Proskauer's Employee Benefits & Executive Compensa

APRIL 25, 2023

The Departments of Labor, Treasury, and Health and Human Services (the “Departments”) recently released guidance for group health plans on required preventive services coverage. What preventive services coverage was required before Braidwood ? All other preventive care requirements remain in place. It depends.

Deductions 98

Deductions Deductible Health Savings Account Medical 98

InterWest Insurance Services

AUGUST 10, 2023

While drugmakers have been assailed for years for increasing their prices and driving the cost of medications higher and higher, there is another player in the health care space that is receiving increased scrutiny: pharmacy benefit managers. CVS Caremark and UnitedHealth Group’s OptumRx are other major players.

Out of Pocket Cost 98

Out of Pocket Cost Manufacturing Insurance Medical 98

Workers' Compensation

APRIL 26, 2022

Over the last two years, chaos has reigned in the workplace as workers, employers, and insurance companies attempted to adjust to the emergence of COVID and its multiple variants. They look forward to what action needs to be taken to manage infectious diseases including in an occupational setting. What is Our COVID Future?,

Workers’ Compensation 96

Workers’ Compensation Insurance Employment Management 96

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 29, 2023

However, there is another, perhaps lesser known, “clause”-related item that health plan sponsors need to keep top of mind in the coming month. Here are some quick reminders about the requirement, along with some next steps for plans that are catching up: What is the “No Gag Clause” Attestation? What Should Plan Sponsors Do Now?

Electronics 52

Electronics Insurance Health and Welfare 52

InterWest Insurance Services

MAY 26, 2023

While drugmakers have been assailed for years for increasing their prices and driving the cost of medications higher and higher, there is another player in the health care space that is receiving increased scrutiny: pharmacy benefit managers. CVS Caremark and UnitedHealth Group’s OptumRx are other major players.

Out of Pocket Cost 98

Out of Pocket Cost Manufacturing Insurance Medical 98

InterWest Insurance Services

JULY 11, 2022

July 1 was the deadline for health plans to make public their in-network negotiated rates, out-of-network billed charges, and more. The rules require that non-grandfathered insured and self-insured group health plans post machine-readable files on a public website no later than July 1, 2022. What you need to do.

Insurance Carriers 96

Insurance Carriers Insurance Health Insurance Employment 96

InterWest Insurance Services

AUGUST 30, 2022

Now more than ever, employers need to step up their employee benefits game beyond providing group health insurance. Good pay and a robust health insurance package still win the day, but employers are having to do more to sweeten the pot, according to a new survey by MetLife. Dental insurance. Life insurance.

Benefits Package 98

Benefits Package 401(k) Disability Insurance Health Insurance 98

WEX Inc.

MARCH 2, 2023

COBRA health insurance gives your qualified beneficiaries the opportunity to continue to be enrolled in the same health coverage they were enrolled in when the qualifying event interrupted their coverage. But not every employer is required to offer temporary health insurance. What events require offering COBRA?

Health Insurance 52

Health Insurance Taxes Government Insurance 52

Bayzat

DECEMBER 8, 2021

Despite ongoing digitization in many industries across the UAE, the region’s insurance market is still lagging behind. However, the good news is that things are changing as more insurance businesses recognize the need for digital transformation. So, where is the UAE insurance industry currently falling short?

Insurance 98

Insurance Health Insurance Consulting Technology 98

InterWest Insurance Services

MARCH 21, 2024

A new area of potential liability for employers was recently opened when a class-action suit was filed against Johnson & Johnson, accusing it of mismanaging its pharmacy benefit manager plan, resulting in the health plan and its enrollees overspending millions of dollars on medications. The case The class action , filed Feb.

Pharmaceutical 52

Pharmaceutical Retail Insurance Medical 52

Achievers

FEBRUARY 2, 2021

What are employee benefits? . Federal and state mandated benefits include health insurance, worker’s compensation, unemployment insurance, and required leave time for caring for family and/or personal medical purposes. Health insurance, and family and medical leave, are not required for all businesses.

Employee Benefits 237

Employee Benefits Family and Medical Leave Act Employee Recognition Voluntary Benefits 237

Workers' Compensation

FEBRUARY 8, 2024

Legislation ( A3504 ) has been introduced to establish the Health Care Workers COVID-19 Supplemental Benefits Program in the Division of Workers' Compensation. Recommended Citation: Gelman, Jon L., COVID-19 Supplemental for Healthcare Workers Proposed in Legislation, www.gelmans.com (02/08/2024). ORDER NOW. *

Healthcare 52

Healthcare Workers’ Compensation Salary Insurance 52

InterWest Insurance Services

JULY 14, 2022

The health care sector is not immune to the effects of spiking inflation, and the increasing cost of care is likely to spill over into health insurance — but it’s uncertain by how much. When they negotiate network rates with insurers, providers take into account all of their own costs when tabulating their offers.

Health Insurance 98

Health Insurance Insurance Hospitality Medical 98

InterWest Insurance Services

JULY 26, 2022

You as an employer can help by offering group disability insurance to your employees. What it covers. This insurance helps replace a portion of a worker’s income if they lose their income due to an injury or illness. Typically, disability insurance policies will replace between 50 and 65% of a worker’s income.

Disability Insurance 95

Disability Insurance Insurance Carriers Insurance Deductions 95

InterWest Insurance Services

DECEMBER 28, 2021

For example, even with insurance, treating a broken leg or undergoing emergency appendicitis surgery can mean thousands of dollars in out-of-pocket medical costs. Fortunately, employers can help by offering their workers voluntary hospital indemnity insurance that can provide peace of mind in case they have a serious medical episode.

Voluntary Benefits 98

Voluntary Benefits Hospitality Insurance Out of Pocket Cost 98

InterWest Insurance Services

MARCH 15, 2022

And the majority of documents criminals steal are the same ones your employees receive from their group health insurers. If the thief’s health information is mixed with the victim’s, it could affect the medical care the victim is able to receive, or the health insurance benefits they are able to use.

Medical 98

Medical Health Insurance Insurance Carriers Insurance 98

InterWest Insurance Services

DECEMBER 9, 2021

As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. Here’s a list of what to expect in 2022. The CAA created a number of new requirements that affect health insurance and coverage.

Health Insurance 98

Health Insurance Insurance Insurance Carriers Deductions 98

Total Employee Benefits

AUGUST 18, 2021

In our last blog post , we talked about the basics of self-funded policies and their benefits. A Quick Recap: What is a Self-funded policy? A fully insured plan on the other hand is what many companies opt to do in order to avoid bearing all that risk themselves. But first, let’s do a quick review. Financial Risk.

Healthcare 88

Healthcare Insurance Healthcare Benefits Medical 88

Workers' Compensation

OCTOBER 8, 2021

A federal workplace health investigation found that an auto insurance company ignored coronavirus safety requirements and allowed others displaying symptoms to work at the exact Denver location where an employee died with COVID-19. Based in El Paso, Texas, Fred Loya Insurance Agency Inc. Recommended Citation: Gelman, Jon L.,

Insurance 52

Insurance Workers’ Compensation Pension Commissions 52

WEX Inc.

JANUARY 4, 2023

COBRA can provide important health insurance security when you’ve experienced job loss or another qualifying event. In this blog post, we outline some of the ways your ability to use your employee benefits changes when you elect COBRA. Keep reading our blog or like/follow our Facebook , Twitter or LinkedIn pages!

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

InterWest Insurance Services

MARCH 22, 2022

The Department of Health and Human Services has issued some new “frequently asked questions” for its Affordable Care Act pages, and new guidelines that require health plans to expand what they are required to cover with no cost-sharing. Here’s a rundown of the new rules: Colonoscopy rules.

Out of Pocket Cost 98

Out of Pocket Cost Insurance Medical Consulting 98

InterWest Insurance Services

JANUARY 5, 2023

Despite group health insurance costs expected to rise 5.4% With Americans increasingly struggling to pay their health care bills, more employers are shying away from only offering their workers high-deductible health plans (HDHPs) that reduce premiums up front for higher out-of-pocket costs for workers.

Out of Pocket Cost 92

Out of Pocket Cost Employment Health Insurance Deductions 92

Achievers

MAY 14, 2019

If you have no choice but to reassess employee benefits to address cash flow issues, be judicious and strategic about what you cut and what you keep. While paring down employee health insurance benefits can seem like an immediate money-saver, this is actually one of the quickest ways to lose your team’s dedication.

Employee Benefits 136

Employee Benefits Health Insurance Employee Recognition Insurance 136

WEX Inc.

OCTOBER 4, 2023

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses. For dependent care FSAs, the limit is $5,000.

401(k) 98

401(k) Flexible Spending Account Health Savings Account Flexible Spending 98

InterWest Insurance Services

JUNE 16, 2022

One in five workers surveyed said that health care and health insurance are a major factor when deciding to accept a job, compared with only 13% of human resources executives, according to the “2022 Health at Work” survey by Quest Diagnostics. That’s compared with only 37% of HR executives.

401(k) 98

401(k) Health Insurance Health Savings Account Insurance 98

InterWest Insurance Services

MARCH 4, 2022

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Fortunately, there is another option: a health reimbursement arrangement (HRA). per month).

Medical 98

Medical Health Insurance Out of Pocket Cost Deductions 98

InterWest Insurance Services

DECEMBER 27, 2022

As more health services are being rendered through providers’ patient portals and telemedicine, some providers are starting to bill for some of those interactions. Those costs will be passed on to health plan enrollees — likely in the form of copays or coinsurance — and insurers. What will it cost?

Hospitality 98

Hospitality Medical Insurance Health Insurance 98

PeopleStrategy

NOVEMBER 1, 2023

See what worked for you last year, the year before, etc. What has changed from last year? Gather all printed materials, digital platforms, and support staff to see what needs updated or is ready to use. Offering health and wellness programs? Clear, specific communication is a cornerstone of open enrollment.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Utilities Flexible Spending 52

Benefit Resource Inc.

APRIL 21, 2021

Please continue to check our blog page for updates on this developing topic. What benefits are eligible? There is a subsidy for 100% of premiums (including 2% administration fees) for the cost of Group Health Plans, including: Medical, Dental, Vision, and most HRAs. What is the subsidy period? Eligibility.

Flexible Spending Account 74

Flexible Spending Account Taxes Flexible Spending Insurance 74

PeopleStrategy

MARCH 12, 2020

During unsettling situations such as the one we face today, employees rely on HR to provide guidance on how best to protect their health and that of their families. Employee Leave & Health Coverage. To alleviate one aspect of confusion, the IRS has issued guidance on testing as it relates to high-deductible health plans.

Family and Medical Leave Act 83

Family and Medical Leave Act Employment Health Insurance Deductions 83

Bayzat

DECEMBER 9, 2021

How to drive value from insurance data. Group health insurance plans are complex things. As such, driving the maximum possible value from a group health insurance plan isn’t easy. The simple truth is that the insurance sector is still lagging behind other industries. Supporting employees.

Insurance 52

Insurance Health Insurance Hospitality Banking 52

Empuls

DECEMBER 18, 2023

The insurance sector is a dynamic and competitive industry that relies heavily on skilled professionals to serve clients, assess risk, and make informed decisions. Employee retention is a critical factor in the success of insurance companies.  The talent war for these professionals can drive turnover rates.

Employee Retention 40

Employee Retention Insurance Employee Incentives Retirement Plan 40

InterWest Insurance Services

JUNE 29, 2023

A surge in demand for pricey, new and highly effective anti-obesity medications could put a financial strain on employers who sponsor their employees’ health plans. What are these drugs? billion, an increase of 90% from the year prior, according to a report in the American Journal of Health-System Pharmacy.

Pharmaceutical 95

Pharmaceutical Employment Medical Banking 95

Business Management Daily

FEBRUARY 16, 2024

In this blog, we’re talking about why perks are important, how companies can provide incentives employees want, and how they can do it without blowing the budget. Some companies waste a lot of money on perks no one wants or needs, which is why the best approach is to explore what people want and then find ways to get there.

Food 87

Food Retirement Plan 401(k) Bonuses 87

Bayzat

JUNE 29, 2021

In our last blog looking into the insurance market , we outlined how important it is for today’s business to transform their approach to group health insurance planning. But this is just the first stage of the insurance journey. The final stage of any insurance journey is renewal.

Insurance 52

Insurance Health Insurance Utilities Technology 52

Bayzat

JUNE 20, 2021

If 2020 gave us any important lessons to learn, it’s that our health is important and fragile. When it comes to your health, getting health insurance is not a question of should you get it but rather, which health insurance is the best for you. But nothing is as important as your health.

Health Insurance 52

Health Insurance Insurance Healthcare Medical 52

Benefit Resource Inc.

FEBRUARY 23, 2021

At BRI, we actively invest in our participants’ health and wellbeing. Lately, we’ve seen an uptick in questions around the roles of responsibilities of your company’s broker, your TPA (that’s us), and your health insurance provider. So what’s the difference between the three? What is a TPA?

Insurance Carriers 72

Insurance Carriers Health Insurance Insurance Healthcare 72