Substance-Abuse Benefits under Affordable Care Act One less-touted aspect of the Affordable Care Act is that it provides employers more tools for assisting employees with substance-abuse problems to seek help. According to a study by the Substance Abuse and Mental Health Services Administration, 10% of America’s workers are dependent on …
Substance-Abuse Benefits under Affordable Care ActRead More »
One way that employers have been trying to fight the spiraling cost of drug costs for the employees covered by their group health plan is to involve a pharmacy benefit manager. However, the largest PBMs in the nation have come under scrutiny for their opaque pricing practices and how they …
As a new decade begins, the health insurance industry is on the cusp of making a leap towards improved, higher-tech management of health plan participants. A recent paper by Capgemini, an insurance technology and consulting firm, predicts the following trends that will be taking shape in the health insurance industry …
Trends Shaping Health Insurance and Health Care in 2020Read More »
Congress Eliminates the ‘Cadillac’ and Other ACA Taxes Congress before the new year passed legislation repealing the so-called “Cadillac tax” on generous group health plans, as well as two other taxes, finally putting to bed an issue that has plagued the Affordable Care Act since its inception. Although it had …
Congress Eliminates the ‘Cadillac’ and Other ACA TaxesRead More »
The Internal Revenue Service is presenting employers with a gift by extending the deadline during which they are required to furnish essential Affordable Care Act-related forms to their employees. Applicable large employers (ALEs) to whom the ACA employer mandate applies will now have until March 4, 2019 to furnish their …
Deadline Extended to Provide ACA Tax Forms to EmployeesRead More »
An investigative report by the Washington Post has uncovered an alleged cartel among generic drug manufacturers to fix the price of some 300 medications, adding new fuel to the debate about raging price increases in the pharmaceutical industry. While a number of name-brand drug makers have been named and shamed …
Huge Investigation Uncovers Possible Generic Drug Pricing CartelRead More »
What is top of mind for your employees? Most likely it’s health care. A new study by the Employee Benefits Research Institute and market research firm Greenwald & Associates found that workers rank health care as the most important issue facing the country. The survey found that 26% of workers …
Health Care Most Pressing Issue for the U.S., Workers SayRead More »
As the costs of nursing homes and assisted living services soar, the financial burden of paying for those services often falls on the elderly individual’s adult children. Many families cannot afford these services, so they are opting for their ageing parent to live with them. Unfortunately, as those parents get …
Most employers are doing all they can to keep their employees’ health insurance and health care outlays to a minimum. And while most of those efforts are focused on the upfront cost of insurance, copays and deductibles, many employers fail to help their employees control the very costs they actually …
Help Your Employees Save on Their Pharmaceutical CostsRead More »
While many health benefits advisers have been recommending that employees with health savings accounts use them as savings vehicles that can be tapped for future medical care, a new study finds that most people are spending the bulk of the funds. The study by Willis Towers Watson found that 65% …
Few Employees Get the Most out of Their Health Savings AccountsRead More »