The current economic turbulence and uncertainty, caused in large part by the business reaction to COVID-19, has forced employers to rethink how they manage benefits for workers who suffer job loss (including—aside from termination of employment—layoffs, temporary furloughs, and leaves of absence). One of the key benefits (other than cash) provided to employees who suffer […]
After years of remaining buried beneath red tape, a federal mandate issued in late 2020 seeks to, at last, bring U.S. healthcare costs into the light of day. Published jointly by three federal agencies, the final Transparency in Coverage Rule aims to allow Americans to more accurately predict their healthcare costs by helping them find […]
The short-term financial impact of COVID-19 has been swift and damaging to many Americans. While we can’t yet calculate the long-term impact, early indications present a serious financial strain on future retirees’ retirement. We know that COVID-19 has increased the retirement gap, and new data from Kiplinger show the extent of this impact: 60% of […]
For many, January is a time for new beginnings, to create plans for new accomplishments, or to get back on track toward reaching existing goals. And one of the top five New Year’s resolutions—after losing weight, of course—is saving money. January is also the start of a new healthcare plan year for many employees, presenting […]
There’s no doubt that 2020 was a challenging year. As with other industries, we dealt with ensuring the continued health and safety of our employees and providing the ongoing service and support our customers have come to expect and appreciate during the COVID-19 pandemic. But, 2020 also gave Human Resources professionals a great opportunity to […]
Flexible spending accounts (FSAs) and health savings accounts (HSAs) are important tools for the more than 70 million people who currently use these accounts to pay for out-of-pocket healthcare expenses or save for healthcare needs in retirement, all while reducing taxable income.
Most thought COVID-19 would be a short-term crisis. Remember that the U.S. Centers for Disease Control and Prevention’s (CDC) early slogan was “15 days to slow the spread”? The consensus solution was to wash our hands, keep socially distant, and shut down the country for a couple of months.
As we head into November, new data released by iCIMS reveal that Q3 hiring levels have returned to what they were before the start of the pandemic. And according to Monster’s October Hiring Report, many jobseekers are looking to work in seasonal positions.
For most of 2020, employers and employees alike have been focused on health, health care, and healthcare coverage. And while these topics will still be very much top of mind this enrollment season, employers have a unique opportunity to shift the focus to their employees themselves.
Fall is here and many employers are getting anxious about flu season. With COVID-19 still unchecked, they could soon find themselves in the position of battling staffing challenges and employee health issues from two dueling infections.