In today’s world Human Resource & Benefit Technology makes an employee benefit package more accessible to this new generation of workers. We all know the system between payroll and employees electing benefits is broken. In the past, stacks of books and colorful brochures were handed out at open Enrollment meetings and most of the literature went right in the trash when the employee got home. Only large corporations would even consider setting up self-service portals for their employees for integration which also had an expensive monthly premium. Now companies with only a handful of workers can take full advantage of employee portal technology. Continue reading
Now that the yearly task of filing personal taxes has passed, this is an opportunity to discuss another type of filing for businesses that occurs every year – the workers’ compensation and general liability audits. In comparison, insurance audits and filing taxes are similar in that both are mandatory, annually. The workers’ compensation and general liability audits are conducted at the end of each policy period to verify that the premium is correct for the exposure during the policy period. In the event there is a claim, the claim might be denied because the premium exposure for the policy term within the policy period where the claim occurred was underinsured. Continue reading
Hearing is one of the traditional five senses. We take our hearing for granted until hearing loss becomes outwardly noticeable which is usually when deafness or partial deafness occurs. Hearing loss can happen to anyone at any age although age-related hearing loss becomes more noticeable in the 50’s and 60’s. Occupational hearing loss is one of the most common work-related illnesses in the United States. About 22 million U.S. workers are exposed to hazardous levels at work. Over 30 million workers are exposed to chemicals, some of which are harmful to the ear (ototoxic) and hazardous to hearing. According to the Center for Hearing and Communication, some of the disturbing statistics about hearing loss are: Continue reading
There will soon, within a few decades, be an important demographic turning point in U.S. history. By 2035, there will be 78.0 million people 65 years and older compared to 76.4 million under the age of 18, according to the U.S. Census Bureau’s 2017 National Population Projections. Continue reading
