When the COVID-19 pandemic hit, mental health and financial wellness took a massive blow for people around the world. Layoffs and furloughs skyrocketed. With the lack of work came a lack of income. Household debt in the United States rose $286 billion in the middle of 2021. Many felt the …
The Internal Revenue System (IRS) recently announced the 2022 dollar limits for employee benefits including: High Deductible Health Plans (HDHPS), Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Transportation Benefits, and Adoption Assistance. As cost-of-living expenses continue to rise due to inflation, the IRS annually adjusts contribution limits to accommodate …
Financial concerns are one of the largest causes of stress among employees, and the current pandemic has only exacerbated the need for benefits that help employees navigate the daily stressors in their lives. We’ve seen financial wellness programs gaining traction across a multitude of industries as employers realize the importance …
When employees are well informed about their benefits, they are more inclined to make smart decisions that protect their health and financial well-being. Furthermore, educating employees about the value and range of their benefits can cultivate trust and confidence with their employer, which can have a positive impact on recruitment …
The COVID-19 pandemic has and continues to force many organizations to adapt and reimagine their service offerings to prioritize the health and safety of their employees. Since in-person visits to the doctor were put on hold in 2020, telehealth saw an increase in popularity. This allowed employees and their families …
The Department of Health and Human Services (HHS) recently published a proposed rule that would revise several benefit and payment parameters under the Affordable Care Act (ACA) for the 2022 benefit year. While the proposed changes primarily impact insurers and Exchanges, it’s important to consider that some provisions could also …
Open enrollment is an opportunity to showcase an organization’s benefits package and the value it provides to employees — with the hope of curbing rising turnover rates. Within the last year, employees’ priorities have changed. Consequently, employees may be seeking enhanced offerings to better protect their health and well-being, while …
Over the course of the year, we have seen increased demand for well-being programs and mental health resources from a wide array of employee populations. To meet this demand, employers have been prompted to create, or ramp up current well-being offerings, which can electrify a healthier and more engaged workforce. …
Flexible Spending Accounts (FSAs) can be an asset to any employee benefits package because employees can set aside pre-tax funds to be used for eligible healthcare expenses. Due to the nature of the public health emergency posed by COVID-19 and the unanticipated changes in availability of certain medical care, you …
The demand for and focus on employees’ mental health and well-being has increased significantly because of the COVID-19 pandemic. In an effort to address the growing need of mental health support for workforces across the country, companies have continued to roll out wellness-specific programs and benefits to better service their …
The COVID-19 pandemic has heightened the importance of employee benefits for individuals across the country; however, uncertainty regarding what resources are available can hinge on the ability to maximize these benefits. With healthcare costs increasing and traditional in-person appointments steadily resuming, employees are also expressing concerns over how themselves and …
In an effort to address the growing need of mental health support for workforces across the country, companies have rolled out wellness-specific programs and platforms to better serve their employees. According to a recent survey by virtual mental health platform Ginger, 92 percent of CEOs reported that their companies have …
On May 10, 2021, the Internal Revenue Service (IRS) released Revenue Procedure 2021-25, which provides the inflation-adjusted amounts for health savings accounts (HSAs) and high deductible health plans (HDHPs) for the 2022 plan year. As cost of living expenses continue to rise, the IRS annually adjusts the following amounts and …
As COVID-19 vaccination rates increase across the country, organizations that experienced workplace closures and needed to adjust to remote work environments are beginning to reopen. In a recent survey, LaSalle Network asked 350 corporate executives how they think their workforces will be modeled in the next year — approximately 77% …
Employers have consistently had to pivot and adjust their benefits to accommodate employees’ everchanging lifestyles and healthcare needs. Because of this, employee benefits have strengthened the relationship between the organization and employees. Disability insurance is an employee benefit that provides valuable income protection when employees are faced with unexpected physical …
