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Posts Tagged ‘human resources’

Should companies begin offering student-loan help to employees?

Monday, May 20th, 2019

Prairie Business reports:

“Yes! Student loan debt is one of the most difficult financial issues facing new grads. Rising costs of tuition/education can make it hard for new grads to get a start in life – whether it be buying their first home, purchasing a new vehicle or affording other key items or investments.

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How much more will health care cost your company in 2018?

Friday, August 18th, 2017

Crain’s Chicago Business reports:

“Around this time of year, many human resources executives and brokers are putting the finishing touches on health insurance plans they’ll offer to employees in the fall. They face tough questions: Will rising costs be swallowed by the company? Or will the bitter pill be passed down to employees?

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U.S. government unveils goal to move Medicare away from fee-for-service

Tuesday, February 10th, 2015

Yahoo News reports:

“The Obama administration on Monday unveiled an ambitious plan to control health costs by moving the $2.9 trillion U.S. health systems away from costly fee-for-service medicine, beginning with the Medicare program for the elderly and disabled.

By the end of 2018, Health and Human Services Secretary Sylvia Burwell told reporters that 50 percent of traditional Medicare’s $362 billion in annual payments would go to doctors, hospitals and other providers that participate in alternative payment models which emphasize cost containment and quality of care.

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Why your 2015 health coverage will cost more

Wednesday, September 10th, 2014

Crain’s Chicago Business reports:

“A year after the nation embarked on the experiment in health care called Obamacare, rising drug prices threaten to jack up costs for employees and employers alike in 2015.

Health care plans spend the most on drugs for common chronic ailments such as diabetes, high blood pressure and high cholesterol. As those conditions become more prevalent, growing demand is enabling pharmaceutical companies to boost prices at rates well beyond overall inflation. For example, spending by health plans in the U.S. on Lantus, a long-acting form of insulin made by Sanofi SA, rocketed 27 percent in 2013, according to , a pharmacy benefits manager in St. Louis.

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Businesses re-evaluate spousal coverage

Tuesday, July 1st, 2014

Benefits Pro reports:

“When United Parcel Service (UPS) announced a major change in spousal insurance coverage, it was the shot heard ’round the benefits world.

“I have been talking about working spouses with access to their own health insurance for more than 10 years,” says Scott Snow, president of S.M. Snow & Associates Inc. in Berlin, Mass. “I was ahead of my time, and now it’s catching up with me. It’s a hot topic.”

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Are employers that don’t provide health insurance required to send exchange notices?

Friday, July 12th, 2013
Issue: Your company does not offer health insurance coverage. Does it need to provide notice to employees about the health insurance exchanges created under the health reform law?
Answer: If your company is covered by the Fair Labor Standards Act (FLSA), it does. The Patient Protection and Affordable Care Act (ACA) requires employers subject to the FLSA to produce and distribute notices to employees about the health insurance exchanges (also known as marketplaces).

These notices were originally required to be distributed by March 1, 2013. But in January 2013, the Department of Labor (DOL) delayed this requirement until it had time to issue further guidance. On May 8, 2013, the DOL issued Technical Release 2013-02, which specifies that the notices now must be provided by October 1, 2013. That is the date that open enrollment begins for the exchanges, which become effective in January 2014.

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