Employers are facing the tough decisions of paying more for health coverage, passing additional costs along to employees, or eliminating coverage all together. One way a business can efficiently fund health benefits is by self-funding. By assuming part or all of the risk of employees’ health care costs, employers stand to achieve savings of 5-15% from self-insuring. Spring's latest white paper “Self-Funding and the Management of Risk,” discusses the benefits, considerations and details of self-funding employee health insurance.
States and large cities can more simply establish their own retirement programs for private-sector workers under new rules, which are aimed at expanding the number of Americans with access to tax-advantaged savings accounts.
What would a third-party White House administration have in store for employers? Here’s what Jill Stein, Gary Johnson and Darrell Castle say about minimum wage, healthcare and overtime and leave policies.
The upcoming change to salary requirements to the overtime exemptions under the FLSA has garnered a lot of attention. However, even with a strong emphasis on the changes to the salary requirement, employers should not lose focus on the duties portion of the test.
After the challenges of 2015 ACA reporting, large employers (those with 1000+ employees) now recognize the value of having an automated ACA solution to streamline ACA compliance and reporting. Clearly, not all ACA solutions are created equal. This white paper offers guidelines to help employers evaluate and select the right ACA partner and technology for their organization.