For employees, today’s healthcare environment is a little like squeezing a balloon: when health insurance premiums are affordable, then the side with the out-of-pocket costs inflates. If that side is more reasonable, monthly premiums expand. Either way, health care coverage and insurance costs are likely to drain the budgets of those they are designed to […]
From 401(k) plans to vacation policy, this topic gives HR and Compensation professionals specific strategies on how to handle benefit plans. Articles also provide guidance to brokers, advisers and consultants.
The keys for plan sponsors to avoid penalties under the Health Insurance Portability and Accountability Act (HIPAA), as well as other liability that may come with data breaches, were discussed by HIPAA experts in a recent webinar.
Anthem Inc. agreed to pay $115 million, and take specified corrective actions, to settle a consolidated class action that resulted from the massive cyberattack suffered by the health insurer.
HR professionals across all industries are increasingly engaged in discussions with company leadership about improving employee retention rates. In order to increase workplace satisfaction, considerable focus has been placed on strategies to truly engage with employees, ensuring they feel supported, happy, and healthy—both at work and in life.
On July 13, the Senate released a revised version of its proposed Affordable Care Act (ACA) repeal/replace bill, known as the Better Care Reconciliation Act of 2017. As of July 13, the Senate had not yet voted on the original version.
A health plan’s lack of a full plan document, and an erroneous reference to such a document in the summary plan description (SPD), did not defeat the plan’s claim for reimbursement from a beneficiary’s medical malpractice settlement, a federal appeals court ruled.
In 2013, Wisconsin’s unemployment compensation law was amended, creating a two-tiered system for determining when an employee is disqualified from receiving benefits. The first tier, disqualifying an employee terminated for misconduct, has been the standard for more than 75 years. The second tier, which became effective January 5, 2014, disqualifies an employee terminated for “substantial […]
The U.S. Department of Labor (DOL) on June 29 issued its fifth request (82 Fed. Reg. 31278) for public comments on the agency’s fiduciary definition and related exemptions, which took effect June 9. But the latest request for information (RFI) by the DOL since the rule’s inception in October 2010 may not be its last.
The 2017 State of Telecommuting in the U.S. Employee Workforce report has been released by FlexJobs and Global Workplace Analytics. This report is the most up-to-date and comprehensive data analysis available on the state of telecommuting in the United States, and includes recent trends. Among the report’s significant findings: the number of people telecommuting in the […]
The American Institute of CPAs’ (AICPA) Auditing Standards Board (ASB) recently issued a proposed Statement on Auditing Standards (SAS) that will affect all independent qualified public audits of employee benefit plans, especially limited-scope audits.