Pharmacy spending, high-cost claimants and newly developed anti-obesity drugs are expected to shape health benefits and affect the cost of care and health insurance for employers, according to a new report. The "2024 Employee Health Trends" report by Springbuk, an...
MZQ Beacon Alert - March 21, 2024 In this Edition: "On February 14th, 2024, the Department of Health & Human Services (HHS) Office for Civil Rights (OCR) issued two reports regarding Health Insurance Portability and Accountability Act of 1996 (HIPAA) compliance...
With multiple generations working side-by-side in this economy, the needs of your staff in terms of employee benefits will vary greatly depending on their age. A Variety of Priorities You may have baby boomers who are nearing retirement and have health issues, working...
A new area of potential liability for employers was recently opened when a class-action suit was filed against Johnson & Johnson (J&J), accusing it of mismanaging its pharmacy benefit manager plan, resulting in the health plan and its enrollees overspending...
Download Volume 6, Issue 3 of The Risk Report In this Edition: Three Trends Driving Employers’ Health Care Costs Spread the Word About Additional HSA Contributions Workers Sue Employer Over PBM Contract That ‘Overcharged’ Errors That Can Make Businesses Overpay for...
Anatomy of a Self-Funded Plan: Administration and Data Part 1 of our 5 Part Webinar Series As more and more employers consider self-funding as the preferred model for their health plan, we felt it was important to review the key components that work together to...
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 to reduce their tax bills for last year. HSA Contribution Limits for 2023 HSAs allow your employees to put away funds...
As the economy continues roaring, the market for top talent stays exceedingly competitive. Multiple studies have consistently shown that a robust set of employee benefits is a vital component of an overall compensation package. But it's tough for smaller companies to...
In early February 2024, news broke of a proposed class action lawsuit against Johnson and Johnson for breach of their fiduciary duty under ERISA, also known as the Employee Retirement Income and Security Act. The plaintiff is suing J&J and their health plan...
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 against Johnson and Johnson, and specific executives, for breach of fiduciary duty under the Employee Retirement Income and...