News Briefs

Review a summary of news, trends and industry information from trusted sources. From the February 2015 issue of CeridianVoice.   

 

  

 

February News Briefs

Employers who reimbursed certain employee health insurance premiums in 2014 could face large penalties

Some employers, rather than provide group coverage, have provided what has become known as an “employee payment plan” (EPP), in which employees purchase their own insurance, submit the amount they paid for the premiums to the employer and the employer then reimburses the employees. With new Affordable Care Act provisions, however, starting January 1, 2014, employees who use an EPP will be subject to a $100 penalty, per day, per employee under Section 4980D. Read more at Forbes.com.

Growing trend towards outcomes-based wellness incentives

A growing number of employers are using workplace wellness programs to reward healthy behavior. Outcomes-based incentives are “where we've been heading for a while now, and I don't see that changing,” said Jill Micklow, a Chicago-based wellness consultant at Schaumburg, Illinois-based Assurance Agency Ltd. “I think you're definitely going to see more of the same this year and into next year from employers.”

Unlike the cost/benefit-oriented ROI assessments many employers use to gauge their wellness programs' financial viability, experts say value-of-investment assessments examine the breadth of a wellness program's cost-effectiveness relative to an employer's other operations, for example employee engagement, productivity, etc. Read more on Businessinsurance.com.

Debate continues over ACA redefinition of a full-time employee

The House of Representatives earlier this month passed H.R. 30, the Save American Workers Act of 2015, which would rewrite the ACA’s definition of a full-time employee. The debate moved to the Senate floor last week during a full committee hearing of the Senate Committee on Health, Education, Labor and Pensions (HELP). Read more at EBN.

Looking for new strategies to motivate employees?

Scroll through this slideshow to learn tips from Bernard Marr, founder and CEO of Advanced Performance Institute. Marr suggests ways to more sincerely show employees appreciation, such as more rewarding employees based on performance and not just results, as well as tips for creating a culture for success. Read more at EBN.com.