Creating an Employee Benefits package that satisfies everyone’s wants, needs and budget can be challenging. There’s a lot that goes into it and no office is the same. But to meet the needs of today’s diverse, multigenerational workforce, companies need to offer benefit solutions that bring real value to their lives. Presenting a wide-range of options that addresses employees’ needs during all stages of life is becoming critical. And with more people working from home this year, we’ve seen a bigger shift in what’s being offered. In fact, we interviewed Barbara Ciudad, the Regional Sales Director for Greater San Diego Area Total Administrative Services Corporation
Preventative Care Services You’re Not Taking Advantage Of, But You Should Be
Health insurance plans provide a number of preventive services that many employees don’t know are available, and some simply don’t use. What if people took advantage of the preventive services that are included in their health plans? For one, we’d be staying healthier and living longer. Each year, millions of people die preventable deaths. If you are enrolled in a health insurance plan, it’s important to be familiar and take advantage of the preventative care services offered to you. Preventive care is any medical service that defends against health emergencies. It includes doctor visits, such as annual physicals, well-woman appointments, and dental cleanings. Some medicines
Fully-Insured vs. Self-Funded Group Health Plans
Any good employer knows the importance of having a competitive benefits package to offer their employees. As health insurance costs continue to rise, many businesses are rethinking their health insurance plans. There are two primary types of plans to consider— fully-insured plans and self-funded plans, and understanding how both of these health plans work can help your company immensely. So, what’s the difference between a fully-insured and self-insured health plan? Let’s take a look! Fully-Insured Health Plan A fully-insured health plan is the more traditional way to structure an employer-sponsored health plan. As the employer you often feel less of the effects of rising medical
What Qualifies for a Special Enrollment Period
Change can be a scary thing, but it doesn’t have to be! Especially when it comes to health insurance. If you recently had a major life change— like getting married, having a baby, or losing health coverage— you are eligible for a Special Enrollment Period (SEP), allowing you to enroll in health insurance outside the yearly Open Enrollment Period. Doesn’t that sound reassuring? With certain life changes you qualify for a SEP and have up to 60 days following the event to enroll in a health insurance plan. If you miss that window, you have to wait until the next Open Enrollment Period to apply.
5 Voluntary Benefits to Add to Your Benefits Package
Do you want to retain employees and recruit better talent at little to no cost to your business? How? By offering voluntary benefits. Voluntary benefits are like “a la carte” insurance products that can be added to a benefit plan such as life, vision, dental, disability or travel accident insurance. Employees want more customization with their benefit plans so voluntary benefits allow them to add on specific services tailored to their wants and needs. One of the best things about voluntary benefits is that they are cost-effective. They are typically paid for by the employee and cost less when offered in a group or employer
How to Plan for a Successful Open Enrollment
It’s that time of year again— time for HR to prep for a successful open enrollment! Starting to plan for your company’s open enrollment now, can result in a smoother process. As employee satisfaction becomes an increasingly large factor to attract talent and maintain retention, employers are looking for more ways to exceed their benefit expectations. As you start planning, it is important to consider how you can make the open enrollment period more successful. Let’s dive in! Reflect The first step to success is looking back on last year’s efforts and evaluate what worked and what didn’t work for you and your employees. Each
5 Ways to Improve Your Employee Benefits Management
Employee benefits is a wide-ranging topic that can boost engagement, productivity and your business’ bottom line, so it is very important to carefully consider your employee benefits management. This can be a challenging task for many businesses with each employee having a unique situation, questions they want answered and doctors they want to see. As part of our services, we help manage all aspects of the employee benefit onboarding and enrollment for you— making your job a little less stressful. In today’s job market, employers are tasked with structuring employee benefit programs that keep the business competitive and employees motivated. Here are 5 ways to
How do Health Insurance Provider Networks Work?
A health insurance provider network is a list of doctors, health care providers, and hospitals that are contracted to a specific health insurance plan (PPO, POS, HMO or EPO). In these plans, the insurance company creates an entire list of doctors and facilities from which you have to choose. When you go to the doctor, you want to stay within your provider network to keep medical costs down. Health plans work to ensure that consumers have access to high-quality, effective care. Consumers benefit from peace of mind when receiving in-network care because it assures the provider meets quality care standards and has lower cost sharing and
How to Effectively Manage Employee Discipline & Terminations
Managers often find disciplining employees and making termination decisions challenging. Most HR professionals must deal with these sensitive matters from time to time, while ensuring the business complies with a host of employment laws to prevent the risk of a lawsuit. By implementing a clear plan of action, you can prevent making costly mistakes. Here are a few tips for effectively managing employee discipline and terminations to prevent future problems in the workplace and improve your management skills. Most employees want to be productive and succeed in their jobs, so the proper use of discipline and guidance is important. Each disciplinary and discharge situation is
Benefits for Employers Offering Small Group Plans
Small business owners mistakenly believe they either cannot afford to offer benefits to their employees or that they only need to offer the minimum health benefits to them. Today, employees are looking for a more! They want a diverse benefits package that fits their needs. And while going without these types of benefits may save your business money upfront, it can hinder your success in the long run. There are also numerous advantages for employers who offer employee benefits. For example, by providing a well-rounded benefits package, you have a better opportunity to attract and retain quality employees who are committed to the future of