Three workplace technologies Millennials expect

Posted by Emily Kubis on Mon, Feb 19, 2018 @ 08:02

Recruit and retain with tech

Millennials became the largest generation in the U.S. workforce in 2018, and this has changed the way employers use technology in the workplace as they try to attract and retain high-quality talent.

The need is there—only 40 percent of Generations X, Y and Z believe employers have adequate digital competencies, according to a study by Randstad Sourceright.

The study’s researchers suggested that companies “focused on creating a simplified experience for front-end customers” often neglect to do so for their own workforce. This can have a negative impact on recruitment, retention and productivity.

But implementing workforce technology, including training tech, collaboration tools, benefits tech and more, can help organizations improve these areas by creating a streamlined work experience for all generations.

Here are three of the tech tools Millennials expect in the workforce:

Read More

Tags: health insurance small employers, millennials, employer digest, employee benefit adviser

Should my organization self-insure?

Posted by Emily Kubis on Fri, Feb 16, 2018 @ 09:02

Are these myths keeping you from self-insuring?

Just because your group plan has always been fully-insured doesn’t mean this is still the best strategy for your organization. While self-funding has traditionally been reserved for large groups, new solutions are available that make it possible for groups with even 20 employees to self-fund.

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

The major difference between self-insured and fully-insured plans are in regards to who operates the plan, and who pays the claims. With self-funded insurance, the employer operates the plan and pays the claims. With fully-funded insurance, the insurance company operates the plan and pays the claims.

The big benefit of self-insurance is the savings potential. Because employers pay the claims, they reap the benefit of low-claim years. Additionally there are also blended options, where employers can take on less risk and still benefit in low-claim years while minimizing risk in high-claim years.

But many small employers remain wary. Are these self-insurance myths keeping you from considering alternate funding methods? 

These ideas commonly keep small employers from considering self-insured health plans, but they aren’t the roadblocks many employers think they are.

Read More

Tags: health insurance small employers, Self-Insured, employer digest, employee benefit adviser, self-funded, self-insurance

Is Obamacare repeal over?

Posted by Emily Kubis on Mon, Feb 12, 2018 @ 07:02

Repeal train slows, but what’s next?

Is the GOP giving up on Obamacare? Healthcare stakeholders and political news entities are suggesting as much. Forbes reports “insurer profits rise as Trump waves white flag on Obamacare,” noting the President mentioned Obamacare only once during his State of the Union address.

Politico reported there were no discussions of repeal and replace at a recent House and Senate joint retreat, and BenefitsPro said Republican leaders in the House and the Senate see a lot of risk and little reward in trying repeal again.

While hardly anything is certain when it comes to U.S. healthcare policy, if the GOP does move on to new priorities in 2018, where does that leave brokers and employers?

Here are three things employers should consider.

Read More

Tags: Affordable Care Act, obamacare, aca, employers, health insurance small employers, employer digest, employee benefit adviser, repeal and replace

What is the CHIP notice?

Posted by Emily Kubis on Fri, Feb 09, 2018 @ 08:02

Employers must notify workers of possible premium assistance

Employers providing group health insurance in states with premium assistance through Medicaid or the Children’s Health Insurance Program (CHIP) must provide annual notice of that assistance before the start of each plan year.

The notice explains how employees can find out if premium assistance is available, and how to apply for Medicare or CHIP coverage for dependents.

Here's what employers need to know.

Read More

Tags: BerniePortal, HR, CHIP, compliance, employer digest, BernieHR, CHIP notice

Small employers—don't miss these three HR deadlines

Posted by Emily Kubis on Wed, Feb 07, 2018 @ 09:02

Get compliance peace of mind

Keeping track of the many regulatory guidelines and deadlines can be overwhelming for small to mid-sized employers. But overlooking even a small compliance item can lead to costly penalties for your organization.

Here are three upcoming can’t-miss HR deadlines.

Wondering if your company’s HR department is up to par? BernieHR provides on-demand HR consulting, allowing small organizations to focus on business growth and development while obtaining compliance peace of mind.

Three HR deadlines to watch:

Read More

Tags: BerniePortal, HR, compliance, employer digest, BernieHR

How Bernard Health helps employers control their healthcare costs

Posted by Emily Kubis on Mon, Feb 05, 2018 @ 07:02

Software, strategy, service

Want to take control of your healthcare costs while giving employees more options than ever before? We can help.

Bernard Health goes above and beyond what other agencies can provide, and we do it through a three-pronged approach, providing solutions in software, strategy and service.

Here’s how Bernard Health helps employers and their employees.

Read More

Tags: employers, health insurance small employers, employer digest, employee benefit adviser

What to do after completing 1095-Cs

Posted by Gretchen Smitson on Wed, Jan 31, 2018 @ 06:01

Steps for employers 

You've gone through the pain of completing your 1094-C and 1095-Cs and the deadline to file and distribute is quickly approaching. What should you do to make sure you deliver the right documents to the proper location?

Here is everything you need to know about staying compliant in your distribution and filing oforms 1094-C and 1095-C:

Read More

Tags: HR, employers, health insurance small employers, hr software, employer digest, employee benefit adviser, tax withholding

How small employers can improve HR

Posted by Emily Kubis on Fri, Jan 26, 2018 @ 08:01

Two ways for small businesses to become more strategic

The fragmented HR ecosystem presents challenges to small and mid-sized employers. Compliance is key but regulations are ever-changing, and HR policies are the foundation of your workplace, so it’s important to get them right.

A recent study conducted by Paychex found that 20 percent of small employers have little to no confidence in their HR abilities, specifically in onboarding, employee classification and background checks.

Further, the report notes most small businesses lack the structure and technology to automate their current manual processes. Only 30 percent of small businesses use technology for onboarding, and 38 percent still track time and attendance manually.

With manual processes comes human error, which further adds to the low confidence levels experienced by most small businesses when it comes to HR. Further, uncertainty about whether these processes are conducted correctly can lead to costly penalties and fines.

Here are two ways small organizations can address these issues:

Read More

Tags: BerniePortal, HR, employer digest, BernieHR

What is self-insurance?

Posted by Emily Kubis on Mon, Jan 22, 2018 @ 07:01

What employers should know

What is a self-insured health plan? This is an alternative to a “fully-insured” health plan, and is another option employers have for funding their group health plan.

The major difference between self-insured and fully-insured plans are in regards to who operates the plan, and who pays the claims. With self-funded insurance, the employer operates the plan and pays the claims. With fully-funded insurance, the insurance company operates the plan and pays the claims.

The big benefit of self-insurance is the savings potential. Because employers pay the claims, they reap the benefit of low-claim years.

Employers might hear that they are responsible for claims and immediately balk at the idea of self-insuring. “What if we have a really bad month, or really bad year?” Typically, employers are responsible for claims up to a certain threshold, and they carry stop-loss insurance for claims that exceed that threshold. This reduces claims pressure in a self-funded plan.

So how does it work?

Read More

Tags: employers, health insurance small employers, Self-Insured, employer digest, employee benefit adviser, self-funded, self-funding, self-insured lite

New tax withholding tables and deadline released

Posted by Emily Kubis on Fri, Jan 19, 2018 @ 09:01

Employers must implement by Feb. 15

The IRS announced this week the new income tax withholding tables for 2018, reflecting changes made by the GOP’s Tax Cuts and Jobs Act.

Employers should begin using these new tables as soon as possible, but they must be implemented by February 15. Organizations should continue using the 2017 withholding tables until they have implemented the 2018 tables.

There are still seven federal income tax brackets, but the rates have been slightly lowered and income ranges have been adjusted.

Read More

Tags: HR, employers, health insurance small employers, hr software, employer digest, employee benefit adviser, tax withholding

Email Subscription

Most Popular Posts

Latest Posts