Four Admin Errors That Can Make Employers Overpay for Coverage
One often overlooked cost driver to your employee benefits plans is administrative errors and oversights that are the result of sloppy record-keeping and a lack of checks and balances among your account and human resources teams. If you are not diligent
Report Details 3 Trends Driving Employers’ Health Care Costs
Pharmacy spending, high-cost claimants and newly developed anti-obesity drugs are expected to shape health benefits and affect the cost of care and health insurance for employers, according to a new report. The "2024 Employee Health Trends" report by Springbuk, an
J&J Sued Over Contracting with PBM that Overcharged Health Plan, Enrollees
A new area of potential liability for employers was recently opened when a class-action suit was filed against Johnson & Johnson, accusing it of mismanaging its pharmacy benefit manager plan, resulting in the health plan and its enrollees overspending millions
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
Spread the Word About Additional HSA Contributions
If you have staff with health savings accounts, they still have until April 15 to make additional contributions to their accounts if they want to reduce their tax bills for last year. HSAs allow your employees to put away funds to
Voluntary Benefits Improve Employee Satisfaction and Retention
As the economy continues roaring, the market for top talent stays exceedingly competitive. Multiple studies have consistently shown that a robust set of employee benefits is a vital component of an overall compensation package. But it's tough for smaller companies to
Protect Your Workers’ Eyesight with Proper Design, Vision Benefits
One of the by-products of the digital revolution – with most people staring many hours each day at tablets, smart phones and computers – is eye strain. According to The Vision Council, the average U.S. adult spends more than two hours
Mark Cuban: CEOs Don’t Know Where Their Health Benefit Dollars Are Going
Since billionaire businessman Mark Cuban entered the health care space with Cost Plus Drug Co., which he launched in May 2020, he has gotten a new perspective on the value that most CEOs place on their group health insurance benefits. And
New Approaches to Managing Health Care Costs, Improving Outcomes
As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. Some of the strategies
New Rule Aims to Expedite Prior Authorization Requests
The Centers for Medicare and Medicaid Services has published a final rule aimed at improving how prior authorizations are handled by health insurers. The measure primarily limits the time insurers have to approve or deny requests.In addressing wait times for