employee benefits
November 5, 2024
5 Strategies to Engage Employees in Open Enrollment
Open enrollment is a critical time for employees. It’s when employees make important decisions about their health care, retirement and other benefits that will affect them for the rest of the year. However, confusion about benefits is a widespread issue among employees of all generations; in fact, a recent survey by Business Solver found that...
October 31, 2024
Implications of the 2024 Election on Employee Benefits and Health Care
Millions of Americans have submitted ballots for the 2024 presidential election, and voting concludes on Tuesday, Nov. 5. With a new presidential administration set to take over the White House in January, health care-related topics are a high-priority issue for many voters. Election results hold the potential to bring significant changes to employee benefits and...
October 8, 2024
Getting the Most Out of Your 2025 Open Enrollment Communications
Open enrollment is a crucial period for both employers and employees. It’s when employees can make important decisions about their benefits and an opportunity for employers to engage with their workforce effectively. As organizations continue to adapt to evolving workforce needs and changing regulations in 2025, open enrollment communication becomes more critical than ever. This...
September 18, 2024
Motivating Employees to Spend More Time With Open Enrollment
Open enrollment is a critical period for both employees and employers. It’s the time when employees can make important decisions about their benefits, which can significantly impact their health, financial well-being and overall job satisfaction. However, many employees rush through this process, missing out on opportunities to optimize their benefits. In fact, a Voya Financial...
September 10, 2024
Pay-or-Play Affordability Percentage Will Increase for 2025
On Sept. 6, 2024, the IRS released Revenue Procedure 2024-35 to index the contribution percentage in 2025 for determining the affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2025, employer-sponsored coverage will be considered affordable under the ACA’s “pay-or-play” rules if the employee’s required contribution for self-only...
August 19, 2024
Managing Work-Life Balance During Return to School
For working parents with school-age kids, the back-to-school season can be chaotic. There are new routines to figure out, an onslaught of activities to manage and sometimes kids’ transitional meltdowns to soothe. Undoubtedly, working parents are a critical part of the U.S. workforce. Not only is labor force participation among parents back at pre-COVID-19-pandemic levels,...
August 15, 2024
The Advantages of Voluntary Benefits
Voluntary benefits, such as vision, dental and life insurance, are additional benefit options offered by an employer. Unlike traditional benefits like health coverage, employees are responsible for paying for most or all of these voluntary options. Advantages of these benefits include: Contact us if you have questions about available voluntary benefits. Article Published By: Zywave,...
August 8, 2024
Early Preparation Is Crucial for 2025 Open Enrollment
The job market remains highly competitive as employers work to attract and retain today’s top talent. With the 2025 open enrollment season around the corner, employers have an opportunity to develop attractive benefits offerings and proactively communicate with employees to win them over. Early preparation can help show employees they are valued, convince top performers...
August 1, 2024
Communicating HSA Rules to Employees
As part of the open enrollment process, employers that offer HSA-compatible HDHPs should help their employees understand the benefits of opening an HSA and making tax-free contributions. Employees may be confused about the rules surrounding HSAs and may not realize all the advantages associated with these accounts. CMR Risk & Insurance Services, Inc. can provide...
July 11, 2024
Helping Employees Navigate Rising Health Care Costs
Employers continue to struggle with rising health care costs and providing employees with affordable and quality care options. Unfortunately, employers expect health care costs to increase significantly in 2024. Several industry reports revealed that employers anticipate health care costs to grow between 6.5% and 8.5% in 2024, the largest increase in more than a decade....