Employers offer flexible savings accounts and health savings accounts to their employees so they can build up funds with pre-tax dollars to pay for health care and related expenses. For the most part, people use their funds in FSAs and HSAs to reimburse themselves for...
While drugmakers have been assailed for years for increasing their prices and driving the cost of medications higher and higher, there is another player in the health care space that is receiving increased scrutiny: pharmacy benefit managers. PBMs are intermediaries,...
Download Volume 5, Issue 5 of The Risk Report In this Edition: Insurers Promise to Keep Covering Preventive Services HDHP Plan Satisfaction Lags that of Traditional Plans Getting Benefits of Self-Funding without the Risks Employers Expand Mental Health Benefits...
A new study has found that people enrolled in traditional PPOs and HMOs are more satisfied with their plans than those who are enrolled in high-deductible health plans. But satisfaction greatly increases when HDHP enrollees stick with their plan for more than three...
American workers are more stressed than ever coming out of the pandemic, and an increasing number of people are also struggling with mental health issues. Sadly, the number of people dying from drugs, alcohol and suicide hit record levels in 2022. When someone...
Most health insurers plan to continue offering free preventative care services despite a federal judge having imposed a nationwide injunction on an Affordable Care Act requirement that these services are covered with no out-of-pocket costs on the part of patients,...
A new report has found that small businesses that purchase their group health insurance online or through payroll vendors saw the largest premium hikes in 2022, significantly higher than those that went through brokers. Overall rates for employers with 10 or fewer...
Both employers and employees have much to gain from a solid voluntary benefits program. For employees, being able to enroll in an insurance product through a workplace voluntary benefits program offers them the advantage of group pricing, the convenience of...
The health insurance industry standard is to host an open-enrollment meeting once per year, but we’ve seen firsthand that that isn’t enough. Knowledge is the foundation of employees engaging in their healthcare plan, and 20 minutes every 12 months doesn’t provide adequate time for true understanding.
Download Volume 5, Issue 4 of The Risk Report In this Edition: Judge Deals Blow to Preventative Care Coverage Under ACA Moves Afoot to Improve Prior Authorization Times Making Voluntary Benefits a Success Small Firms See Larger Premium Hikes Unless They Do This...