More 401 (K) Participants Seeking Professional Help

Although most workers accept responsibility for financing their retirement and rely primarily on their 401(k) plans to get them there, many workers aren’t sure that they can manage the 401k plans effectively, according to a Schwab Retirement Plan Services nationwide survey with more than 1,000 participants. Nearly nine in ten participants (89%) believe they’ll be… Read more »

Distinctions Between Responsibility To Versus Responsibility For

Here’s a newsflash: Management is responsible to employees, but not for employees. The whole notion that we’re somehow responsible for employees came out of the control and domination era of the manufacturing age. ” Just do what we tell you to do, don’t think yourself, follow our agenda until you’re 65, and we’ll take care… Read more »

Employee Benefits Liability Insurance, Anyone?

Because you offer your employees insurance-related benefits, failure to administer these programs properly can leave you vulnerable to litigation. Let’s say a new employee signs up for the company health plan, but isn’t enrolled due to a clerical error by the HR department. A month later, after the employee suffers a serious illness and learns… Read more »

Employers Eye Wellness Program Disincentives

Although disincentives are playing a greater role alongside incentives in employee wellness plans, it makes sense to use this approach with caution. A recent nationwide study by Aon Hewitt found that, 83% of businesses surveyed offer incentives with their wellness plans, while 53% plan to add “sticks” to their programs within the next three to… Read more »

Report Spotlights Worker Concern For Critical Illness Costs

A nationwide survey by Sun Life Financial, based on responses from more than 4,000 employees found that many workers fear the financial impact of a critical illness – especially cancer – even more than death. According to the study, “Well-Placed Fears: Workers’ Perceptions of Critical Illness,” these concerns may result from growing out-of-pocket health care… Read more »

New Wellness Program Rules Create Hurdles For Employers

A recent expansion of nondiscrimination rules for workplace wellness programs could curb the ability of businesses to use incentives for improving employee health care outcomes. Last May, the Department of Health and Human Services (HHS) set final regulations under the Patient Protection and Affordable Care act that broaden protections for employees who are medically or… Read more »

End-Of-Life Programs: Death Happens

Death will come to all of us – including your workers. At this emotional and stressful time, voluntary end-of-life products can help provide invaluable financial and medical comfort to those who your employees have left behind. In offering them these benefits, it’s essential to show sensitivity and concern for their needs. Benefits such as Hospice… Read more »

Work-Life Flexibility Plans Give Employees Key Role

Benefits experts have usually focused on the role of management in implementing programs that improve employees’ flexibility in balancing their life and work. However, researchers are now calling on workers to take the primary responsibility for a creating more flexible daily life by making small, shifts in their everyday behavior. For example, a survey by… Read more »

More Employees Using Benefits To Care For Children And Parents

An increasing number of employees in the “Sandwich Generation” are looking for benefits to help them manage the demands of caring for parents and children alike. A recent nationwide survey by the Pew Research Center found that nearly half of respondents in their 40s and 50s have a living parent and are either raising a young child… Read more »

Vision And Dental Care Benefit You – And Your Employees

Voluntary Vision and Dental insurance is becoming increasingly popular among mid-sized companies as a way to bolster their employee benefits programs. Since passage of the Affordable Care Act in 2010, benefit providers have been adding Vision and Dental care, giving mid-market companies a variety of choices among competitively priced plans that can help attract and… Read more »