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Employee Benefit News for School, City and County Employers

Executive Order to Lower Drug Prices by Adopting Global Pricing

1 minute read

On May 12, 2025, President Trump issued an executive order (EO) to align U.S. prescription drug prices with those of similar nations. A White House fact sheet highlights that Americans...

Exploring the Future of Biosimilars: Market Insights

3 minute read

A decade after their initial approval, biosimilars continue to receive the U.S. Food and Drug Administration (FDA) endorsements and enter the market each year. These cost-effective...

RxDC Reports Must Be Submitted by June 1, 2025

1.5 minute read

Group health plans and insurers must submit the annual RxDC report on prescription drug and healthcare spending to the federal government by June 1st of each year. The upcoming...

Understanding Health Plan Deductibles and OOPMs

5 minute read

Deductibles and out-of-pocket maximums (OOPMs) are key cost-sharing elements in health plans. A deductible is the annual amount you pay before your plan covers expenses, while an OOPM...

Decoding Employee Benefits: Navigating and Choosing the Best

2.5 minute read

In today's competitive job market, a strong benefits package is crucial for attracting and retaining talent. With over 150 voluntary benefits available, choosing the right options can...

Executive Action Aims to Slash Drug Prices and Enhance PBM Clarity

1.5 minute read

On April 15, 2025, President Donald Trump issued an executive order (EO) to reduce prescription drug prices in the U.S. This order instructs the Department of Labor (DOL) to enhance...

Many Employees Unaware of Mental Health Benefits

1 minute read

A January 2025 survey by the National Alliance on Mental Illness (NAMI) revealed that 25% of workers are unaware of their mental health benefits, and only 50% know how to access them...

Safeguarding Employee Health Data: Best Practices for the Workplace

2 minute read

Employers collect employees' medical information for various reasons, such as verifying accommodation requests or certifying leave. Federal laws like the Americans with Disabilities Act...

Model CHIP Notice Updated

1 minute read

The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) has issued a new model Employer CHIP Notice as of March 17, 2025.

CMS Finalizes New Simplified Method for 2026 Coverage Credibility

1.5 minute read

On April 7, 2025, the Centers for Medicare and Medicaid Services (CMS) released the Final Part D Redesign Program Instructions for 2026, detailing changes from the Inflation Reduction...