by admin | Oct 17, 2019 | Flexible Spending Accounts, Open Enrollment
As 2019 is nearing an end, many people are looking at this year’s medical expenses to plan for how much they should set back for next year. In investigating these expenditures, you may notice that you still have money in your Flexible Spending Account (FSA) for 2019. FSAs are unique in that any unused money from this plan year is forfeited once the new year begins. You definitely do not want to leave money in your FSA once 2020 rolls around. To help, we’ve compiled a list of some ways to use up your hard-earned FSA money that you may not have thought possible!
- Acupuncture
- Acne treatment
- Breast pump and supplies
- Chiropractic treatments
- Dental treatments—orthodontia, medically necessary water fluoride treatments, caps, fillings, x-rays
- Eyes—glasses, surgery, contact lenses
- First aid kit
- Genetic testing—including BRCA gene testing
- Motion sickness medicine
- Nutritionist consultations
- Sunscreen
- Smoking cessation program
- Vaporizer
- Vasectomy
- Weight loss programs/surgery
There are even some high-tech gadgets that may fall into the medically qualified expenses category:
- Acne light therapy
- Electronic stimulation instruments for pain
- Medically necessary mattresses
- Smart thermometers
Don’t leave your FSA money on the table in 2019! You have earned this money so make sure you use it to its full potential.
This list is not an exhaustive list of ways to spend your FSA money nor does it guarantee your insurance program considers these to be qualified expenses. Check with your HR department and insurance agent if you have questions about qualified expenses.
by admin | Sep 12, 2018 | Employee Benefits, Workplace
Understandably, some employers (and employees) have mixed feelings about the gig economy. While many enjoy the freedom gained and overhead saved, others miss office camaraderie and routine. No matter your position, research shows that the trend isn’t going anywhere anytime soon. By 2021, 9.2 million Americans will work on-demand jobs, and so employers need to start asking themselves how they plan to keep employees of all stripes engaged in office work and culture.
As HR Technologist cautions, employee engagement goes both ways.While employers should be concerned about the reliability and loyalty of their freelance pool, they must also maintain strong relationships with their current full-time employees. Best practices for addressing this include providing similar perks to all workers, using in-depth onboarding services and training, and maintaining meticulously open lines of communication.
It is also important to remember that integration like this can’t happen overnight. Building a strong and diverse team, whether fully remote or mixed, takes time. Many companies are engaging “future ready” practices, so that hybrid workforces can be available whenever a particular company is ready to consider open options. Such practices are rooted primarily in savvy digital platforms, allowing for collaboration and innovation, as well as clear conversations about benefits and salaries. Not only do such techniques strengthen the current team, but they also position organizations as solid competitors for rising digital talent. Finally, remember that talent management isn’t merely an agenda item. It’s also a driving tool for strategic decisions about innovation, growth, and performance ability.
While there is no one established way forward, it’s clear that employers who are cognizant of the growing gig economy trend are able to both deepen and strengthen their current talent pool while looking toward the future.
by Bill Olson
Originally posted on UBAbenefits.com
by admin | Aug 28, 2018 | Benefit Management, Group Benefit Plans, Health Plan Benchmarking
Since the ACA was enacted eight years ago, many employers are re-examining employee benefits in an effort to manage costs, navigate changing regulations, and expand their plan options. Self-funded plans are one way that’s happening.
In 2017, the UBA Health Plan survey revealed that self-funded plans have increased by 12.8% in the past year overall, and just less than two-thirds of all large employers’ plans are self-funded.
Here are six of the reasons why employers are opting for self-funded plans:
1. Lower operating costs frequently save employers money over time.
2. Employers paying their own claims are more likely to incentivize employee health maintenance, and these practices have clear, immediate benefits for everyone.
3. Increased control over plan dynamics often results in better individual fits, and more needs met effectively overall.
4. More flexibility means designing a plan that can ideally empower employees around their own health issues and priorities.
5. Customization allows employers to incorporate wellness programs in the workplace, which often means increased overall health.
6. Risks that might otherwise make self-funded plans less attractive can be managed through quality stop loss contracts.
If you want to know more about why self-funding can keep employers nimble, how risk can be minimized, and how to incorporate wellness programs, contact us for a copy of the full white paper, “Self-Funded Plans: A Solid Option for Small Businesses.”
by Bill Olson
Originally posted on ubabenefits.com
by admin | Aug 16, 2018 | Health & Wellness, Human Resources, Workplace
We are currently living in a low-trust society as a whole — we keep hearing that news is fake, science is fake, and so on. That makes it hard for us to trust anyone and is why we need to work on building trust in the workplace more than ever. Human resources professionals and business leaders have an imperative to instill a culture of trust — not just because it is key to employee engagement, satisfaction, and performance, but also because it’s just the most human thing to do.
When you look at the foundations of trust, they are simple: People want to trust that they are going to be treated with respect, that their leaders are credible, and what they do matters. They want to know that they are secure.
There are three building blocks of trust: protection, presence, and progress. I call them my “Three Ps.”
Protection
Feeling protected is a foundational need. To earn the trust of someone else, you need to provide this protection. Your employees want to feel that the organization and their bosses are looking out for them, and that they genuinely care. Underlying the protection we all need and desire are “BLT” (just like the comforting feeling of the classic BLT sandwich): balance, love, and truth. When people feel protected, they are going to demonstrate kindness, loyalty, courage, and generosity.
When you don’t instill a sense of protection, it will stifle innovation and slow down the organization.
Presence
Presence is simple. It’s literally being present in all your interactions — meetings, one-on-one discussions, and interviews. We talk a lot about mindfulness these days, but it extends beyond the personal to the relational. Today, it feels like no one is ever present — we are all tuned in to our devices all the time. So turn off your computer, phone, tablet, watch, etc. when someone comes into your office, stay focused in conversations, and don’t bring your devices to meetings. Put your attention into what you value. Enjoy the present moment and truly experience it.
Lack of presence sends a message of lack of trust.
Progress
As humans, we constantly make progress, minute by minute. We want to know that we are moving in the right direction. How are we helping our employees make progress? Are we focused on helping them move ahead? Supporting your employees’ efforts and making progress is vital to helping them feel that you care about them fundamentally.
I have a personal philosophy of growth and recommend setting weekly growth plans. I pick one personal topic, like last week was protein, and I investigate to understand it. I also pick one work topic, like running better meetings and investigate that for the week. It’s not complicated — just pick a topic and spend the week growing at it.
Ask the Right Questions
Communicating needs is important, but it takes trust to do that. One way to develop the three Ps of trust is by asking the right questions, then really listening to the answers and acting on them. It shows you care and that you want to help people not feel like they are stranded or drowning. It tells your staff it’s safe to say that they are overwhelmed or hung up somewhere, or they don’t have the answers.
Questions for one-on-ones can include:
Protection
- How is life?
- Do you have any decisions you are hung up on?
- Am I giving you the resources or information you need to do your job?
- Do you have too much on your plate?
Presence
- What are you worried about right now?
- What rumors are you hearing?
- Would you like more or less direction from me?
Progress
- If you could pick one accomplishment to be proud of between right now and next year, what would it be?
- What are the biggest time-wasters you encounter?
- What type and amount of feedback works best for you?
by Dan Riordan
Originally posted on thinkhr.com
by admin | Aug 3, 2018 | Hot Topics
We are halfway through our summer break and by now you have heard 1,000 times, “I’m bored!” from your kids! How do you survive the summer and keep your sanity? Follow these tips to make this summer break memorable and tackle the challenge of keeping your kids engaged.
- Keep A Routine
Kids thrive with schedules. The idea of just lazing around all summer sounds great at the beginning, but it feeds the “I’m bored” monster. Having no routine or daily schedule leaves kids with no expectations of what needs to be accomplished for the day. I cannot count the number of times I’ve texted my children from work at 1pm, “Have you gotten dressed and brushed your teeth?” Set up a daily routine and post it in a well-traveled location in your home. Set up expectations for the day—make your bed, get dressed, feed the dogs, brush your teeth, put away laundry. Simple tasks give familiarity to the day and help guide them to productivity.
- Water & Sun Safety
Teach your kids to always ask before heading out to the pool—whether it’s in your backyard, a friend’s house, or the neighborhood splash park. When they are in the water, make sure someone is watching. Among preventable injuries, drowning is the leading cause of death for children 1 – 4 years old. Drowning happens quickly and quietly—not like it’s portrayed in movies and on TV with lots of splashing and yelling. Keep kids in your sight at all times. Likewise, pay attention to applying sunscreen consistently. The sun’s UV rays can damage your skin in as little as 15 minutes. Apply sunscreen every hour and if possible, have your children wear UV protected clothing and hats.
- Summer Bucket List
Make your “Top 5 Summer Activities” list as a family and schedule them! Maybe it’s to try the new snow cone shop around the corner or go to a special concert series in the park. Your community is bustling with things to do during the summer. Research what special speakers are coming to your local library, break out your list of favorite movies from when you were a kid and introduce them to your children (Space Camp, Neverending Story, Flight of the Navigator!), make slime! Making a list of these fun activities gives your children something to look forward to and work towards achieving.
- Learn a New Skill
This summer’s skill in my house is learning how to type! I found a website that has free lessons and skills tests and my kiddos are completing modules of learning online during the day. Our hope is by the end of the summer, our teenagers can type using all 10 fingers! Figure out a skill that your children could benefit from learning and find a way to teach them this skill. It doesn’t mean you are now instructing them on how to play a violin, but if they want to learn, can you find a local music store that has some summer lessons? Or what about your friend’s artistic teenager who could teach your child how to draw anime or how to sing?
- READ!
You knew that one was coming. We’ve all heard of the “summer slide” where kids slide backwards in learning during their summer break. Reading not only prevents this slide but can propel your child into success for the coming school year. Get to your local library and talk with your librarians about the latest book series that are on fire for your school-aged children. Read along with your kid so you can discuss the twists and turns in the books. Have your student draw pictures of their favorite scenes in their book. Get your noses in some books! Readers are leaders!!
With these survival tips you will be blazing the trails to a successful summer. Parents—you got this!
