Employee Benefits Reports

A balanced benefits package can attract and keep valued employees, but the cost of offering benefits can skyrocket if not monitored. In 2017, the Bureau of Labor estimated that the average cost of providing benefits for each employee is $11.38 per hour. However, costs for these packages ultimately depend on factors such as geography, industry,…

America’s workforce is aging rapidly — and it will have an impact on your business. Baby boomers were born between 1944 and 1964 and currently are between 55 to 75 years old. About 10,000 baby boomers are turning 65 every day — a trend that started in 2011 — according to the Society of Human…

Death from an accidental opioid overdose has become one of the top five causes of death in recent years. The United States is experiencing an epidemic of opioid addiction. The National Safety Council released a report that says a person born in 2017 has a greater chance of dying from an accidental opioid overdose than…

Many of the contenders for the Democratic presidential nomination are making expanded health care access part of their campaign. With proposals ranging from eliminating private health insurance to expanding existing public programs, it’s clear that some form of single- payer health care will be a big part of the Democrats’ 2020 policy platform. Single-payer health…

Employer-sponsored dental insurance can play an integral part in your employees’ health. Regular dental exams detect issues before they become big problems. Dentists gain insight into patients’ overall health by looking at the health of the mouth, teeth and gums. In addition, dental problems also can affect overall health. Mouths are full of bacteria. In…

Studies show that millennials are not interested in having a primary care doctor. They are looking to the Internet, urgent care and employers to help with their health care needs. Millennials are the 83 million Americans born from 1981 to 1996 and who are now 23 to 38. The U.S. Census Bureau population projections indicate…

Large employers often have the cash and bargaining power to reduce health care insurance premiums. You only have to look at the joint affordable care partnership between Amazon, Berkshire Hathaway and JP Morgan or look at the individual efforts of Walmart, PepsiCo or General Motors, and you’ll see that large employers are pushing for innovative,…

Your employees will be able to save more money in their 401(k) retirement accounts this year. The big question, though, is should they save the annual maximum? For employer match accounts, the Internal Revenue Service raised the annual contribution cap for 401(k) and defined contribution retirement accounts from $18,500 to $19,000. Defined contribution retirement accounts…

Are you having difficulty finding a good, affordable health care benefit plan for your small business? If so, have you considered using a QSEHRA as an alternative? Congress created the QSEHRA, or Qualified Small Employer Health Reimbursement Arrangement, in 2016 as part of the 21st Century Cures Act. A QSEHRA allows small employers, including nonprofits,…

Mental illness is a growing problem in this country and treatment options are sparse. Fortunately, as an employer, you can take steps to make it easier for your employees to seek help. The National Institute of Mental Health estimates that one in five American adults has suffered from mental illness at some time. According to…