The easy answer is to eliminate programs altogether. While effective from a dollars and cents perspective, it’s a bit drastic. More importantly, it certainly doesn’t engender any good will from your staff. The current trend is to lessen benefits before eliminating them. This is what the industry refers to as cost sharing. How does cost [...]
The Impact of Healthcare Reform on Terminating Employee Coverage
April 21, 2011 By Leave a Comment
Here’s the scenario: An employee leaves or is terminated early in the month. During that month, some portion of their health insurance premium was deducted from their pay. You’d like to remove them from the plan for that month. In the past you might have: Retroactively terminated the coverage back to the first day of [...]
