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.