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Inform Posts

Employee benefits aren’t always simple.

In fact, for many young employees, they’re downright confusing. Look at basic health insurance term knowledge, for example. Only 7% of individuals can define terms like premium, deductible and coinsurance, according to UnitedHealthcare. And that limited understanding can result in significant—and often unnecessary—expenses for both employees and employers. To put it monetarily, low health literacy is estimated to cost between $106 billion and $238 billion annually, according to the National Library of Medicine.

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The U.S. Equal Employment Opportunity Commission (EEOC) recently launched EEOC Explore, a new interactive data query and mapping tool that gives users access to the most current, granular and privacy protected aggregate data covering employment trends that is publicly available.

Employer Information Report EEO-1 (EEO-1) data is collected by the EEOC from private employers with 100 or more employees and federal contractors with 50 or more employees. EEOC Explore allows users to analyze employment trends and search this aggregate data by sex, race, ethnicity, location and industry sector.

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The COVID-19 pandemic has changed many aspects of daily life—including how employees celebrate the holidays.

The Centers for Disease Control and Prevention (CDC) urged all Americans to avoid gathering and traveling for the Thanksgiving holiday, and these sentiments will likely apply to future holiday celebrations as well. This may include—but is not limited to—Hanukkah, Christmas, Kwanzaa and New Year’s Eve.

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On Dec. 1, 2020, the Federal Motor Carrier Safety Administration (FMCSA) expanded and extended yet again the emergency declaration that provides truck drivers an exemption from Parts 390 to 399 of the federal motor carrier regulations (including hours of service, vehicle inspection and driver qualification rules).

COVID-19 trucking exemptions were originally issued on March 13, 2020, but have been repeatedly expanded to remain in force throughout the current pandemic. This latest extension is set to expire on Feb. 28, 2021 or until the national state of emergency ends, whichever comes sooner.

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The California Division of Occupational Safety and Health (Cal/OSHA) has adopted a temporary emergency standard for COVID-19.

The standard protects California workers who are not covered by the state’s aerosol transmissible disease standards (Section 5199) from exposure to COVID-19. The standard went into effect Nov. 30, 2020, and is set to expire on Oct. 2, 2021.

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Maintaining adequate insurance coverage is an important practice within any organization.

A key element of ensuring a robust insurance program is to take steps to avoid experiencing potential gaps in coverage during policy transition periods.

One common cause of such coverage gaps stems from claims that are reported after a policy expires. Fortunately, that’s where an extended reporting period (ERP) can help. Review the following guidance for more information on ERPs and when to consider implementing this offering.

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On Nov. 30, 2020, the U.S. Department of Labor (DOL) issued two opinion letters to help employers understand how to comply with the Fair Labor Standards Act (FLSA) overtime wage payment requirements for piece-rate and agricultural employees.

Opinion letters provide the DOL’s official position on how labor and employment standards apply in specific situations.

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Employees again this year contributed about 32% of the premiums while employers covered approximately 68%, quelling fears that we were moving rapidly away from the typical 70/30 employer/employee split.

As the Coronovirus pandemic sweeps the nation in 2020, a crucial pillar supporting the U.S. workforce is employer-sponsored healthcare. While we wait to see how postponed preventive care and delayed elective surgeries will affect the health of the nation's workforce, and how the total costs of COVID-19 testing, treatment, and vaccinations will be financed, we are already leveraging our local knowledge, as well as the data from this survey to recommend renewal strategies for 2021.