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Benefits
are one of the challenges facing human resource (HR) Professionals. Benefit regulations is and ever-changing industry
concerns. HR professionals should stay well-informed of government and state regulation
changes and be sure to keep employees up-to-date through newsletter
communication, etc. HR Professionals should review packages offered by other
companies in the industry.
There
are no laws mandating health insurance, life insurance, vacation, or holidays
except for the Service Contacts Act of 1965, which governs federal contractors.
There are, federal laws regulating health benefits, retirement income, pension
plans, and other benefits when they are provided.
As an
employer, it is effective to adopt the approach of keeping healthcare cost
under control in a number of ways. The approach includes increasing the share
of premiums that employees pay, increasing deductibles and co-pays, and
implement various managed care
strategies.
Periodically
review your current plan and establish whether the plan your company has in
place is the best choice for your employees. Indemnity and managed care plans
are:
·
Indemnity Plan
·
HMOs (Health Maintenance Organizations)
·
PPO (Preferred Provider Organization)
·
POS (Point-of-Service Plans)
·
Consumer Directed Plans
SBA has a great new small business healthcare assessment
tool located at http://www.sba.gov/healthcare.
Click here Healthcare Checklist Request to receive any of
the below small business healthcare insurance Checklist to assess your current
health care position.
- Healthcare Benefits Chechklist
- Health Insurance Carrier Checklist
- Health Insurance Cost Containment Checklist
- COBRA Checklists
- Worker's Compensation Insurance Checklist
Email or call with any HR or
Business related questions. All4hrbiz@gmail.com
Stay tuned for HR Lunch Café coming
very soon. Name a Topic You would like us to research! All4hrbiz.gmail.com
April D.
Halliburton, President
All-4-HR &
Business Solutions, LLC
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