Education
Thought
The Risk Report – March 2024
Download Volume 6, Issue 3 of The Risk Report In this Edition: Three Trends Driving Employers’ Health Care Costs Spread the Word About Additional...
Spread the Word About Additional HSA Contributions
If you have staff with health savings accounts (HSA), they still have until April 15 to make additional contributions to their accounts if they want...
Voluntary Benefits Improve Employee Satisfaction and Retention
As the economy continues roaring, the market for top talent stays exceedingly competitive. Multiple studies have consistently shown that a robust...
Recent & Relevant in the Health Industry
Plan Terms – and Their Various Definitions
In early February 2024, news broke of a proposed class action lawsuit against Johnson and Johnson for breach of their fiduciary duty under ERISA,...
Reflections on the Recent Johnson & Johnson Lawsuit
For those of us in the employee benefits world, quite a bombshell was dropped on Monday, February 5th when a class action lawsuit was proposed...
The Shifting PBM Landscape
As we approach January 1st, many employers are yet again seeing increases to the cost of their health plan - an all too familiar product of a health...
Understanding
the Problem
Health insurance rates are rising at an unsustainable pace, and workers are picking up an increasing share of this. Why do employers and employees tolerate this?
The health care and health insurance industries are in a feedback loop, reinforcing the idea that health care gets more expensive each year and so must health insurance. The price keeps going up but no one addresses it, and nothing employers try – from plan changes, employee engagement to wellness programs – makes any real impact.
Not Rocket Surgery
Interested in a little light reading on the topic? In his book, “Not Rocket Surgery,” Mike Hill, RHU, REBC, LIC, explores how to manage your healthcare supply, unleash cost transparency and effectively reduce costs in a sustainable way.