As more employers adopt high-deductible health plans, which leave their employees with more “skin in the game,” it’s important that you educate them on how to get the most out of the attached health savings accounts. Unfortunately, your employees may not be using the...
trucking
Trump Administration Issues Proposed Rules for Short-Term Plans
As promised, the Trump administration has issued proposed rules that would allow individuals to skirt Affordable Care Act regulations and buy short-term, low-coverage health plans. Under the proposal, individuals would be able to purchase short-term plans that last up...
Benefits in a Multi-generational Workplace
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. You may have baby boomers who are nearing retirement and have health issues, working with staff in their 30s...
HDHPs Can Hamper Employee Health Without an Attached HSA
In recent years, employers and self-employed Americans have been migrating to high-deductible health plans (HDHPs) but, if they are not attached to a health savings account (HSA), they can end up costing the plan participant more than they can afford and create health...
Employers Double Down on Employee Benefits
As the job market tightens and competition for workers becomes fiercer, a majority of employers are boosting their employee benefits offerings and are paying less attention to reducing associated costs, according to a new study. The changes reflect the shifting...
Defining Total Control
Business leaders are constantly monitoring the financial performance of their organization. If costs start to escalate in a particular area, the CEO or CFO likely dive into the numbers to find out what the root cause is. If the sales budget was out of line and a...
Ohio Auditor’s Report on PBMs Sparks Changes
An audit carried out for Ohio Medicaid found that large pharmacy benefit managers that contract with the state's Medicaid program have been pocketing a larger and larger share of drug pricing. In fact, PBMs charged Ohio Medicaid plans 31% more for generic...
Proposed Rules Include New Ways to Satisfy Employer Mandates
The IRS has proposed new regulations that could let employers avoid Affordable Care Act employer mandate-related penalties by allowing them to reimburse employees for insurance they purchase on health insurance exchanges or the open market. The regulations are not yet...
HDHP Enrollees More Likely to Consider Costs and Quality
A new study has found that people enrolled in high-deductible health plans (HDHPs) actually are more likely to consider costs and quality when considering non-emergency care. The 14th annual “Consumer Engagement in Health Care” study by the Employee Benefits Research...
Despite Ruling That ACA Is Invalid, the Law Stands for Employers
A ruling by a U.S. District Court judge in December 2018 that the Affordable Care Act is unconstitutional is not expected to stand but, if it does, the moves that have been made in the health insurance space to reduce costs, deliver better care outcomes and make the...