Fifty-five percent of plan sponsors surveyed reported having at least one plan participant with claims that exceeded $500,000 in the last two policy years. Twenty-three percent reported a claimant in excess of $1 million, with 9 percent of those in excess of $1.5 million. (Source: 2014 Aegis Risk Medical Stop Loss Premium Survey). Stop loss...
Read more
Republicans Introduce Their Own Health Care Reform Law
Republicans in the Senate and House have proposed several bills to repeal President Obama’s Patient Protection and Affordable Care Act (ACA). In January, several legislators introduced the Patient Choice, Affordability, Responsibility, and Empowerment Act (Patient CARE Act), which would create a new health insurance reform plan, in addition to repealing the ACA. The Act’s sponsors,...
Read more
Identity Theft Insurance = Reputation Protection
A survey by one vendor found that 39 percent of employees want to buy identity theft insurance through their employer. Are you providing this valuable benefit? Identity theft occurs when someone uses an individual’s personal identifying information—name, address, credit card or Social Security number—without authorization to open new charge accounts, order merchandise or borrow money....
Read more
Dependent Care Benefits: Valuable but Threatened?
In his State of the Union address, President Barack Obama promised to “streamline child care tax incentives” to help 5.1 million families. But his proposal could jeopardize dependent care savings accounts, a benefit valued by millions. Around the same time as the State of the Union address, the U.S. Bureau of Labor Statistics released a...
Read more
Affordable Care Act Update
The Supreme Court has been hearing arguments in King v. Burwell, which could decide the fate of the Affordable Care Act (ACA). Meanwhile, other changes have affected administration of the ACA. No More Skinny Plans: In past articles, we’ve discussed so-called skinny plans, or medical plans that large employers have argued would fulfill their requirement...
Read more
FLMA Leave Benefits Now Apply to Employees in Same-Sex Marriages
In February, the U.S. Labor Department updated the Family and Medical Leave Act’s (FMLA) definition of spouse. This extends the benefits under the FMLA to workers in legal same-sex marriages, regardless of where they live. The Department of Labor’s rule change updates the FMLA so the law complies with the U.S. Supreme Court ruling in...
Read more
Update on Wraparound Healthcare Plans
In December 2014, the U.S. Departments of Labor, Health and Human Services and Treasury issued proposed rules that would allow employers to offer limited “wraparound” plans. This would give employees access to high-level benefits, even if they would lack generous employer-based benefits otherwise. The rule proposes two pilot programs for wraparound coverage. One pilot would...
Read more
Can Financial Education Improve Productivity?
If you’re considering wellness programs to improve employee health and productivity, don’t overlook the importance of financial health! According to an American Psychological Association (APA) poll released recently, the majority of Americans feel financial stress. Among people surveyed in August 2014, 72 percent said they had felt some financial stress during the past month. Twenty-two...
Read more
Caregiving: It’s Not Just For Children Anymore
A record 57 million Americans — or nearly one in five people in the U.S. — live in multigenerational households, according to the Pew Research Center. Some of this growth is due to adult children moving back home, but more and more elders are moving in with their children. In 2012, 22.7 percent of adults...
Read more
Four Tips For Selecting the Right TPA
Administering payroll, benefits, time and attendance cost mid-sized employers $2,000 per employee annually, according to a 2011 PricewaterhouseCoopers study. Commissioned for payroll provider ADP, the study found that large employers typically paid a bit less, at $1,400 per employee per year. It’s no wonder that many employers turn to third-party administrators. Some employers choose to...
Read more
- « Previous Page
- 1
- …
- 5
- 6
- 7
- 8
- 9
- …
- 11
- Next Page »