Double-Digit Prescription Drug Benefit Cost Increases in 2017?
Prescription drug benefit cost trends for active populations continue to increase at double-digit rates, according to forecasts by The Segal Group, a private consulting firm.
Tag: benefits
DOL Sues ESOP Fiduciaries for Failing to Protect Plan Assets
The U.S. Department of Labor (DOL) has filed a lawsuit against the fiduciaries of a Virginia-based employee stock ownership plan (ESOP), alleging the defendants failed to protect the assets of the plan as it purchased nearly $21 million in company shares from the president of Sentry Equipment Erectors Inc., who was also a trustee of […]
Trump Targets ACA for Repeal, but It’s Still There for Now
Repealing the Affordable Care Act (ACA), long a Republican priority, is unsurprisingly at the center of President-elect Trump’s healthcare agenda. But don’t throw out those 1095-C’s just yet.
Are Your Employees’ Student Loans Hurting Their Ability to Save for Retirement?
While student loans can be a drain on short-term finances, a new survey from Aon Hewitt, the global talent, retirement, and health solutions business of Aon plc, reveals that workers with student loans can also potentially feel the strain into their retirement years.
Open Enrollment: How to Get the Most Out of It
By Bryan O’Malley, workplace expert at Care@Work and general manager of payments at Care.com Open enrollment season is upon us, which means HR leaders everywhere are striving to make sure their employees are well informed enough to make the best choices about their benefits.
Employers Highlight Telecommuting, Other Leave Management Trends in New Survey
Lockton—a consulting services company—has released its third annual “Human Resources Trends: A Spotlight on Absence Management” survey. The survey highlights the many challenges—and opportunities—facing employers across the United States.
Ask the Expert: Can Employee on FMLA Leave Use FSA Money?
Question: While an employee is out on an approved FMLA leave, can the employee use their medical and/or dependent care FSA money while on leave? If not, what if they are still contributing to the plan?
Health System’s $400K HIPAA Settlement Shows Need to Update Business Associate Agreements
A Rhode Island health system’s $400,000 settlement of a federal Health Insurance Portability and Accountability Act (HIPAA)enforcement action illustrates the importance of keeping business associate agreements (BAAs) up to date when circumstances or regulations change.
EBRI Examines HSAs’ Effect On Healthcare Choices
The high-deductible health plans (HDHPs)associated with health savings accounts (HSAs) may be leading lower-income employees to avoid certain healthcare services, the Employee Benefit Research Institute (EBRI) warned.
More on Managing Employee Status Changes Under the Affordable Care Act (ACA)
By Jennifer Carsen, JD, Senior Legal Editor Earlier this year, we ran an article on managing employee status changes under the Affordable Care Act (ACA). I invited follow-up questions, and you delivered! Here are a few more tricky ACA status change situations (and answers) for you.