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Cost Of Providing Workers Compensation Benefits Declining Relative to wages, payments made by U.S. employers for medical care and cash benefits for workers disabled due to workplace injuries or diseases appear to be declining, according to a study of trends in workers compensation benefits released by the National Academy of Social Insurance (NASI), a nonprofit organization that conducts research on social insurance. Congress Weighs Allowing Pre-Tax Payment Of LTC Insurance Premiums A bipartisan bill that would allow employers to offer workers the opportunity to purchase qualified long-term care insurance on a pre-tax basis was filed in the Senate on November 13, 2007, by Sens. Chuck Grassley (R-IA), Olympia Snowe (R-ME), Blanche Lincoln (D-AR), Debbie Stabenow (D-MI), and Gordon Smith (R-OR). Paid Time Off Banks Can Reduce Unscheduled Absences While a growing body of evidence suggests that paid time off (PTO) programs can help to reduce the number of unscheduled employee absences, many employers are reluctant to switch from traditional time off (TTO) benefits to a PTO model, according to a survey conducted by the Alexander Hamilton Institute (AHI), an employment law consultancy. Employers Making Progress In Managing Health Care Costs Companies that make sustained and comprehensive efforts to better manage the delivery of health care benefits are seeing impressive results when it comes to controlling costs, as indicated by the results of the 2008 “Health Care Cost Survey” conducted by human resources consultancy Towers Perrin. |
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