Practical HR Tips, News & Advice. Updated Daily.
Benefitfocus, Inc., a provider of cloud-based benefits management software, has released its “State of Employee Benefits – Regional Edition” research report, a snapshot of real, but anonymous employee benefit election data from over 500 employers on the BENEFITFOCUS® Platform, broken out by U.S. Census region.
by Lisa Higgins, Contributing Editor
According to IMS Health 2015 Report of Use of Drugs in the US, 35%–40% of pharmacy-related costs for employers can be attributed to specialty medications, even though they are used to treat just 1%–2% of pharmacy benefit members. That shouldn’t be a surprise, considering the dollars involved.
By Jamie L. Leary, JD, Steptoe & Johnson PLLC To avoid triggering excise taxes under the play-or-pay mandate of the Affordable Care Act (ACA), an applicable large employer (ALE) must offer minimum-value health insurance to its full-time employees at affordable premiums, as defined by the ACA.
Health insurance premium renewal rates increased an average of 6.2% for all plans in 2015, up from the previous year’s 5.6% increase, according to new survey data released by United Benefit Advisors (UBA), an independent employee benefits advisory organization. Small businesses with fewer than 25 employees, which account for five million U.S. employers, were hit […]
Employers have been shifting more premium costs to workers and increasing their deductibles. That, in addition to the fact that price growth in the health sector outpaces growth for the rest of the economy, has resulted in a disproportionate increase in employee out-of-pocket costs, a new Commonwealth Fund report says. Growth in health plan costs […]