? The federal discrimination law you need to know.

Business Management Daily

GINA also prohibits health insurers – including employers who self-insure coverage – from using genetic information to screen out employees for coverage or benefits. The employer can only make changes to the health plan consistent with the Affordable Care Act (ACA). GINA definition.

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BambooHR Review & Deep Dive

Bayzat

It was established in 2008. Bayzat streamlines the entire payroll process, from calculating salaries and deductions to generating payslips and facilitating direct deposits. With its intuitive interface, you can calculate salaries, taxes, and deductions effortlessly, minimizing errors and reducing administrative burden.

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15 Best HCM Software in 2024 (Based on Four Research Parameters)

Vantage Circle

Benefits Administration : Manages employee benefits, such as health insurance, retirement plans, and other perks. BambooHR BambooHR is a cloud-based human resources (HR) software platform founded in 2008 and is headquartered in Utah, USA. It caters to companies of all sizes but is particularly popular for SMBs.