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Its never too late for a broker to add another selling tool to their arsenal, and handwritten thank you notes can help increase the number of appointments, which can lead to more sales. Heres what EBA readers had to say on this tactic, as well as other reactions to this weeks news.
Large and small brokerages show some key differences in technology use and spending plans, according to EBAs second annual technology survey, but most all are holding steady on tech investments.
A stellar communication strategy not only increases participation during open enrollment, but may even boost job satisfaction and increase employee loyalty. Open enrollment is stressful for benefits pros but it doesnt have to be. Jay Starkman, CEO of Engage PEO and Dorothy Miraglia-King, executive vice president of Engage Insurance, offer these five tips to help employers better communicate during open enrollment.
Financial stress can play a big role in how productive employees are at work. Less than half (39%) of Americans say their financial well-being is thriving, according to the 2014 Financial Well-Being State Rankings report, released today from Gallup and Healthways. Here are the 10 states with the highest financial well-being scores.
From the use of minimum essential coverage plans to the CO-OP model to the Cadillac tax, EBA readers share their views on a variety of topics that were in the news this week.
Multinational organizations are all competing for top-notch employees, and benefit packages are one way for companies to attract and retain talent. Here are the top five benefits offered globally, according to new research from Thomsons Online Benefits.
Employers offering on-site fitness classes are providing an excellent way to improve employee health by infusing movement into sedentary office lifestyles. Ann Wyatt, regional vice president with HealthFitness and presenter at EBNs recent Benefits Forum and Expo, shares these specialty exercise classes that are becoming more popular with todays employees.
When considering whether or not to implement a new technology, brokers should always weigh the pros and cons of that decision. Prior to deciding to leverage a benefits marketplace platform, here are nine questions brokers should ask themselves, according to Mike Baker, senior vice president and general manager of commercial products at hCentive.
The employer excise tax on high-cost health plans, commonly called the Cadillac tax, is set to take effect in 2018. That may seem three years away, but in reality, employers have one year left to implement changes. Since plan offerings for 2016 are pretty well cemented now for most large employers, and with the 2017 planning season right around the corner, now is the time for employers to execute on strategies to avoid the tax, says Don Garlitz, senior vice president, bswift. So what changes are employers likely to consider?
Whether theyre used to decrease health care costs or increase productivity and engagement, wellness programs are becoming an increasingly important aspect of employers benefits strategies. Speaking at EBNs annual Benefits Forum & Expo in Orlando, Fla., Ann Wyatt, regional vice president with HealthFitness and Kimberly Shotwell, health & wellness services efficiency manager at Mars, Inc., shared ways employers can help create an engaging and successful wellness program.
The Private Benefit Exchange Index rose more last month than it has in any of the three previous months Employee Benefit News and Employee Benefit Adviser have been tracking the growth of the online marketplaces.
As employers prepare their health benefit packages for 2016, they must be up-to-date with current ACA and other developments that impact health plans. Here are the top 10 compliance-related issues employers should address during their planning, according to Mercer.
Almost all employers are experiencing rising costs and pressure to move to higher deductible health plans. Wanting another route, Envision Healthcare undertook an eight-month process to decide which private benefit exchange was right for them. Don King, Envisions VP of compliance and benefits, shared questions all employers should consider when deciding to move to an exchange at EBAs Workplace Benefits Summit in Orlando.
While private exchanges are no longer new, they are still in their infancy, and have not seen the adoption rate that many predicted. One reason for the low implementation rate may be the many questions that remain unanswered, says Dan Gowen, senior vice president and an employee benefits national practice leader for Wells Fargo Insurance Services USA, Inc. Here are the top five questions employers are asking:
Based on employee reviews, the online career site Glassdoor released its annual report Top 25 Companies for Compensation & Benefits, providing benefit advisers and employers insight into what forms of pay and perks employees value most.
With companies such as Adobe and Nestle making recent headlines for expanding their paid parental leave programs, these benefits appear to be gaining traction as an important recruiting and retention tool. Here is the average number of paid weeks off new parents receive at the top 10 companies on Working Mothers annual list of best companies.
Health plan premiums continue to rise and employers are concerned with the approaching Cadillac tax. The following data from the Kaiser Family Foundation/Health Research & Educational Trust 2015 Employer Health Benefits Survey sheds some light on just how much employers and employees are paying for health care.
Benefit advisers, employers and other industry insiders fear merger and acquisition activity in the health insurance industry is eroding market competition, a trend that could lead to increased premiums for employers and individuals. Recent research from the American Medical Association identified the top 10 states with the least competitive HMO markets.
Merger and acquisition activity in the health insurance industry threatens to further erode market competition, which many benefit insiders feel is already dismal. Recent research from the American Medical Association identified the top 10 states that have experienced the biggest drop in competition levels between 2010 and 2013.
Zenefits was back in the news this week with the announcement of its free ACA compliance tool. EBA readers comment on the impact this will have on brokers, as well as the impending Cadillac tax.