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Small Businesses Committed To Offering Benefits The vast majority of small and mid-size companies continue to offer benefits to employees despite the challenging business climate and rising premium costs, according to a survey by Employee Benefits News (EBN) magazine and Genworth Financial. Health Benefits Weigh On Bottom Line As the cost of providing health care coverage to employees continues to rise at rates well above inflation, many small business owners are being forced to cut down, or eliminate altogether, health benefits for their workers, a recent survey showed. More Employees Covered By Disability In H1 2004 The number of employees covered by group long-term disability (LTD) insurance grew by just over 3%, and the number of short-term disability (STD) insured employees rose by 2% during the first half of 2004, according to a benchmarking survey by disability consulting and market research company JHA. Rising Costs Force Employers To Adjust Benefits Many employers are responding to rising medical insurance premium costs by making changes to their health benefits packages, according to benefits consultancy Watson Wyatt Worldwide. The firm, which provides advice to employers on their health care benefit programs, said in a recent report that it had identified several trends for the upcoming open enrollment season. |
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