Keeping compliant: Pay equity law updates

New Connecticut pay equity law On May 22, 2018, Connecticut Gov. Dannel P. Malloy signed Public Act No. 18-8, “An Act Concerning Pay Equity,” into law. The new Connecticut law follows a recent trend by states to enact laws prohibiting employers from seeking salary history from prospective employees. Connecticut now joins California, Delaware, Massachusetts (see below), […]

You signed a consent decree. So now what?

Any employer who has been on the receiving end of a lawsuit filed by the EEOC or a similar state agency is aware that a standard requirement of settling this type of case is entering into a “consent decree.” A consent decree is a public record (which the agency will publicize on its website) that […]

10 useful HSA FAQs for 2017

Financial services must tie these three factors together – customer experience, best practices and reliability/responsiveness – to have an effective web presence. They can’t go hard into one particular area and ignore the others. They have to understand what’s available versus their competitors, what consumers think of their sites versus competitors’ and how their sites are performing.

Half of employees don’t understand their health benefits, poll says

The typical argument in favor of the United States’ unique system of health care often centers on the freedom consumers have to choose the benefits that best meet their needs. In reality, however, few Americans are truly health care shoppers. Most get insurance through their employer, and even if the employer offers an array of […]

How voluntary benefits can set your company apart

Offering employees voluntary benefits is a way to set your company apart from competitors as the job market continues to thrive. For companies large and small, benefits can be used to attract new talent and, importantly, retain the talent you have by offering non-traditional benefits beyond typical health insurance. The variety of voluntary benefits has […]

The right—and wrong—investing risks in retirement

The right—and wrong—investing risks in retirement Building a safe portfolio that provides the desired returns can be a daunting task, as performance of these investments can be volatile, according to this article on Money. High-yielding investments come with a significant risk, as exemplified by exchange-traded funds that own energy master limited partnerships. Morningstar claims that […]

Despite Cadillac tax suspension, companies are preparing for it

In a rare moment of bipartisan collaboration, Republicans and Democrats agreed last year to suspend the implementation of the controversial “Cadillac tax” on the most expensive health insurance plans for two years. Intended to go into effect in 2018, the tax will not be implemented until 2020, assuming Congress does not suspend it again or […]

Why smaller companies should consider self-funding

Once limited mostly to large companies, self-funding is now becoming accessible to even smaller employer groups. The Affordable Care Act is changing the landscape of health insurance. Options that once seemed very risky and unsuitable for small businesses are now being considered as viable options. Community rating As of Jan. 1, 2016 the definition of […]