Category Archive For "Group Insurance"
An Employee’s Social Health: Why It Matters and How to Foster It
Social health either begins at home or in the workplace. As we go about our daily lives while dealing with our obligations (both professional and personal), problems (both internal and external), and social obstacles, one problem stands out the most: the epidemic of loneliness. For many blessed with adequate social support systems, loneliness may appear …
Why Paternity Leave is an Essential Benefit for Modern Businesses
In today’s rapidly evolving workplace, the conversation around parental leave has gained significant traction. While many companies have made strides in supporting working mothers, a crucial aspect often overlooked is the importance of paternity leave. This Pacific Prime article explores why paternity leave is not just a nice-to-have perk, but one of the must-have employee …
HR’s Guide to Complying with New Employee Benefits Transparency Rules
The Consolidated Appropriations Act, 2021 of the United States seeks to promote fairness, efficiency, and accountability with employer-sponsored health insurance. It aims to enhance transparency of healthcare costs and coverage details, so employees can make informed decisions. Pay transparency is another trend in the corporate world. It involves sharing employee salary information and compensation structures, …
Why Your Company Needs to Know About the EU AI Act
The European Union (EU) has taken a significant step towards regulating Artificial Intelligence (AI) with the introduction of the Artificial Intelligence Act. This legislation not only aims to govern the development, deployment, and utilization of AI within the EU but also extends its reach globally. In summary, the objectives of the AI Act are multifaceted, …
What Makes a Good Group Health Insurance Company?
Group health insurance refers to coverage issued to a group of members as part of the employee benefits package, eliminating the need for employees to purchase health insurance on their own. One common characteristic shared by group health insurance companies is their familiarity with the health insurance industry, allowing employers and schools alike to secure …
How We Can Make Our Organization More Resilient
The COVID-19 pandemic has been a wake-up call for organizations worldwide, highlighting the critical need for organizational resilience in the face of unprecedented challenges. The convergence of multiple crises during the pandemic revealed the fragility of organizations unprepared for shocks. From supply chain disruptions to talent shortages and market decline, businesses faced an array of …
The Best Countries for Work-Life Balance in 2024
Are you stressed about your commute to work? Are you feeling burned out from the long weeks? Maybe you should consider moving to one of the best countries for work-life balance. , a prominent global HR platform utilized by major international brands, has conducted research on the working cultures across 60 nations with the highest …
7 Reasons Why Your Business Needs a Benefits Consultant
Navigating the intricacies of insurance plans, provider networks, and other regulatory requirements can be a daunting task for any business. However, this is where the expertise of a benefits consultant becomes invaluable. From tailoring benefits packages that align with your business goals to negotiating favorable premiums and facilitating effective communication with your employees, a skilled …
Employer of Choice: What is it and How to Become One?
From the highly educated researcher to the experienced marketer and the charismatic salesperson to the motivated intern, every company wants the best and brightest when hiring for a role. But these top candidates won’t consider just any company. To get their attention, it’s necessary to be a top employer. Don’t fret if you’re not (yet) …
Key Metrics for the Success of Your Group Health Plan
A key part in managing your group health insurance plan is to constantly review its performance against key metrics such as the loss ratio, the average claims per members, and the number of people in your plan to determine how well your plan fits in your organization and where you can improve. Are you looking …
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