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Study Pegs Group Benefits Return on Investment at 47%

InterWest Insurance Services

A recent study has found that employers who offer health insurance coverage to their staff had an average return on investment (ROI) of 47%, meaning that for every $1 an employer spends, it will receive $1.47 The analysis by Avalare , a wellness plan provider, and commissioned by the U.S. in benefits.

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New Approaches to Managing Health Care Costs, Improving Outcomes

InterWest Insurance Services

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. As well, many PBMs steer patients to pharmacies that they own, further muddying the waters.

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Should substance abuse insurance be part of your employee benefits?

Higginbotham

Substance use disorders are often connected to mental health disorders. Department of Health & Human Services says people with mental health problems may develop substance use disorders if they try to self-medicate. Some drugs also can lead to mental health problems. Essential Health Benefits.

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31 HR Acronyms Explained

Genesis HR Solutions

This cheat sheet explains several common human resource acronyms. 1099: A form that reports income from self employment earnings, interest and dividends, government payments, and more. TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. (

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Employee Files: What to include, what to leave out, and what’s confidential

Business Management Daily

For example, the Equal Employment Opportunity Commission (EEOC) requires that employers must keep personnel records for one year. Besides that, your confidential medical records will let you know if any team members have disabilities that you need to consider when planning and assigning tasks. Why is that?

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Is workers’ compensation spending on healthcare significant? Would a "single-payer" system make a difference?

Workers' Compensation Perspectives

Private funding includes out-of-pocket healthcare spending by individuals on medical supplies and services, co-pays or deductibles. Spending by your privately-purchased extended health or dental plan is also considered private. Public spending refers to spending from governments and public agencies.

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How To Avoid Damages Involving Pregnancy Discrimination

Abel HR

In fact, the Equal Employment Opportunity Commission (EEOC) logged a whopping 2,753 pregnancy discrimination charges in 2019, which represents the lowest rate in almost a decade and is down almost a third from the 4,029 filed in 2010. For many women, pregnancy is a joyous time (minus the morning sickness and back pain!),