1 minute read
On September 6, 2024, the IRS unveiled Revenue Procedure 2024-35, which updates the contribution percentage for 2025 to determine the affordability of an employer’s health plan under...
5.5 minute read
Meeting the creditable coverage standard could be tougher in 2025 due to a richer Part D standard benefit. Plan sponsors with rich prescription drug coverage may remain unaffected,...
2 minute read
Clear and effective communication of benefits during open enrollment and throughout the year is vital. When employers provide concise and transparent information, they empower their...
1.5 minute read
On August 15, the Department of Health and Human Services (HHS) and top drugmakers agreed to lower prices on the first 10 drugs subject to Medicare price negotiations. Drug discounts...
1 minute read
A recent Business Group on Health (BGH) survey revealed that the increasing interest and spending on glucagon-like peptide-1 (GLP-1) drugs are driving up healthcare costs in 2025.
3 minute read
The Department of Labor (DOL) has reached several settlements lately with life insurance carriers regarding their evidence of insurability (EOI) practices. Although these settlements...
1 minute read
A recent survey by the International Foundation of Employee Benefit Plans (IFEBP) shows U.S. employers expect an 8% increase in healthcare costs for 2025. The increase is driven by...
2 minute read
On Aug. 8, 2024, the U.S. Department of Health and Human Services (HHS) issued a final rule increasing key penalties for group health plans. The amounts are adjusted annually for...
4.5 min read
To foster diverse and inclusive workplaces, supporting female employees at all life stages is crucial. Women now face challenges beyond pay equality, including menopausal issues, family...
1.5 minute read
In a competitive job market, employers must prepare for the 2025 open enrollment season by developing attractive benefits offerings and communicating proactively with employees to...
