Category: Benefits and Compensation

This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.

How One Company Supports Employees with Mental Health Issues

Mental health awareness seems to be at an all-time high among employers. Articles, webinars, and online HR events have all focused on this important issue. But where does that leave the countless employees out there right now suffering from a wave of mental health concerns? I recently spoke about the issue with Betty Thompson, EVP […]

disability insurance

Individual Disability Insurance Offers Support and Flexibility to Clients During Unpredictable Times

As a financial adviser or broker, you evaluate clients’ unique needs to provide them with appropriate solutions that protect them from the unexpected. In a world where “one size fits all” insurance plans are sometimes the norm, it can be a challenge to find the right mix of solutions to ensure your clients are fully […]

Medicare

Want to Require Medicare Enrollment? Size Matters

Q. Can we make it mandatory for employees to enroll in Medicare upon turning age 65 even if they don’t plan on retiring and continue using the group medical plan? If so, how must this be communicated to employees approaching Medicare eligibility?

deadline

What Happens When COBRA Deadlines Become Suggested Time Limits?

It seemed like a great idea this spring when the federal government issued guidance providing relief from certain benefits deadlines—including those related to COBRA continuation coverage—due to the disruption caused by the COVID-19 national emergency. Then, it was assumed the emergency would end by June.

cargiving

Using Benefits to Support Employees Who Are Caregivers

Employees who provide care for others often find these responsibilities present conflicts with work. After all, things like medical appointments often fall during the same hours as a standard workday—just one example of how caregiving responsibilities can impact employers, no matter how conscientious the employees are.

FSA

IRS, SSA Adjust Benefits Thresholds for 2021

Employees will be able to contribute up to $2,750 to a health flexible spending account (FSA) in 2021, the same as in 2020, the Internal Revenue Service (IRS) announced in Revenue Procedure 2020-45. However, changes were made to certain other benefits thresholds and limits.