Next Administration will have power to change employee benefits landscape

The next President will have the power to change the employee benefits landscape, and several employee benefits issues have been important during this year’s election, according to a recent survey from the International Foundation of Employee Benefit Plans (IFEBP). The 2016 Election: Employee Benefits Issues survey contains responses from 486 human resource and benefits professionals and examined several campaign issues impacting American workplaces.

The survey results show that employers support a varied mix of the benefits issues being debated. For example, in health care, the top issues that employers support are:

• More health care provider price transparency (96 percent);
• Tax-favored status of employer-provided health coverage for employers (87 percent);
• Small business health plans that allow small businesses and other groups to join together to offer benefits to their workers/members (also known as association health plans) (85 percent);
• Increased access to mental health care (84 percent); and
• Tax-favored status of employer-provided health coverage for workers (82 percent).

IFEBP also found that for other benefits-related topics, the top issues that employers support are:

• Tax-favored status of employer-provided retirement savings for workers (91 percent);
• Tax-favored status of employer-provided retirement savings for employers (88 percent);
• Tax exclusions for child-care expenses (75 percent);
• Tax credits for businesses that hire apprentices (64 percent);
• Consolidation of different types of retirement savings vehicles (60 percent);
• Living wage/increased minimum wage (59 percent); and
• Mandated paid family leave (54 percent).

SOURCE: www.ifebp.org/bookstore/2016-election-employee-benefit-issues/Pages/default.aspx.

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