End of Year Review of Your Benefits Package By Eastern Benefits 12/29/2016 11:00 AM | 0 Comments Another year has come in gone in what seems like the blink of the eye. 2016 has been a disruptive year, especially in the world of benefits. Now is the time to evaluate the competitiveness and compliance of your company’s benefits package. At Eastern Benefits Group, it is our goal to ensure that your organization is compliant and offers benefits packages that will attract and retain the best talent in your industry. Here is our guide to help you review your benefits package as you prepare for the new year. Benefits to Review As your organization changes, your benefits change, too. Take the time to review these benefits to make sure they are the right offering for your employees: Health insurance Dental Insurance Life Insurance Disability Insurance 401K Retirement Savings Account and Pension Plans Flexible Spending Accounts Vacation or Paid Time Off Program Provide Competitive Benefits in 2017 The competition is tough in the current market to attract and retain the best talent. Your organization’s benefits package can be the differentiator for a prospective job applicant. Analyze your annual budget for 2017 and consider if you can include these fringe benefits in the mix during the new year: Student loan repayment Ability to work remotely Technology credit (ie. new laptop or cell phone for employees) Employee wellness programs Transportation reimbursement Free lunch and coffee Educational assistance Professional development programs Community volunteer programs Pets at work Check Your Compliance Are your benefits offerings compliant with local regulations and laws? There have been many changes to the Affordable Care Act since it was enacted in 2010. Confirm that your health insurance offerings are compliant with these changes by reviewing our resources: 2016 ACA Compliance Checklist Compliance Checklist for Large Employers Compliance Checklist for Small Employers Annual Compliance Deadlines for Health Plans Get in touch with an Eastern Benefits agent to confirm which benefits need a compliance review based on your state’s laws. We’re also here to help you review your benefits package in more detail and offer you suggestions on ways to improve it in the new year. Visit our website or give us a call at (877) 542-7267 for more information.