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  • Offering robust health benefits and investing in employee health and wellness is a growing priority among organizations. While employers aim to attract top talent to enhance productivity, employees seek companies that provide a diverse range of health benefits. One effective solution is telemedicine, which allows both employers and employees to meet their goals. Initially implemented as a response to the COVID-19 pandemic, virtual care has now become a fundamental aspect of health care. Today, it is not merely an add-on; it is an expected service. 

    The Rise of Telemedicine in Employee Benefits 

    Telehealth is a method of receiving health care that eliminates the need to travel to a doctor’s office or endure long wait times. With telehealth, you can easily consult a health care provider remotely. During these virtual appointments, providers can prescribe medications, diagnose illnesses, and address any questions the patient may have. This flexibility and accessibility to quality care make telehealth a great resource for busy employees.  

    Why Telemedicine Matters to Employees 

    Better access to care 

    Long wait times, inconsistent travel times, and the need to take paid time off (PTO) are significant barriers for employees trying to attend scheduled doctor appointments, same-day visits, medical tests, and screenings. Telemedicine significantly enhances flexibility and accessibility, allowing employees to receive care within minutes or on the same day. This is especially crucial for rural employees, those with mobility challenges, and individuals with demanding work schedules. 

    Mental health support

    Mental health is a crucial aspect of overall employee health and wellness. By offering mental health support, employers not only provide essential resources to assist their employees but also demonstrate their commitment to the well-being of their workforce. Virtual therapy eliminates obstacles such as stigma, scheduling conflicts, and long wait times. By implementing resources like employee assistance programs (EAPs), flexible scheduling to attend their online visits, and hybrid work arrangements, employers can support their employees, ultimately enhancing morale, productivity, and long-term loyalty. 

    Control over care 

    A 2024 survey found 85% of employees prefer virtual consultations for nonemergency care because they can manage urgent or chronic conditions directly from a smartphone or computer. Employees increasingly value benefits that offer them flexibility and autonomy, and telehealth provides both. With telehealth, individuals can focus fully during their visits without worrying about travel time, time off from work, or how their boss might react. This gives them the ease and control over their health care that they deserve.

    Why Telemedicine is a Strategic Advantage for Employers 

    Reduced Absenteeism and Improved Productivity 

    Virtual visits reduce commute times and shorten appointment wait times, allowing employees to proactively address and manage their medical needs, often without needing to take full days off work. Telemedicine allows for timely treatment, leading to quicker recovery times and minimizing disruption to productivity. 

    Significant cost savings 

    Telemedicine helps reduce health care claims by offering lower‑cost virtual visits that replace more expensive urgent care and ER visits. Because employees can get care quickly (sometimes within minutes), issues are treated earlier, preventing complications that could lead to high‑cost medical services. Employees also turn to telehealth rather than urgent care or emergency rooms for common minor conditions, which further reduces costly claims on the employer’s plan. 

    Stronger engagement and retention 

    Modern, flexible benefits such as telemedicine show employees that the organization values their well-being. Employers who showcase their dedication to employee wellness, health, and work-life balance can boost employee morale, loyalty, and retention. 

    The Bottom Line: Telemedicine Is No Longer Optional 

    Telemedicine has transformed from an add-on benefit to a must-have in today’s employee benefits package. With telehealth, employees can expect convenient, accessible, and flexible care while employers benefit from healthier teams, lower costs, improved productivity, and stronger retention. 

    Although providing health benefits is an attractive option, it can also be confusing for business owners. This is where a third-party administrator like Group Management Services (GMS) can assist you. As part of our premier employee benefits administration services, we help employers by offering telehealth services through Teladoc. 

    Our benefits administration services help business owners manage their health care plans, supplemental insurance offerings, and retirement plans. Additionally, we provide support for Affordable Care Act (ACA) compliance, consolidated billing, and in-house claims processing. At GMS, we strive to simplify benefits administration as much as possible, guiding you through every step of the process. Our offerings are cost-effective and can positively impact your bottom line while supporting your long-term growth. Contact us to learn more! 

  • Although health care costs are continually rising in today’s economy, the importance of offering health care and health benefits cannot be overstated. Employee health benefits have shifted from being a bonus to a fundamental requirement, no longer seen as a luxury but an essential part of a job.  Therefore, employers who invest in comprehensive, high-quality health benefits for their employees often see higher productivity, loyalty, and morale, all of which contribute to a company’s long-term success.  

    In recent years, a growing number of companies have begun offering a greater variety of health benefits to their employees. However, many still wonder what benefits they should offer and wonder how much health care offerings can really contribute to employee satisfaction, engagement, and productivity. Continue reading to discover how health benefits contribute to employee performance and what benefits are among the most popular. 

    What Are Health Care Benefits?

    Health care benefits are medical services and items that are covered by an insurance plan. This can include doctors’ visits, access to certain medications, hospital care, and more. Employers offer insurance plans to their employees to help pay for these expenses and treatments. Employers provide insurance plans to help their employees manage these expenses and treatments. While the Affordable Care Act (ACA) has certain requirements about what employers should offer, the plan type and extent of coverage vary by employer.  

    How Health Benefits Impact Productivity and Performance 

    Access to quality health benefits has a significant impact on employee performance in several ways. Companies that offer health benefits report that their employees are over one and a half times more productive and more likely to remain loyal to the organization. Higher productivity can manifest differently in various industries; for manufacturers, it may mean increased output, for entrepreneurs, it can translate to higher sales, and for construction workers, it might involve taking on more bids and jobs. 

    When employees have access to preventive care, can manage chronic conditions, and seek timely medical attention, they are less likely to miss work due to illness or injury. Benefits such as telemedicine, disability coverage, and wellness programs empower employees to address health concerns early, which reduces absenteeism and minimizes downtime. Furthermore, employees who feel physically and mentally supported can concentrate better on their work. Reduced stress related to medical costs or access to care enables employees to be more consistent and focused, ultimately leading to improved performance across teams. 

    Employee Engagement and Success 

    Robust health benefits play a significant role in employee morale. When workers feel that their employer genuinely cares about their health, it fosters increased trust and loyalty. Benefits packages that extend beyond basic medical coverage, such as dental, vision, and mental health support, signal that the organization values employees as individuals, not just as workers. 

    This sense of support strengthens engagement and creates a positive workplace culture. Employees who are satisfied with their benefits are more likely to advocate for their employer, collaborate effectively, and stay motivated. Over time, this results in lower turnover.  

    Popular Health Benefits Employees Want

    Recently, employees have been flocking to companies that promote flexibility and employee health. The workforce wants a job that offers schedule flexibility, comprehensive health coverage, and future career growth opportunities. For employers, this can look like offering: 

    Dental and Vision Coverage 

    Dental and vision benefits help employees maintain overall wellness while addressing everyday care needs. Offering vision and dental benefits can reduce health care costs through preventative care and provide your employees with access to medical professionals. These benefits are common among health care plans because of the diverse benefits they provide and the wide range of employees who utilize and need this type of care.

    Access to an HSA or FSA

    Offering a Health Savings Account (HSA) or a Flexible Spending Account (FSA) is beneficial to the employer and employee. The employee receives access to medical services and products at a lower cost through their employer’s plan. Both accounts offer tax-free contributions and withdrawals for qualified costs, but each have their own advantages depending on the individual’s needs. The employer enjoys lower payroll taxes and showcases their dedication to employee well-being.  

    Telemedicine Services 

    Telemedicine provides employees with convenient access to health care professionals, reducing the time and cost associated with traditional office visits. This gives the employer and employee time back by missing out on the travel and wait time associated with visits. Telemedicine can also reduce appointment stress for employees, as they don’t have to worry about timing, traffic, or any surprises as they head to their appointment, improving their focus and productivity. This flexibility supports faster care, fewer missed work hours, and improved work-life balance. 

    Retirement Plans 

    A great way to recruit and retain employees is through offering a retirement plan. This allows employees to invest in themselves and focus on their financial future, allowing them to be more focused and productive at work. Employers can choose a plan that works best for them and can decide how large of a contribution they want to make to their employees’ plan. This allows for greater flexibility for the employer and better financial security for the employee.  

    Health Care Plans and GMS

    Robust health benefits are a powerful investment in employees and the long-term success of your company. By supporting physical, mental, and financial well-being, employers can boost productivity, strengthen morale, and improve employee loyalty. While offering health benefits to your employees is an attractive option, it’s a complex and confusing process. 

    That’s where a third-party administrator like Group Management Services (GMS) can help. With our benefits administration services, we help business owners with their health care plans, supplemental insurance offerings, and retirement plans. We also offer ACA support, consolidated billing, and in-house claims processing. With GMS, we work to simplify benefits administration as much as possible, holding your hand every step of the way. Our offerings are cost-effective and can contribute to your bottom line and your long-term growth.  

    Discover more about our benefits administration services here! 

  • Colorado is the first state to offer employees paid leave to care for a hospitalized infant in the neonatal intensive care unit (NICU). This law went into effect on January 1 of this year and allows eligible employees to take paid leave to support a newborn or an infant receiving intensive care. This new benefit, Neonatal Care Leave, was created through Senate Bill 25-144 and expands the state’s existing Family and Medical Leave Insurance (FAMLI) program. While this legislation is groundbreaking for parents and qualifying employees, it comes with various implications that business owners need to understand.

    Family and Medical Leave Insurance 

    FAMLI is a government program that ensures Colorado workers have access to paid leave to care for themselves or their family during certain life events. Paid leave through FAMLI has been available since January 1st of 2024. Eligible Colorado employees can take up to 12 weeks of paid leave per year in order to: 

    1. Care for themselves or a family member experiencing a serious health condition. 
    2. Make arrangements for a family member’s military deployment. 
    3. Address the safety needs and impact of domestic violence or sexual assault. 
    4. To bond or care for a new child, including fostered or adopted children. 

    FAMLI Vs. FMLA 

    FAMLI and the Family and Medical Leave Act (FMLA) are similar pieces of legislation that focus on job-protected sick leave. While they are similar, there are notable differences that Colorado business owners need to be aware of. For example, FMLA is unpaid, job-protected leave, while FAMLI is paid, job-protected leave. Employees are eligible for FAMLI from the first day of employment if they meet the wage requirement, while FMLA only allows employees who work a certain number of hours before providing leave. Finally, FMLA is a federal law, meaning it applies to the entire country, while FAMLI applies to Colorado employees only.  

    Neonatal Care Leave Overview 

    Neonatal Care Leave is a new and additional type of paid leave under the FAMLI leave law. This leave allows eligible employees to take up to 12 weeks of paid time off while their newborn is receiving inpatient treatment in a NICU or a higher level of neonatal care. This leave only lasts the duration of the child’s NICU stay. Neonatal Care Leave is available to a broad range of caregivers, including biological, adoptive, step, and foster parents. 

    Eligibility extends to parents whose infants were born before January 1, 2026, as long as the child remains hospitalized in a NICU on or after the law’s effective date. 

    How Neonatal Care Leave Fits Within FAMLI 

    Neonatal Care Leave isn’t the only type of leave parents can utilize for paid leave. Under FAMLI, eligible employees can qualify for:   

    1. 12 weeks of Neonatal Care Leave (while the infant is hospitalized) 
    2. 12 weeks of bonding leave after the child is discharged 
    3. Up to four additional weeks if the birthing parent experiences pregnancy or childbirth complications 

    As a result, some employees may be eligible for up to 24–28 weeks of paid FAMLI leave in connection with the birth of a child requiring NICU care.  

    What Employers Should Do Now 

    Employers in Colorado, or those with employees in Colorado, should take proactive steps to ensure compliance with the Neonatal Care Leave policy. These steps could include updating employee handbooks and company leave policies to reflect these regulatory changes. Employers could also provide training and education for employees, so they understand their rights, the policy details, and eligibility requirements. Colorado employers should also consider working with a third-party partner to assist and consult on Neonatal Care Leave compliance efforts. 

    A First-in-the-Nation Policy With Broader Implications 

    For families facing the stress of a NICU stay, the new law provides meaningful financial stability and time to focus on their child’s health during a critical period. Colorado’s Neonatal Care Leave underscores the state’s commitment to supporting working families during some of their most challenging moments.  

    Group Management Services (GMS) can help Colorado business owners navigate Neonatal Care Leave and FAMLI obligations by providing expert guidance, HR support, and compliance assistance. GMS acts as a partner in compliance, HR, employee management, and business efficiency by consulting on regulatory changes, updating employee handbooks, and hosting training sessions on new laws. Employers should take action now and review existing leave policies, educate their teams, and partner with a trusted HR expert like GMS to ensure they are fully compliant and prepared for this expanded leave benefit. Take your first step towards compliance with GMS. Contact us today!  

  • As the new year approaches and labor market fluctuations continue, it’s more important than ever for business owners to focus on improving employee retention and implementing wellness initiatives. Employee retention rates and wellness policies often go hand in hand; prioritizing employee wellness can lead to better retention and increased loyalty. 

    Essentially, the more you prioritize your employees and their happiness, the more likely they are to engage at work and remain with the company long-term. A great way to prioritize employee wellness and retention is by investing in benefits and offering health care plans. Continue reading to discover more about what benefits business owners should provide and how they can benefit your employees and company.  

    The Advantages of Offering Employee Benefits 

    Recruitment 

    One of the greatest advantages of offering your employees robust benefits is that it makes your company more attractive to potential employees. People want to work for a company that genuinely cares about them and provides them with access to resources that can improve their lives. According to Aflac, 77% of organizations that offer supplemental insurance report that it helps with recruitment efforts. By offering employee benefit plans, business owners can attract top talent, helping them achieve business growth and success.  

    Retention 

    Given the uncertainty in the labor market and the economy, retaining top talent can be challenging. Retaining your current workforce not only improves operational efficiency but also reduces recruitment and hiring costs. Offering employee benefits plans is one of the most effective strategies for improving employee retention. When organizations provide comprehensive benefits, they show their employees that their long-term health, security, and well-being matter. This support fosters loyalty, making employees less likely to seek opportunities elsewhere. In a competitive job market, strong benefits packages can differentiate a company, turning satisfied employees into long-term team members and advocates for the organization. 

    Trust and productivity 

    Offering employee benefit plans can significantly boost productivity and trust within an organization. When employees feel secure about their health, finances, and overall well-being, they are less distracted by personal worries and more focused on their work. Benefits such as health insurance, retirement plans, and wellness programs demonstrate that the company values its workforce, fostering a deeper sense of loyalty and commitment. This trust develops greater engagement, reduces turnover, and creates a stronger workplace culture and long-term organizational success. 

    Employee Benefits That Make a Difference 

    Health Insurance 

    Health insurance plans are the most critical benefit for employees. They provide peace of mind and ensure access to necessary medical care, reducing stress and improving overall well-being. For employers, healthier employees mean fewer sick days and higher productivity. Offering comprehensive health coverage demonstrates that you care about your team’s health and financial security. Employers should also consider offering access to supplemental benefits plans, including dental, vision, and disability insurance. This enables employers to tailor their health benefits to meet the specific needs of their employees.  

    Retirement Plan

    Retirement plans, such as a 401(k) with employer matching, are another top priority for employees. These plans help employees plan for their future and build financial stability. Employers are able to match employee contributions, effectively adding to the employee’s nest egg. When employers contribute to retirement savings, it shows a long-term commitment to their workforce, which fosters loyalty and reduces turnover. Additionally, employer contributions are often tax-deductible, making this a smart financial move for businesses. 

    Paid Time Off (PTO) 

    Paid time off is essential for maintaining work-life balance. Employees need time to recharge, and when they do, they return more focused and productive. PTO also signals that your company values mental health and personal time, which is increasingly important in today’s workplace culture.

    Work From Home 

    Flexibility is an increasingly important perk that employees look for in a role and with a company. Providing resources that give your employees the ability to exercise work-life balance highlights your company’s dedication to employee health and happiness. By developing policies for work-from-home days or flexible scheduling, you’re investing in your employees and their long-term employment.  

    Mental Health Support

    Mental health is just as important as physical health. Providing access to counseling services, therapy sessions, or Employee Assistance Programs (EAPs) helps employees manage stress and maintain emotional well-being. This leads to higher morale, better focus, and reduced burnout. 

    Streamlined Benefits 

    Offering employee benefits is not just about compliance or perks—it’s about building a thriving, loyal workforce that drives your business forward. By investing in benefits, you invest in your people, and ultimately, in your company’s success. There are a myriad of benefits and health insurance plans to offer your employees, but enrollment and employee education can be overwhelming for business owners.  

    Luckily, there are companies like Group Management Services (GMS) that can assist companies with benefits administration, health care plans, and supplemental benefits. As a professional employer organization (PEO), we help you offer cost-effective, high-quality benefits that can compete with those of larger companies, all while saving you time and money. By partnering with GMS, you receive streamlined, all-in-one employee benefits solutions. Learn more about our offerings here!  

  • Around 78% of employers believe their workers are prepared for retirement, but their employees feel differently, with only 45% of them feeling prepared. Planning for life after work doesn’t just affect the employees; it impacts the company. If your workforce consistently worries about their future financial wellness or their ability to make ends meet, they aren’t actively engaging at work, reducing their productivity and attention to detail.

    While concerns about retirement vary by age group or tax bracket, it’s important for business owners to assist their workforce with retirement planning. Providing your workforce with the resources and tools needed to properly plan for retirement can improve employee trust, loyalty, and attract top talent. Continue reading to learn about the different ways you can support your workforce’s retirement journey.  

    Promote Retirement Plans 

    One of the most well-known ways employers assist their employees with retirement is by offering a retirement plan. A retirement plan is a financial strategy that helps individuals save money for life after work. It utilizes resources such as 401(k) plans, Individual Retirement Accounts (IRAs), and other options to grow savings.  Individuals can set aside a certain amount of their income into an account, allowing them to start saving earlier. Providing tools like a retirement plan demonstrates loyalty to your employees and shows you care about their well-being. 

    Provide an Employer Contribution 

    Depending on the company and plan type, employers often contribute funds to their employees’ retirement accounts. Offering a high contribution amount is another way to attract top talent and retain your current workforce. There are several contribution types that employers can provide.

    Matching contributions 

    • This contribution is when an employer adds money to an employee’s retirement account, usually based on a percentage of what the employee already contributes.
    • The amount grows tax-free while in the plan and is only taxable when withdrawn.

    Nonelective contributions 

    • This contribution is given to all eligible employees and is not contingent on whether the employee contributes to it.  
    • These contributions are tax-deductible. 

    Profit-sharing contributions 

    • Profit-sharing contributions are a type of retirement benefit provided by employers, where a company allocates a portion of its profits to employees by making direct contributions to their retirement accounts. 

    Provide Educational Resources 

    A great way to prepare your workforce for retirement is to educate them about their options. There are various retirement plans available, such as a 401(k), Simplified Employee Pension Plan (SEP), and Employee Stock Ownership Plan (ESOP), among others, each with its own benefits. By offering educational sessions and providing advice regarding your specific retirement plan offerings, you can help your employees make more informed decisions about their retirement and future financial planning. 

    Provide voluntary benefits 

    Employers can support their employees’ retirement savings goals by offering a range of voluntary benefits to reduce financial stress. For example, health care benefits such as dental and vision coverage, and health savings accounts (HSAs) help employees manage out-of-pocket medical costs, allowing them to invest more towards retirement. Additionally, benefits like long-term care insurance, legal assistance, and identity theft protection provide financial security and peace of mind, which can encourage more consistent retirement contributions.  

    Retirement Plans and GMS 

    Effectively budgeting and planning for retirement is important for employers and employees. Employees often look to their employers for help regarding funding and contributions. Managing employee retirement funds can be a complex and overwhelming feat for a business owner. Luckily, there are third-party companies like Group Management Services (GMS) that can assist with 401(k) management and retirement planning.  

    Our team can help you manage your retirement contributions and help you set up fully customizable profit-sharing plans that make your company more attractive to quality employees. From contribution amounts, vesting schedules, and eligibility requirements, GMS can help ensure your compliance and make sure you get the most out of your retirement plans.  

    Learn more about GMS’ profit-sharing and 401(k) plans here! 

  • Knowledgeable and experienced employees are the foundation of a strong company and future business success. Effective training programs are essential for fostering a skilled, motivated, and productive workforce, helping your business in the long run. The more knowledgeable and motivated your employees are, the greater their creativity, productivity, and loyalty. Continue reading to learn why employee training is important and how it can contribute to future success. 

    Reduce employee turnover 

    Depending on the position and tenure of an employee, employee turnover can cost a company as much as one and a half to two times the employee’s annual salary. Therefore, from a financial standpoint, it’s more beneficial to focus on retaining employees. One effective strategy to improve retention rates is to offer employee training. Employees are more likely to stay at a company if they feel that they are being invested in by learning meaningful skills, gaining experience, and gaining industry knowledge. A strong training program can enhance the employee experience, develop the skills of your workforce, and retain top employees.   

    Enhance skills and knowledge  

    Effective employee training enhances the skills and knowledge of your workforce. By providing continuous education and development opportunities, employees can stay updated with the latest industry trends, technologies, and best practices. This not only improves their performance but also helps your organization maintain a competitive edge in the market. Training can take various forms, such as presentations, online courses, seminars, conferences, and mentorship programs, but it should be customized to suit your workforce and their preferred learning styles. 

    Reduce potential risks 

    Compliance is a crucial element of business success. When your workforce is well-educated, employees will have a better understanding of safety standards, industry practices, and company protocols, lowering the risk of errors and potential confusion. A compliance error or workers’ compensation claim can be damaging to your company’s reputation and expensive, which can quickly chip away at your bottom line.

    Foster creativity

    A well-trained workforce is more adaptable and open to change. Training encourages employees to think creatively and think outside the box of their previous experiences. With this newfound knowledge, employees can bolster their creativity and offer more innovative ideas to your company. This creativity can also give your company a competitive edge in your industry.  

    Strengthen Your Employee Training Program

    Employee training programs are beneficial for employers and employees. Organizations that invest in their employees tend to have a more dedicated workforce, higher productivity and creativity, and greater quality of work. While companies recognize the importance of employee training, implementing it can be a challenge. Unfortunately, companies often run into a myriad of problems implementing a training program, such as a lack of time to administer training, a lack of employee motivation, cost, and more. Luckily, a solution exists. 

    Group Management Services (GMS) is a professional employer organization (PEO) that helps businesses streamline their back-office tasks, assists with employee management, and more. Our online employee training software simplifies job training, enhances employee performance, and reduces learning costs for online platforms and in-person training. GMS also provides an online learning management system, making it easier for workers to access training courses on their laptops or mobile devices and gain the skills necessary to support your business. 

    Are you interested in learning more about our training services and how we can benefit your workforce? Click to learn more here! 

  • As health care costs keep rising, both employees and employers are looking for ways to manage these expenses and make coverage more affordable. However, balancing these growing costs while ensuring employee satisfaction can be challenging for employers. To achieve this balance, employers can implement a variety of strategies to effectively lower health care costs while keeping employees happy, healthy, and productive. 

    What Do Health Care Costs Include

    Health care costs include all expenses related to maintaining or improving an individual’s health. While many services can fall under the umbrella of “health care”, these costs typically include accessing and utilizing health care services such as prescriptions, health insurance, doctors’ visits, deductibles, copayments, premiums, and more. While offering health care and health benefits can be expensive, they are essential to attract and retain top talent. Continue reading to learn a few ways you can reduce your health care costs.  

    Invest In Prevention

    Prevention is the best medicine, especially when it comes to health. By encouraging employees to focus on their health, either through developing healthy habits or scheduling regular check-ups, you help them focus on their current health and avoid future health issues. Regular check-ups, screenings, vaccinations, and telehealth appointments can significantly reduce long-term health care costs and prevent more serious and expensive conditions down the line. 

    Implement Wellness Programs

    Wellness programs are designed to enhance the health and wellness of individuals. They can focus on physical activity, nutrition, stress management, and mental health. According to a recent study, 91% of companies reported that their health care costs decreased because of their well-being program. These programs can include fitness challenges, stress management workshops, financial wellness resources, nutrition assistance, and more.  

    By fostering a culture of wellness, employers can reduce absenteeism, improve productivity, and increase morale. When employees feel supported, they are more likely to take better care of themselves and adopt healthier behaviors, which can lead to reduced use of health care benefits and ultimately lower health care costs. 

    Offer Telemedicine Services

    Telemedicine has expanded in the past decade, effectively transforming the health care landscape. Telemedicine provides employees with the ability to have a doctor’s appointment online. It provides greater efficiency and flexibility for physicians and patients alike. Employees are able to receive help for minor ailments and follow-up appointments, and receive faster care than going in person, reducing employee absenteeism and improving productivity. The convenience of telemedicine saves employees time by eliminating travel and waiting periods, and also reduces the need for time off work and costly co-payments. 

    Implement Additional Savings Accounts

    Another effective way to lower health care costs is by offering a Health Savings Account (HSA). An HSA is a special type of account that allows individuals to save money specifically for qualified health care expenses. With an HSA, contributions can be made tax-free as long as the funds are used for eligible medical expenses, which include deductibles and copayments. However, insurance premiums are generally not considered qualified medical expenses. To be eligible to contribute to an HSA, one must be enrolled in a high-deductible health plan (HDHP). These accounts can lower premium costs for employers and allow employees to save pre-tax dollars for medical expenses, giving them more control over their health care spending. 

    How CPEOs Lower Health Care Costs

    Reducing health care costs is a growing priority among business owners. While many business owners are reducing their coverage options to save money, this can leave employees vulnerable to higher health care-related expenses. Managing employee health plans isn’t an easy task, especially if you’re managing it alone. Luckily, Group Management Services (GMS), a certified professional employer organization (CPEO), can help you manage your employee benefits and the associated costs. 

    Our benefits experts can help you make the most of your benefits while saving you money. We provide expert guidance on health plan design and ensure compliance with the Internal Revenue Service (IRS). With our HSA and Federal Spending Account (FSA) administration services, we can simplify your account management. 

    We also provide comprehensive group health insurance plans that can reduce your premiums and deductibles. GMS represents more than 50,000 employees, which allows us to help businesses purchase group health insurance at rates up to 24% lower for employee premiums and up to 15% lower for family premiums compared to the U.S. average. 

    Employee health care and benefits are not easy to manage. That’s why having a knowledgeable partner to walk you through your options is essential. Contact us to learn how GMS can help simplify your health care and benefits today.  

  • In today’s competitive job market, employers are continually seeking ways to enhance their employee retention rates and boost morale. While there are various solutions for addressing low retention and morale, enhancing your benefits offerings with supplemental insurance is a great place to start.


    Supplemental insurance plans, also referred to as voluntary benefits plans, aren’t required by law but do provide valuable benefits that can be used to complement your group health insurance plan. But what exactly are these plans, and how do they benefit both parties?

     

    What Are Supplemental Insurance Plans?

    Supplemental insurance plans are additional insurance policies that employees can purchase to complement their primary health insurance coverage. These plans are designed to cover health costs that fall outside of normal health insurance coverage, such as copayments, deductibles, and other out-of-pocket costs.

    These plans can include:

    • Life
    • Dental
    • Vision
    • Accident and critical illness
    • Long-term and short-term disability
    • Pet
    • Pre-paid legal
    • Home and auto
    • Telehealth

    If offered, employees can opt in to these plans. For example, not every employee may want or need a pet insurance plan, but an employee with a dog may be very interested in coverage.

     


    Benefits for Employees

    Offering supplemental insurance plans is a great benefit for employees, showing that they are cared for and valued.

    • Greater control: With supplemental insurance plans, employees can customize their benefits packages to fit their own needs as well as their spouse’s or children’s needs. They’ll also have greater control over how they utilize their benefits, helping them manage and utilize their plans more effectively and efficiently.
    • Access to specialized care: Plans like dental and vision insurance enable employees to receive specialized care without incurring high out-of-pocket costs. This encourages regular check-ups and preventive care, contributing to overall health and well-being. Supplemental insurance plans are beneficial because employees only pay for the specific care they need, rather than covering costs for services that other employees might require.
    • Flexibility: Employees can choose the insurance that best suits their needs and budget. This flexibility allows them to tailor their insurance coverage to their specific health requirements and financial situation.
    • Broader coverage: Depending on the plan, supplemental insurance can provide employees with broader coverage than a group health plan, ensuring they are protected against unexpected medical expenses that their primary insurance might not cover. This added layer of protection can be crucial in maintaining financial stability and peace of mind.

    Benefits for Employers

    As an employer, providing supplemental insurance for your workforce offers several benefits for your business, including enhanced workplace morale, increased company loyalty, and a stronger bottom line.

    • Attracting top talent: Offering supplemental insurance as part of a benefits package can make a company more attractive to potential employees. In a competitive job market, comprehensive benefits can be a deciding factor for candidates choosing between job offers.
    • Employee retention: Supplemental plans can be a powerful tool to retain top talent. Providing robust benefits can increase employee satisfaction and loyalty because when employees feel valued and supported, they are more likely to stay with the company long-term.
    • Improved productivity: Healthier employees are more productive. By offering supplemental insurance, employers can help ensure their workforce has access to necessary medical care, reducing absenteeism and improving overall productivity.
    • Savings: While offering supplemental insurance can increase your premiums, it can lead to long-term savings. Healthier employees mean fewer sick days and lower health care costs, which can positively impact the company’s bottom line.

    GMS and Supplemental Insurance

    Supplemental insurance plans are a valuable addition to any benefits package, offering significant advantages for both employees and employers. By providing enhanced coverage, financial security, and access to specialized care, these plans contribute to the overall well-being of employees.

     

    If you want to offer supplemental insurance for your employees, but aren’t sure where to start, consider partnering with Group Management Services (GMS), a professional employer organization (PEO). With the help of our knowledgeable team, GMS can assist you in offering competitive benefits and supplemental insurance packages at an affordable price. We offer a higher collective buying power that can lower your premiums and provide benefits comparable to those of a Fortune 500 company.

    Contact us to learn more about how we can help your business!

  • It’s clear that employee burnout and mental health issues have been an ongoing problem in the last several years. 76% of respondents in a Mental Health America and FlexJobs study agreed that workplace stress affects their mental health and 75% experienced burnout. Despite employees investing in programs to address stress and improve emotional well-being, a significant number of employees are still struggling with high levels of anxiety and burnout.

    According to a recent report from Aflac, 57% of employees are experiencing at least moderate levels of burnout. There has also been a decline in employees’ confidence that their employers truly care about their well-being.

    Aflac’s Chief Human Resources Officer, Jeri Hawthorne, notes that factors such as the upcoming presidential election, financial worries, long work hours, and other stressors could heighten the burnout issue even further this year.

    The Importance Of Employer Action

    Hawthorne stresses that the burden falls on small business owners to be at the forefront of addressing employee burnout and improving their situations. Burned-out employees are less productive, more likely to be absent or have behavioral issues, and more inclined to leave their jobs if they don’t feel their employer cares about them. Burned-out employees are also less likely to go above and beyond for clients, which can lead to a negative impact on your company’s performance.

    To combat this, Hawthorne recommends that employers take a proactive and engaged approach:

    • Regularly remind employees about available benefits, time off, and wellness programs, making them easy to access and understand.
    • Provide opportunities for employees to give back or volunteer, as this can boost their sense of purpose and well-being.
    • Continuously communicate about benefits and wellness offerings, not just during open enrollment periods.
    • Tailor communications and programs to specific employee demographics and their unique needs.
    • Solicit regular feedback from employees on what additional support they require.

    By taking these steps, employers can demonstrate their genuine care for employee well-being and work to reverse the troubling trends around burnout and declining confidence. Prioritizing mental health and emotional wellness will be crucial for organizations looking to support their workforce and maintain high performance.

    Show Your Employees You Care

    Remind your employees about taking paid time off (PTO) and about available benefits. Encourage employees to use the PTO they’ve earned, whether it’s for a vacation, personal matters, or simply to recharge. Employees proved that they could successfully work from home during the pandemic. Giving employees the opportunity to work and taking time off when needed is important.

    In addition, navigating employee benefit offerings during open enrollment can be overwhelming. It’s crucial to make these offerings, tools, and programs understandable and readily available for when employees need them and can easily access that information.

    Employers should also talk with their employees and ask for their feedback on their benefits packages and conduct surveys. Ask your employees what they are looking for and what they value. Act on their feedback and implement new strategies.

    Prioritize Employees’ Mental Health With GMS

    By partnering with GMS, you can demonstrate your commitment to your employees’ well-being and create a workplace culture that prioritizes mental health. This not only benefits your team, but also contributes to improved productivity, engagement, and overall business success. When you partner with GMS, we provide you with mental health benefits for your employees, such as:

    • Affordable health insurance plans through our group health insurance
    • Employee assistance programs (EAPs)
    • Access to our learning management system (LMS), where employees can partake in mental health training
    • Access to wellness programs
    • And more!

    Take the final step towards empowering your workforce. Contact GMS today to learn how we can help you implement a comprehensive mental wellness program that meets the needs of your employees and your organizations.

  • Offering appealing employee benefits is critical to attracting and retaining top talent. In fact, 77% of employees tend to stay longer with a company if they receive a comprehensive benefits package. With living expenses and inflation continuing to rise, employees’ needs and expectations regarding benefits are evolving.

    As a small business owner, it’s your responsibility to keep up with industry trends and provide an extensive benefits package to keep your skilled employees satisfied. Not only does this enhance workforce morale and loyalty, but it also establishes your business as an employer of choice in a competitive market.

    Traditional Employee Benefits

    Employers offer benefits as extra perks and advantages beyond base salaries and wages to demonstrate a commitment to employee welfare and financial security. Traditionally, employers provide health insurance, retirement plans, and paid time off (PTO). While these benefits are an essential foundation to a comprehensive package, these perks alone no longer meet the expectations of the modern workforce. To keep up with evolving standards, you must supply more desirable and innovative benefits that surpass basic needs.

    Factors Contributing To The Changing Landscape

    In today’s economic uncertainty, the value of an inclusive benefits package has increased, leading employers to rethink their strategies to obtain and keep talented workers. Various elements have caused this shift in attitude towards employee benefits. These factors include:

    • Millennials and Generation Z: The preferences of younger professionals are a significant factor influencing employee benefits trends. These generations prioritize flexibility, work-life balance, and opportunities for personal development.
    • Competitive job market: Businesses must set themselves apart from competitors by offering more than just attractive salaries. Benefits packages should address the diverse and aspirational needs of potential employees.
    • Impact of COVID-19: The pandemic has accelerated the change in trends, highlighting the importance of benefits such as remote work options, mental health support, and financial wellness programs.

    Current Trends In Employee Benefits

    As a small business owner, you must stay up to date on what trends are currently attracting employees. Although every business has differing priorities and strategies, consider adding the following to boost employee satisfaction and productivity:

    Flexibility in work arrangements

    Encouraged during the COVID-19 pandemic, the option to work remotely and choose flexible hours remains a desirable benefit. Offering employees the opportunity to work from home or anywhere with internet access can aid in cultivating a healthy work-life balance. In addition, adopting flexible hours allows employees to manage their work schedules based on their individual needs, adjusting hours for personal commitments and peak productivity times. By embracing these flexible work arrangements, small businesses can foster a more inclusive and accommodating workplace culture.

    Focus on health and wellness

    Many modern employee benefits include initiatives to support employee health and wellness. Businesses are increasingly offering resources and programs to support their employees’ emotional and mental well-being, reflecting the growing focus on mental health in recent years. Benefits can include support systems such as counseling services, hotlines, and educational materials to promote better stress management. Employee Assistance Programs (EAPs) are another way employees can receive counseling along with referrals to external resources. In addition, employers can encourage healthy lifestyles through wellness programs such as fitness challenges, health screenings, nutrition training, and more. Providing benefits that support health and wellness can create a positive and thriving work environment.

    Emphasis on financial well-being

    With 80% of employees experiencing some degree of financial stress, it’s imperative for businesses to offer benefits that help employees improve their financial well-being. Small business owners can empower employees to make informed financial decisions by supplying a range of financial literacy resources, including workshops, online courses, and planning tools. Contributing tuition reimbursement or assistance with student loans is another effective method while also supporting their education. Benefits that equip employees with the necessary tools and knowledge to navigate their finances can help them develop better economic stability.

    Diversity, equity, and inclusion initiatives

    Improving diversity, equity, and inclusion (DEI) is a main priority for many employers to raise awareness and cultural competence among employees. One key component of a successful DEI program is ensuring all your employees have access to benefits that suit their needs. These inclusive benefits packages include expanded health care coverage, flexible paid holidays, comprehensive parental leave policies, and more. Catering to various unique needs through extensive benefit options helps attract and retain diverse talent.

    Strategies To Stay Ahead

    To outpace competitors, employers must develop strategies to meet the evolving needs of their workforce. Regular employee surveys and feedback sessions are essential for obtaining valuable insights regarding employee preferences and areas for improvement. These findings empower you to tailor your benefits package to better meet your employees’ specific needs. Regularly researching industry trends and staying informed about emerging best practices will also help ensure your benefits offerings are relevant and attractive to potential and current employees.

    Overcoming Challenges When Implementing New Benefits

    Implementing new benefits policies and procedures can present its own set of challenges. Budget constraints can pose a significant hurdle as businesses may have limited financial resources to allocate towards new benefits initiatives. Ensuring compliance with ever-changing legal requirements regarding benefits adds another layer of complexity. Moreover, employees may resist change, feeling hesitant toward new benefits programs or initiatives.

    As a small business owner, you can overcome these challenges by developing creative solutions and keeping employees involved. To address budget constraints, consider reallocating resources from less critical areas, such as non-essential equipment upgrades or extra office supplies, and prioritize benefit initiatives based on their potential impact and cost-effectiveness. In addition, stay in line with regulations by remaining current on legal requirements and investing in compliance training for relevant staff.

    Openly communicating and engaging employees in the decision-making process can ease employee concerns about new benefit initiatives. Proactively handling these challenges can help ensure a successful rollout of updated benefits, contributing to the success of your business and your employees in the long run.

    Manage Your Employee Benefits With GMS

    A professional employer organization (PEO) like GMS can help you find a benefits package that meets the diverse needs of your workforce and serves your business’s best interest. From group health insurance coverage to supplemental plan options, we have various employee benefits for you to explore and choose from. Along with finding a plan that makes sense for your goals, we can also support you in managing and administering benefits so that you can concentrate on operating and growing your business. Contact us today to learn more about our comprehensive benefits solutions!