Educational Assistance Benefits: 2015 Survey Results
Educational assistance programs continue to gain steam with several large companies—McDonald's, Starbucks, and Chipotle all recently added or expanded their tuition reimbursement programs. The International Foundation administered a survey to find out why this classic employee benefit has remained so popular.
About five in six (83%) organizations offer some sort of educational assistance or tuition reimbursement benefit to their employees. [Read more]
Survey Results: Corporate Benefits Departments
Corporate benefit departments are shifting, growing, and responding to the needs of their employees by outsourcing more time-consuming benefits functions. The International Foundation of Employee Benefit Plans explored responsibilities, staffing practices, challenges and trends in a recent survey, Corporate Benefits Departments: Staffing and Operations
ACA Cadillac Tax and Reporting: 2015 Survey Results
With the Cadillac tax on the horizon, employers nationwide are taking steps to determine if they will trigger the tax and then, most commonly, taking actions to avoid the tax. Nearly nine in ten employers have calculated if their health plan will trigger the Cadillac tax and, of those, 60% say that without any future changes their plan will face the tax.
This new International Foundation survey examines the actions employers are taking with the Cadillac tax. It also provides a look at employers' understanding and progress toward upcoming ACA reporting requirements. [Read more] (10/1/15)
2015 Aegis Risk Medical Stop-Loss Premium Survey
This year’s survey, its ninth year with ISCEBS, reflects an ongoing rise in stop-loss premiums and a continued commitment to employer-sponsored, self-funded health plans. The rising frequency of truly
catastrophic claimants continues—with one in five respondents reporting a claimant in excess of $1 million over the last two policy years.
Stop-loss remains the primary focus of risk management, with interest in captives and private exchanges remaining slight at 10% or less amongst respondents. Additional updates are provided on individual stop-loss deductible by employer size and other coverage provisions, including aggregate stop-loss. The primary focus of the survey remains current premium rates, as shown in the following graphs and tables. Stop-loss premium reflecting over 550,000 covered employees is measured. [Read more] (9/1/15)
2015 Employer-Sponsored Health Care: ACA's Impact
Employers say 2016 will be the costliest year yet for ACA Compliance, according to results from the International Foundation's latest survey. The impending Cadillac tax followed by administrative costs and costs associated with reporting, disclosure and notification are expected to be the top future cost drivers.
The annual survey, now in its sixth year, examines how single employer plans are being affected by the Affordable Care Act. The comprehensive report examines plan design and funding, reactions to health insurance exchanges, cost-management initiatives and the potential impact on health care benefit costs. [Read more] (9/1/15)
Annual Defined Contribution Benchmarking Survey Findings
Enhanced offerings to make it easier for employees to save for retirement, combined with the growing economy, have stimulated employee contribution rates and account balances, according to ISCEBS and Deloitte’s 14th “Annual Defined Contribution Benchmarking Survey.” Plan sponsors and providers surveyed have invested nearly across the board in expanding offerings to engage employees, from automatic enrollment and step-up contributions, to individual financial counseling and mobile transaction processing. The number of plans offering step-up contributions increased substantially from 46 percent or respondents last year to 62 percent in 2015, and mobile transaction processing is now available for 59 percent of plans surveyed (up from 52 percent in 2013-14 and 25 percent in 2012). Read the release or the full survey now.
Domestic Partner Benefits After SCOTUS Decision: 2015 Survey Results
The U.S. Supreme Court decision on June 26, 2015 means all states must now license same-sex marriages or recognize those performed in other states. The International Foundation of Employee Benefit Plans administered a survey to find out how the Obergefell v. Hodges decision will affect employers. [Read more] (7/10/15)
Workplace Threats - 2015 Survey Results
Despite seemingly common workplace fears like disease outbreaks, violence and natural disasters, the number one concern for organizations is a cyber attack. The International Foundation of Employee Benefit Plans recently released their 2015 Workplace Threats survey and 37 percent of organizations said a cyber attack was their number one concern, compared to other potential threats. In response, organizations are more financially prepared – 64% are spending more now than they did 5 years ago for workplace threat prevention. View the related press release. (3/12/15)
Workplace Wellness Trends - 2015 Survey Results
Nontraditional wellness initiatives are quickly taking the stage as top wellness benefits, according to the Workplace Wellness Trends survey from the International Foundation of Employee Benefit Plans. More traditional wellness initiatives like health risk assessments and flu shots remain popular among workplaces but the International Foundation noticed a growing emphasis on less traditional initiatives like mental health coverage (63%), encouraged vacation time (66%) and tuition reimbursement (63%). This comprehensive survey is designed to help benchmark wellness trends in the U.S. and Canada. View the related press release. (2/17/15)