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 2019 #BenefitsBenchmark Report, how medical marijuana could become a part of benefits plans, mid-year health trends to watch and more! Click To Tweet
2019 Benefits Benchmark Report
We’re excited to announce the 2019 Benefits Benchmark Report! We analyzed over 92 million benefit elections that have taken place in the PlanSource system to establish this year’s top trends in employee benefits, benefits enrollment and more. Click here to download your free report.
How Employee Assistance Programs Can Improve Mental Health in the Workplace
The month of May is observed as Mental Health Awareness Month in the US. Mental health issues are not a new problem, but in 2019, we have more people who feel empowered to talk about it.
In the workplace, mental health issues such as depression and anxiety can arise from conditions such as a negative work environment and harassment. The Workplace Well-being Report was released this week, highlighting the effectiveness of employee assistance programs (EAPs). This article analyzes its findings and looks at what lies in store for EAPs in the future.
Will Medical Marijuana Become Part of your Benefits Mix?
Many health plans might not want to touch marijuana with a 10-foot pole, but it might be time to start thinking differently about including cannabis in the benefits mix. So argues Elizabeth Manzo, an attorney with Lindabury, McCormick, Estabrook & Cooper based in New Jersey who specializes in benefits law with a focus on funds in the construction sector. See what could be on the horizon for medical marijuana in the benefits space in this Employee Benefits News review.
Six Mid-Year Healthcare Trends to Watch
As we hit the halfway mark of 2019, it’s worthwhile to step back as take a look at what’s trending, what’s getting attention, and most importantly, what’s impacting your business in the healthcare landscape.
There are big policy issues to resolve, practical product and operating decisions to be made, and increased pressure from customers making new, market-altering demands. Check out this year’s top mid-year trends.
Putting Humanity into HR Compliance: Compassionate Employee Benefits Administration
Health, disability and retirement laws and plans have something in common: They can be frustratingly complex. Following them can be intense exercises in deciphering and interpreting many rules, words and numbers. But employees are guided by their hearts and instincts when they think about the circumstances in which they must use these plans: “What happens if I get sick, become disabled or want to retire? What’s the impact on my family and me?” Learn how you can put the ‘human’ back in human resources with these tips from SHRM.
How to Create Employee Financial Wellness Programs that Lead to Lasting Behavior Change
Any organization putting forth the time, effort and expense to launch a financial wellness program wants to help its employees make lasting behavior changes that improve their health, wealth and happiness. The problem is that few organizations know what works, let alone how to create a program to achieve it. See how top companies are perfecting financial wellness education.
This Week at PlanSource: The Great Benefits Balancing Act [Webinar]
Join us for a free webinar in which we’ll break down how dependent verification works and how to implement one at your organization. You’ll discover why it’s even easier and just as effective as other, less desirable cost-cutting measures like reducing benefits or increasing co-pays, and hear success stories of employers that ended up saving big bucks in their benefits program after completing an audit. We’ll also discuss best practices for communicating the process to employees to create an easy, pain-free, money-saving experience for all.
Thought Of The Week
Offering voluntary benefits as part of an employee’s menu of benefit options may help maximize the effectiveness of a company’s healthcare dollars. Employers that combine specialty and medical benefits may be able to reduce turnover, increase productivity and help build a culture of health. – UnitedHealthcare 2018
How are your benefits programs fueling productivity and retention?