HOT TAKES. ONE PLACE.
There's a LOT to know about insurance. So, whether you've got a specific question or just want the 411 on what we do, click around on the articles below.
Understanding the Importance of Disability Insurance
One in 4 working adults will become disabled before reaching retirement age, according to data from the Social Security Administration (SSA). Unfortunately, many workers are unprepared to lose their income or unable to afford unexpected medical expenses.
Senate Votes to End COVID-19 National Emergency Declaration Early
On March 29, 2023, the U.S. Senate passed a resolution that would end the COVID-19 national emergency declaration that has been in place since 2020. The U.S. House of Representatives voted in February to terminate the order, and President Joe Biden has indicated that he will sign the bill despite strongly opposing it.
Supreme Court Cases That May Impact Employers in 2023
During its 2022-2023 term, the U.S. Supreme Court will hear and decide several cases that could have a significant influence on the workplace. Even though labor and employment laws and regulations change every year, the current Supreme Court term will likely have a greater impact on employers than previous terms.
Hidden Perks Offered by Your Health Plan
Health insurance provides coverage for the health care services you need, such as preventive care and annual checkups. Yet, your health insurance may have more to offer than you think. For example, many health insurance carriers provide benefits that incentivize healthy lifestyles.
Report: Managers Impact Employee Mental Health More Than Doctors, Therapists
A new report from The Workforce Institute at UKG revealed that managers impact employee mental health more than doctors and therapists. The study conducted for the report surveyed 3,400 people in 10 countries, including the United States, to explore mental health in and outside work.
The Case for Revisiting Aggregate Stop-loss Insurance
A growing number of employers are currently experiencing a rise in catastrophic health claims, largely due to medical and pharmaceutical advances (e.g., specialty drugs and cell and gene therapies). In the past, employers have expanded cost-sharing methods to reign in rising health expenses, such as offering high deductible health plans, but today’s employers are hesitant to shift costs onto employees amid the tight labor market.
5 Employment Policies to Review in 2023
Employee handbooks are important tools for establishing employee expectations, addressing workplace issues and defending against potential lawsuits. Failing to update employee handbooks regularly can make employers vulnerable to legal risks and liabilities, resulting in costly fines, penalties and attorneys’ fees. Employment laws are often complicated, and employers need to be aware of any new regulatory developments that may impact their organizations and workforce.
What You Should Know About Medicare Enrollment
Medicare is health care coverage for those age 65 and older. It’s important to understand Medicare enrollment and coverage options to avoid penalties down the road. Whether you’re reaching the age of 65 or you’re older and switching from your workplace insurance to Medicare, it’s important to know how to navigate enrollment.
Job Openings Fell to 10.8 Million in January
The U.S. Bureau of Labor Statistics (BLS) recently released its January Job Openings and Labor Turnover Summary. This month’s report showed the number of job openings decreased from an upwardly revised 11.2 million in December to 10.8 million in January, representing a 410,000 decline from last month. The job openings rate also dropped from 6.7% in December to 6.5% in January.
Building an Employee Value Proposition to Attract and Retain Employees
An employee value proposition (EVP) is the unique set of benefits employees receive in return for the skills, capabilities and experiences they bring to an organization. While an EVP includes common factors such as compensation, benefits and career opportunities, it also expands to all the value an employee can receive in exchange for their work.
Minimum PTO Policies
Many employees do not use their allotted paid time off (PTO) despite their employers’ vacation and other leave policies. As a result, some employers are implementing minimum PTO policies to address this challenge. This emerging trend takes standard PTO policies one step further by mandating that employees take off a minimum number of days each year.
Determining Whether to Offer Multiple Health Plan Options
Alongside compensation, health care coverage is often seen as one of the most important benefits a job can offer. And the larger the variety of options available to employees, the more likely they are to find an option that best suits their needs. This is good for employers because employees are more likely to stay at their organizations when they feel their needs are being met.
Poll: Americans Are Largely Confused About the Legality of Abortion and Emergency Contraceptive Pills
The latest Kaiser Family Foundation (KFF) Health Tracking Poll revealed there is widespread public confusion about the legality of medication abortion drugs and emergency contraceptive pills. The U.S. Supreme Court’s decision to overturn Roe v. Wade—eliminating the constitutional right to abortion— happened more than six months ago, but Americans are still confused about what is legal in their state and how emergency contraceptive pills work.
Skills-based Hiring
Nearly two decades ago, more employers started requiring college degrees for positions that previously did not require one, even though the duties and responsibilities for those jobs did not change. Advancements in technology changed the nature of many positions. While the competencies required to perform those jobs also changed, many job titles did not.
U.S. Faces Shortage of Mental Health Professionals
The COVID-19 pandemic worsened underlying mental health issues for many Americans. However, mental health care and treatment barriers have existed for some time. One of the most significant barriers is the lack of mental health professionals. Experts predict that within the next year, the United States will be short between 14,280 and 31,109 mental health professionals.
6 Cost-cutting Tips for Small Businesses
Employers of all sizes are currently searching for ways to reduce expenses and save money in response to the current economic downturn and ongoing labor challenges. Instead of cutting costs randomly or conducting unnecessary layoffs, successful organizations tend to optimize their resources.
Considerations for Using ChatGPT and Other AI Tools in the Workplace
The significance of AI technology for employers cannot be understated, as it could change almost every aspect of how organizations operate and conduct business. Many employers, especially larger ones, have been using this technology for years; however, ChatGPT is not only making this technology readily available to employers of all sizes but also more accepted than in the past.
Understanding the Importance of Disability Benefits
Over the last few years, employers have been expanding their voluntary benefits offerings as a way to address their employees’ needs and improve overall attraction and retention efforts. While voluntary benefits have become increasingly important to employees as they deal with challenges and increased financial pressures due to record-high inflation and the lingering impacts of the COVID-19 pandemic, knowing what benefits to offer can be difficult.
Original Medicare vs. Medicare Advantage
While most Americans have heard of Medicare as one of many health care coverage options, they may not know how it differs from other privately offered options, such as Medicare Advantage. This article explains the differences between Original Medicare and Medicare Advantage, including the various doctors one can seek care from, the differences in cost and the range of coverage between plans.
Humana to Exit Employer Group Commercial Medical Products Business
On Feb. 23, Humana announced its plan to exit the employer-based insurance business over the next 18 to 24 months. The company will instead focus on government-funded programs—such as Medicare, Medicaid and military—and specialty businesses.