Making the Right Healthcare Purchasing Decisions as a CFO
Nobody knows a company's financial situation better than the CFO, and most times, they aren't even involved in the.
Dan Cook writes for Benefits Pro about the results of a recent survey by the insurer Guardian, which reveals that many Americans do not understand the benefits (health or otherwise) they are receiving.
“Twenty percent of those surveyed would have received an “F” if the survey had been a test using the generally accepted grading methods, and 25% say making benefits selections is more of a guessing game than an educated guess.” One highly important, incorrect belief people hold about their benefits is that if they are facing a critical illness, their benefits would reimburse them for lost income. And only 47% of workers say “my employer does a good job of educating me about my benefits" - which could be the most essential source of benefits information of all.
Employers can do more to engage with employees about what their benefits do and which ones they want - download Nonstop's Guide to Best Practices for Engaging Employees to learn more:
The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources believed to be reliable, but there is no guarantee as to its accuracy. This communication does not constitute a legal opinion and should not be relied upon for any purpose other than its intended educational purpose.Nobody knows a company's financial situation better than the CFO, and most times, they aren't even involved in the.
In today's competitive job market companies can find it hard to afford to retain quality candidates. For nonprofits.
As one of the biggest line items in any organization’s budget, employee healthcare should be a central.