Thanks to the Affordable Care Act (ACA), dependent children are eligible to receive their parents’ coverage until age 26. But what happens after that? Depending on the specific benefits their parents have, they may end up losing coverage immediately on their birthday.
It was time for a trip to go see my grandmother in her final stage of life.
The gig economy is here to stay. According a 2018 study by MetLife, 51 percent of U.S. workers said they were interested in contract or freelance work as opposed to a full-time job. And if freelancing continues to grow at its current rate, the majority of U.S. workers will be freelancing by 2027.
Independent workers value the flexibility, lifestyle, and professional development opportunities that freelancing brings. But more often than not, benefits and perks aren’t part of the equation. They should be.
From long weekends to beach excursions, summer is usually thought of as the hottest time of year to take a break. That’s a good thing—vacation reduces stress and burnout while improving overall happiness. Sounds like it’s time to start planning a fall vacation!
This year, over 235,000
In a world where health insurance is the second largest expense businesses face after salary, it’s more important than ever to offer a range of options to help reduce the overwhelming cost of healthcare. Voluntary benefits like accident insurance, pet insurance, telemedicine, and tax-exempt savings accounts have become a staple of any comprehensive benefits package. To stay competitive as an employer, it’s critical to give employees access to supplemental offerings that help protect them against the high costs of healthcare.
It’s no secret that healthcare costs are rapidly increasing. According to the Kaiser Family Foundation’s 2017 Employer Health Benefits Survey, the average family premium has risen by 55 percent since 2007, and deductible costs have skyrocketed even faster—increasing over 144 percent over the same time period. As a result, high deductible health plans (HDHPs) have become increasingly popular over the past few years.
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ACA, HRA, PPO—sometimes it feels like employee benefits has its own language. If you’ve ever scratched your head at a benefit acronym, it’s likely that your employees have too. We’ve put together a glossary of the most popular, albeit confusing, employee benefits and healthcare terms every HR professional should know so you can find all the answers you need.
Mental health has become an increasingly important piece of the ever-evolving benefits puzzle.
As summer draws to a close, HR professionals across the country are preparing for open enrollment. Top-notch benefits have become more important than ever to attract and retain top talent. In our recent open enrollment survey, Namely found that the vast majority of employees would give up novel perks for better benefits. However, most employees don’t want to pay higher premiums. So how can you provide high quality, affordable plans? Namely has teamed up with major insurance carriers to help companies do just that.
With unemployment at record lows, companies are looking for innovative ways to attract top talent and stand out from the competition. While paid time off (PTO), family leave, and even sabbatical have all been touted as game-changing perks, there’s one workplace benefit that both helps employees disconnect and serves a greater purpose. In addition to traditional vacation days, many companies are now offering volunteer time off (VTO).