6 October 2021
As the pandemic continues to unfold, the ability of employers to have a positive impact on employee health and resiliency cannot be understated according to a recent Mercer Survey, Health on Demand.
28 September 2021
Typically, HR coordinates open enrollment communications for most organizations, but the communications department should play a vital role. If your employees don’t understand their options, it doesn’t matter how competitive the benefit packages are. With remote workers and plenty of distractions in your employees’ daily lives, most employees are confused. According to a recent Voya survey, 66% of workers want a better explanation of their benefits. ...
14 September 2021
As businesses manage the ongoing impact of the COVID-19 pandemic, employers have increased their focus on creating benefit programs that address the evolving needs of their diverse workforces, especially mental/emotional health, work/life balance, and financial health. Moreover, 80% of employers report that diversity, equity, and inclusion influence their corporate well-being strategies. This is according to Fidelity Investments® and Business Group on Health’s Employer-Sponsored...
31 August 2021
It is no secret that the COVID-19 pandemic has strained our healthcare system. Now as the pandemic enters a new resurgence in the United States and hospitalizations increase, employers and their employees might be in for a surprise: hefty medical bills.
31 August 2021
Recently Delta Airlines announced that it will charge employees on the company health plan a $200 per month additional charge if they fail to get vaccinated against COVID-19.
Delta argues that the costs of hospital stays for COVID total, on average, about $40,000-$50,000 per incident thus driving up healthcare costs for all employees.
8 June 2021
We’ve all lived like astronauts for the past year and a half – we’ve been physically isolated from family and friends, our home was also our workplace, and we were surrounded by an unsafe environment (COVID-19). Astronauts train for this, we have not.
29 September 2020
Organizations across the country have been forced to quickly adapt during the COVID-19 pandemic, and insurance benefits are one area to see significant modifications. The ASE 2020 Healthcare Insurance Benefits Survey details these changes by examining premiums, deductibles, and co-pays of employer-sponsored health plans among 174 Michigan employers. Wellness benefits and cost control strategies are also benchmarked.
30 June 2020
Last month’s Bostock decision ruled that Title VII of the 1964 Civil Rights Act protects LGBTQ rights. This decision has a number of subtle impacts that employers need to be cognizant of, including compensation and by extension employer sponsored health plans.
26 May 2020
The Internal Revenue Service (IRS) made it easier for employees to make mid-year changes to their health insurance coverage for 2020 during the Coronavirus pandemic. Notice 20-29 allows employers to amend their healthcare plans so employees can now make mid-year changes that would be in effect for the rest of the year. For instance, an employee who declined coverage could enroll in a plan, and current enrollees could change plans or add or drop family members. Prior to this notice,...
9 October 2018
With health care costs growing more than two times the rate of inflation consistently over the years, and employers growing weary of increasing deductibles and cost shares, an old idea has resurfaced for employers: Referenced Based Pricing (RBP) programs. Under Obamacare, the transparency of costs among providers has become more commonplace, thereby enabling these types of programs.
9 October 2018
According to UnitedHealthcare’s 2018 Consumer Sentiment Survey, 77% of respondents with health benefits said they felt prepared to select their health plan during the upcoming open enrollment. When looking at the different generations in the workforce, 81% of Baby Boomers felt prepared as well as 80% of Gen Xers. However, the Millennials reported feeling the least certain of the three generations with only 69% reporting that they are prepared.
18 September 2018
The results are in for ASE’s 2018 Healthcare Insurance Benefits Survey. A total of 215 organizations participated in the latest study, which examines the premiums, deductibles, and co-pays for employer-sponsored health plans across Michigan. Highlights from the survey are listed below:
14 August 2018
Employers that work on a calendar year budget are starting to think about budget planning for 2019. The cost of health insurance is a major concern for employers. Locally, Blue Cross/Blue Shield of Michigan announces 2019 insurance increases in late October or the first part of November. If increases stay below 10%, employers may decide their level of benefits can stay the same another year. Higher than that, and co-pays and deductibles as well as insurance benefit packages get analyzed...
14 August 2018
Employer health care spending has grown from 6% of total wages in 1988 to more than 12% in 2018. The Centers for Medicare and Medicaid Services (CMS) estimate that this growth will continue, with national health spending projected to be 20% of the economy by 2026. Employers are seeking innovative approaches to keeping healthcare costs down.
17 July 2018
A lawsuit by 20 states was filed in federal court in Texas challenging the constitutionality of the Affordable Care Act (ACA) in February. Texas argues that last year’s tax reform law, which stripped the ACA of the individual mandate, made the ACA unconstitutional. If the individual mandate is stripped away, the Department of Justice (DOJ), agreeing with Texas, argues that two other key parts of Obamacare should fall with it.