More Would Sacrifice Pay for Better Benefit

The below article originally appeared in “Planning 2021 Benefits Changes for the COVID-19 Era,” by Joanne Sammer, July 21, 2020 – SHRM Even before the pandemic struck, a growing number of U.S. employees were willing to give up additional pay in exchange for more-generous benefits. The 2019/2020 Global Benefits Attitudes Survey by HR consultancy Willis Towers Watson, based…

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15 Ways Employers Can Reduce Health Care Spending That Aren’t Cost-Sharing

Empower employees to make informed benefit decisions. Best performers identify what the workforce needs and understand that each employee has a unique health care journey. By offering meaningful choice with a variety of benefit options, employees can personalize their benefit selection. To meet the varied needs of employees, best performers offer tools that support personalized enrollment…

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How employers can plan for virtual open enrollment this year

Open enrollment is right around the corner and this year poses different challenges for both employers and employees. COVID-19 has forced businesses to embrace technology and get creative not only when it comes to day-to-day operations, but also meetings, conferences and events. Open enrollment for employee benefits will be no different. COVID-19 has impacted benefit plan design,…

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U.S. Health Care Is in Flux. Here’s What Employers Should Do

Even if premiums stay as they are, employers may still be unable to afford them amid plummeting revenues. Before Covid-19, premiums for employer-sponsored plans had been consistently outpacing inflation. In 2019, the Kaiser Family Foundation reported that the average annual premium for employer-sponsored health insurance was a whopping $20,576 for a family of four (and $7,188 for…

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