Every year, the Society for Human Resource Management (SHRM) conducts a survey of employers to find out the most popular benefits offered. While seventy percent of organizations maintained healthcare benefits at existing levels and the health insurance plan most frequently offered in 2019 — the PPO — was basically unchanged from 2018, there were notable

A new final rule issued by the US Departments of Health and Human Services, Labor, and Treasury recently created two new types of Health Reimbursement Arrangements (HRAs): the individual coverage HRA and the excepted benefit HRA. Available for January 1, 2020, plan start dates, these HRAs may be particularly appealing to smaller businesses. That’s because

While there is no requirement in the Fair Labor Standards Act for severance pay and it’s optional in the vast majority of states, many companies still grant it when they lay off or fire employees for reasons other than issues like conduct. In fact, according to the most recent Severance & Separation Benefits survey by

If you offer a benefits package to your employees, you’re no doubt familiar with ERISA – the Employee Retirement Income Security Act of 1974 – that sets minimum disclosure standards for retirement and health plans. But did you know that violations are common, and the Department of Labor continues to increase penalties for noncompliance? Among

In the continued quest to manage rising healthcare expenses, many employers want more control and freedom in plan designs that can lower their payments. And one way to achieve it is with reference-based pricing. When members receive healthcare under a reference-based pricing plan, the plan pays benefits based on a multiple of the Medicare reimbursement

Should You Go Gray?

According to the U.S. Bureau of Labor Statistics, the labor force participation rate is expected to increase fastest for the oldest segments of the population—most notably, people ages 65 to 74 and 75 and older—through 2024. With this changing composition of the workforce, should your company capitalize on the trend? Here are five reasons you may want

One of the most popular benefits continues to be 401(k) plans. According to the latest SHRM annual employee benefits survey, 93 percent of organizations offer traditional 401(k)s or defined retirement savings plans, up from 90 percent the previous year. But while they’re a sought-after perk for employees, administering the plans can be a challenge for

With small employer health insurance costs expected to rise again this year, interest in new ways to contain the increases continue to grow as well. And one approach that’s gaining popularity among these businesses is self-funding, sometimes referred to as alternative funding. Today, according to the 2018 Kaiser Family Foundation Employer Health Benefits Survey, 13