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Employee Benefit News for School, City and County Employers

2025 Pay-or-Pay Affordability Percentage Increased

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...

Medicare Part D Changes May Impact Employer Plan Creditable Status

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,...

Open Enrollment Communication Trends

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...

First Medicare Drug Price Negotiations Announced

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...

Demand for Weight Loss Drugs Increasing 2025 Health Care Costs

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.

DOL and Life Insurance Carriers Reach Settlements Regarding EOI

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...

Increased Health Care Costs Projected for 2025

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...

Some Group Health Plan Penalties Increased

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...

How to Communicate the Value of Employee Benefits

 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...

2025 Open Enrollment: Early Preparation Is Crucial

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...