3 ways to capture quality candidates

Posted by Gretchen Smitson on Wed, Aug 22, 2018 @ 09:08

Finding quality candidates

A decade after the recession, power in the recruitment market has shifted from employer-driven to candidate driven. This means that candidates can be more selective about the positions they take and employers must compete in order to capture quality candidates.

So how exactly are employers supposed to compete? The best way to attract quality candidates is by addressing three key factors: compensation, employee benefits and hiring regimen.

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Tags: BerniePortal, hiring, recruitment

Nearly 50,000 employers at risk for ACA penalties

Posted by Emily Kubis on Mon, Aug 20, 2018 @ 08:08

Address compliance with a benefits platform

Accounting Today reports that of the 318,296 organizations that are required to offer health benefits through the Affordable Care Act’s employer mandate, 49,259 are at risk for compliance action by the IRS.

At least 30,000 penalty assessment notices have already been issued to employers for compliance issues related to the Affordable Care Act.

This news illustrates that despite some changes brought about to the law by President Trump’s administration, much of the law is still standing, and employers should keep a close eye on their compliance to avoid costly penalties.

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Tags: Affordable Care Act, BerniePortal, aca compliance, benefits technology, employer mandate

Bernard Health Named to 2018 Inc. 5000

Posted by Emily Kubis on Thu, Aug 16, 2018 @ 09:08

For the second time, Nashville benefits advisory firm makes exclusive list of America's fastest-growing private companies

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Tags: Bernard Health, Alex Tolbert, Inc. 5000

When it comes to benefits, think like a CFO

Posted by Brian Tolbert on Wed, Aug 15, 2018 @ 15:08

How to get more transparency and better control over healthcare costs

Benefits are typically the largest expense item in a company’s budget next to payroll. Traditionally, managing the benefits budget hasn’t been like managing other business expenses, as employers have had little to no transparency into these costs. While most employers would be averse to accepting annual increases of 10 or 15 percent on other business expenses, they have never been able to apply the same level of scrutiny to their healthcare spend.

But things are changing. As healthcare spending continues to rise with no end in sight, maintaining the status quo is simply no longer an option. Fortunately, action steps similar to those you’d take in other parts of your organization are available for your health plan. At Bernard Health’s 8th Annual Health Reform Luncheon, our team explained how small and mid-sized company leaders can think about their benefits like a CFO. Here are some of the highlights.

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Tags: HSAs, health savings accounts, employers, health insurance small employers, employer digest

Losing health insurance coverage mid-year? 3 options for consumers

Posted by Alex Tolbert on Mon, Aug 13, 2018 @ 10:08

What to do if you lose coverage

Losing health insurance coverage mid-year can happen for a variety of reasons. Whether you have had a recent job change, a move or a change in your household resulting in a loss of coverage, this transition can lead to anxiety for consumers.


What are consumers supposed to do if they lose coverage in the middle of the year? Fortunately, the reasons described above, among others, are considered “qualifying events,” which means you can sign up for health coverage on the Affordable Care Act marketplaces at any time of the year after experiencing them.

However, the marketplace isn’t your only option. There are other options for health coverage, and which one you choose will depend on a few different factors, including your health status, how long you expect to need new coverage and your income.

Below is an outline of these options and how consumers can think about them.

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Tags: healthcare, The Tennessean, healthcare costs, surprise medical bills

How to handle employee absences outside of FMLA

Posted by Emily Kubis on Fri, Aug 10, 2018 @ 09:08

What to do when FMLA doesn't apply

When it comes to personal or medical employee absences, the Family and Medical Leave Act provides a standard set of requirements for employers with over 50 employees.

But there are cases where FMLA does not apply. If you have less than 50 employees, or the employee has not worked for the company the required amount of time for FMLA eligibility—1,250 work hours or 12 months of active employment—how do you handle employee leave?

The process will vary based on the specific circumstances at your organization, as there isn’t a “one-size-fits-all” approach when FMLA doesn’t apply. But in general, here are two scenarios—one where the employee has Short-Term Disability coverage, and one without Short-Term Disability coverage.

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Tags: group benefits, group plan, broker, BernieHR, FMLA

The pros and cons of a PEO

Posted by Emily Kubis on Wed, Aug 08, 2018 @ 11:08

Five things to consider

Are you considering using a Professional Employer Organization (PEO) at your business? Businesses can partner with a PEO to outsource a variety of administrative tasks, including HR, payroll, health insurance and more.

When partnering with a PEO, the organization effectively becomes the employer of record of your employees. There are some pros and cons associated with this arrangement. Here are five things to consider about PEOs.

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Tags: group benefits, group plan, broker, Professional Employer Organization, PEO

Strategies to keep pharmaceutical costs down as a self-insured employer

Posted by Chase Ballard on Tue, Aug 07, 2018 @ 06:08

You’re likely spending too much on your employees' prescriptions

As a self-insured employer, you have a lot of control over how you spend money on your employee’s prescriptions. Unfortunately, most employers are not aware of all the tactics that are available to help them mitigate these prices.

Prescription spending is the fastest growing healthcare cost, and these costs likely make up a good portion of your annual healthcare spend. Fortunately, there are a few available strategies that will help you and your employees find the cheapest available options:

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Tags: pharmacy, employer digest, pharmacy costs, employee benefits

Three things employers should know about the new HSA bills

Posted by Emily Kubis on Mon, Aug 06, 2018 @ 09:08

New bills could expand qualified expenses and contribution limits

In July, the House of Representatives passed two new bills affecting Health Savings Accounts. The new bills could expand the list of qualified medical expenditures, as well as nearly double contribution limits.

With adoption of high-deductible health plans still on the rise, the new regulations would expand the opportunity for employers to maximize the value of their benefits plans and support employees in opening accounts.

Here’s what employers should know about the new bill:

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Tags: HSAs, health savings accounts, employers, health insurance small employers, employer digest

Group health premiums going up? Consider self-funding

Posted by Emily Kubis on Fri, Aug 03, 2018 @ 10:08

Getting a big rate increase? 

If you are receiving a big rate increase on next year’s group health plan, it may be time to consider a different funding strategy. With healthcare costs continuing to rise, there are only so many solutions for reducing the financial pressure on employers and employees through a fully-insured insurance plan.

If you’ve raised deductibles, helped employees with HSAs, implemented wellness programs – and are still seeing double digit premium increases, you may want to pursue a self-funded health plan.

First, what is self-funding, or self-insuring?

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Tags: group benefits, group plan, broker, self-funded, self-insurance, stop-loss coverage

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employer healthcare freedom
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