News To Know – May 2016
THE TOP 9 REASONS WHY YOUR BEST EMPLOYEES QUIT (AND HOW TO STOP THEM)
MAY 10, 2016 | BY YOUNG ENTREPRENEUR COUNCIL
No matter what industry you're in, no business owner is safe from experiencing their fair share of employee turnover. In that same vein, it seems that the reasons they're leaving are more or less the same across the board. But if you can do your best to skirt these issues, you'll have a real shot at retaining the people you need most.
Nine entrepreneurs from Young Entrepreneur Council (YEC) share the top reasons employees quit their jobs, and how you as a leader can intervene and fix the issue before any two weeks' notice conversations come into play.
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CIGNA SAYS DEAL WITH ANTHEM MAY NOT HAPPEN THIS YEAR
MAY 8, 2016 | BY BLOOMBERG NEWS
Cigna Corp.’s acquisition by health-insurance rival Anthem Inc. may not be approved this year, Cigna said Friday in a regulatory filing.
Shares of both companies declined. An analyst said the delay could be a sign of trouble for the deal, which is one of two pending health-insurance combinations being scrutinized by regulators who have expressed concern about further concentration of the health-care industry.
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2017 HSA LIMITS RELEASED
APRIL 29, 2016 | BY DAN COOK
Change is not the order of the day for health savings account (HSA) limits in 2017.
The Internal Revenue Service (IRS) issued its new guidelines for contributions and out-of-pocket expenses for HSAs that are tied to a high-deductible plan this week.
Maximum OOPs for individual and family accounts won’t budge next year, and contributions will remain intact for family plans. Individual contributions increased slightly.
Here’s the run-down of the details:
- Out-of-pocket maximums are unchanged at $6,550 for individuals and $13,100 for families;
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WHY EMPLOYERS SHOULD CONSIDER OFFERING FREE TELEMEDICINE
APRIL 25, 2016 | BY ALLAN KHOURY
Telemedicine has the potential to dramatically lower health care costs for U.S. employers, in fact, by as much as $6 billion annually, according to a Willis Towers Watson internal analysis from a year ago. But employees have been slow to adopt telemedicine. It’s new and different and they don’t yet know which medical issues are appropriate for telemedicine. With 67% of employers offering telemedicine today and 90% expected to by 2018, telemedicine will become ubiquitous. But it will take time.
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SOME FIRMS SAVE MONEY BY OFFERING EMPLOYEES FREE SURGERY
APRIL 25, 2016 | BY NPR, ALL THINGS CONSIDERED
Lowe's home improvement company, like a growing number of large companies nationwide, offers its employees an eye-catching benefit: Certain major surgeries at prestigious hospitals are free.
How do these firms do it? With a way of paying that's gaining steam across the health care industry, and that Medicare is now adopting for hip and knee replacements in 67 metropolitan areas, including New York, Miami and Denver.
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