Magazine article HRMagazine

Briefs: Benefits

Magazine article HRMagazine

Briefs: Benefits

Article excerpt

EMPLOYERS SHIFT HEALTH PLAN COSTS

U.S. employers are continuing to shifthealth coverage expenses to their workers in response to rising plan costs and in an effort to avoid the "Cadillac tax" required by the Affordable Care Act in 2018. These shifted costs are represented by an increase in high-deductible plans, a greater number of plans with co-insurance charges, higher out-of-pocket maximums and increases in emergency room co-pays, according to findings from the 2014 Medical Plan Trends Report released by benefits management firm HighRoads and consultancy CEB. The firms note that "as co-insurance rates increase, plan participants become more likely to delay necessary care due to uncertainty about the actual costs."

SIGNING BONUSES BOOST TRUST

Employers are less likely to offer signing bonuses in a recession than boom times-yet the incentive appears to be most effective during a downturn. Signing-bonus recipients who were hired in times of surplus labor gave their employer higher marks for trust and put forth more effort than those hired in a tight labor market, according to a study published in The Accounting Review. …

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