Employment trends expert Rob Wilson discusses Biden’s Rescue Plan and what it means for companies

President Biden’s ‘American Rescue Plan’ includes several key changes to employment-related categories. It’s crucial for employers to become educated about how these changes will impact their policies moving forward.

“Now is the time that employers should prepare for these upcoming changes,” says Rob Wilson, President of Employco USA and employment trends expert. “There are many modifications to the FFRCA ‘COVID Pay’ categories which will impact the way that you reimburse employees and approach things like sick leave.”

First, says Wilson, is the fact that employers now have the ability to offer employees paid leave through September 30, 2021.

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Employment trends expert Rob Wilson discusses new study and how employers can facilitate a healthier work environment

A new study has found that nearly 50% of American workers are currently struggling with substance and alcohol abuse. The numbers illustrate the stark ways in which the pandemic has impacted the mental and physical health of Americans.

“The data shows that the number of workers who are reporting lower work productivity or missed workdays due to alcohol or substance abuse issues has more than doubled since 2019,” says Rob Wilson, President of Employco USA and employee trends expert.

Wilson says that employers can help to protect employees from substance and alcohol abuse by enhancing their wellness programs in 2021 and taking advantage of high-tech sober support initiatives.

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Employment trends expert advises employers on how to handle hesitant employees

With vaccines rolling out across the country and millions of Americans preparing for a post-COVID reality, research suggests that many people would rather continue working from home than returning to the office. A new ‘Return to Workplace Survey’ from Envoy has found that 66% of employees say that they fear for their health and safety, and nearly 48% say they would prefer a hybrid schedule in which they can continue to work from home a few days a week.

But is the desire to continue working virtually rooted in a fear of the virus or is it a preference for flexibility and the ease of working at home?

“Previous Pew research from late 2020 found that 90 percent of people said they didn’t want to return to the workplace even after it was deemed safe to do so. So, I think employers need to prepare themselves for the reality that they are going to get a lot of pushback from employees about starting to go back to work in person,” says Rob Wilson, President of Employco USA and employment trends expert. “Even with the vaccines and other COVID safety measures in place, the reality is that many WFH employees have simply become accustomed to the lifestyle and don’t want to return to long commutes, business attire, and other obligations that come with working in person.”

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Employment trends expert discusses FFCRA expiration date and employers’ obligations moving forward

On January 1, provisions for COVID-related sick leave under the Families First Coronavirus Response Act will expire. These provisions were created to help buffer the economic pain felt by people who either tested positive for coronavirus or may have come in contact with someone who tested positive for coronavirus, or for parents who needed to provide childcare in cases where daycares or schools were shut down due to virus exposure. But, in just two weeks, these protections will end.

“Under FFCRA, employees received up to 80 hours of emergency paid sick leave (EPSL) related to COVID-19 illnesses and school closures,” says Rob Wilson, President of Employco USA and employment trends expert. “But regardless of whether an employee accessed all of these hours, they will disappear at the end of this month. There’s a small possibility that President-Elect Biden will take office and add new COVID-related EPSL protections in 2021, to make up for these expiring provisions, but that’s a big maybe for now.”

Wilson says that this means employers will no longer receive FFCRA reimbursement from the federal government for any workers’ EPSL taken after Dec. 31.

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Employment expert explains how FFCRA/CARES will impact employee benefits

In order to respond to the continuing COVID-19 crisis which has left millions of people out of work and the economy on the brink of disaster, health insurance and employee benefits are being temporarily revamped to mitigate these pressing concerns.

“Through provisions of the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief and Economic Security Act (CARES Act), company benefit plans are experiencing temporary changes geared towards a more employee-friendly offering,” says Rob Wilson, employment expert and President of Employco USA, a employment solutions firm with locations across the country.

Below, Wilson outlines new changes to health insurance plans and employee benefits which have recently been implemented due to the pandemic:

Medical Plan Coverage: “UnitedHealthcare – the nation’s largest insurance company – and other large insurers are waiving cost sharing and copays for coronavirus disease 2019 (COVID-19) treatments,” says Wilson. “While each company differs in how long the waivers will be in place and what other costs will be waived, these announcements are part of a cross-country effort to help individuals access affordable care during the COVID-19 pandemic.”

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BULLETIN
April 08, 2020 (UPDATE)

Through provisions of the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief and Economic Security Act (CARES Act), company benefit plans are experiencing temporary changes geared towards a more employee-friendly offering.

Medical Plan Coverage: UnitedHealthcare – the nation’s largest insurance company – and other large insurers are waiving cost sharing and copays for coronavirus disease 2019 (COVID-19) treatments. While each company differs in how long the waivers will be in place and what other costs will be waived, these announcements are part of a cross-country effort to help individuals access affordable care during the COVID-19 pandemic.

HDHPs and HSAs: Allows telehealth and other remote care services to be covered under a high deductible health plan (HDHP) before the deductible is met, without affecting the HDHP’s compatibility with health savings accounts (HSAs).

OTC Eligibility: Over-the-counter (OTC) medications, along with menstrual care products, will be qualified as medical expenses that may be paid for using HSAs or other tax-advantaged arrangements, such as health flexible spending accounts (FSAs) or health reimbursement arrangements (HRAs).

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