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Benefits can play an important role in retaining quality employees, but if workers arent being managed well then good benefits might not make a big difference. Travis Bradberry, president of TalentSmart and co-author of Emotional Intelligence 2.0, shares some avoidable things managers may be doing that are pushing top talent out the door.
As open enrollment approaches, benefits professionals are feverishly working to ensure everything runs smoothly. These tips from industry experts will help benefits pros keep their stress levels in check and avoid benefits burnout during this very busy time of year.
During his time in the White House, former President Jimmy Carter, who died XXXX, made the creation of a comprehensive program of national health insurance a top priority. In 1979, he proposed to Congress a National Health Plan. His plan never passed, but many of the plan's proposals have been enacted in some form or another by succeeding administrations, including in Obamas Affordable Care Act.
Employers are using a variety of solutions, such as telemedicine, narrow network plans and online enrollment to contain rising health care costs and each tactic has increased in popularity in the past year, according to Arthur J. Gallagher & Co.s 2015 benefits strategy and benchmarking survey.
The U.S. had a $968 billion shortfall in 2013 up $54 billion from the prior year between the pension benefits that were promised to employees and what was actually saved to make those payments, according to a recent report by Pew Charitable Trusts. Here are the states with the worst-funded pension programs.
Brokers played a key role in helping individuals enroll in health care coverage on the marketplaces under the ACA 60% of brokers helped up to 50 consumers during the 2015 open enrollment period, and 20% helped more than 100, according to the 2015 Kaiser Foundation Survey of Health Insurance Marketplace Assister Programs and Brokers. However, brokers reported that selling individual policies is more time consuming and less profitable since the ACA was implemented. Here are some other broker-related findings from the survey.
The U.S. had a $968 billion shortfall in 2013 up $54 billion from the prior year between the pension benefits that were promised to employees and what was actually saved to make those payments, according to a recent report by Pew Charitable Trusts. Here are the states with the best-funded pension programs.
One way brokers are keeping their revenue numbers up is by selling ancillary products. A major avenue to selling ancillary is through an exchange, where consumer decision support tools point consumers toward these products. James Drew, president of Ancilyze, shares five ways to increase these sales.
Do private exchanges bend the cost curve? How does Scott Walkers health care plan compare to the ACA? What impact will the BIC exemption have? EBA readers share their thoughts on this weeks industry news.
Brokers, employers, consultants and service providers are all sometimes guilty (knowingly or unknowingly) of bad behavior when it comes to dealing with each other. Here are six common scenarios and suggestions for ways to improve your working relationships with providers and clients from Rhonda Marcucci, CPA, partner and consultant with Gruppo Marcucci, an HR and benefits administration technology and outsourcing consulting firm.
From wrongly issued subsidies to the Cadillac tax to the DOL fiduciary hearings, its been a busy week for the insurance industry. Heres what EBA readers had to say about these topics.
After four days, nearly 40 hours of testimony and more than 70 speakers, the Labor Department has wrapped up the latest phase in its effort to craft and implement a new fiduciary rule governing retirement advice in America. Here are the sharpest critiques and key takeaways from the hearings.
Communication is the leading factor in the failure or success of dependent eligibility audits, ranking higher than pricing, service, or any other of the bells and whistles that are promised by vendors, research notes. Paul Passantino, senior national account manager at Dependent Specialists Inc., provides 10 questions benefit managers should consider when crafting a communications strategy for dependent eligibility verification audits.
The IRS has issued a new glimpse at compliance with the ACAs Cadillac tax and a well-discussed EBA article asked advisers to ponder which of three broker models will survive? Heres what EBA readers had to say.
The DOL has reiterated its intent to actively seek out health and welfare plans across the country for audit. Employers and their benefit advisers should review plans for compliance, paying close attention to these areas flagged recently by the DOL as points of interest.
Excluding health insurance premium, these ancillary benefit carriers are the top companies experiencing positive year over year growth with more than $500 million in large-group revenue. EBA, in partnership with business intelligence data analytics firm miEdge, reveals in ascending order these fastest-growing companies. The listing is based on Form 5500 Schedule A reporting data on revenues coming from premiums as of June 30, 2015.
Benefit marketplaces continue to gain popularity, and brokers need to understand and embrace how technology-enabled shopping and enrollment platforms can fit into their current and future business strategies. Here are five reasons a benefits marketplace can enhance brokers business, according to technology solutions provider hCentive.
Excluding health insurance premium, these ancillary benefit carriers are the top companies experiencing positive year over year growth between $100 and $500 million in large-group revenue. EBA, in partnership with business intelligence data analytics firm miEdge, reveals in ascending order these fastest-growing companies. The listing is based on Form 5500 Schedule A reporting data on revenues coming from premiums as of June 30, 2015.
Advisers and their employer clients have a false sense of calm about the Affordable Care Act in 2015, because nobody has been penalized yet under the employer shared responsibility rule, says Kaya Bromley, an attorney with Your Obamacare Advisors. Next year could change that, she adds. Here are 10 of her top ACA predictions for 2016.
Teleworking: Its a popular benefit among millennials and a leading benefit in attracting top talent. But flexible work arrangements can be challenging to implement for both employers and employees. Here are five ways to ensure you get the best out of your remote workforce.