Healthcare in the Spotlight The pandemic has brought common healthcare plan issues into the spotlight. Inadvertently, it has created an opportunity for forward thinking employers to reevaluate their plan design and improve things like the absence of mental health support, ‘ineffective deductibles’, limited employee choices or a ‘lack of transparency that leads to waste.’ Allowing…
Tag: employee benefits
Understanding Your Health Benefits
A Brief History Already under scrutiny, when the Studebaker Car Manufacturing company closed and couldn’t fulfill its pension promises to its thousands of employees during the 1960s, the event was a catalyst for citizens and politicians alike to demand pension reform. Enacted and signed into law by President Ford on Labor Day 1974, the Employee…
Health Savings Accounts (HSA) Are Still A Good Choice For Small Business
HSAs or Health Savings Accounts are a great way for small businesses to provide benefits for their employees. They are probably one of the less utilized solutions in the marketplace today even though they’ve been in effect for 10 years. The IRS may allow for employee, employee family members and employer to ‘make tax-deductible contributions’…
Employees weigh their health insurance options.
Health Insurance Instability Given the insurance market’s current climate of instability, employees are carefully weighing their options and many are re-considering the advantages of small group health benefits. In the Pacific Northwest where wage restrictions can hamper recruitment and retention, employers providing health insurance for their employees most certainly have an advantage over their competition…