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Posts Tagged ‘workplace’

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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You think your health insurance costs too much. Try being a farmer.

Wednesday, October 11th, 2017

Crains Chicago Business reports:

“John Kiefner, who farms 500 acres of hay in exurban Will County, has had health insurance from five companies in the past four years. One of them wouldn’t allow his wife and him to visit any of their own doctors. Another wouldn’t cover visits to the nearest hospital because it was out of network. All of them kept raising his premiums by 20 percent and more annually.

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U.S. Businesses Pay About $6,000 Extra For Workers Who Smoke

Thursday, June 20th, 2013

Insurance News Net reports:

“U.S. businesses pay $6,000 per year extra for each employee who smokes compared with someone who has never smoked cigarettes, researchers say.

Lead author Micah Berman, an assistant professor of health services management and policy in the Ohio State University College of Public Health and Moritz College of Law who began the research while on the law faculty ofCapital University in Columbus, said the team analyzed the cost of absenteeism, lost productivity, smoke breaks and healthcare costs of employees who smoked.

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Implementing Health Reform: Small Business Health Insurance Marketplace

Monday, June 17th, 2013

Health Affairs reports:

“On May 31, 2013, the Department of Health and Human Services released a final rule amending its earlier regulations governing the Small Business Health Options Program (SHOP).  The implementing agencies published a spate of proposed rules and amendments in late 2012 and early 2013, and are now beginning to finalize these, including the workplace wellness rule released on May 29 and the SHOP final rule released on May 31.  HHS also released simplified forms for employers  and employees to use to apply for SHOP coverage.

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Workplace Voluntary Benefits

Monday, May 13th, 2013

In a time of turmoil in the insurance industry, one area remains untouched by the affordable care act, Workplace Voluntary benefits. Employers can offer to them attract and keep a quality workforce, and we see this as a new opportunity to help employers differentiate their benefit package with coverage for:
(click for videos)

The video below from Humana illustrates how voluntary benefits allow employees to pick and choose the benefits which are best for them and their families.

Other great reasons of offering Workplace Voluntary Benefits (WVB) are:

  • It does not cost a business owner anything to make WVB available. The policies are completely voluntary and paid for 100% by the employees.
  • WVB policies are affordable, with plans to fit most budgets.
  • Most WVB policies can be offered on a pre-tax basis, potentially providing tax savings to the employer and employees.

How does WVB help my employees?

  1. If your employee gets hurt or sick and can’t work, what money do they have coming in? These policies provide cash benefits directly to your employees, unless otherwise assigned, in their greatest time of need. If your employee has a covered injury or illness, these policies pay cash benefits they can use to help with out-of-pocket medical expenses of everyday living expenses such as mortgage or rent payments, groceries, or utilities.
  2. The benefits could help cover some of the lost wages if your employee has to take time off work to take care of a covered family member if they get sick or hurt.

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