25 July 2017 By

On Wednesday, July 19th, the New York State Workers Compensation Board posted Final Regulations in regards to New York Paid Family Leave (effective on January 1, 2018). Paid Family Leave coverage will typically be added to an employer’s existing disability insurance policy.

The 2018 community rate is 0.126% of the employee’s gross salary, capped at New York’s current average weekly wage of $1,305. Keep in mind, this coverage is 100% employee paid and only applies if you have a location in New York and they are on NY payroll. You could begin pre-funding via payroll deduction as early as July 1, 2017, but billing will not begin until 2018. Contact your payroll provider if you are unsure of your NYPFL deduction status.

17 July 2017 By

There aren't many ways you can reduce health care costs without taking something away from your employees.  If your medical plan is experience rated, self-insured and/or you provide an HRA with a high deductible plan, this may be a great solution for your organization.

Telemedicine is quickly growing as a way to supplement your medical program and the way to receive care.  The program enables people to save time and money by calling a board certified physician over the phone and getting prescriptions that they need rather than taking the time and incurring the cost of actually going to the doctor.  This is certainly no replacement for medical insurance, but considering the growth of high deductible health plans, unnecessary office visits, difficulty getting an appointment, etc., people are looking for creative ways to save money and improve convenience.

17 July 2017 By

There are not many changes you can make to your medical program that will reduce costs without having an adverse impact on your employees. 

Did you know that 81% of companies with over 200 employees are self-insured (with stop loss), and 55% of firms with 200-999 employees are also self-insured?  Even 16% of companies with less than 200 employees have self-insured medical plans (Source: Kaiser 2014 Benefits Survey). 

17 July 2017 By

Why Promote Wellness?

According to a recent study by the Kaiser Family Foundation and the Health Research and Education Trust, 81 percent of large employers and 49 percent of small employers offer wellness programs to their employees. These programs aim to improve employees’ well-being by encouraging them to lose weight, stop smoking or make other positive lifestyle changes.

What is Workplace Wellness?

Workplace wellness refers to the education and activities that a worksite may sponsor in order to promote healthy lifestyles for their employees and their families. Examples of wellness initiatives include health education classes, subsidized use of fitness facilities and internal policies or programs that promote healthy behavior.

Do Wellness Programs Really Work?

When sponsoring a wellness program, the main hurdle to success is employee engagement. The benefits of wellness programs can only be realized if a significant number of your employees take part in your efforts. In order to gain buy-in, some businesses offer employees an incentive for participating or reaching certain health goals.

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