Did you know that the average American spends about $1,200 each year on prescription drugs? Prescription drug prices in the United States rank among the highest across the globe. And with drug prices on the rise, 1 in 4 Americans…
As the COVID-19 pandemic continues to wage on, its effects on benefits planning for next year are being felt—especially as open enrollment season approaches. According to Mercer’s Global Survey #5, 20% of employers surveyed said updating benefits programs to better…
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Employers are required to report the amount of qualified sick and family leave wages paid to employees under the Families First Coronavirus Response Act (FFCRA) on Form W-2, according to guidance from the IRS and the U.S. Treasury Department. The…
Guardian is offering a one-month premium credit or a rate guarantee for new and in-force dental and vision plans. All size groups can take advantage of these great opportunities. Premium Credit Option Existing groups: Applied to the second bill after the group renewal,…
Anthem Blue Cross continues to look for ways to provide support and financial relief to employers and members during the COVID-19 emergency. Anthem is issuing premium credits to their Fully Insured employer groups based on their April 2020 invoices. This…
Problem: Do They Have An Organized Process For Managing Mid-Year Changes? In any given year, an employer is guaranteed to have to process changes due to qualifying life events. Similar to open enrollment, this process can involve forms, changes in…
As the largest group in the workforce, Millennials comprise a large percentage of new hires. Millennials also expect sufficient technology from their employer, because they believe that technology is key to successful performance at work. Additionally, engaging new employees is…
Problem: Are You Tracking Enrollment Progress? Tracking enrollment progress can be a tedious, error-prone process. Many employers rely on a quarterly wage and tax report or their own Excel spreadsheet to track down employees that have incomplete or missing enrollment…
Paperwork is complicated, especially in the context of benefits. When it’s time for enrollment, an employer must determine which employee is eligible for which plans, and distribute the proper forms. Then, the employee has to complete, sign, and submit…