The Source: Weekly Roundup – December 10th, 2018

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Thought Of The Week

“I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” – Maya Angelou

 

Welcome to The Source, your one-stop-shop for the latest and greatest HR and benefits news. Our weekly publication highlights this week’s top stories in human resources, benefits administration, insurance, legislation and more to make sure you can stay on top of industry trends and changes. Start off your week on a high note with The Source!

In this week’s edition, we cover the top HR challenges heading into 2019, news on the recent CVS-Aetna merger, insight into the changing role of insurance brokers and much more! Click To Tweet

CVS Just Made A Big Change After Closing Its $69 Billion Aetna Deal

With its $69 billion mega-merger with Aetna officially closed, pharmacy giant CVS is making one of its first major shake-ups in its business structure after combining forces with the insurer, offering a new option to pass on 100% of drug rebates to its health plan sponsors. See what this could mean for sponsors and consumers in this Fortune recap.

Which Benefits Do Employees Find Most Financially Beneficial?

Eighty percent of Americans would rather accept a job with benefits such as health insurance and a retirement plan than take a job without benefits, even if it paid 30% more, according to a new poll conducted in April for the AICPA by Harris Poll. 

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But, which types of benefits do employees find most appealing from a financial perspective? Find out what perks and programs should be on your radar in this Journal of Accountancy review.

Top HR Challenges of 2019

In recent years, a number of changes have rapidly changed the way HR works, as transformations in society, government, culture, technology, communications and the legal landscape impact employers and the workplace. From the #MeToo movement to a growing emphasis on paid leave and new pay equity laws, HR managers have their hands full. HR consulting firm XpertHR identifies 10 issues as some of the biggest challenges for human resource professionals in the coming year —see the rundown on Employee Benefit Adviser.

Most Young Workers Are using Retirement Accounts Like An ATM

Financial advisors who beat the save-early-and-often drum might want to stifle their agonized groans. To that point, 59 percent of investors ages 18 to 34 say they already have taken money from their retirement account, according to recent research by E-Trade Financial. 

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That figure has been growing steadily since 2015, when it was 31 percent. Get the scoop on this and other financial wellness woes on in this CNBC report.

11 Numbers To Know For 2019

There are a slew of important figures companies and employees need to know regarding health savings accounts, 401(k)s and flexible spending accounts. While the IRS announced HSA changes in May, the agency only recently announced annual changes to FSAs and 401(k)s. From contribution limits to out-of-pocket amounts, Employee Benefit News has all the figures employers need to know for 2019.

Brokers’ Roles Are Changing. Are they Prepared To Keep Up?

Employers increasingly want their brokers to provide expert consultation on what kinds of benefits best lure and keep talented workers, but for that to happen, brokers need more training from their own companies, according to MetLife’s 2018 Broker Study. Review key takeaways from the report and predictions for how the role of brokers might change in this BenefitsPRO review.

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Want To Add Value to Your Benefits Package? Offer These 4 Voluntary Perks

Employers looking to reduce healthcare costs might consider eliminating ancillary benefits such as vision, dental or disability. But, there are compelling reasons why employers should continue to offer or add these benefits — either paid for partly by the employer or as voluntary benefits with premiums paid by employees. See the top 4 voluntary benefits for 2019.

This Week in PlanSource: How To Stand Out With Emerging Tech

Join Kim Stout of BambooHR to discover how incorporating software recommendations into your benefits brokerage can help you improve the value you offer your small and medium business clients. You don’t have to build your own benefits technology to compete with nationwide brokers.

Kim-Stout BambooHR

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