Tag: Employee Benefits
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Are Chronic Conditions Driving Up Your Workers’ Comp Spend?
There is a direct correlation between employee well-being and workplace safety. Healthier employees tend to be safer, leading to fewer on-the-job accidents. However, the presence of chronic and often co-morbid conditions, such as diabetes, obesity, arthritis, asthma, hypertension, depression, and anxiety, can impact employees’ ability to perform their jobs safely and add significant complexity to…
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How Artificial Intelligence is Improving Ben Admin Technology Platforms
Benefits administration (ben admin) technology platforms are often miscategorized as merely “enrollment systems.” As a result, the innovation focus has primarily been on the employee annual enrollment experience. But now, thanks to artificial intelligence (AI), ben admin technology providers are bringing year-round value and efficiency to both HR administrators and their employees. System Configuration and…
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New Simplified Rules for Medicare Part D Creditable Coverage—What HR Professionals Need to Know in 2025
A New Era of Simplicity for Creditable Coverage Notices In the first and second quarters of 2025, the Centers for Medicare & Medicaid Services (CMS) finalized changes to how employer-sponsored group health plans determine if their prescription drug coverage is “creditable” for Medicare Part D purposes. For HR professionals, this marks a shift to simplified…
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Employee Benefits in Captives: The McGriff Difference
While many brokers and consultants tout their abilities and knowledge about funding and/or reinsuring employee benefits (EB) in single-parent captives (SPCs), the McGriff EB team is one of the most experienced and qualified brokers in this area based on our status as the first broker to place employee benefits in a wholly owned SPC. A…
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Case Study: Executive Retirement and Retention
A mid-sized company wanted to incentivize their executive management team to help expand and grow their business. This case study outlines an assessment which identified goals, challenges, and solutions that helped the company fine-tune and expand an existing executive retirement program to bring it up-to-date and meet their objectives. Client Profile The family-owned business with…
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Tackling Ableism in the Workplace: HR’s Role in Addressing Subtle Discrimination
Since the passage of the Civil Rights Act of 1964, the workplace has been tasked with assuring that access to employment is free of discrimination based on any number of individual characteristics. The additional laws surrounding the Americans with Disabilities Act (ADA) and amendments expanded this focus even more. Today, applicants and employees may expect…
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Borrowing Considerations to Fund Retirement Plan Liabilities
Pension sponsors often deal with fluctuating annual contributions and a funded status that never seems to improve. A troubling reality since a well-funded plan and predictable plan contributions would obviously be ideal. A pension plan’s annual contribution can be determined by considering the plan sponsor’s funding policy (limited by ERISA’s minimum contribution requirements). Nevertheless predictable…