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...
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...
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...
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...
Health savings accounts (HSAs) are a popular type of tax-advantaged medical savings account available to individuals enrolled in high deductible health plans (HDHPs). Individuals can use their HSAs to pay for expenses covered under an HDHP until their deductible has been met, or they can use their HSAs to pay for qualified medical expenses that...
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,...
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...
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...
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....
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...