Benefits
are one of the greatest challenges facing human resource (HR) Professionals.
Benefit regulations are an ever-changing industry concern. HR professionals
should stay well-informed of government and state regulation changes and be
sure to keep employees up-to-date through newsletter communication, workshops
and briefings. HR Professionals should review packages offered by other
companies in the industry. While reviewing other competitive packages is
informative, be aware in this day, there is no one size fits all answers regarding
benefits or HR for that matter. If considering making changes to your
companies’ benefits package, be thorough and consider all variables before
making changes.
As you
know in March 2010, the federal government passed health care insurance reform,
which included the Patient Protection and Affordable Care Act (PPACA) signed
into law on March 23. The Health Care and Education Reconciliation Act of 2010
signed into law on March 30. These bills, together, are referred to as the
Affordable Care Act (ACA).
As an
employer, it is effective to adopt the approach of keeping healthcare cost
under control in a number of ways. This approach includes increasing the share
of premiums that employees pay, increasing deductibles and co-pays, and
implement various managed care strategies.
Periodically
review your current plan and establish whether the plan your company has in
place is the best choice for your employees. Indemnity and managed care plans
are:
· Indemnity
Plan
· HMOs
(Health Maintenance Organizations)
· PPO
(Preferred Provider Organization)
· POS
(Point-of-Service Plans)
· Consumer
Directed Plans
SBA has a great new small
business healthcare assessment tool located at http://www.sba.gov/healthcare.
Excellent Tool!
Click here to receive any of
the below small business healthcare insurance Checklists to assess your current
health care position. Healthcare
Checklist Request.
Stay tuned for HR Lunch Café
coming very soon. Name a Topic You would like us to research! All4hrbiz.gmail.com
April D.
Halliburton, President
All-4-HR &
Business Solutions, LLC
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