Practical HR Tips, News & Advice. Updated Daily.
Memorial Healthcare Systems (MHS) has paid the U.S. Department of Health and Human Services (HHS) $5.5 million to settle potential violations of the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Privacy and Security Rules. MHS has also agreed to implement a robust corrective action plan. MHS is a nonprofit corporation which operates six […]
Almost every organization—regardless of industry—shares a similar greatest asset: their workforce. In fact, for many organizations their human capital is what differentiates them from their competition. The right talent will constantly hit the points your organization is striving for—whether through having meaningful and productive conversations with clients, making good decisions that benefit the organization, or contributing to an overall positive work environment.
If you are among the employers offering an high deductible health plan (HDHP), it’s likely you see it as a way to reduce health care costs for the company. It can also be a helpful step on the path toward creating better health care consumers, by allowing employees to understand the real cost of their insurance – an important aspect of containing costs.
When employers have a sense of how their peers’ benefits and compensation approaches measure up to their own, they can more confidently identify opportunities for improvement. The Best-in-Class Benchmarking Analysis produced by Arthur J. Gallagher & Co. (Gallagher) examines the strategies and tactics used by high-performing organizations to control healthcare cost spending while competing for […]
National health expenditure growth is expected to average 5.6% annually over 2016-2025, according to a report compiled by the Centers for Medicare & Medicaid Services’ (CMS) Office of the Actuary (OACT). These projections are constructed using a current-law framework and do not assume potential legislative changes over the projection period.
When it comes to IRS audits, “an ounce of prevention is worth a pound of cure,” as Benjamin Franklin so wisely put it. The cure, in this case, most often requires restitution of deposits to your 401(k) or 403(b) plan, plus earnings, and in some cases, a sanction paid to the Internal Revenue Service (IRS).
by Jane Meacham, Contributing Editor The U.S. Department of Labor (DOL) on March 1 proposed a 60-day delay to June 9 of its so-called fiduciary rule on investment advice conflicts of interest and related exemptions, pushing back the rule’s original effective date of April 10. The DOL also opened two comment periods related to the […]
The Internal Revenue Service (IRS) has released guidance on its advice provided by determination letters and private letter rulings reflecting several changes that took effect January 1.
Yesterday’s Leadership Daily Advisor set the stage for some far-reaching employee benefits design change in the works. Bolstered by fresh research showing that the Millennial workforce is quickly shaping new strategies for the entire benefits arena, we touched on three studies identifying what’s ahead. Today, we describe three main priorities that will drive the most […]
While clearly not every job is a good candidate for remote work, there are millions of jobs that are. This fact contributes to the ever-growing percentage of the workforce (now estimated to be around 40%) that work virtually in some capacity. Some employers remain wary of allowing remote work, while others embrace it fully. Let’s […]