employee benefits
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....
June 10, 2024
Over 80% of Employers Will Add or Improve Benefits in the Next Year
A new report by health care benefits company Lively found that 81% of organizations plan to add or improve employee benefits in the next year to better recruit and retain employees. Furthermore, the report showed that employee experience, feedback and ease of use matter the most when benefits leaders decide to select or renew with...
June 5, 2024
U.S. Employees Prioritize Stability Amid Economic Uncertainty
Amid a tumultuous economic and geopolitical landscape, U.S. employees are increasingly seeking stability from their employers, according to the 2024 Global Benefits Attitudes Survey by WTW. The survey found a significant shift in employee preferences, with 72% now choosing to stay in their current jobs, reversing the trend of high turnover seen in recent years....
April 12, 2024
How the Right Benefits Can Improve Employees’ Health, Finances and More
Employers spend a lot of time contemplating which benefits to add to their plans. When those offerings are then utilized and go on to improve an employee’s life, the effort is more than worth it. As employees continue to demand support around their health and well-being, it’s critical organizations offer a wide variety of benefits...
March 19, 2024
5 Ways to Make Sure Your Wellness Benefits Are Hitting the Mark
Employers build benefits packages with the best of intentions, but too many options or the wrong ones altogether can frustrate employees and drain company resources. Nearly half of employees said they are confused by parts of their benefits plans in a recent survey by MetLife, while other studies place the number as high as 85%. An overwhelming amount of...
January 31, 2024
Celebrate American Heart Month With These Healthy Lifestyle Tips
In 1963, the United States designated February as “American Heart Month.” Since then, the medical community has banded together during this annual campaign to raise awareness about heart disease and cardiovascular conditions and provide advice to help Americans reduce their risk of these health issues. How to Keep a Healthy Heart Heart attacks and strokes...
January 17, 2024
Mitigating Mental Health-Related EPLI Claims
During the past few years, mental health issues such as anxiety, depression and post-traumatic stress disorder have been driving more Americans with Disabilities Act charges, according to data from the Equal Employment Opportunity Commission (EEOC). In 2022, around 11% of ADA charges were related to anxiety disorders. This is up from 7.6% five years earlier. PTSD-related charges...
December 18, 2023
4 Key Trends Driving Employer Health Care Costs in 2024
Amid ongoing inflation pressures, employees and employers alike can expect their health care costs to increase in 2024. Global professional services firm Aon reported that health care costs for employers will grow by 8.5% in 2024 (to more than $15,000 per employee), nearly double 2023’s figure. Here are four key trends driving employer health care...
December 5, 2023
High Health Care Costs Are Impacting Americans’ Physical and Mental Health
More than half of consumers feel stressed when paying their medical bills, and more than 9 in 10 say these payments have impacted their physical and mental health, according to a study from health care payment processing company PayMedix. Unaffordable medical bills, higher deductible health plans and confusing bills have increased physical and mental health...