article thumbnail

Why Financial Wellness Is a Must-Have Employee Benefit

Best Money Moves

Why financial wellness is a must-have employee benefit. Financial wellness programs have emerged as a key employee benefit in the last few years and COVID-19 has only strengthened demand for resources that can help employees deal with their finances. Why Financial Wellness Is a Must-Have Employee Benefit.

article thumbnail

Benefits news you may have missed: Sept. 28-Oct. 2

HRExecutive

Employees don’t open benefits materials : The vast majority of employees don’t educate themselves on their benefit options, according to research from the International Foundation of Employee Benefit Plans. Further adding to the problem? Read more here.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Employee Benefits Success is All About Communication

Best Money Moves

Employee benefits success is all about communication. A third of compensation costs go towards employee benefits and some employees would forgo a raise for better work-life balance or better healthcare benefits, but almost half of employees don’t even understand the benefits their employer already offers.

article thumbnail

The Affordable Care Act, and Why You Can’t Afford to Ignore It [UPDATE]

ACA Times

It affects your employee benefits cost, it can impact your workers’ health (and yours), and it requires your HR and payroll departments to prepare detailed reports that must be filed with the IRS. Let’s back up and take a look at health insurance and why your company provides it as an employee benefit.

article thumbnail

Pet Insurance as a Benefit – Why Your Company Should Consider It

TalentCulture

Fortune Magazine has called pet insurance the “hottest employee benefit” and one survey forecasts that nearly 60% of companies will offer pet insurance by 2018 (Willis Towers Watson 2016). The number of companies offering our pet insurance as a voluntary benefit in 2017 has increased over 134% since 2013.

Company 104
article thumbnail

Mental Health is a Priority for the DOL – United to Pay $15.6 Million After Investigation

Berkshire Associates

Going back until at least 2013, the investigation found that United was reducing reimbursement rates for out of network mental health services. The investigation was led by the Employee Benefits Security Administration. million to affected participants, $2,084,249 in penalties, and take other corrective action.

article thumbnail

The 4 ‘C’s of Employee Benefits Technology

HR Daily Advisor

As employers increase their investment in benefits technology, HR leaders may want to look at workplace benefits and related technology through the prism of the four ‘C’s: Consumerism, Compliance, Cost and Culture. Click here to read more.