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The Impact of Supply Chain Issues and Rising Inflation on Employers

The COVID-19 pandemic tipped off supply chain issues that may take years to reconcile. Due  to virus disruptions, global systems that seemed fine for years quickly proved untenable as operations deteriorated. Now, employers are left wondering how they might be able to stay afloat amid unprecedented market uncertainty.

This article outlines key factors contributing to the current crisis and explores how they may affect employers.

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Tips to Save on Gasoline Costs

Gasoline prices have soared across the country, causing many motorists to feel the pinch as they fill up their vehicles. Fortunately, there are several steps that drivers like you can take to boost fuel efficiency and cut costs at the pump. Consider these tips to help minimize gasoline expenses.

Drive safely.Unsafe driving habits such as speeding, hard braking and idling can significantly reduce your vehicle’s fuel efficiency. As such, be sure to always obey speed limits and remove your foot from the gas pedal well before braking. Also, utilize cruise control when possible to maintain a consistent speed and turn your vehicle completely off instead of leaving the engine running while stopped for extended periods.

Check your tires. Poorly inflated tires can affect your vehicle’s handling and braking capabilities, increasing the risk of a blowout on the road and lowering overall fuel mileage. Make sure to check the pressure of your tires frequently and inflate them as needed.

Prioritize maintenance.Apart from keeping the tires inflated, having your vehicle serviced routinely can also help it run more efficiently.

Check your vehicle’s owner’s manual for recommended maintenance intervals.

Avoid drag. Excess weight in your vehicle can generate a drag on the engine, forcing it to consume additional gasoline. To avoid driving around with unnecessary weight and wasting fuel, check the back seat and trunk for any items that could be removed. Additionally, keep the windows up while traveling on the highway to further minimize drag.

Give the air conditioner a break. Running your vehicle’s air conditioner can also result in the engine using extra fuel. Try to limit your use of the air conditioner by turning it off five minutes before reaching your desti- nation and parking in the shade or a covered garage.

Combine trips. Instead of taking several short trips to run errands, consider combining these journeys to promote fuel efficiency and prevent your vehicle’s engine from having to warm up multiple times. If possible, don’t run errands during rush hour, as driving amid heavy traffic can waste gasoline.

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Benefits 101 Video Series

Attracting and retaining employees is a constant struggle for organizations of any size. That’s why it’s critical for employers to tailor their benefits offerings in a way that attracts and retains the most employees.

Whether your business is getting started offering benefits or has a program in place we can help you better fit your offerings to your team’s needs.

Stay tuned for more helpful videos and let Employee Benefits Management Group help ensure your benefits offering is the best it can be. 

Video 5: Questions to Ask Your Doctor

Play Video

Video 4: Introduction to Group Health Insurance

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Video 3: How to Read a Medical Bill

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Video 2: Employee Assistance Program Basics

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Video 1: The Benefits of Health Insurance

Play Video

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Balancing Work and Kids Going Back to School

The coronavirus (COVID-19) pandemic makes it a school year like no other. Parents have had to make difficult decisions about whether to send their children back to school in person, enroll in virtual learning or opt for a combination of the two. Whether students are learning in a classroom or virtually, parents may find themselves having to balance work responsibilities with virtual learning or child care responsibilities at the same time.

Parents face a unique set of challenges as they attempt to balance the needs of their children—especially schooling—with their own concerns about work, finances and health. This article explores how to navigate pandemic stress and uncertainty, and how to build resilience throughout the school year.

Read the full article here.

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BCBS Settlement of Antitrust Litigation

Blue Cross Blue Shield Association has reached a settlement in a class action antitrust lawsuit.

Many companies and/or their employees have or will receive either mailers or emails concerning the settlement. The total settlement is $2.67 billion, which will certainly catch anyone’s attention.

The class action lawsuit charged that the 36 independent and locally operated BCBS companies in the US had violated antitrust laws by entering into an agreement with each other to limit competition amongst themselves in selling health insurance and administrative services for health insurance. The BCBS companies have denied any wrongdoing.

Note that there are 36 BCBS companies nationwide and that the BCBS companies provide health insurance to 1 in 3 Americans across all 50 states, the District of Columbia and Puerto Rico.  BCBS NC is just one of the 36 companies. Of the $2.67 billion, it is expected that $667.5 million will be applied toward legal expenses and $100 million toward Administrative Costs. The expected Net Settlement Fund will be $1.9 billion. Affected persons and companies (plan sponsors) are;

  • Individuals and fully insured groups (and their covered employees) with coverage (at any time) from February 7, 2008 through October 16, 2020 (12.5 years),
  • Self-funded groups and their employees with coverage (at any time) from September 1, 2015 through October 16, 2020 (5 years).

The court must still approve the Settlement but is expected to do so.

Please download from below the Long Form for action items and deadlines between today and November 2021. You may also download the full Settlement Agreement for review. Visit www.BCBSsettlement.com for more information and to file a claim.

Downloads:

Settlement Agreement (1.9mb)

BCBS Long Form (295kb)

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COVID-19 vaccines are being administered nationwide

North Carolina is now permitting Group 3 vaccinations. 

You may want to develop a company policy at your firm.

We have secured a number of documents targeted to answer your questions and communicate your policy to your employees.
Note that the mandatory compliance letters are samples only and we are not advocating for any particular position on the vaccines.

Please review the attached and let us know if you have any questions.

COVID-19 FAQ’s For Employers – pdf (94kb)

Facts About COVID-19 Vaccinations – pdf (500kb)

Facts About COVID-19 Vaccinations (Spanish) – pdf (500kb)

Employer’s Mandatory Vaccine Letter – Word DOCX – (23kb)

Employer’s Mandatory Vaccination Policy – Word DOCX – (41kb)

Employer’s Overview Of COVID-19 Vaccines – Word DOCX – (300kb)

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Are you feeling late payment anxiety?

We hope everyone is doing well and staying safe.

During the past 2 or 3 months many of our clients have experienced late payment status and even near-termination of their benefit plans because their premium payments were delayed by the USPS. 

We have been able to work through the issues but it has caused a great anxiety for the clients.

You may want to consider one of the following as we do not expect the performance at USPS to improve any time soon.

  • Mail your premium payments earlier to ensure they arrive on time
  • For online banking, set the delivery date earlier than normal
  • Make a direct payment through the insurer’s portal
  • Set up auto pay with the insurer

Please feel free call, e-mail or use the form below to contact us with any questions.

Are you feeling late payment anxiety? Read More »

Can Employers Require Workers to get a Covid Vaccine?

As health and political leaders craft strategies for distributing Covid-19 vaccines nationwide, questions about workforce implications of the rollout are top of mind for many employers.

The first and perhaps most obvious of these questions: Can I require my employees to get vaccinated? According to Diane Hoffmann, a professor at the University of Maryland School of Law, the answer is yes.

A vaccination is legally considered a medical procedure, which employers can require their employees to receive if deemed necessary to perform their jobs safely and successfully, said Hoffmann, who serves as director of the school’s Law and Health Care Program. Given the highly infectious nature of Covid-19, a vaccine mandate may be considered particularly in workplaces where employees must work on site and in close proximity to one another, or in those where they interact extensively with the public.

But just because employers can legally mandate getting a coronavirus vaccination doesn’t mean they all will.

There is some precedent for large-scale vaccine mandates, Hoffmann said. For example, most K-12 schools across the country require children to provide proof of certain immunizations before they can attend, and health-care organizations such as hospitals and nursing homes often require their employees to get several vaccinations, including an annual flu shot.

However, vaccine mandates in other areas of private industry are relatively unprecedented.

Hoffmann said some employers may worry about the legal repercussions of mandating a vaccination, including exposing themselves to a lawsuit if an employee has an adverse reaction to the vaccine. Additionally, employers who do opt to require their employees to be vaccinated will have to allow exceptions for people with a religious belief or medical condition that legally precludes them from receiving vaccines. Employers may have to make special accommodations for those who cannot be vaccinated if they establish a mandate.

However, there is also a risk that employees will sue if they are required to come back to a workplace without a vaccine mandate,and they end up contracting Covid-19, Hoffmann pointed out.

“For a lot of businesses, this will be uncharted territory,” Hoffmann said. “I expect lots of employers will be talking to their lawyers about the legal frameworks here.”

The vaccine formulations being brought to market are reported to be more than 90% effective, and are cleared for use under the U.S Food and Drug Administration’s “emergency use authorization,” a system that expedites the availability of certain health interventions during public health emergencies. Hoffmann said employers may want to wait until the vaccines have received full standard FDA approval before they consider making vaccination a job requirement.

That seems to be the route that Maryland-based health system MedStar Health is taking. MedStar CEO Kenneth Samet said although his was one of the first health systems in the country to mandate flu vaccinations for its workers, it is not requiring Covid vaccinations for now.

At this point, MedStar leaders are strongly encouraging employees to get the vaccine if they can. Samet said he would be “first in line” if he were among the essential workers at the front of the distribution hierarchy, but he understands some people may be nervous about the vaccines and will want to wait until more data is in.

While employers mull their options with counsel, human resources expert Amy E. Polefrone said every employer should at least be developing a game plan for when vaccines are widely available.

“These vaccines have big implications for everyone getting back to work,” said Polefrone, who is CEO of Ellicott City’s HR Strategy Group. “Employers should be preparing, and doing everything they can to encourage employees to get the vaccine.”

Polefrone said for many companies, the Covid vaccines represent a path to getting truly back to business. She said business owners should be laying plans for how a phased return-to-work strategy might go, and maintaining open communication with their employees. She recommended employers share educational materials about vaccines and invite science and health experts to speak to workers about any questions or concerns they may have.

She also advised that business owners make the process of getting vaccinated as burden-free as possible for employees. Health insurers are expected to cover the costs of Covid vaccinations for their individual and group policy holders. But for those businesses that do not offer health benefits, Polefrone said employers may want to consider subsidizing or covering the costs of vaccinations.

Polefrone said it will take many more months before we have mostly vaccinated workforces, but she is excited to see the first steps in that direction happening. In the meantime, she said companies should expect to continue operating with mask and social-distancing requirements, as well as increased cleaning schedules for the foreseeable future.

From the Triangle Business Journal:
https://www.bizjournals.com/triangle/news/2020/12/10/employers-may-require-workers-get-covid-vaccine.html

Morgan Eichensehr
Reporter
Baltimore Business Journal

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