Monthly Archives: July 2024

Maximizing Profitability and Success: Balancing Key Challenges with Cost-Effective Employee Benefits

In the competitive and rapidly evolving field of engineering, businesses face unique challenges in maintaining profitability and achieving long-term success. As we navigate 2024, three key areas demand the attention of engineering company leaders: technological advancements and innovation, talent acquisition and retention, and sustainable business practices. Central to addressing these challenges is the strategic management…

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FMLA: Covered Employers

The federal Family and Medical Leave Act (FMLA) requires employers covered by the law to provide eligible employees unpaid, job-protected leave for qualifying reasons. Covered Employers The following employers are covered by the FMLA: Public agencies, including federal, state and local governments; Local educational agencies, including public and private elementary and secondary schools and public…

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U.S. Employers to Spend $1.3 Trillion on Health Benefits in 2024

Health care spending in the United States has been trending upward for decades, and analysts at the Centers for Medicare and Medicaid Services (CMS) predict that total employer spending this year will increase by 5.8% to $1.3 trillion. Furthermore, spending per participant will increase by 6% to $7,459. However, due to increased health care expenses…

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The 2024 Election’s Shaping of the Future of Healthcare

The upcoming 2024 U.S. election is poised to significantly influence the healthcare and health insurance industries, as healthcare remains a pivotal issue for voters and policymakers alike. The election’s outcome will shape policies that determine how Americans access and pay for healthcare, with profound implications for costs, coverage, and the overall system. Potential Policy Shifts…

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