A new study has found that most employer-sponsored family health plans are increasingly unaffordable for workers due to rising costs and them footing a significant part of the premium, even with employer assistance. Workers at smaller firms, defined as those with...
individual mandate
Employers Wrestling with Covering Weight-Loss Drugs
The explosion in demand for new, costly and highly effective weight-loss and diabetes drugs is poised to play an outsized role in increasing the cost of health care, and in turn, health insurance in America. These groundbreaking drugs — the most popular sold under the...
The Risk Report – December 2023
Download Volume 5, Issue 12 of The Risk Report In this Edition: Weight Loss Drugs Drive Pharmaceutical Costs FSA Contribution Limit Climbs EEOC Proposes New Anti-Harassment Guidance Family Coverage Costs Hit Small-Business Workers Hardest Download the...
Flexible Spending Account Contribution Limit Climbs
The IRS recently announced that the annual contribution limit for flexible spending accounts will rise to $3,200 in 2024, up $150 from this year. Also, employees will be able to carry over up to $640 next year into 2025 if they have funds left over in their account,...
American Workers Are Burned Out; Employers Can Help
American employers are trying to meet their workers' mental health needs as they struggle with burnout and stress from their jobs and finances, according to a new report. The annual "Aflac WorkForces Report" found that more than 50% of American workers experience...
The Risk Report – November 2023
Download Volume 5, Issue 11 of The Risk Report In this Edition: Chronic Conditions Driving Healthcare Costs Show Your Staff How to Best Use Their HSA Plans Help Younger Workers Understand Their Coverage More Employers Offering Deductible-Free Plans Download the...
EEOC Ramping Up Workplace Anti-Discrimination Efforts
Employers should brace for increased enforcement by the U.S. Equal Employment Opportunity Commission after it received a budget boost and has a new board member, breaking a deadlock that's been going on for nearly a year. Here's the latest EEOC news that's pointing to...
More Employers Offering Deductible-Free Plans
As more Americans struggle with medical costs and rising out-of-pocket expenses, more employers are starting to offer deductible-free plans, according to a new report. Mercer's "2023-2024 Inside Employees' Minds" survey results jibe with other reports that some...
Chronic Conditions Driving Health Care Costs
A new report has found that the top driver of health care costs in the U.S. is chronic conditions, emphasizing the role that employers can assume in helping their employees better maintain these ailments. Chronic diseases are a major strain on the health care system,...
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 insurance model that isn’t working for consumers. Time and again, we’ve seen costs rise for plan participants without...