Blog

  • PCORI fees are due by Monday, August 1, 2022

    July 18, 2022

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    By way of back­ground, the Afford­able Care Act (ACA) cre­at­ed the Patient-Cen­tered Out­comes Research Insti­tute (PCORI) to study clin­i­cal effec­tive­ness and health out­comes. To finance the Institute’s work, a small annu­al fee—commonly called the PCORI fee—is charged on group health plans. Grand­fa­thered health plans are not exempt.

    Most employ­ers do not have to take any action because employ­er-spon­sored health plans are com­mon­ly pro­vid­ed through group insur­ance con­tracts. For insured plans, the car­ri­er is respon­si­ble for cal­cu­lat­ing and pay­ing the PCORI fee and the employ­er has no addi­tion­al duties.

    How­ev­er, employ­ers that spon­sor self-fund­ed group health plans are respon­si­ble for cal­cu­lat­ing, report­ing, and pay­ing this fee each year.

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  • What Employees Want: On-Demand Pay

    July 13, 2022

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    Pay­roll works the same way in almost every full-time job.  Employ­ees earn mon­ey by work­ing, and they all receive their earn­ings on a set date: pay­day.  How­ev­er, in an era of same-day ship­ping, on-demand movies, and unlim­it­ed mobile access, indi­vid­u­als are increas­ing­ly expect­ing prompt access to near­ly any­thing they need. For employ­ees, this also means get­ting quick­er access to their paychecks.

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  • Can HR Capitalize on Resignation Remorse?

    July 5, 2022

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    The Great Res­ig­na­tion has paved the way for res­ig­na­tion remorse, accord­ing to a num­ber of pub­li­ca­tions. In fact, 72% of the 2,500 U.S. work­ers sur­veyed by The Muse said their new role or com­pa­ny was very dif­fer­ent from what they had been led to believe. For HR lead­ers still deal­ing with a labor short­age or sim­ply try­ing to fill open posi­tions, this news could help.

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  • Benefits Education 101 for Employees

    June 29, 2022

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    Com­pa­nies spend a large amount of time and mon­ey cre­at­ing valu­able ben­e­fits plans for employ­ees.  But after all that work, they often get low par­tic­i­pa­tion.  Good ben­e­fit choic­es require an effort from employ­ers to ensure that employ­ees have help in under­stand­ing their ben­e­fits options.  To make things even more com­plex, employ­ers are hav­ing to con­sid­er options for a span of 4 gen­er­a­tions in the work­place which can look very dif­fer­ent.  Pro­vid­ing ben­e­fits for a multi­gen­er­a­tional work­place can be chal­leng­ing but it is impor­tant for employ­ers to sim­pli­fy the process by deliv­er­ing edu­ca­tion through the right chan­nels while avoid­ing a one-size-fits-all approach.

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  • How to Build a Learning Culture

    June 20, 2022

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    Most HR lead­ers agree that build­ing a strong learn­ing cul­ture is the foun­da­tion for achiev­ing pos­i­tive busi­ness out­comes and effec­tive­ly con­fronting the future of work. In addi­tion, a younger gen­er­a­tion of work­ers is demand­ing more of employ­ers, and they expect career devel­op­ment and con­tin­u­ous learn­ing to be the norm. As a result, learn­ing cul­ture influ­ences employ­ee engage­ment and expe­ri­ence, too.

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  • 5 Tips to Save Money on Health Care: Part 2

    June 13, 2022

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    Smart spend­ing can keep your health care from cost­ing an arm and a leg.  With costs ris­ing on every­thing from gas to food, every pen­ny counts. It pays to shop smart – that is why it helps to learn how to take steps to lim­it your out-of-pock­et health care costs.

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  • 4 Ways Inflation and Higher Costs Impact HR

    June 6, 2022

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    U.S. Pres­i­dent Joe Biden recent­ly laid out his plans to com­bat infla­tion and the high cost of liv­ing. The aver­age fam­i­ly is spend­ing an addi­tion­al $327 per month com­pared to pre-pan­dem­ic costs, accord­ing to a CNN broad­cast May 10. At the time, the nation­al aver­age price of gas was $4.37. While the Fed­er­al Reserve can do more to influ­ence infla­tion than the Pres­i­dent, his announce­ment is wel­come because peo­ple are suf­fer­ing and some econ­o­mists believe a reces­sion is looming.

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  • Best Practices for Employee Appreciation

    May 30, 2022

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    As HR lead­ers work hard to retain tal­ent dur­ing a his­toric labor short­age, they are try­ing to show employ­ee appre­ci­a­tion. At the HR Exchange Net­work Employ­ee Engage­ment and Expe­ri­ence online event, Mary Shel­ley, Chief Peo­ple Offi­cer at Tan­go Card, shared best prac­tices for reward­ing employ­ees to inform them of their val­ue to the organization.

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  • Transparency in Coverage

    May 25, 2022

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    Health plan price trans­paren­cy helps con­sumers know the cost of a cov­ered item or ser­vice before receiv­ing care. Begin­ning July 1, 2022, most group health plans and issuers of group or indi­vid­ual health insur­ance will begin post­ing pric­ing infor­ma­tion for cov­ered items and ser­vices. This pric­ing infor­ma­tion can be used by third par­ties, such as researchers and app devel­op­ers to help con­sumers bet­ter under­stand the costs asso­ci­at­ed with their health care. More require­ments will go into effect start­ing on Jan­u­ary 1, 2023, and Jan­u­ary 1, 2024 which will pro­vide addi­tion­al access to pric­ing infor­ma­tion and enhance con­sumers’ abil­i­ty to shop for the health care that best meet their needs.

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  • Mental Health is Wealth, So Start Saving Up Now!

    May 17, 2022

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    “Suck it up,” “cheer up,” “snap out of it,” “but you don’t look sick”- these are just some of the phras­es that well-mean­ing friends and fam­i­ly tell loved ones strug­gling with men­tal health issues. Research shows that one in five adults strug­gle with men­tal health con­di­tions.  Men­tal health strug­gles include depres­sion, bipo­lar dis­or­der, anx­i­ety, schiz­o­phre­nia, and eat­ing disorders.

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