Knowlton Benefit Consultants Inc.

06/21/2023

https://www.knowltonbenefitconsultants.com/rethinking-employee-benefits-strategies-for-enhancing-worker-satisfaction/

As employers navigate a rapidly changing landscape marked by inflation, mental health challenges, and ongoing pandemic-related issues, employees are calling for more comprehensive support. Experts argue that a re-evaluation of employee benefits, grounded in data-driven insights, is necessary to addr...

06/07/2023

https://www.knowltonbenefitconsultants.com/the-healthcare-affordability-gap-employer-confidence-meets-employee-skepticism/

The burden of paying for healthcare benefits has grown substantially for many employers. As the average expense for employee healthcare is projected by the Society for Human Resources Management to increase by 6.5 percent in 2023, surpassing $13,800 per employee, businesses of all sizes struggle to....

05/15/2023

https://www.knowltonbenefitconsultants.com/tripledemic-presents-more-challenges-for-employers/

Employers across various industries face unprecedented challenges as they deal with the surge in employee absences caused by the simultaneous spread of COVID-19, flu, and respiratory syncytial virus (RSV). This triple threat has been dubbed the “tripledemic,” and it is testing the capacity of or...

11/22/2022

https://www.wsj.com/articles/the-inflation-reduction-act-comes-for-medicare-ira-elderly-voters-payments-benefits-cuts-revenue-losses-subsidies-11669060307

It will cut benefits and increase premiums, upsetting millions of elderly voters.

11/09/2022

https://www.knowltonbenefitconsultants.com/what-to-consider-when-choosing-a-health-benefits-account/

According to the Kaiser Family Foundation, approximately 156,199,800 Americans receive health coverage via employer-sponsored plans. In other words, every year nearly half the U.S. population has to choose what it perceives to be the best plan for its needs. As a result, employees have to analyze no...

11/02/2022

https://www.knowltonbenefitconsultants.com/rising-healthcare-costs-compel-employers-to-prioritize-plan-affordability/

As healthcare benefits costs continue to rise, 67% of U.S. employers are focused on cost control over the next three years. This is in response to an expected 6% increase in healthcare costs in 2023, compared to the average 5% increase this year. According to the 2022 Best Practices in Health Care S...

10/12/2022

https://www.knowltonbenefitconsultants.com/%ef%bf%bcemployers-look-to-improve-health-and-benefits-offerings-ahead-of-2023-open-enrollment/

Despite the more challenging economic environment, employee turnover rates have not improved significantly. According to the US Bureau of Labor Statistics, 4.2 million people quit their jobs in June 2022, showing little change. To attract and retain top talent, employers are increasingly offering im...

07/06/2022

https://www.knowltonbenefitconsultants.com/%ef%bf%bcirs-increases-2023-hsa-and-hdhp-contributions/

In late April, the IRS announced a significant increase in health savings account (HSA) and high-deductible plan (HDHP) contribution limits prompted by rising inflation. Eligibility for HSAs is also changing as HDHP minimum deductibles rise. HSA Contribution Limits Increase Health savings accounts h...

06/22/2022

https://www.knowltonbenefitconsultants.com/remote-working-still-among-the-most-desirable-employee-benefits/

06/08/2022

https://www.knowltonbenefitconsultants.com/%ef%bf%bcpros-and-cons-of-the-4-day-workweek/

Many workers have cited the fourday workweek as a highly desirable employee benefit. A Qualtrics survey conducted in January found that 92% of people support the concept and believe it would improve their productivity and mental health. It isn’t a new idea, of course. It’s been around awhile but...