Industry Trends (58)
Thursday, 27 April 2017 08:22
Introducing an Online One-Stop HR Solution
Written by Juliet Fitzgibbons
Fall River is excited to announce that our clients will now have complimentary access to HR360, a comprehensive online Human Resources portal designed to help you comply with employment and benefit laws in all 50 states. With HR360, you’ll find easy, step-by-step guidance on a broad range of laws and…
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Industry Trends
Monday, 10 April 2017 09:39
Benefits for Spouses – Not all Employers say “I Do”
Written by Scott Nitowski
Employers are naturally concerned about their rising healthcare costs, and are always looking for ways to cope with this ongoing situation. While Fall River helps its clients create year-round strategies to address costs over the long term, some employers need some short term or one-time savings.
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Industry Trends
Wednesday, 29 March 2017 08:36
What HR Topics Would you Like to Learn More About?
Written by Tonya Young
At Fall River, we pride ourselves on bringing our clients valuable information pertaining to their benefits package and other aspects of their jobs. We are exploring options that will provide our clients with useful Human Resources information and assistance. To this end, we’d like your feedback on what HR topics…
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Industry Trends
Wednesday, 14 December 2016 15:01
The Three Trump Cabinet Positions that Most Impact Employers
Written by Scott Nitowski
In President-Elect Trump’s administration, changes to our healthcare landscape seem to be inevitable. Nominations for many prominent cabinet positions have already been made and will be considered by Congress starting in January. What should you expect? Here are the three nominees that we think will most impact you as an…
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Tuesday, 29 November 2016 17:34
Group Insurance is Now Cheaper than Individual Insurance
Written by Scott Nitowski
The largest increase for the individual market in Colorado, since the inception in 2014 of the Affordable Care Act Exchanges, will go into effect in 2017. Therefore, most small group insurance plans are now a better value than individual plans. As a result, some small businesses who dropped coverage to…
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Industry Trends
Tuesday, 25 October 2016 22:45
Annual Study Shows Trends Stay Low with Help from HDHPs
Written by Tonya Young
The annual Kaiser Family Foundation/Health Research & Education Trust Employer Survey is always a great source of information about the trends in employer-sponsored health coverage. This year’s big conclusion is that while final premium increases were not that high, the average was markedly reduced by even more movement to cost-saving…
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Industry Trends
Monday, 19 September 2016 02:24
Drug Price Relief may be Fleeting Despite “Patent Cliff”
Written by Kristen Russell
Employers spend approximately 18-20% of their healthcare costs on prescription drugs, and the rapidly increasing cost of specialty drugs is causing this to inch ever up. To offset these cost hikes, we’re always keeping our eyes on expensive drugs that are coming off patent and facing cost-slashing competitors soon. There…
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Telemedicine has become a hot trend among insurance carriers and consumers. It’s not surprising since most services are now available online, so why not healthcare too? Telemedicine allows individuals to access a board certified and licensed physicians via phone, email or video chat - 24 hours a day and 7…
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Are you paying more and more for worse benefits? While some aspects of rising healthcare costs are driven by factors outside our control, there are MANY factors within our control, even for smaller employers. The problem is that the strategies used by most brokers aren’t sustainable. Learn how employers of…
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Industry Trends
Tuesday, 12 January 2016 17:00
2016 Self Funding Feasibility Study – Launching Soon!
Written by Juliet Fitzgibbons
After much success with our 2015 Self-Funding Feasibility Study, the Fall River team is back at it again! Fall River’s 2016 Feasibility Study will analyze the advisability for groups of different sizes and locations to become partially self-funded or whether groups already self-funded should be moving up or down the…
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It's not easy being an employer these days, and Benefits can be one of the most challenging topics of all. You've got new compliance obligations coming in 2016, and costs are always creeping up. How do we tackle these head on? Get a jump start on your planning with our…
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Industry Trends
Thursday, 27 August 2015 06:18
2015 Self Funding Feasibility Study – Don’t Miss Out!
Written by Juliet Fitzgibbons
Partially self funded plans are benefit plans that look and feel like a traditional health insurance plan. If they are structured properly, there is little or no risk to the employer with a significant potential to gain in a given year. These plans can often offer a better value and…
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Many employers benefit by adding employee-paid benefits to the mix of what the employer can afford to pay for. For example, the employer might sponsor and pay a portion of the medical and dental plans, but leave employees to enroll in their own chosen coverage for life insurance, disability coverage,…
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Most employers use an outsourced payroll system, because of the large non-compliance penalties associated with tax filings. And large employers have enjoyed HRIS technology for years that automates many of their HR tasks. But more and more small employers are starting to benefit from this same technology, and we want…
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Industry Trends