Employee Benefits Updates provided by Parker, Smith & Feek

Understanding Benefits & Tax Implications for Company Owners

Extending benefits to company owners and directors? Important tax considerations apply. Learn more from our experts to ensure compliance.

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How Employers Can Help Employees Prepare for Retirement

Over half of employees say finances are the leading cause of stress in their lives. By offering personalized guidance and retirement resources, companies can empower their workforce and build a culture of financial well-being.

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Clear Message, Engaged Employees

Effective communication is critical for a positive and productive work environment, yet only 7% of U.S. workers feel they receive accurate, timely, and transparent information.

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Considerations for Evaluating a PBM

Pharmacy benefit managers (PBMs) negotiate bulk discounts with drug manufacturers and wholesalers, potentially reducing prescription drug spending for employers and keeping premiums lower for employees. Here’s what to consider when evaluating PBMs.

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What We’re Watching: AI for HR

Automating HR processes with AI provides a multitude of benefits for businesses of all sizes. Our latest article describes how AI can help HR teams to be more efficient and effective.

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The Value of Employer-Sponsored Fertility Coverage

Explore how offering fertility benefits can be a valuable investment for your business and employees. As 1 in 6 people worldwide grapple with infertility, delve into how this support can make a positive impact.

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ChatGPT’s Top 5 Trends Impacting Employee Benefits:
Mental Health (Part 4 of 5)

In the fourth part of our ChatGPT series, learn how stress-related illnesses can reduce productivity, lead to higher healthcare costs, and impact employees’ well-being.

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Prioritizing Mental Health: The Link Between Mental Health and Employers’ Healthcare Expenses

The true cost of mental health goes beyond insurance claims, covering coexisting conditions and lost productivity. Explore the connection between mental health issues, chronic physical conditions, and their financial impact on employers.

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Using Data Analytics to DriveSuccess in Employee Benefits [Part 2]

Data analytics is key to creating cost-effective, employee-focused benefits. Discover how understanding values and leveraging health data drives lower costs, increased satisfaction, and a robust, engaged workforce.

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Using Data Analytics to Drive Success in Employee Benefits [Part 1]

Data analytics are redefining employee health and benefits in the workplace, focusing on personalized programs and efficient cost management. Explore how incorporating employee feedback data can help provide benefits that employees really need and will use.

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Parker, Smith & Feek is and independent, employee owned, full service insurance broker offering employee benefits, commercial and personal insurance, and surety solutions. Our Employee Benefits Department has been helping clients create and administer valuable benefits programs since 1975.

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