More Workers Miss Work Due to Depression, Anxiety; Employers Can Help
Each year, mental health issues such as depression and anxiety lead to a staggering 12 billion missed workdays globally, according to a new study by Resolute Psychiatry, an online platform that provides virtual counseling. This absenteeism not only affects personal well-being
Specialty Drugs, Expensive Surgeries Driving Stop-Loss Insurance Costs
Companies that self-insure their group health benefits, or are in partial self-insured plans called level-funding, are likely to see higher stop-loss insurance renewal rates due to the rapidly increasing costs of specialty drugs and cancer surgery claims. Stop-loss insurance steps in
Most Workers Uncomfortable with Cash-for-Coverage Plans
A recent survey found that the majority of employees prefer traditional employer-sponsored health insurance over receiving cash through an individual coverage health reimbursement arrangement (ICHRA) to buy their own coverage on the Affordable Care Act marketplace. The survey, conducted by Softheon,
Employers Wrestling with Fiduciary Benefits Compliance Issues, Leave Laws
A new report has found that employers are increasingly wrestling with two challenges in their human resources departments: growing employee benefits fiduciary liability issues, and administrative difficulties in managing employee leaves. Employers are facing lawsuits by employees who allege they mismanaged