3 minute read
Employee benefits are crucial for organizational success, enhancing job satisfaction, retention rates, and overall morale. Despite budget constraints, low- and no-cost benefits can...
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2.5 minute read
Healthcare price transparency aims to reveal the costs of medical services, providing patients, employers, and insurers with greater visibility into the financial aspects of...
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1.5 minute read
The IRS released updated employer responsibility (pay-or-play) penalty amounts under the Affordable Care Act (ACA). The rules require applicable large employers (ALEs) to offer...
2.5 minute read
In 2023, 38 million Americans provided unpaid care for loved ones, impacting their mental, physical, and financial health, leading to decreased workplace productivity. Unfortunately,...
1.5 minute read
A survey by Willis Towers Watson (WTW) revealed that 84% of U.S. employers are changing their leave programs over the next two years. The 2023 survey revealed that attraction,...
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2 minute read
When it comes to health insurance, employers are constantly searching for ways to optimize coverage and manage costs. That's where embedded and nonembedded deductibles come into play....
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4 minute read
A pharmacy benefits manager (PBM) acts as a middleman in the pharmacy benefits marketplace, connecting employers, drug wholesalers, plan members, pharmacies, and drug companies. PBMs...
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1.5 minute read
Group health plan sponsors must annually complete an online form with the Centers for Medicare & Medicaid Services (CMS) to disclose if their prescription drug coverage is creditable...
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1 minute read
The U.S. Department of Labor (DOL), through its Employee Benefits Security Administration (EBSA) released a new model Employer CHIP Notice.
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1 minute read
The U.S. Department of Health and Human Services (HHS) updates federal poverty levels (FPLs) annually to determine eligibility for programs and benefits. The 2024 FPL for an individual...