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Private medical insurance becomes most important employee benefit

Employee Benefits

Private medical insurance (PMI) has become the most important perk that employees look for in their benefits package, according to new research by Zest. Employers need to take note of this demand and look at how they can adapt their benefits offer to meet the current needs of employees, if they are to attract and retain talent.”

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Employee benefit options: Self-funded vs fully-insured vs level-funded

Higginbotham

According to the International Foundation of Employee Benefits Plans (IFEBP) , employers project a seven percent increase in health insurance costs for 2024. Fully-Insured Health Plan A fully-insured plan is a traditional health insurance plan. The employer, employees or both pay the premium.

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What Companies Should Know Before Offering Employee Life Insurance

Pacific Prime

Companies offering employee life insurance as part of their employee benefits package is an excellent talent retention strategy. A life insurance policy will help protect the employees’ dependents from financial pressure when meeting outgoing expenses in the event of the former’s untimely passing.

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75% used workplace schemes to access healthcare services through insurance

Employee Benefits

million employees who accessed healthcare services through health or protection insurance in 2022, 1.3 million (75%) relied on workplace-provided schemes to do so, according to research by the Association of British Insurers (ABI). In addition, insurers arranged 1.2

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OPM Urged to Commit to Protecting IVF in Federal Health Insurance

McDermott Will & Emery Employee Benefits

When you […] The post OPM Urged to Commit to Protecting IVF in Federal Health Insurance appeared first on EMPLOYEE BENEFITS BLOG. The letter comes as some states have signaled an interest in enforcing personhood rights in treatments involving embryos, according to this Federal Times article.

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6 steps to designing a great employee benefits program

Achievers

What do you think of when employee benefits are mentioned? Traditional offerings like health insurance and retirement plans are likely the first things that come to mind. Building a great benefits program helps your company attract and retain the best talent possible, keeping team members engaged and happy.

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How to offer supplemental dental insurance

PeopleKeep

While offering a primary dental policy can help employees cover these types of expenses, they may still have to pay a good portion of the bill. By offering supplemental dental insurance, you can help your employees save money on these costly procedures and maintain good oral health.

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