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Health Insurance Resources - Webinar
The Benefits U Team offers Webinars through our Benefits University. This resource is available, at no cost, to educate and keep you informed in areas that impact businesses. We are pleased to offer the following resources as a follow-up to these Webinars.
New Non-Discrimination Testing: What Does It Mean To Me?
If you have a 401(k) plan, cafeteria plan or a self funded medical plan, you may know about non-discrimination testing. Until now, it didn’t apply to fully insured group medical plans. That’s about to change, and change quickly, because Health Care Reform has now extended non-discrimination testing to fully insured group medical plans. Learn more about the new testing requirements, what it means to you, what you need to do to comply and the penalties for not complying.
The Unexpected Impact of Health Care Reform
We have all felt and continue to feel the impact of health care reform. Some of the obvious areas impacted are the costs of coverage brought about by the mandates which require health plans to cover more and changes like expanded coverage for dependents.
There are areas that have been affected by health care reform that may not be so obvious. The Department of Health and Human Services, the Department of Labor and the Internal Revenue Service continue to roll out regulations. These regulations have created increased notice obligations that will require plan sponsors to revise enrollment materials, summary plan descriptions ("SPD"), and other plan documents. Plan sponsors must ensure that their increased notice obligations are met in a timely manner. Failure to respond to these required notices can result in significant financial penalties.
Health Care Reform: Grandfathered Health Plans Online Resources
Thinking of making a plan change this year? Before you do, you might want to consider tuning into our next Health Care Reform Update. In simple, practical terms, we will explain the latest health care reform buzz regarding “Grandfathered” health plans and what that means to you.
Accountability in Performance: Expectations, Shortcomings, Success Online Resources
Performance is about accomplishing something. Adding employees to performance can present challenges if an employee is unmotivated, lacks focus due to personal problems, needs training or doesn’t have a clear picture of job expectations.
If any of these scenarios sound familiar, chances are you aren’t thrilledwith your current employee performance review process or you may not have one. Holding employees accountable and measuring performance is something we all know we “should” do, but may not because it’s time consuming and we think it does little to change employee behavior overall.
Learn how the employee performance review process is streamlined and impactful. It becomes simple for managers to agree upon goals and skills with the employee, which becomes a win-win situation. With clearly outlined goals, the process benefits BOTH the individual and the organization by creating happier, satisfied employees that are more productive.
Strategies and Tactics to Reduce Benefits Costs Online Resources
Health care reform will continue to challenge us all to reevaluate the emphasis we have placed on our current health care system.
Business owners are faced with ongoing increases in benefits costs and health care reform has and will continue to have an impact in that area. We are all looking for ways to cut expenses, and take care of our employees and their families, without watering down the benefits we provide.
Take a proactive approach and get ideas on how you can create a plan to reduce benefits costs.