Employee Benefits

FEBRUARY 1, 2023

Need to know: The cost of providing or accessing benefits is always going to be a big factor for employers and employees. Many healthcare benefits can be implemented at low cost to the organisation and no cost to the employee. In the UK alone, private medical insurance (PMI) costs are anticipated to rise by 8.8%

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Employee Benefits

FEBRUARY 15, 2022

More reactive health interventions include private medical insurance (PMI) and employee assistance programmes (EAPs), a service for employees to access help with personal or workplace issues that might be impacting their performance, wellbeing mental or physical health. appeared first on Employee Benefits.

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Best Money Moves

DECEMBER 9, 2024

Employees look for solutions to their unique problems from building retirement savings to handling unexpected medical expenses. Compared to years prior, employees are more interested in retirement benefits and paid leave opportunities. The common theme emerging from this years insights is personalization.

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Employee Benefits

FEBRUARY 8, 2023

Employers can negotiate preferential rates with private healthcare providers, making private healthcare more affordable for employees. Offering a range of options, such as private medical insurance (PMI) plans or health savings accounts, can help employees manage the costs of private healthcare.

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Employee Benefits

FEBRUARY 8, 2023

Unlike private medical insurance (PMI), premiums are not based on age and claims history, so it is a practical, cost-effective benefit for employers and employees. Gary Stanton is managing director of Atlas Security The post Gary Stanton: Can employers’ healthcare benefits fill the gap between private and NHS services?

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Best Money Moves

MARCH 11, 2024

The study from Forbes Advisor shows that 67% of employees and 68% of employers believe healthcare to be the most important benefit. Healthcare benefits can be wide-ranging, but usually include some sort of insurance package that helps make medical costs more affordable for employees.

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Employee Benefits

JANUARY 15, 2024

Its benefits offering for UK-based employees includes the SumUp corporate pension scheme, private medical insurance and life insurance cover, which it primarily markets towards its older staff. The global financial technology firm that provides merchants with card readers and payment solutions has more than 3,000 employees globally.

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Employee Benefits

MARCH 10, 2023

Healthcare benefits We spoke to Marcus Axelson, Head of Sales at Myles Wellbeing , about which benefit is the most important to him as an employee.

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Total Employee Benefits

AUGUST 18, 2021

Since in a self-funded plan, the company assumes the risk that an employee will become gravely ill and require costly medical treatment themselves, smaller businesses often shy away from self-funded policies due to financial risk even though they can offer significant benefits. Risks of Self-Funded Policies. Financial Risk. Legal Risk.

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Griffin Benefits

OCTOBER 22, 2021

While healthcare complexity is nothing new, a 2021 study from Quantum Health underscores the significant, negative effects on program participants and the employers who fund these complex group medical employee benefit programs. Healthcare Challenges Cause Declines in Well-being.

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WEX Inc.

JUNE 5, 2023

EBHRA - allows employers who offer a group health plan to set aside funds to reimburse employees for out-of-pocket medical expenses and premiums for benefit coverage. This enables eligible businesses to take advantage of an affordable way to offer healthcare benefits to their workers.

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Employee Benefits

MARCH 2, 2022

As well as introducing a new starting wage range, the retailer also intends to expand access to healthcare benefits for its employees, of which about 20% will now be newly eligible. The post Target raises starting salary range to $24 appeared first on Employee Benefits. The retailer will invest up to $300 million (£225.4

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Best Money Moves

APRIL 30, 2019

More than 30 percent of employers with 500 or more employees offer fertility benefits (up from 24 percent in 2016). More on Employee Benefits: Employee Benefits Success is All About Communication. 10 Quick Highlights from SHRM’s 2018 Benefits Report. What are the Latest Trends in Benefits Strategies?

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PeopleKeep

JUNE 20, 2024

Because those who work in the construction industry face high risks of injuries and illnesses, it's important to provide them with healthcare benefits so they can access preventative care and get help with costly medical bills. But, traditional group health plan coverage doesn't always fit everyone's needs or budgets.

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Employee Benefits

APRIL 3, 2024

Credit: everydayplus/shutterstock What are healthcare trusts? Healthcare trusts enable employers to provide self-funded medical cover to employees. Unlike private medical insurance (PMI), healthcare benefits are paid for from a trust fund, set up with trust rules. Are there any tax or legal issues?

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Employee Benefits

OCTOBER 19, 2023

” Cummins also offers its employees a pension scheme, medical, dental and life Insurance, a profit share scheme, healthcare benefits, parental leave, adoption assistance, flexible-working arrangements, a flexible spending account and an employee share purchase scheme.

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PeopleKeep

OCTOBER 29, 2021

An HDHP combined with an HSA gives you traditional health insurance with triple tax advantages, which helps you save for future medical expenses and provides greater flexibility and customization over how you use your healthcare benefits. So how do you know if your HDHP is HSA-qualified?

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Benefit Resource Inc.

FEBRUARY 23, 2021

TPAs provide some substantial advantages to ensure your employer provides excellent healthcare benefits while protecting their bottom line. Questions on medical claims. They aren’t allowed to talk about your medical claims due to HIPAA and PHI restrictions. Here are some things to consider. When to call your TPA.

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Best Money Moves

SEPTEMBER 25, 2024

Learn how companies of sizes and across all industries can help employees access needed care, improve their overall well-being and manage the looming healthcare crises. Having health insurance does not guarantee access to healthcare or the ability to afford it. Managing healthcare costs isn’t easy.

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Best Money Moves

OCTOBER 22, 2024

Furthermore, 51% of employees would need to dip into their savings or checking accounts for unexpected medical bills. Younger generations are particularly vulnerable, with 72% unable to afford $1,000 in out-of-pocket healthcare costs. While 79% of employers think their teams understand healthcare costs, only 48% of employees agree.

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Griffin Benefits

JULY 5, 2023

Employers of every size continue to struggle with the rising costs of healthcare, which ultimately increases the cost of medical premiums for everyone. In fact, after raising the prices of more than 1,400 prescription drugs in 2022, pharmaceutical companies started 2023 off with a 5% increase for more than 450 medications.

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Employee Benefits

APRIL 15, 2024

Healthcare benefits can sometimes offer specific support: some private medical insurance (PMI) policies have specific helplines or access to trained menopause medical professionals that are either included or available at an additional cost.

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Employee Benefits

APRIL 26, 2024

While many employers now offer access to healthcare benefits , such as private medical insurance (PMI), second opinion services and mental health support to name a few, this places an additional burden on those that do not already do so but wish to facilitate faster access to treatment for their workforce.

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Employee Benefits

MARCH 1, 2022

It’s likely that most employees, including younger members of the workforce, will attach more value to being able to get medical and other professional advice swiftly, than they did before the pandemic. Find out how Health Shield healthcare benefits could support your employees. Priorities can change in periods of crisis.

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Employee Benefits

APRIL 14, 2023

When I first entered the world of employee benefits more than 20 years ago, many organisations’ approach to health and wellbeing was markedly different. Back then, the focus was on more traditional healthcare benefits, such as private medical insurance (PMI) and health cash plans.

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Flimp Communications

APRIL 7, 2020

Several industries have workers striking (or threatening to strike) over working conditions, employee compensation and leave or healthcare benefits. No one can doubt that healthcare workers and those in industries like grocery stores are valued right now, both by their employers and society at large.

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Employee Benefits

FEBRUARY 15, 2022

If businesses find their employees now place greater value on immediate remote access to a doctor or other medical professional, then any new solution can incorporate that as a core part of the benefits provided. Find out how Health Shield healthcare benefits could support your employees.

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Flimp Communications

NOVEMBER 15, 2019

What employees want when determining their healthcare options doesn’t always match what employers think they want. SHRM observed that employers and employees have different ideas about the best methods for selecting and enrolling in healthcare benefits. 33% of employees don’t understand their medical bills.

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Empuls

AUGUST 27, 2024

Health Savings Plans : Offer health savings accounts (HSAs) or other financial wellness programs that help employees save for medical expenses, promoting long-term financial security. Healthcare benefits emerged as the top priority, followed closely by flexible work hours and additional vacation days.

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Benefit Resource Inc.

FEBRUARY 21, 2024

Healthy employees are not only happier and more productive but also contribute to lower healthcare costs for both themselves and their employers. HSAs enable employees to save pre-tax dollars for qualified medical expenses, including deductibles, copayments, and other out-of-pocket costs.

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Best Money Moves

JUNE 7, 2023

Some progress has been made, but there are significant healthcare disparities within the LGBTQ+ community. A 19th News survey found that LGBTQ+ individuals are more likely to be refused medical services, blamed for their health problems and discriminated against than cisgender and heterosexual people. Mental health support.

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Employee Benefits

DECEMBER 4, 2023

Health competency: Education contributes to health competency, which is key for employees to fully understand the details of healthcare benefits. Employees who are educated on their benefits are better equipped to make informed healthcare decisions and access necessary medical services.

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Corporate Synergies

FEBRUARY 11, 2019

To plan for newborn healthcare benefits, parents need a baby health insurance playbook. Employees are increasingly responsible for making important decisions about their healthcare and carrying the financial burden. A flexible spending account (FSA), which can be used to cover childcare and medical costs tax-free.

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Benefit Resource Inc.

FEBRUARY 7, 2024

Beyond being a traditional healthcare benefit, HSAs provide a win-win situation for both employers and employees. Understanding HSAs Health Savings Accounts are tax-advantaged savings accounts designed to help individuals and families with high-deductible health plans (HDHPs) cover medical expenses.

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Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 15, 2024

The Departments of Labor, Treasury, and Health and Human Services (the “Departments”) recently issued guidance for group health plans outlining a “therapeutic equivalence” medical management technique for required preventive services coverage of contraceptives. What is the new guidance about?

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Best Money Moves

JULY 10, 2018

According to research compiled by Managed Care , Americans are skipping medications that could improve their quality of life because they can’t afford them. The truth is many employees need help navigating healthcare benefits to lower out of pocket expenses and avoid , “financial toxicity.”. What can you do about it?

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PeopleStrategy

SEPTEMBER 24, 2019

“PeopleStrategy understands the need for today’s employers to go beyond traditional medical benefits to remain competitive in the war for talent.” ” “As a 21 st century broker, PeopleStrategy is always looking for ways to help our clients attract, manage and retain talent.

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