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Top 3 Hiring Trends for 2020

Best Money Moves

Top 3 hiring trends for 2020. It’s encouraging to see such employer confidence and motivation in the face of market uncertainty but they should consider that money on its own may not be the long-term solution to skill deficits and employee dissatisfaction,” said David Brown, CEO, Hays US. . Top 3 Hiring Trends for 2020.

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How to Help Employees Prepare for Open Enrollment 2020

Best Money Moves

How to help employees prepare for open enrollment 2020. Being more knowledgeable about health insurance benefits will help them enroll in the plan that’s right for them. This level of apprehension may explain why employees make hasty benefits decisions. Terms Employees Need to Know for Open Enrollment 2020.

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16 Surprising FSA and HSA Eligible Expenses Your Employees Should Know About

InterWest Insurance Services

Employers offer flexible savings accounts and health savings accounts to their employees so they can build up funds with pre-tax dollars to pay for health care and related expenses. As a result, while employees with HSAs are not pressured to spend funds in their accounts every year, those with FSAs are.

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More Insurers Pushing Virtual Care for Cost Savings

InterWest Insurance Services

More and more insurers are expanding the use of telemedicine, just as a new study shows promising cost savings of up to 25% from virtual care when implemented properly. The study’s authors noted that there are other benefits besides just cost savings.

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The Consolidated Appropriations Act: 2021’s Employee Benefits Provisions

McNees

The Consolidated Appropriations Act, 2021 (“Act”), signed by President Trump on December 27, 2020, contains several provisions affecting employee benefits. The distribution applies to certain federal disasters declared between January 1, 2020 and February 25, 2021, but excludes COVID as a disaster.

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Employers Focus on Cost Containment, Mental Health and Telemedicine

InterWest Insurance Services

A new survey has found that managing health care costs and expanding mental health benefits will be a top priority for U.S. employers as they ramp up benefits to compete for talent in the tight job market spawned by the COVID-19 pandemic. Steps they are considering include: Improving quality and outcomes to lower overall cost.

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How to Budget for Your Group Benefits Plan

InterWest Insurance Services

As the labor market remains tight and businesses struggle to find staff, more small firms are starting to offer employee benefits, particularly health coverage. That said, 53% offered health benefits in 2020, including 48% of businesses with three to nine employees. Getting it right.