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According to EBN, there’s an emerging body of data that shows that most people don’t understand the basics of how health plans work. This lack of understanding the basics could be causing a lot of trouble, such as preventing sick people from going to the doctor or employees not getting the most out of their benefit plan.
Employers of all sizes are thinking of some unique ways to attract new talent and keep current employees happy. In April we sent out an article about unique employee benefits offered by companies. Check out this “Part II” of even more interesting perks some companies across the globe are offering.
Health Savings Accounts (HSAs) continue to grow in popularity. They help account owners to set aside money for health care expenses as well as offer great tax benefits. They are used along with a high deductible health insurance plan.
The Department of Health and Human Services’ Office for Civil Rights is in the middle of a HIPAA Audit initiative and has sent out contact verification emails and Audit Pre-Screening Questionnaires to around 550-800 organizations. The Pre-Screening Questionnaire collects the demographic information about the potential audit candidate. Likely, only a small percentage of those organizations who received the questionnaire will actually be chosen for audit.
By the year 2025, millennials will make up 75% of the global workforce. Millennials are those that reached young adulthood around the year 2000 (born between 1982 and 1993). Many of you will be hiring people in this age group, and it is important to understand what they value so you can take it into consideration when developing processes, policies and benefit packages that will retain them.
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