As the cost of healthcare has increased, HSAs, also known as a Health Savings Account, have become more and more popular. An HSA is a great way to save for medical expenses while also reducing taxable income. HSAs are often used in conjunction with a high deductible health plan (HDHP). With a high deductible health plan, you pay a lower monthly premium, but in the event that you do need medical care, you end up paying a larger cost up front. Thus, a Health Savings Account is a great option for individuals who want a lower cost health insurance plan like an HDHP, but still
How to Implement a Health & Wellness Program for Your Business
Employee Wellness is vital for a company’s success; not only can this help save you costs in the long-run, but it can also help build the foundation for a strong company culture. Employee Wellness programs show you care about your employee’s mental and physical health in and outside of the workday. While there isn’t ‘one correct way’ of building an employee wellness program, we can offer some insight into what a successful program looks like. Tips for Developing a Successful Employee Wellness Program: Survey Your Employees: You don’t want to spend a significant amount of time creating a wellness program only to realize that your employees
Staying Compliant with ThinkHR
Introduction to ThinkHR: This is Part 3 of a series of blog posts we’ll be sharing on our preferred HR technology platform, ThinkHR. You can read Part 1: How Think HR Can Help Reduce Your Business Expenses here and Part 2: How ThinkHR Can help Your Business Create an Employee Handbook here. In this post, we’ll be discussing ThinkHR’s unique Compliance tool. There are new laws and updates constantly, and it is vital to make sure your company is up-to-date with any new compliance acts. This tool includes useful features, such as: a Q&A Database, Employee Handbook Builder, Classification Tools, Job Description Builder, Health Care Reform, and
How ThinkHR Can Help Your Business Create An Employee Handbook
Introduction to ThinkHR: This is Part 2 of a series of blog posts we’ll be sharing on our preferred HR technology platform, ThinkHR. In this post, we’ll be providing an overview on how to create an employee handbook, and the importance of one in your business. ThinkHR makes this component of your business easy, with step-by-step instructions and tips. Providing your employees with an Employee Handbook creates better communication and clarification regarding rules, procedures and what is expected from your employees. Without an Employee Handbook, there can often be some confusion surrounding vague or changing policies. While this can certainly hurt your employees, it can also negatively
A Millennial’s Guide to Buying Health Insurance
How to do your taxes, how to start & manage your retirement plan, and how to select a health insurance plan. These are just a few things they don’t teach you in college — but they should. As a young adult, you already have a lot of new responsibilities like getting a job, paying your bills, renting an apartment and the list goes on and on. So if you’re young and healthy, why should you invest in a health insurance plan? You probably rarely see a doctor anyways… The truth is that getting a health insurance plan could actually save you money in the long
How ThinkHR Can Help Your Business Reduce Expenses
Introduction to ThinkHR: This is Part 1 of a series of blog posts we’ll be sharing on our preferred HR technology platform, ThinkHR. In this post, we’ll be discussing an overview of the tool and how it can help your business reduce expenses. Have you ever found yourself faced with an impossible decision as an employer regarding HR responsibilities? Or have you been frustrated with all of the changing rules and regulations, and most importantly, the impending costs to make sure you’re compliant with those changes? With the constant growth of new laws, it makes it more and more difficult to have all the resources you
5 Things Large Group Employers Should Consider Before Selecting a Health Insurance Plan
Selecting a health insurance plan for your employees is no easy feat. Depending on the size or demographic of your business, there could be a variety of specific benefits or providers your employees desire from their health insurance plan. It’s important to note that this is not a decision that should be taken lightly. A new survey shows that *56 percent of U.S. adults with employer-sponsored health benefits said that whether or not they like their health coverage is a key factor in deciding to stay at their current job. Furthermore, 46 percent said health insurance was either the deciding factor or a positive influence
Top 5 HR Compliance Issues and How to Solve Them
From employee leave of absences to managing benefits, to compensation regulations, compliance is one of the most challenging issues an HR professional faces on a daily basis. Our in-house HR Specialist, Gretchen, has outlined the top 5 HR compliance issues and some tips to help you solve them. 1. FMLA & CFRA Requests for employee leave of absences is a common concern faced by many HR administrators — especially as it relates to the Family Medical Leave Act (FMLA) and the California Family Rights Act (CFRA). Both policies enable time off for eligible employees under certain circumstances, but before determining which applies to an employee,
How to Select a Health Insurance Plan
When it comes to selecting a health insurance plan, it is certainly not “one size fits all” or even “one size fits most” for that matter. There are a variety of factors to consider such as your age, your career, your family, whether you’re planning to start a family, your medical history, your prescriptions, and more. That’s why we’ve outlined the top things you should consider when selecting a health insurance plan so you can ensure you’re getting a plan fit for your specific needs. Download Our Free Guide On How to Select a Health Insurance Plan Step 1: Determine how you’ll be getting a
What Employers Need to Cover in Anti-Harassment Training
Anti-Harassment Training is an extremely important element in maintaining a safe and welcoming work environment. That’s why many employers plan a regular, formal anti-harassment training that is compliant on new regulations. Harassment consists of unwelcome conduct — whether verbal, physical, or visual — that is based upon a person’s protected status, such as sex, color, race, ancestry, national origin, age, disability, genetic information, or other legally protected group status. California, for example, recently expanded their requirements for anti-harassment training. As part of the training, employers and HR professionals must cover: Abusive Conduct, Gender Identity, Gender Expression and Sexual Orientation, and Transgender Rights. This information needs