Group Benefits

How to Finally Say “NO” to Group Benefits Cost Shifting

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During a time of political polarization, it’s hard to say anything that’ll garner instant agreement from everyone. That healthcare is expensive, though? That’s a no brainer. According to Investopedia contributor Lisa Epstein, the cost of healthcare in the US is twice that of any other developed country. If it were a nation, this sector would…

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Group Benefits Fiduciary Liability: Are You at Risk?

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Did you see the headline of the May 28, 2016 Forbes article? “CFOs and HR Execs Facing Millions in Personal Liability Due to Unmanaged Health Benefits Plans.”No kidding! According to Forbes, the companies involved include clothing retailer, GAP, and CB&I for starters. While fiduciary liability has been a hot issue for retirement plan administrators for…

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How to Take the Hot Air Out of Ballooning Group Benefits Costs

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Is a lack of strategic planning causing your group benefits costs to balloon? Better question: if it were, would you know? Strategic planning plays an important role in determining how much a business pays for its group benefits plans. But not every business has a strategic approach; as a result, they end up paying more…

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Is Your Group Benefits Strategy Giving You the Edge?

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A group benefits package isn’t just a package. It’s a strategy, one that plays a crucial role in your effort to attract and retain the best candidates. In more ways than one, the benefits you offer determine your edge. With that in mind, let’s take a look at what your competition is up to. Last…

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The Minimum Wage is Rising: What It Means for Group Benefits

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It’s always been important for businesses to control group benefits costs. Now, with minimum wage changes, it will be more important than ever. In what the Los Angeles Times called a “historic measure,” the California Governor just signed a bill into law that raises the minimum wage to $15 an hour by 2022, using incremental…

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How to STOP Paying Too Much for Group Benefits

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That niggling doubt in the back of your mind isn’t just your imagination. It’s likely that you’re not getting the lowest rate for group benefits. How do we know you’re overpaying? Simple – just about everyone is. Cost transparency is a trend these days. Over the last 15 years, websites including Healthcare Bluebook,NewChoiceHealth and GoodRx…

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Group Benefits Update: Who Will Win the Cadillac: Obama or Congress?

cadillac-tax

For employers, one of the most anxiety producing elements of the Affordable Care Act (ACA) has been the upcoming Cadillac Tax. That’s the 40 percent excise tax on health benefits exceeding an annual limit ($10,200 for individuals and $27,500 for families). The Kaiser Family Foundation estimates that 26 percent of companies will be affected by…

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