Don’t Let Technology Take the “Human” out of Human Resources

By |November 19th, 2018|Categories: Employee Benefits|

These days, everywhere we turn, we are inundated with opportunities to automate our lives.  The employee benefits arena is no different. Employees have access to enrollment tools that can provide an overview of their insurance [...]

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Make Sure that You Are Compliant during Open Enrollment

By |November 14th, 2018|Categories: Employee Benefits|

During this time of the year, many employers are renewing their benefits plans and undergoing open enrollment, which allows employees to make changes to their benefit elections. There are several moving pieces handled at the [...]

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Can Small Businesses Remain Competitive with their Benefit Offerings?

By |November 1st, 2018|Categories: Employee Benefits|

Small businesses have always struggled to offer as robust of a benefits package as large companies for a variety of reasons including cost, complex administration, and compliance concerns. In today’s tight job market, companies are [...]

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Retirement Plan Fees: Small Percentages Can Have Big Impacts

By |October 23rd, 2018|Categories: Employee Benefits|

Retirement plans such as a 401(k) or 403(b) have an investment component,  making them complex to maintain and administer.  Employers offering a retirement plan as part of their employee benefit program engage various partners to help [...]

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Health Insurance: A Crucial Safety Net

By |October 11th, 2018|Categories: Employee Benefits|

Health insurance is expensive … but, not having it can be catastrophic, both financially and physically. Group health insurance premium costs have steadily risen year to year for both employers and employees.  However, by paying [...]

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Pharmacogenomics—An Opportunity to Leverage Genomics in an Era of Escalating Pharmacy Costs?

By |October 5th, 2018|Categories: Health Management|

This is part 2 of a 3 part series on how employers can leverage genomics for healthcare cost control and more. In recent years healthcare costs specific to pharmacy have peaked and appear to be [...]

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A Review of Change in Status Rules for Flexible Spending Accounts

By |September 21st, 2018|Categories: Employee Benefits|

As we head into the popular open enrollment season for so many benefit plans, it is important for employers to have a strong understanding of when employee election changes are allowed under the IRS rules [...]

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New Trends in Leave Policies

By |September 19th, 2018|Categories: Employee Benefits|

There has been a recent push for employers to consider offering paid bereavement leave. While most employers do acknowledge the need for time off to mourn the loss of a family member, currently, there are [...]

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Expect Another Look at Single-Payer After the Midterm Elections

By |September 11th, 2018|Categories: Healthcare Reform|

What is a single-payer system? At its core, single-payer is a system in which all Americans are insured by the federal government. The government, by collecting taxes, pays providers on behalf of citizens, and the citizens [...]

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What to Expect with the End of the Individual Mandate

By |September 6th, 2018|Categories: Compliance|

The Patient Protection and Affordable Care Act (PPACA) created a tax penalty for individuals who do not have qualifying medical coverage as specified under the law. Many people felt the government was forcing people to [...]

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Could HSAs be getting a Make-Over?

By |August 31st, 2018|Categories: Employee Benefits|

If you have ever been enrolled in a high deductible health plan (HDHP) with a health savings account (HSA), you certainly know there are many rules to follow. Congress is working on two bills that [...]

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Changes to the PPACA Marketplace coming in 2019

By |August 27th, 2018|Categories: Employee Benefits|

The largest insurer in the individual marketplace, Blue Cross and Blue Shield of North Carolina (BCBSNC) recently announced rate and plan design changes for 2019. After years of double digit rate increases, members will be [...]

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Amazon Enters the Pharmacy Market

By |August 22nd, 2018|Categories: Employee Benefits|

On June 28th, Amazon announced that they signed an agreement to buy PillPack, an online pharmacy that was started in 2013. PillPack provides prepackaged doses of multiple medications labeled by date and time, coordinate refills, [...]

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How competitive are your Benefits?

By |August 13th, 2018|Categories: Employee Benefits|

Have you enhanced your employee benefits lately? If not, you may be getting left behind. Employers are looking for ways to attract and retain employees.  In fact, according to a recent 2018 Society for Human [...]

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Will your Drug Costs drop in 2019?

By |August 7th, 2018|Categories: Employee Benefits|

Rising cost of prescription drugs has continued to make the national news and has become the subject of multiple congressional hearings. Consequently, many drug manufactures and insurance companies are slowing the rates of cost increase [...]

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Future Forecast: Medical Trend Predictions for 2019

By |August 1st, 2018|Categories: Employee Benefits|

PwC released their annual report on Medical cost trend “Behind the numbers 2019.” Highlighted below are the factors that are inflating and deflating trends. Trend Inflators Increased Access to Care To access medical care today, [...]

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Is Genomics or Precision Medicine a Solution for your Organization? – Part 1: Leveraging the Future for High Cost Claims

By |July 25th, 2018|Categories: Health Management|

PART 1:  Leveraging the Future for High Cost Claims This is part 1 of a 3 part series on how employers can leverage genomics for healthcare cost control and more. Some time ago, a colleague [...]

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Employee Classification in a Gig Economy

By |July 20th, 2018|Categories: Employee Benefits|

If a worker is incorrectly classified as an independent contractor and is not offered health and welfare benefits, the company is liable and has to repay benefits back to the date they would have been [...]

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Amazon-Berkshire-JPMorgan Health Venture Takes Aim at Middlemen

By |July 16th, 2018|Categories: Employee Benefits|

Earlier this year, Amazon, Berkshire Hathaway, and JP Morgan Chase announced that they were forming a joint venture designed to lower the cost of healthcare for their employees. Like many corporations, these companies are facing [...]

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How Low Unemployment May Be Impacting Your Company

By |June 25th, 2018|Categories: Employee Benefits|

Unemployment has recently hit an all-time low falling below 4%. While this is great news, an unemployment rate this low also significantly shrinks a candidate pool. So what are companies doing to attract employees in [...]

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