UnitedHealthcare, Kaiser Permanente, and Humana’s Efforts on COVID-19

UnitedHealthcare UnitedHealthcare has a team closely monitoring COVID-19 and, as with any public health issue, we are working with and following all guidance and protocols issued by the U.S. Centers for Disease Control and Prevention (CDC), Centers for Medicare & Medicaid Services (CMS), Food and Drug Administration (FDA), state and local public health departments in supporting our members’ needs. To …

IMA Wealth – Participant Volatility Notice

6 Things You Can Do During a Turbulent Stock Market If you’re like most, recent news about the continued spread of COVID-19 (coronavirus) and the negative impact on the market has you concerned about the impact on your retirement savings. Bouts of market volatility are an unnerving, but normal, feature of long-term investing. They’re not fun, but you can expect …

Does Your Business Have a Retirement Plan?

A recently published study found that less than half of small businesses with under fifty employees provide their staff with a retirement plan. The survey also revealed that among businesses that employed more than 100 employees, however, retirement plans were available to 90% of employees. If you aren’t yet offering a retirement plan for your employees, there are many reasons …

A Comprehensive Guide to PEOs and Why Your Business Would Benefit from Using One

Many small businesses are taking advantage of professional employer organizations or PEOs. These organizations are basically a way to outsource human resources for small businesses that do not have the staff or time to take care of HR functions. A PEO assumes most of or all of the aspects of human resources for a business. This includes hiring, payroll, health …

The Most Important Federal Laws That Protect Employees

Several laws mandate clean, safe, and positive work environments for the protection of the average American employee: The Fair Labor Standards Act (FLSA), the Occupational Safety and Health Act (OSHA), and the Family Medical Leave Act (FMLA). These laws all work in tandem to provide an opportunity for American citizens to take advantage of benefits, time off to care for …

Boosting Morale Through Employee Wellness

In a 2015 survey by the Society for Human Resource Management, 76 percent of survey respondents currently offer employee wellness programs. Companies that lead this trend came from Silicon Valley, but many employers across the country now offer or plan to offer corporate wellness programs to help boost morale, reduce healthcare burdens to the employer, and to increase work productivity. …

4 Changes to the Affordable Care Act

The Affordable Care Act (ACA) is seeing a handful of changes this year. Some areas, like the automatic enrollment policy, were simplified for employers. Other line items will be tied to increased penalties. The good news is that there are fewer changes compared to previous years, so it’s easier to keep up with these shifts. Here are the top four …

Deciphering Health Insurance Lingo

Health insurance plans can be intricate and often confusing to decide what is important for your plan. There are many options to cater to what you, the employer, would like to make available to your employees. There are 3 major categories to focus on when looking at health insurance plans:

Millennials Eye Retirement

With 53.5 million workers, Millennials just became the largest generation in the US labor force, so retirement is not just a Baby Boomer issue. Millennials are concerned about retirement planning too. As a business owner, there are key behaviors to take into consideration when developing a retirement plan for Millennials. Social Security Concerns Many Millennials expect Social Security to go …

Phased Retirement

The scope of retirement is changing for the working world. More and more companies are starting to incorporate “phased retirement” policies in order to make the transition more comfortable for the retiree while retaining skilled and experienced employees. Phased retirement allows full-time employees to move to part-time schedules while beginning to draw retirement benefits. Baby Boomers are living longer, enjoying …