Archives: Employee Benefits

Benefits 101: What Is Hospital Indemnity Insurance?

April 8, 2024 | By Cleveland Benefits Partners

No matter whether it is anticipated or unexpected, a hospital stay is expensive.  According to HealthCare.gov, the average 3-day hospital stay in the United States costs around $30,000.  Health insurance will cover some of the costs if you are admitted to the hospital, but you may have other out-of-pocket costs.  Hospital Indemnity Insurance can help • Read More »

8 Unique Employee Perks That Don’t Require a Big Budget

April 3, 2024 | By Cleveland Benefits Partners

Free and low-cost employee benefits are perks that don’t cost you much financially. These perks are often simple to provide and help enhance an existing employee benefits package. Including non-traditional benefits in a job offer shows employees your values; they’re a promise to both current and potential employees that you’ll support them and treat them • Read More »

Top Benefit Trends for 2024

February 1, 2024 | By Cleveland Benefits Partners

The challenges that influenced the benefits landscape in 2023 persist—perhaps even more so. Rising costs, due to inflation and increasing health care prices, will continue to present challenges this new year.  But employers who understand the benefits landscape for 2024 can mold their approach for the upcoming year. A new year means revisiting your existing • Read More »

Year-Round Benefits Education

January 8, 2024 | By Cleveland Benefits Partners

For most organizations, employee benefits communication kicks into high gear during open enrollment season. During this time, there is a surge in emails, educational webinars, fliers throughout the office, and a barrage of forms demanding signatures. Post open enrollment, however, employees often receive minimal information about their benefits. While sporadic email updates or new laminated • Read More »

Revealed – Survey Responses about Employee Wellness and Benefits

November 2, 2023 | By Cleveland Benefits Partners

The connection between employee wellness and the benefits of the job might seem obvious. But the conversation should be more nuanced than merely a discussion about health insurance, access to mental healthcare like employee assistance programs (EAPs), and well-being apps to reach zen. Indeed, Human Resources professionals must reconsider their definition of benefits. It must extend to all the pros • Read More »

Benefits 101: Premiums, Deductibles, Copays, and Out-of-Pocket Maximums

October 25, 2023 | By Cleveland Benefits Partners

Not understanding benefits terminology is near the top of the list of ways that open enrollment and benefits selection can stress you out.  Open enrollment is coming quickly and soon you will be talking about benefit options. The world of benefits and insurance can be confusing. In-network, out-of-network, deductibles, co-pays and co-insurance? What? Let us • Read More »

Benefits 101: What Is Open Enrollment?

September 25, 2023 | By Cleveland Benefits Partners

For millions of Americans, the end of the year is open enrollment season – a yearly opportunity to take stock of your health care needs and select the health insurance plan that works best for you.  It is a window of time – typically in the fall – when you can sign up for health • Read More »

8 Unique Benefits Employers Are Offering to Attract Talent in Asia-Pacific

September 7, 2023 | By Cleveland Benefits Partners

If the so-called Great Resignation taught us anything, it’s that employees are looking for more than just a salary when it comes to their jobs. Employee benefits have a crucial part in enhancing engagement, attracting new employees, and retaining top talent. Employee benefits refer to any form of compensation that employees receive in addition to their base • Read More »

Financial Safety Nets – Don’t Let Your Employees Slip Through the Cracks!

July 18, 2023 | By Cleveland Benefits Partners

In the wake of the Great Depression and WWII, employers started to add benefits packages.  Healthcare had fallen by the wayside for families working to access the basic necessities of life.  The idea was to support the employee’s personal needs while keeping and attracting the best talents in the workforce. This trend of offering benefits • Read More »

Benefits 101: What Is an EAP?

June 12, 2023 | By Cleveland Benefits Partners

As much as employers might prefer that employees’ personal affairs do not interfere with their work, the reality is that problems outside of the workplace can and do impact job performance.  Many of these issues go unaddressed due to fear of stigmatization, leading to further declines in employee health and productivity.  Anxiety and stress, financial • Read More »

What Is a Total Rewards Package?

June 5, 2023 | By Cleveland Benefits Partners

Total rewards packages refer to the compensation and benefits plans that companies offer. This phrase, however, extends beyond mere salary or wages and traditional benefits, like health insurance, to provide both recruits and employees with a rundown of what makes the employer special. Some in Human Resources might regard the total rewards package as the • Read More »

Employee Benefit Trends: What is a Lifestyle Spending Account?

April 18, 2023 | By Cleveland Benefits Partners

A Lifestyle Spending Account (LSA) offers employers an opportunity to help fund health and wellness costs that a traditional group health plan won’t cover. LSAs are often used as perks to attract and retain quality employees and could be a desirable piece of the employee benefits puzzle. What Is a Lifestyle Spending Account? A Lifestyle • Read More »

Two Areas Impacting Benefits When the COVID-19 Emergencies End

April 4, 2023 | By Cleveland Benefits Partners

When the COVID-19 public health emergency and national emergency were declared in 2020, no one anticipated they would still be in place in 2023. On January 30, 2023, the President announced the intent to end the emergencies on May 11, 2023. The impact of the emergencies on employer-sponsored benefits affected certain coverages, reimbursements, and timelines. • Read More »

Employee Benefit Communication: It’s Not Just About Open Enrollment

March 13, 2023 | By Cleveland Benefits Partners

Employee benefits and open enrollment may be something you only think about a few times a year, and for your employees, it might be even less often. However, with a thoughtful, year-round communications plan, your business can increase employee engagement and smart benefits utilization. Many employees don’t know what benefits are available or how to utilize • Read More »

An Ounce of Prevention is Worth a Pound of Cure

March 7, 2023 | By Cleveland Benefits Partners

Health care is expensive but there is good news: Most insurance plans come with free preventive care and benefits.  There is a lot of confusion around what is and isn’t preventive care – and why it matters.  Here is what you need to know. What is Preventive Care and Why Is It Important? Preventive care • Read More »

Healthcare 101: Back to Basics

February 6, 2023 | By Cleveland Benefits Partners

Getting sick can be expensive.  Even minor illnesses and injuries can be very costly to diagnose and treat.  Health care coverage helps you get the care you need and protects you and your family financially if you get sick or injured. We’re breaking down the health insurance basics.  Because, when you understand it, you’re more • Read More »

Top Benefits for 2023

January 23, 2023 | By Cleveland Benefits Partners

A hot labor market that has seen scores of employees leave their jobs for new and better opportunities has HR and benefits leaders planning to up the ante when it comes to benefits that sway workers to stay. But at the same time, employers also are aware of soaring costs and inflation concerns and are • Read More »

How to Make the Most Out of Open Enrollment

October 11, 2022 | By Cleveland Benefits Partners

Choosing the right benefits during open-enrollment season is so important and can help save money. It can also give individuals and families broader support with their health. Benefits like medical coverage are particularly important with high inflation having such a big impact on people’s budgets. A survey by UnitedHealthcare found that nearly 40% of employees • Read More »

Controlling Employee Benefit Costs Amidst Inflation

August 30, 2022 | By Cleveland Benefits Partners

Inflation is a silent budget killer- it causes everything to go up, from your groceries to your gas, as the purchasing power of money decreases.  Americans are feeling the pinch as the U.S. experiences the highest inflation level in 40 years. Inflation has been particularly frustrating for Americans who are struggling to pay for items • Read More »

Benefits Education 101 for Employees

June 7, 2022 | By Cleveland Benefits Partners

Companies spend a large amount of time and money creating valuable benefits plans for employees.  But after all that work, they often get low participation.  Good benefit choices require an effort from employers to ensure that employees have help in understanding their benefits options.  To make things even more complex, employers are having to consider • Read More »