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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

These rules were all not mandatory and employers could choose whether to relax them or not. Here are the rules that will sunset at the end of 2021: Allowing employees who had declined group health insurance for the 2021 plan year to sign up for coverage. Allowing for a higher FSA carryover amount than the typical $500.

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Bristol Airport becomes accredited living wage employer

Employee Benefits

Bristol Airport has become a living wage employer after receiving real living wage accreditation from the Living Wage Foundation. The real living wage is the only UK wage rate based on the actual cost of living and accreditation is awarded to employers who pay their staff this as a minimum by the Living Wage Foundation.

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Study Pegs Group Benefits Return on Investment at 47%

InterWest Insurance Services

A recent study has found that employers who offer health insurance coverage to their staff had an average return on investment (ROI) of 47%, meaning that for every $1 an employer spends, it will receive $1.47 The analysis by Avalare , a wellness plan provider, and commissioned by the U.S. in benefits.

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New Approaches to Managing Health Care Costs, Improving Outcomes

InterWest Insurance Services

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. The following are some strategies that employers are pursuing.

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Employment Laws in Nigeria

Global People Strategist

However, any organization looking to take advantage must be prepared – creating and adhering to employment contracts that abide by employment laws in Nigeria is crucial for successful expansion into this highly desirable hub. Employment Laws Dictating the Nigeria Labor Landscape. The Nigerian Labour Act, 1971.

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Agencies Clarify How Employers Can Charge COVID-19 Vaccine Premium Incentives

McDermott Will & Emery Employee Benefits

US employers have grown increasingly interested in identifying incentives that increase COVID-19 vaccination among employees. The post Agencies Clarify How Employers Can Charge COVID-19 Vaccine Premium Incentives appeared first on EMPLOYEE BENEFITS BLOG.

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Tips for Safeguarding Your Baby Boomer Construction Workers

InterWest Insurance Services

Also, any time an older worker suffers a workplace injury, they are more likely to be out of commission — and the road to recovery is longer. Compared to office workers, construction workers are also less likely to have health insurance and they have an increased likelihood of developing a chronic disease as they age.