Healthcare

Graduate students at the country’s leading business schools prefer opportunity for advancement within an organization over financial incentives when evaluating career destinations, according to a Deloitte survey conducted at the fifth annual National MBA Human Capital Case Competition.

As employee benefit budgets remain tight, employers are adopting plan design changes that reduce drug benefit coverage and improve pricing, according to the Pharmacy Benefit Management Institute.

Open enrollment for benefits ends today at the University of Illinois at Chicago, and Jason Rothstein, 40, has just finished all the needed paperwork. Once again, his health insurance premiums will go up - about 5 to 6% in 2012. And, as an employee with earnings in the $61,000 to $76,000 range, he'll pay more for his insurance than colleagues at a lower salary level.

Gen Y wants to get personal — at least when it comes to their benefits. Although employees rely on the workplace as their number one source of benefits information, new research shows Gen Y is much more likely than other workers to rely on family members and friends for this information.

Just as HR/benefits professionals have evolved over the last 20 years from personnel to HR to strategic partner, diversity and inclusion also has experienced an evolution over the last two decades.

While many employees obtain benefits information from their employers, another source of information, at least for Gen Y (ages 18 to 34), is family members and friends, according to survey results from Colonial Life.

The long term care market continues to be in turmoil for group benefits and voluntary producers. You probably noticed the federal government couldn’t figure it out and has punted as of a recent announcement by HHS Secretary Kathleen Sebelius. “Health officials said that after 19 months of analysis, they could not come up with a model for the so-called CLASS Act that keeps it voluntary and budget-neutral.” …

Everyday services that help strike a better work-life balance have become an increasingly valuable part of the benefits package - even if employees are the ones who pick up the tab. But what is the best way to deliver this assistance to the workplace to ensure satisfaction and boost program utilization?

We know that HR directors, benefits managers and C-suite executives are horribly frustrated with employee benefits - not simply with the high cost of the medical, but perhaps most with their lack of control over the process.

You now have a strong advocate, retirement advisers. Read in the November issue of EBA as contributor Fred Barstein talks about the recent launch of the National Association of Plan Advisors, a sister organization of the ASPPA.