Employee Benefit Trends of 2017 | PA Benefit Advisors
Customization of benefits is becoming more popular. The process of personalizing employee benefits allows for individuals to choose from an array of options, and increases employee satisfaction.
Congress Eliminates OSHA Continuous Reporting Obligation Rule | PA Benefit Advisors
What played out as a soap opera of sorts involving all three branches of government has resulted in relief for employers. On March 22, 2017, the Senate narrowly adopted House Joint Resolution 83 (H.J.Res.83) under the Congressional Review Act. The joint resolution nullifies a recent Occupational Safety and Health Administration (OSHA) final rule that went … Continued
The Overtime Rule Saga Continues… | PA Benefit Advisors
All the hullabaloo about the potential new Department of Labor overtime rules was for naught as the implementation of the law has been delayed again. President Trump’s Department of Justice (DOJ) requested extensions to the appeal process to determine its strategy and finalize its standpoint on the proposed regulations. Some political experts theorize that the … Continued
3 steps employers can take to rethink benefits strategy | PA Benefit Advisors
Historically, employee benefits have been viewed as a routine piece of the HR process. However, the mentality of employees today has shifted, especially among the growing population of millennial employees. Today’s workforce expects more from their employers than the traditional healthcare and retirement options, in terms of both specific benefit offerings and communications about those … Continued
Gig Economy 101 | PA Benefit Consultants
What is a Gig Economy? By Nicole Federico, eTekhnos Benefits Technology
Difference Between Basic Insurance & Major Medical Insurance | PA Benefit Advisors
Choosing a health care plan often comes down to cost, but don’t forget to compare the monthly premium with the amount of coverage you get. Major medical insurance is designed to cover you during everything from routine check-ups to major catastrophic events. Basic health insurance, by contrast, is a cash reimbursement service that can help … Continued
DOL Increases Penalty Amounts to Adjust for Inflation | Pennsylvania Employee Benefits
For the second time in less than a year the Department of Labor (DOL) has increased the civil monetary penalties assessed or enforced by the DOL. The increases were announced in a final rule issued by the DOL on January 18, 2017. The increases were made pursuant to the Federal Civil Penalties Inflation Adjustment Act … Continued
CMS Disclosure Requirement for Employer Health Plans | Pennsylvania Employee Benefits
Do you offer health coverage to your employees? Does your group health plan cover outpatient prescription drugs? If so, federal law requires you to complete an online disclosure form every year with information about your plan’s drug coverage. You have 60 days from the start of your health plan year to complete the form. For … Continued
2017: What HR Can Do to Prepare for a Big Year of Change | PA Employee Benefits
Employers saw unprecedented changes to human resources management in 2016, including Affordable Care Act (ACA) compliance, new Fair Labor Standards Act (FLSA) regulations, parental leave laws and a push for equal pay. With a new year and a new president taking office, 2017 is sure to usher in some major changes and HR challenges that … Continued
What Is Employer Paid Term Life Insurance? | PA Employee Benefits
Employer-paid life insurance can be an important part of protecting your family in the event that you die prematurely. Companies offer the program on top of other benefits, such as health insurance. The coverage is generally term insurance, meaning there is no investment or cash-value component. If you pass on unexpectedly, depriving your family not … Continued
