Spencer’s Benefits NetNews – April 19, 2019


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Featured This Week


New Reports





Integrated benefits platforms will help promote employee engagement now and in the future, experts say

Employers should start investigating integrated benefits platforms to promote employee engagement in the future, according to experts at an April Mercer webinar, entitled Cracking the Design Code to Engage Employees. An integrated benefits platform is an online portal where employees can access all employee benefits programs and vendors available to them in one place.

        (Read Cheetah) »

New toolkit helps employers create mental health-friendly workplace

The Department of Labor is touting a new resource that it says will help employers to better understand mental health issues and provide guidance on how to cultivate a work environment that supports employees with related conditions. The Mental Health Toolkit is an online gateway to background, tools, and resources for employers, providing valuable information and guidance on how to offer a mental health-friendly workplace.

        (Read Cheetah) »

No generation is getting it right when it comes to retirement planning

Americans are dramatically underestimating their financial needs in retirement, but they do not seem to realize it, according to a recent report from Natixis Investment Managers. More than two-thirds (67 percent) of American workers with access to a workplace retirement savings plan say they expect to have enough money saved for retirement to live as they want, or at least comfortably, as long as they are careful with spending. Yet the survey show their basic assumptions—about when they can retire, how much they need to save and how long their assets will last—are flawed.

        (Read Cheetah) »

Employers widen view of inclusion and diversity to include workplace culture and benefit programs

Employers are taking a broader view of inclusion and diversity, and a growing number are now embedding their inclusion and diversity objectives into workplace culture and benefit programs, (e.g., health care, retirement, voluntary benefits and perks), as well as employee pay and wellbeing initiatives, according to Willis Towers Watson’s 2019 Emerging Trends in Health Care Survey.

        (Read Cheetah) »

Vast majority of plans have lost grandfathered status, according to comments from ERIC and American Benefits Council

The vast majority of employer-sponsored plans have lost grandfathered status, according to comments from both the ERISA Industry Committee (ERIC) and the American Benefits Council. The two organizations submitted comments to the Departments of the Treasury, Labor, and Health and Human Services (Departments) in response to a request for information (RFI) on grandfathered plans. The Departments issued the RFI to understand the issues related to grandfathered health plans, and to estimate the impact of any potential changes to the rules for retention of grandfathered status for group health plans and group health insurance coverage.

        (Read Cheetah) »

Report finds small businesses increased average QSEHRA contributions in 2018

Small businesses increased their offerings through the qualified small employer health reimbursement arrangement (QSEHRA) in 2018 by allocating an average $297 a month to single employees and $445 to employees with a family. Employees used those allowances to reimburse critical health care items, including health insurance premiums, medical office visits, and prescription drugs. These are key findings from The QSEHRA: Annual Report 2019 from PeopleKeep.

        (Read Cheetah) »