4 Truths About Benefits Enrollment

4 Truths About Benefits Enrollment

Lingering uncertainties in the U.S. economy and the still uncertain impact of the ACA continue to make it necessary for employers to refine benefit offerings. There is a need for increasingly sophisticated and meaningful benefits communication and education to support employees and to help them make the wisest decisions for themselves and their eligible dependents. Research showed that: 86% of employees find the insurance purchase process confusing 38% report they are not very confident that they made the right decisions during their last annual enrollment 42% do not believe they use their benefits effectively One reasons for this dissatisfaction on the part of employees regarding the benefits offered by their employers — if not the biggest reason — is that most benefits enrollment technology falls short of expectations. These systems do not factor in these truths about benefits enrollment: 1. People don’t want to shop for benefits. 2. Too many choices makes it harder to make decisions. …

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3 Simple Steps: The Easy Work-Flow To Add A New Contact In SmartOffice

You use SmartOffice every day to make your life easier. But we want to make your life even easier. So here are our 3 simple steps to make adding a contact in SmartOffice a breeze. Step 1: Using the Quick Add feature, located in the middle, at the top of your screen, select Contact from the new drop down list. Step 2: When the New – Contact form opens, enter your client’s information. *To kick-off a work-flow process remember to add them to an Opportunity. Step 3: Click Save & New if you have more contacts to add or Save & Close if you’re finished.   Voilà! You’ve just added a new contact to SmartOffice in 3 simple steps. If you have any questions about your SmartOffice products or services we’re here for you! Contact your SmartOffice sales rep or reach out to our support team by calling 855.275.3249 or …

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Biosimilars: Preparing For The Revolution

Biosimilars: Preparing For The Revolution

In the pharmaceutical industry, necessity is the mother of invention. Faced with the impending loss of exclusivity of several biologics currently on the market, biosimilars have emerged as a cost-saving alternative. But the road to market has been a bumpy one. Innovation goes hand-in-hand with significant R&D costs and competition. The complexity and cost of production, regulatory drag, and push-back from companies with biologics on the market through legal challenges and aggressive marketing of the original biologics have all been contributing factors slowing their arrival. But make no mistake, biosimilars are coming. A Trend Not to be Ignored Significant growth in the biosimilars market is expected with the global market size expected to reach $2 billion by 2018. New legislation on biosimilars is being adopted around the world, and while there are currently only 2 agents approved in the US, more than 20 are approved in Europe. Development is accelerating, …

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Ever Wondered Just Who Insures the Olympics?

Just who insures the Olympics?

With the Rio Olympics in full swing, we wanted to know just who insures the Olympics? Well, that’s a pretty complicated question. With 308 events showcasing the talents of 11,551 athletes, over $9 Billion in infrastructure and transportation investments, and over 300 gold medals ranging in value from $10,000 to over $1 Million, there are a multitude of Health, Disability, and Property & Casualty risk and coverage concerns that are inherent to the Olympics. When Medals are Meddled With One area of concern is the coverage of potential loss of an Olympic medal, especially gold medals.  These can range in value depending upon factors such as which sport they are awarded in or if they have some specific historical significance. For example, one of the four gold medals won by Jesse Owens in the 1936 Berlin Olympics was sold in 2013 for $1.47 Million. While this medal probably has its …

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Flexibility Bias: What HR Leaders Need to Know

Flexibility Bias: What HR Leaders Need to Know

What happens when employees need a flexible work schedule, often in response to childcare needs? While it’s not uncommon for workers to arrange a telecommuting or flex time schedule with their employers, there can be a significant downside – flexibility bias. This phenomenon, involving prejudice and resentment from co-workers and even managers towards employees who need a flexible schedule, isn’t new. However, its impact may be more pervasive and damaging than many employees and employers realize. A case in point: Researchers at Rice University and the University of California, San Diego, polled 266 faculty members at a top-ranked university about attitudes towards parents of young children who had flexible work schedules. The results, recently published in the journal Work and Occupations, show flexibility bias is a problem even in a university setting where flexible schedules are more common – and this prejudice can not only harm a worker’s career, but it can also negatively impact an organization’s bottom line. While the study …

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