Download Volume 5, Issue 7 of The Risk Report In this Edition: Firms expect higher premiums, little to no cost-shifting Pregnant Workers Fairness Act Insurers pushing virtual care for cost savings Hospital Indemnity Insurance a key voluntary benefit Download the...
Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% this year and at a faster clip in 2024 as inflation hits medical costs. Employers said they are looking to manage growing group benefit costs without...
More and more insurers are expanding the use of telemedicine, just as a new study shows promising cost savings of up to 25% from virtual care when implemented properly. The latest insurer to announce an expansion of its telemedicine offerings is UnitedHealthcare,...
The penalties for not offering health insurance to your employees if you have 50 or more full-time or full-time equivalent employees in violation of the Affordable Care Act are set to rise again next year. The IRS has increased the fines for employers that fail to...
Three drugmakers, which account for roughly 90% of the insulin in the U.S. market, in March 2023 announced that they will cap the cost of insulin for people with private insurance plans. That includes those on employer-sponsored group health plans and plans purchased...
A surge in demand for pricey, new and highly effective anti-obesity medications could put a financial strain on employers who sponsor their employees' health plans. Employers have long offered coverage for certain weight loss tools, such as bariatric surgery if...
The IRS has raised the maximum amount employees can funnel into their health savings accounts by 7.8% for 2024, the largest increase ever, brought to you by inflation. The IRS updates this amount annually, along with minimum deductibles as well as the out-of-pocket...
It’s no secret that healthcare treatments are advancing like never before. Innovative technologies are yielding new medical treatments and potentially cures for a variety of illnesses, including cancers and hemophilias. With these remarkable, potentially...
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,...