Category: Employee Benefits
Creating a Family-Friendly Workplace: Offering Adoption Benefits
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Adoption Benefits A growing number of employers are offering some form of adoption benefits as part of their employee benefits package. Advantages to offering this benefit, according to employers, include employee retention, equity in benefits for all employees and a positive public image. This article examines the types of benefits that are commonly offered, along…
Beyond Open Enrollment: Engaging Employees with Benefits
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Most organizations treat employee benefits like a seasonal event. Open enrollment brings a flurry of activity – emails, seminars, and even benefits fairs. However, communication often dwindles after this initial push, leaving employees confused and underutilizing their valuable benefits. This is a missed opportunity. Research shows that employees crave more benefits education, spending hours researching…
Top Employee Benefit Trends for 2025
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Employee benefits are the indirect and non-cash compensation paid to an employee. These benefits are given to employees over their salaries and wages. As we look ahead to 2025, companies are increasingly exploring innovative solutions to address the evolving needs of their workforce. Driven by shifts in work environments, economic challenges, and technological progress, the…
Your HSA: A Beginner’s Guide
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New to a Health Savings Account (HSA)? Here’s What You Need to Know As the name suggests, a Health Savings Account(HSA) is a special savings account used to pay for healthcare-related expenses. An HSA has potential financial benefits for now and later. Not only can you save pre-tax dollars in this account to pay for qualified…
Reducing Rising Healthcare Costs in 2025
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Healthcare costs are projected to rise significantly in 2025. To mitigate these increases, consider these tips: Staying informed about your health care benefits—including the fine print—can help you save money. By taking these steps, you can help to manage your healthcare costs and protect your financial well-being.
Benefits Breakdown December 2024
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Mercer Report Projects 5.8% Health Benefits Cost Increase in 2025 U.S. employers estimate health benefit costs will increase by 5.8% in 2025, according to Mercer’s 2024 National Survey of Employer-sponsored Health Plans. This would mark the third consecutive year that the total cost per employee rose more than 5%. The report attributed the higher costs to…
2025 Employee Benefits Limits: What You Need to Know
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Many employee benefits are subject to annual dollar limits that are adjusted for inflation. For 2025, most of these limits have increased. However, some limits, such as those for dependent care Flexible Spending Accounts (FSAs) and Health Savings Account (HSA) catch-up contributions, remain unchanged. Key Benefit Limits for 2025: Health Savings Account (HSA) Contributions Important…
Benefits Breakdown November 2024
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Mercer Report Projects 5.8% Health Benefits Cost Increase in 2025 U.S. employers estimate health benefit costs will increase by 5.8% in 2025, according to Mercer’s 2024 National Survey of Employer-sponsored Health Plans. This would mark the third consecutive year that the total cost per employee rose more than 5%. The report attributed the higher costs to…
Benefits and Me November 2024
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Maximizing Your Open Enrollment Did you know that nearly 7 in 10 employees spend 30 minutes or fewer reviewing their open enrollment benefits options? Unfortunately, that’s far less than most Americans’ daily social media time. Open enrollment is crucial for making informed decisions about your health care and benefits. To maximize this period, start by…
Navigating Employee Benefits: A Glossary
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Employee benefits can be a complex landscape, filled with acronyms and unfamiliar terms. In fact, more than 50% of American adults report that they don’t have a clear understanding of their health insurance. Many people are confused because they reach adulthood without ever learning the basics of health insurance terminology. Illiteracy about health insurance is…