United Benefit Advisors Insight and Analysis Blog

Are Opt-Outs on the Way Out?

Posted by: Danielle Capilla    Oct 27, 2016 10:30:00 AM

Opt-out payments or cash in lieu of benefits have been a staple in the employee benefits industry for many years. Employers offer individuals who are eligible to enroll in their group health plan a sum of money, typically paid monthly, to those who waive enrollment in the group health plan. Employers who offer group health plans often use opt-out payments to share the savings they receive when an employee chooses not to enroll in the benefits offered.

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Topics: employee benefits, UBA Health Plan Survey, Danielle Capilla, opt-out arrangement, waive medical coverage

Educating Employees on Wellness Program Options

Posted by: Kathy Ellis    Sep 20, 2016 10:30:00 AM

Adopting best practices for wellness program designs are important in successfully investing in a workplace environment focused on well-being. Finding the right partners, tools, and interventions, and creating an incentive design that hits the sweet spot to motivate employees to participate are all essential. Many organizations fall short and wellness programs often stall when employees do not understand the program. Whether they question an organization’s intent in offering a wellness program, the program components are too overwhelming or not communicated well, or employees simply do not understand how programs affect them, educating employees on wellness program options is crucial to a program’s success.

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Topics: wellness incentives, employee benefits, wellness programs, health care cost containment, Kathy Ellis, Granite Group Benefits

How to Realize the Full Potential of a Private Exchange

Posted by: Michael A. Fleck    Sep 1, 2016 10:30:00 AM

In Part 1 of this series, I took a few shots at some of the hype around private exchanges, but I still come down firmly on the “pro” side of the conversation.

Given the right circumstances, and by taking the right approach, a private exchange can deliver a tremendous amount of value while solving many of the challenges facing employers who wish to offer a sustainable and effective employee benefits program.

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Topics: employee benefits, private exchanges, Benefits Passport, UBA private exchange, employee benefits advisors, Hanna Global Services, Michael Fleck

New Benefits Target Employee Debt

Posted by: Geoff Mukhtar    Jul 14, 2016 2:44:48 PM

Today, most new full-time hires expect a company to offer certain standard benefits – health, dental, vision, and life insurance, paid vacation and sick days, and a 401(k) or pension. Some companies go beyond this and provide other benefits such as profit sharing, parking reimbursement, mobile phone reimbursement, wellness programs, and even on-site daycare. So what does the future hold for employees when it comes to their expectations of a traditional benefits package?

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Topics: employee benefits, group benefits, tuition reimbursement, student loan

Don't Neglect Written Policies and Procedures

Posted by: Elizabeth Kay    Apr 14, 2016 10:00:00 AM

UBA Department of Labor Audits white paperI have worked with my fair share of companies, both large and small, from companies that are just starting out to those that have been well established for 30 or more years. It has been my experience that most companies, no matter how long they have been in business, don’t establish written policies and procedures until they have more than 30 employees.

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Topics: employee benefits, Department of Labor, Don't Roll the Dice on Department of Labor Audits, HR policies and procedures, human resources policy

Negotiating over COBRA Coverage – Use EXTREME CAUTION!

Posted by: Elizabeth Kay    Dec 15, 2015 12:00:00 PM

Proceed with cautionHave you ever overheard the new employee in the break room, bragging about how good their health insurance was with their previous employer, and how much less expensive it was than the coverage they are currently being offered?

You may think ”If it was so good, then why give it up?” There are always a number of factors that can lead to someone making a job change, but what happens when COBRA becomes a part of the negotiating process when they are working out the terms of employment with the new company?

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Topics: employee benefits, COBRA, ERISA, Elizabeth Kay, COBRA continuation coverage, health care benefits

How to Get Employees' Attention during Open Enrollment

Posted by: Mathew Augustine, GPHR, REBC    Oct 1, 2015 12:00:00 PM

It’s that time of the year – open enrollment season is here! Insurance carriers are presenting renewals and brokers are presenting ways to alleviate the cost pressure with innovative cost management strategies. HR and benefits professionals are under pressure to think out of the box and come up with new and improved benefit programs to engage employees. Benefits administration companies are busy getting staffed, trained and ready for long hours and last-minute client decisions. And employees are getting ready for the barrage of benefits-related communications that are coming their way.

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Topics: employee engagement, employee benefits, Open Enrollment, Hanna Global Solutions, Mathew Augustine

How to Motivate Employee Participation in Your Wellness Program

Posted by: Sara Saidi    Aug 18, 2015 12:00:00 PM

Wellness rewardsHave you ever heard the quote, “If you take care of your people, they’ll take care of your business?" It’s great advice and goes beyond ensuring that they get a paycheck each month. Does your company show that they care about an employee’s total well-being? You should, especially considering that an employee’s physical and mental well-being can affect productivity and consequently cost the company money. One great way to show employees that you are invested in them, and to help them stay healthy, is through a wellness program.

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Topics: wellness, wellness incentives, employee benefits, health care, The Wilson Agency, cost of health care, Sara Saidi

New ACA Implications for Cafeteria Plans: Change in Status and Changing Employee Elections

Posted by: Danielle Capilla    Jul 21, 2015 12:00:00 PM

Cafeteria plans, or plans governed by IRS Code Section 125, allow employers to help employees pay for expenses such as health insurance with pre-tax dollars. Employees are given a choice between a taxable benefit (cash) and two or more specified pre-tax qualified benefits, for example, health insurance. Employees are given the opportunity to select the benefits they want, just like an individual standing in the cafeteria line at lunch.

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Topics: employee benefits, section 125 plans, PPACA Affordable Care Act, Danielle Capilla, cafeteria plan, IRS Code Section 125

Congress Taking (Small) Steps for Employee Wellness Programs

Posted by: Jennifer Stanley    Apr 9, 2015 12:00:00 PM

The Patient Protection and Affordable Care Act (PPACA) specifically encourages and promotes the expansion of wellness programs in both the individual and group markets. In the individual market, the secretaries of the departments of Health and Human Services (HHS), Treasury, and Labor are directed to establish a pilot program to test the impact of providing at-risk populations who utilize community health centers an individualized wellness plan that is designed to reduce risk factors for preventable conditions as identified by a comprehensive risk-factor assessment. Results will be compared against a controlled group.

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Topics: wellness, employee benefits, wellness programs, PPACA Affordable Care Act, 2014 Health Plan Survey