While the National Business Group on Health has forecasted a 5% increase in the cost of healthcare benefits, others are expecting employers to dedicate more resources to health and wellness. More emphasis will also be placed on the use of digital tools to identify lower cost providers and boost employee engagement. Experts say the trend [...]
This article was published on February 25, 2019 on Employee Benefit Adviser written by Kayla Webster. Younger generations are often characterized as entitled and demanding — but that self-confidence in their work is pushing companies to adopt benefits outside the traditional healthcare and retirement packages. By 2025, millennials will make up 75% of the U.S. [...]
This article was published on January 31, 2019 on Employee Benefit News, written by Steve Kelly. Today more than ever before, benefits and human resources professionals are struggling to provide their teams with quality coverage at affordable rates. Costs have skyrocketed for the more than 150 million Americans who receive healthcare coverage through their workplace [...]
This article was published on September 27, 2018 on Employee Benefit News, written by Nelson Griswold. More than six years ago, Aetna CEO Mark Bertolini proclaimed that “the end of insurance companies, the way we’ve run the business in the past, is here.” At the very least, it’s the beginning of the end for these [...]
This article was published on August 7, 2018 on Employee Benefit News, written by Corte Larossi. We all know that making changes to your health plan can have major consequences for your company. It can impact your medical costs and company bottom line, the health and welfare of your employees, employee satisfaction and performance, as [...]
This article was published on July 17, 2018 on Employee Benefit News, written by John Kern. Photo Source: Employee Benefit News. In my 25 years in the insurance business I’ve seen many changes. But there’s always been one constant: Healthcare and pharmacy costs continue to accelerate and no regulatory action has been able to slow [...]
This article was published on May 22, 2018 on Employee Benefit News, written by John Milne. Small and midsize businesses seeking flexible benefit plans for their employees that also provide a means to contain costs often feel their options are limited. The fully insured world restricts flexible and creative plan options, and many employers are [...]
This article was published on February 05, 2018 on Employee Benefit News, written by Liisa Granfors-Hunt. If your medical plan is fully insured, switching to self-funding (and covering catastrophic claims) can be downright intimidating, even with stop-loss insurance. That’s why many employers are sticking a toe in the financial risk pool by self-funding one or [...]
With time running out on an opportunity for Congress to repeal and replace the Affordable Care Act and open enrollment season approaching, thousands of small and mid-sized businesses are likely bracing for another round of premium increases. A growing number of employers, however, will choose to avoid the uncertainty plaguing traditional group insurance markets by [...]
The article below was published on September 13, 2017 by Employee Benefit News, written by Nick Otto. Photo source: benefitnews.com As healthcare costs continue to rise, more employers are looking at ways to target those costs. One step they are taking is looking at what health conditions are hitting their pocketbooks the hardest. [...]
