Affordable Care Act
Buy Sell Agreement
Critical Illness Insurance
Employee Assistance Programs
Health Savings Account
Minimum Essential Coverage
Reference Based Pricing
Term Life Insurance
Offering a great benefits package serves as your company's most effective path to attracting the most desirable employees. The best programs not only help you find high quality employees, but also keep them successful and in good health standing during the year. Still, some companies fail to actively encourage employee benefits engagement. In order for you to get a return from your investment towards group benefits you have to help your employees see the value of the benefits being offered to them.
There are many popular and trending voluntary employee benefits to choose from when seeking to gain and retain top talent for your business and to increase benefits engagement and employee satisfaction.
With the rise of telehealth, the majority of your interaction with physicians could be digital sooner rather than later. Electronic prescribing is just one aspect of this. Electronic prescribing, or e-prescribing for short, is when a physician or healthcare provider electronically sends prescription information to a pharmacy. Instead of having to write out a prescription by hand, all of the necessary information is transmitted instantaneously via the internet. It's not a difficult concept to grasp. There are also a number of benefits to prescribing drugs electronically.
These days, employees expect to be presented with a variety of voluntary benefits. They want the opportunity to select the benefits that are relevant to their lives, not to get stuck one-size-fits-all solutions that they can barely make use of. But, as an employer, you can't just offer your employees everything under the sun. You have a limited amount of time and resources with which to craft your benefits package. In order to offer a varied — yet also tailored — benefits package with something that will appeal to everyone, you need to know what's popular with employees.
Voluntary employee benefits are no longer an afterthought. They are at the forefront of most people's minds when looking for a job. And with unemployment at its lowest rate in decades job seekers are in the driver's seat. If you don't offer a compelling benefits package then the most qualified applicants are going to look elsewhere. But simply offering voluntary benefits slapdash isn't enough. You have to do it right.
There's lots of talk about adding value to your benefits package but precious little about creating value with what you already have. Employee benefits — especially voluntary benefits — are key to attracting and retaining talent in today's job market, but simply adding more and more isn't the ultimate solution. You need to make sure that the benefits you already offer are understood and appreciated by your employees.
If you've been following the blog recently you've probably heard of the debate over pharmacy benefit manager (PBM) rebates. If you haven't then don't worry, we'll catch you up on it. Not too long ago, the Trump administration proposed a plan that would end drug rebates for federal payers. Even more recently Senator Mike Braun, a Republican from Indiana, introduced a bill that would also move to end them in the commercial sector. It's clear that many politicians on both sides of the aisle are not happy with how PBM rebates have worked out.
There's a lot of talk floating around about how you need to dazzle potential employees with your benefits package. An impressive salary just isn't enough anymore. Highly-qualified job seekers are getting offers like that left and right. And what about your current employees? They desire good benefits too. If you aren't offering them what they need, they may end up looking elsewhere. One thing that not all employers offer is a competitive benefits package.
Do you know that the cost of healthcare is rising? Yes, you do. It's exhausting to hear that repeated over and over, but ignoring it won't make it go away. What you do about it can make a world of difference. Especially when it comes to your ability to attract and retain new talent.
The traditional 9 to 5 workday is still the most common full-time work schedule, but the idea that it's the only path towards productivity has been challenged in recent years. Instead, many are extolling the virtues of the flexible schedule — particularly when it's combined with the opportunity to telecommute.
✔ Call 866-795-4283 to schedule a consultation.
We believe in revealing the real problem, challenging the status quo, and providing definable solutions.
Summerlin-Roberts uses a professional diagnostic process to help you categorize your needs & prioritize objectives.
We'll identify solutions that will specifically fit your needs. Any recommendations made will support your end objectives.
Once we have executive buy-in, we oversee the implementation of any new technology, solutions, or benefits from start to finish.
Summerlin-Roberts monitors market trends, technology and more. Our team works hard at maintaining a best in class approach.