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Dealing with Healthcare Uncertainty

by Andrew SzczesniakAugust 16, 2017 8:00 AM

Towards the end of July, the Republican Party made a couple of attempts to repeal and replace the Affordable Care Act. When the Senate couldn’t pull together a consensus on a replacement bill, they moved forward with a straight repeal bill. Both attempts failed.

Where does that leave a business owner who’s trying to figure what to do about healthcare? Two recent articles help shed a little light on what to expect.

Image of healthcare costs for business owners. Learn about dealing with healthcare uncertainty.

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What Employers Can Do to Manage Stress in the Workplace

by Matthew MusciAugust 10, 2017 8:00 AM

One of the largest contributors to mental health problems in the workplace is stress. Not only are mental health issues difficult to recognize, we also cannot assume an employee’s stresses from everyday life are checked at the door when they arrive at work every morning.

Everyday life stresses coupled with the pressures that work brings could be detrimental to both the employee and the business. This can have serious impact on an employee’s overall health and employers must take the appropriate steps to protect both the employees and the business.

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How PEOs Can Help Small Businesses Use Economy of Scale to Benefit Their 401(k) Plans

by Tom SmithMay 30, 2017 8:00 AM

It can be very difficult for small business owners to compete with big companies when it comes to 401(k) plans. Due to their size, large corporations can use economy of scale to their advantage and offer attractive retirement plans that are more affordable due to the size of their employee base. 

Small business owners don’t have hundreds of employees to their name, but that doesn’t mean that they can’t have access to economies of scale through other resources. 

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11 Benefits Employees Want

by Andrew SzczesniakApril 25, 2017 8:00 AM

There are growing signs that the economy is improving. Perhaps the most notable marker is that more people are starting to come back to the workforce. The unemployment rate is continuing a downward trend, meaning that more employers are starting to hire again.

Of course, finding good employees is important to a company’s growth, but keeping their best employees is vital to an employer’s productivity. Keeping your best employees ensures a smoother transition for newer employees and keeps the job environment stable with their most seasoned employees.

Of course, with a growing job market, sometimes a company’s best employees begin looking at this as an opportunity to “test the waters” of their own value and see if there are better options. How does a small business owner retain good employees while attracting qualified candidates? By offering benefits.

Image of a man working from home. Learn about 11 benefits employees want.

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Ways to Save on Prescription Drug Spending

by Lynn JacksonMarch 13, 2017 8:00 AM

The cost of prescription drugs in the United states continues to rise which has become a source of concern for everyone from patients to policymakers.  According to a study published in the Journal of the American Medical Association (JAMA), “Prescription medications now comprise an estimated 17% of overall personal health care services in the U.S.”  

We don’t want to think that we overpay for any goods or services. Taking time to do some research can help you save substantially on your prescriptions. Here are some tips to help save on costs.

Image of costly prescription drugs. Learn tips to save on prescription drug prices.

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Tips for Engaging Employees in a Workplace Wellness Program

by GMS Wellness GroupMarch 1, 2017 8:00 AM

Over the years while working in the field of Workplace Wellness we have seen many programs succeed… and fail.

Throughout these successes and failures, we have come to realize there are a few key components that make or break a Workplace Wellness Program.

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21st Century Cures Act and QSEHRA FAQs

by Jen ShusterFebruary 27, 2017 8:00 AM

The 21st Century Cures Act allows small employers to offer Health Reimbursement Arrangements (HRAs) to their workforce to help cover the cost of medical expenses and health insurance premiums for themselves and their families. Previously, the Affordable Care Act (ACA) prohibited businesses from offering HRAs for individual insurance premiums.

With the passage of the new law, employers and workers alike have questions about how a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) will affect them. Legal experts are in the process of interpreting the law, below are a few of the QSEHRA FAQs and their answers that are generally agreed upon.

Image of health legislation. Lerarn more with our 21st Century Cures Act and QSEHRA FAQs.

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How Retirement Plan Struggles Can Affect Small Businesses

by Matt SchoolcraftJanuary 31, 2017 8:00 AM

Americans work the majority of their lives with the hope of one day retiring and enjoying the fruits of their labor. Unfortunately, more and more people have to work well into their golden years without any end in sight. This is especially true for people that work for small businesses for the bulk of their career.

Image of an employee with no money. Learn about the importance of a 401k and retirment plan for small businesses.

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How will the ACA impact your business in 2017?

by Andrew SzczesniakJanuary 13, 2017 8:00 AM

As a sales rep for a Professional Employer Organization, I have spent the last four years talking with business owners who were worried about the impact of the Affordable Care Act on their businesses and employees. In many cases, I helped them find a cost-effective solution that helped them gain control of one of their most uncontrollable costs. Sometimes, I didn’t. Sometimes, the uncertainty of the previous two election cycles caused them to freeze up, maintain their status quo and hope for the best.

Now, we are about to embark on the Donald Trump era. For many, this is a sign that the ACA is going away and they can go back to things as they were. Perhaps so, but were things all that great before?  

The reality is that it’s impossible to predict with any certainty what will happen in the next 12 months, let alone the next two years. A recent article on Smart Business’ website does have some thoughts on it that I would like to share and expand on.

Image of the ACA. Learn about how the ACA may affect businesses in 2017.

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Can a Wellness Program Suit your Employee’s Needs?

by GMS Wellness GroupDecember 21, 2016 8:00 AM

Employers often wonder if a wellness program can truly fit into their workforce demographic. Every employee’s needs can vary depending on their job description and working environment. Nowadays, this could mean work that is sedentary office-based, labor intensive, extended shifts, travel, working from home, and more. The good news is that there is a way to provide specific information to any diverse demographic. 

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