Pros and cons of group health insurance

Mardy Gould • May 10, 2024

If you’re an employer focused on attracting and retaining talent or improving employee productivity, you know how important it is to offer a valuable health benefit. Because you may be most familiar with a traditional group health plan , it may be your first choice for your benefit. But in the ever-changing healthcare market, how do you know if it’s the best choice for your organization?

Before deciding, you must consider the advantages and disadvantages of group health insurance. Depending on your chosen type of health insurance , its specific benefits and plan limitations may not suit your business.

In this article, we’ll discuss employer-based group health insurance and its pros and cons and walk you through other health benefit options that can work for your organization.

Employee burnout: what it is and how to prevent it

By Mardy Gould • May 24, 2024
Employee burnout has become an epidemic in today’s modern workplace. So much so that the World Health Organization (WHO) officially recognizes it as an “occupational phenomenon.”1 While many used to consider mounting workplace stress an individual employee problem, these days, it’s become an employer’s responsibility to prevent burnout before it hurts productivity and business performance—not to mention your employees’ physical and mental health. Luckily, you can prevent burnout from affecting your workforce in several ways. This article will explore the causes and signs of employee burnout and the steps you can take to create a positive work environment where employees feel safe from toxic stress levels.

Form 720 and PCORI fee FAQs

By Mardy Gould • May 23, 2024
If you're a small business owner, you may have heard of the acronym PCORI and the fees that come with it. But what is PCORI, and how does it apply to your organization? Under the Affordable Care Act (ACA), sponsors of self-insured health plans must pay a fee to fund the federal Patient-Centered Outcomes Research Institute (PCORI). PCORI is an independent organization the ACA created to conduct research to help healthcare consumers make better decisions for their specific needs and outcomes. It also performs research related to clinical effectiveness. Employers offering a self-insured medical reimbursement health plan, such as a health reimbursement arrangement (HRA), must pay this fee by July 31 each year via Form 7201. This fee was initially set to expire in 2019, but Congress extended it through September 30, 20292, due to the Further Consolidated Appropriations Act of 20203.
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