Waiving HDHP Deductibles Has Little Effect on Premiums, Study Says
Employers who offer health savings account-eligible high-deductible health plans (HDHPs) to employees can significantly expand pre-deductible coverage for certain drugs used to manage chronic conditions — with only a tiny effect on premiums. That's the finding of a new study from
Alleviating Health Insurance Burden on Employees a Top Priority: Poll
As the 2023 group health open enrollment season nears, more employers have heard concerns among their staff and are focusing on affordability and easier access to health care services, according to a new study. Mercer’s “Health & Benefit Strategies for 2023”
Illness or Injury: How Your Business Can Protect Your Employees
According to a recent survey, four in 10 American workers live paycheck to paycheck. This means that an unexpected illness or injury that takes someone off the job for more than a few days can have devastating consequences for many
Importance of Educating Gen Z Workers on Benefits
It always takes more time than usual to onboard new employees — particularly ones who are new to the workforce altogether — to your employee benefits plans. Keep in mind that the ritual of choosing a benefits package is a brand-new
Time to Comply with Health Plan Transparency Rules
July 1 was the deadline for health plans to make public their in-network negotiated rates, out-of-network billed charges, and more. While health plans will be required to post this information, employers who sponsor their group health insurance for their employees will
Inflation Could Hit Group Health Insurance Premiums
The health care sector is not immune to the effects of spiking inflation, and the increasing cost of care is likely to spill over into health insurance — but it's uncertain by how much. Mid-year is the time that health insurers
How Your Staff Can Save on Childcare, Health Services
One of the most underused employee benefits available is the "cafeteria" plan ― which can benefit both the employer and the employee. These plans allow workers to withhold a portion of their pre-tax salary to cover certain medical or childcare expenses.
Many Employees Choosing the Wrong Health Plans
A new study has found that many people in employer-sponsored health plans are enrolling in plans that are costing them more than they ought to be paying. Many employees choose pricey plans with low deductibles, which force them to spend more
More Employers Add Narrow Networks to Offerings
More employers are including narrow provider network insurance plans among their plan offerings to their employees to give them a lower-cost premium option. Narrow provider networks limit the number of covered providers included in health insurance plans. While these plans have
Workers Cite Health Benefits as a Top Factor When Accepting a Job
Despite the job market upheaval and intense competition for talent, there is a mismatch between the value that human resources executives and job prospects put on employee benefits, according to a new survey. One in five workers surveyed said that health