The longer people live, the more likely they are to face illnesses that necessitate custodial care either at home, in an assisted-living facility, or in a nursing home. So it stands to reason that there’s a resurgence of interest in long-term care and long-term disability insurance. While the two types of coverage have similar names, […]
The number of companies offering health insurance has ticked up for the first time since 2008, according to new research from the Employee Benefit Research Institute. In 2017, almost 47% of private-sector employers offered health insurance, up from 45.3% in 2016. The percentage has been dropping steadily since 2008, when more than half (56.4%) were […]
While meeting with a client recently, she said something that’s stuck with me. “We need to stop talking about the future of work and start actually taking action,” she said, “because it’s here.” She’s right. We’re at an inflection point with a labor market that’s as tight as it’s been since the Great Recession and […]
Since President Trump took office, a top priority has been to repeal and replace the Affordable Care Act (ACA) and his administration continues its attempts to undermine the law. With midterm elections less than 90 days away, we can expect the ACA will once again take center stage. Much is at stake. The upcoming midterm elections are […]
If you received a wave of “We’ve Updated Our Privacy Policy” e-mails recently, here’s why: California just passed the California Consumer Privacy Act of 2018 affording California residents unprecedented, expansive data privacy rights. While the act, effective Jan. 1, 2020, is broadly applicable to qualifying businesses, employers should pay special attention to their duties under […]
Very important! Not only do they reflect a company’s culture and values but they also communicate important policies and procedures, and can even help shield employers from litigation. Examples of topics that effective employee handbooks cover include: Anti-discrimination policies- Handbooks should include a section on sexual harassment, the Americans with Disabilities Act (ADA), and equal […]
High-deductible health plans are gaining ground on traditional insurance plans, according to a new report from the Centers for Disease Control and Prevention. Over the past 10 years, adults aged 18 – 64 with employment-based coverage have increasingly opted for high-deductible health plans both with and without health savings accounts. The percentage of adults enrolled […]
Odds are your clients are struggling with higher insurance costs and worried about incurring any future medical bills. Here’s one option advisors can help them explore: health savings accounts. These accounts, which are offered in combination with high-deductible health insurance plans, provide a unique opportunity for clients to save. Better still, they afford triple tax […]
The California Supreme Court last week issued an opinion concluding that Starbucks must pay its employees for off-the-clock duties that take several minutes per shift. In issuing its opinion, the Court rejected the coffee giant’s request to invoke a federal wage rule (known as the de minimis doctrine) that excuses employers from paying employees for […]
Health savings accounts are at the top of the health policy agenda as Congress grapples with how to rein in ever-rising costs. House and Senate committees have held several hearings over the past few months on how to expand HSAs and update the rules, and House on Wednesday just passed two healthcare bills containing a broad array […]
