Trump’s Insurance Plan, Employee Happiness By State, Financial Stress Reaches PTSD Levels

Trump’s Insurance Plan, Employee Happiness By State, Financial Stress Reaches PTSD Levels

In this week’s Best Money Moves roundup, we take a look at news stories and new research studies that may impact employee benefits and HR issues. We hope you find this news roundup helpful, and we’d love your feedback.

President-elect Donald Trump wants to allow cross-state insurance sales, a move he says will give consumers and employers more choices and create a “dynamic market.” Proponents of the move say consumers or companies could save money by buying insurance from states that have less expensive insurance requirements. However, industry experts say the move could be a lot of time and effort spent on something that wouldn’t make much of a difference, especially due to the Affordable Care Act’s influence in making insurance policies more uniform in their coverage of expensive conditions like autism and infertility. Of course, that could all change as well with Trump’s repeated promises to repeal and replace the ACA.

Do you think people in your state are happy with their jobs? They are in Hawaii, West Virginia and Maine, but less so in New Mexico, Pennsylvania and Washington.

How serious is your financial stress? A new study found that nearly a quarter of employees report acute financial stress so severe it could qualify as PTSD.

Student loans are a major source of financial stress for America’s workforce, but it doesn’t look like the problem will be solved anytime soon. A recent ProPublica study took a state-by-state look at college tuition costs and income growth – and found they don’t line up.

Is your financial stress hurting your performance at work? According to a new study, about 29 percent of Americans say they’ve skipped work to deal with their money problems.

What does it take to hang on to your company’s best employees? Here’s a four-ingredient recipe for employee retention.

You don’t necessarily need a big company budget for big employee perks. Here are five ways small businesses can offer big employee perks and better retain top talent.

Millennials view employee benefits differently than previous generations of workers, which means companies need to approach benefits for these employees differently. Here’s how HR departments can most effectively reach their millennial employees.

Employers around the country were already preparing for the Department of Labor’s new overtime rules to take effect when a federal court blocked them last week. Should employers now stop what they were doing or continue preparations in case the injunction is overturned? Here’s what the experts say.

Is your office hemorrhaging employees as they move on to other opportunities? Here are five big reasons people leave their jobs – and how to recognize the signs.

Did you find this Best Money Moves roundup useful? Please let us know. Email us at info@bestmoneymoves.com.

It’s hard to stay on top of everything in the news. That’s why each week our Best Money Moves newsroom will bring you the most important news in financial wellness, employee benefits and financial stress. We hope you like the information and, if you do, please spread the word. For midweek developments, follow us on Twitter and on Facebook.

Anthem, Cigna Merger, Health Care Costs, and New Financial Stress Numbers

Anthem, Cigna Merger, Health Care Costs, and New Financial Stress Numbers

In this week’s Best Money Moves roundup, we take a look at news stories and new research studies that may impact employee benefits and HR issues. We hope you find this news roundup helpful, and we’d love your feedback.

Is the pending merger of two major healthcare insurance providers a win for employers and consumers or a breach of federal antitrust laws? The antitrust trial for Anthem’s $45 million merger (or takeover, as some have positioned it) with Cigna began on Monday in U.S. District Court for the District of Columbia, with a lawyer for Anthem arguing that the merger will help insurers lower costs for consumers. The Department of Justice, on the other hand is arguing that the merger will create an insurance behemoth that would create those savings by forcing doctors and hospitals to work for less. The two-phase trial could last for several weeks.

Do your coworkers look listless at their desks? Are they spending more time on their phones than on the job? Research shows young women are more likely than other groups to feel bored at work. Here’s how employees can re-engage with their jobs.

How many Americans struggle with financial stress? Most of them, as it turns out. And recent studies show that financial stress doesn’t stay contained to your finances.

Once companies find great employees, they want to hang onto them for as long as possible. However, that can be difficult to do if those employees clash with their managers. Watch out for these six management behaviors that could send your best people running.

Employers who offer tuition reimbursement or educational assistance report higher retention, employee satisfaction and ability to attract top talent. Read how seven big-name companies have implemented this popular employee benefit for their workforces.

What does the future hold for the HR industry? We may not have a crystal ball to tell us for sure, but we can make some educated guesses. Four industry experts share the trends and changes in store for H.R.

Thinking about retirement savings can be stressful for everyone, but some may feel the stress more than others. A recent study found millennial women report greater stress and uncertainty related to saving enough for retirement.

Are Uber drivers employees or independent contractors? The ridesharing company is working to finalize a settlement with drivers suing it over allegations it didn’t offer the same benefits and protections of other employees, including minimum wage and overtime. 

Government jobs once came with the promise of a great pension and health care plan in retirement. Now, cash-strapped cities and other government agencies find themselves able to pay for only a fraction of their promised retirement benefits. Most cities have set aside less than 2 percent of their future healthcare liabilities.

A growing number of companies are using HR analytics to boost their retention and recruiting efforts. This data helps them figure out why employees quit, why they stay and which benefits they use the most. How can you incorporate analytics into your HR programs?

Are you struggling to boost employee participation in your company’s retirement plans? When companies put the responsibility on employees to set up their accounts, it may never get done. That’s why some suggest making retirement enrollment automatic and mandatory. The Department of Labor (DOL) offers a free online brochure on automatic enrollment 401k plans for small businesses that might interest you.

Did you find this Best Money Moves roundup useful? Please let us know. Email us at info@bestmoneymoves.com.

It’s hard to stay on top of everything in the news. That’s why each week our Best Money Moves newsroom will bring you the most important news in financial wellness, employee benefits and financial stress. We hope you like the information and, if you do, please spread the word. For midweek developments, follow us on Twitter and on Facebook.

Donald Trump, the Affordable Care Act and Your Employee Benefits

Donald Trump, the Affordable Care Act and Your Employee Benefits

In this week’s Best Money Moves roundup, we take a look at news stories and new research studies that may impact employee benefits and HR issues. We hope you find this helpful, and we’d love your feedback.

Were your employees struggling in the wake of last week’s election results? Many employers across the country reported employees were distracted in the wake of the news no matter who they voted for. Trump supporters, like President-elect Trump himself acknowledged, were surprised that he won. Hillary Clinton supporters were extremely disappointed she lost.

Now that some of the shock from last week’s presidential election results has passed, we’re looking toward the future. President-elect Trump has proposed policies that could have massive impacts on the employee benefits industry, from repealing and replacing the Affordable Care Act and making changes to Medicare and Medicaid to changing federal tax laws. Here’s what five leaders in the employee benefits industry think of Trump’s policies and how they will change the industry for benefits providers.

More employers are offering to help their employees pay off student debt. Is this set to be the hottest employee benefit of 2017?

Got bit by a duck? A sick pet llama? These are some of the craziest reasons your employees have called in sick.

Is your company struggling to hold on to top talent? Adding these four employee benefits to your company’s benefits packages may help lower your turnover rates.

Financial wellness programs are only beneficial to companies if employees are motivated to use them. Here are some ideas for overcoming the common hurdles to creating an effective, transformational financial wellness program.

Frequent relocations and deployments can create financial hardships for military members and their families. The Federal Trade Commission is stepping up to help them manage their money and make important financial decisions.

The U.S. is the only developed nation that doesn’t guarantee a temporary paid leave for new parents. However, in states with paid parental leave laws, businesses report no negative impacts of profitability or productivity, and found such policies improved employee morale.

There’s more to employee benefits than just providing medical insurance. A recent study found that employees enrolled in more than three nonmedical benefits are more likely to feel financially secure.

Financial stress isn’t just an American problem. A recent survey in the U.K. found that 31 percent of people say financial issues are their top cause of stress and 63 percent lose sleep over their finances.

Small business owners often have difficulty finding employee benefits vendors who want to work with them. New companies are stepping up to bridge that gap and help small business owners streamline their benefits, HR and payroll services.

Did you find this Best Money Moves roundup useful? Please let us know. Email us at info@bestmoneymoves.com.