COBRA stands for the Consolidated Omnibus Budget Reconciliation Act. Under this Act, group health plans are required to provide temporary benefits and group health coverage to individuals who experience adverse events, such as job termination. In the United States, COBRA is a continuation of health coverage for workers for a certain period of time.
OSHA stands for the Occupational Safety and Health Administration. It’s an agency of the United States Department of Labor. OSHA’s mission is “to ensure safe and healthful working conditions for workers by setting and enforcing standards and by providing training, outreach, education and assistance.”
The holidays are like finals for adults—you spend weeks preparing in anticipation, all leading up to a few days of stress, and then go time for the big event. Holidays can be a stressful time of the year, to say the least.Physical activity doesn’t always mean an intense hour-long workout at the gym every day. While this form of exercise has great benefits, it’s not for everyone.
Are all foods we think are healthy actually healthy? Not necessarily. Take our quiz to find out which “traditionally” thought healthy foods are actually not as healthy as you think they are, and which foods are actually healthier than you’d think.
SBMA’s Minimum Essential Coverage (MEC) Benefits plan provides expecting mothers the resources to screen for potential risk factors that impact the mother and baby. Some conditions or complications that arise during pregnancy are not easily recognizable, and may require screening and testing for a diagnosis.
Encouraging preventative care benefits your company short and long term. When employees have access to resources to support their wellbeing, they are able to utilize it to continue on a healthier trajectory to be more present and engaging during day to day tasks.
The importance of both physical and mental well-being is particularly critical as we continue to recover from the ongoing pandemic.
Sixty percent of employees rated benefits as a very important contributor to job satisfaction. With that many employees placing value on employee benefits, it’s important that you, as an employer, ensure your benefits are set up and attract and retain the best employees. According to Career Builder, only 49% of employees are satisfied with their current benefits, which means you have the opportunity to make your benefits even better to appeal to 51% of your employees!
Voluntary benefits, also known as worksite benefits, are an effective way to attract and retain the top employees with little to no effect on your bottom-line. These benefits are a great way to fill the void of coverage that traditional benefits don’t cover. What most employees and employers don’t realize is the effect that voluntary benefits offer to both parties.
Under the Affordable Care Act, applicable large employers (ALE) are required to provide minimum essential coverage to 95% of their full-time or full-time equivalent employees. If you fail to do so, your company will be subject to various penalties that could cost you! If you do a cost-benefit analysis, investing in MEC for your employees can save you millions, while also increasing employee engagement.
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© SBMA 2021 – all rights reserved
site designed by digitalstoryteller.io
