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As the pandemic puts into sharp relief just how quickly an individual’s health can take a turn for the worst, enrolling in the right healthcare plan has never been more vital.
While many employees choose their healthcare plans based on which plan takes less money from their paycheck, there are good and bad consequences associated with these lower-cost options — namely, high deductible healthcare plans (HDHP) accompanied by a health savings account, or HSA.
Deanna Cuadra is a senior reporter at Employee Benefit News. Her work covers healthcare, U.S. policy and reform, challenges faced by women and parents in the workplace and innovation in work culture … Read full bio
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Increasing leave in the U.S. and Canada aligns with the company’s focus on retention and internal promotion, said the head of people and culture for Lush North America.
Employers should educate staff on the nuances of every coverage option, advises Benefitbay CEO, ranging from coinsurance to coverage tiers, networks, “incumbent bias,” and more.
OE is just the beginning of a longer annual rite when employees still need to know when coverage begins, where to find ID cards and how to use their new benefits.
Leaders from Equifax, Bartaco and Children’s Health gathered in Las Vegas to share their insights and best practices at EBN’s Benefits at Work conference.
For smaller organizations without dedicated human resources staff, routine tasks can mask bigger risks tied to employee disputes, benefits administration, and compliance requirements.
